Richmond Energy Companies & Plans Starting at 9.8¢
Compare energy plans from Richmond’s top electricity providers starting at just 9.8¢.

At Choose Texas Power, we aim to provide consistent, reliable information about energy plans. Our partners do not direct our editorial content, though we may reference their products in our posts. Read about how we make money to learn more.

Compare today’s Richmond electricity rates

APG&E - SimpleSaver 14 14 months $0.098 / kWh
Cirro - Simple Bill Credit 24 24 months $0.099 / kWh
4Change Energy - Maxx Saver Value 12 12 months $0.099 / kWh
Discount Power - Bill Credit Bundle 24 24 months $0.099 / kWh
Express Energy - Flash Value 12 12 months $0.099 / kWh
Rhythm Energy - Rhythm Saver 12 12 months $0.101 / kWh
Frontier Utilities - Frontier Saver Plus 24 24 months $0.104 / kWh
Gexa Energy - Gexa Eco Saver Plus 12 12 months $0.104 / kWh
Atlantex Power - Radiance1000 12 12 months $0.127 / kWh
TXU Energy - Smart Edge 12 12 months $0.139 / kWh
TriEagle Energy - Real Deal 36 36 months $0.139 / kWh
Veteran Energy - Valor 12 12 months $0.140 / kWh
Constellation - 12 Month Usage Bill Credit 12 months $0.144 / kWh
Reliant - Reliant Power Savings 12 plan 12 months $0.155 / kWh
Direct Energy - Live Brighter Lite 12 12 months $0.159 / kWh
Green Mountain - Pollution Free Conserve 12 Preferred 12 months $0.179 / kWh
Payless Power - 6 Month - prepaid 6 months $0.182 / kWh

Please note: All rates above are accurate as of 9/14/2025, 9:07:39 AM CDT for ZIP Code 77469. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

Your power to choose electricity in Richmond

In traditional energy markets, customers are required to buy electricity directly from their local utility. But in deregulated parts of Texas like Richmond, you have the freedom to choose your own electricity provider and plan. This competition between providers gives you more control over your rates and the ability to find a plan that matches your household or business needs.

Choose Texas Power is not affiliated with Power to Choose, powertochoose.org, or the PUCT.

Average residential energy rate

The current average electricity rate for Richmond homes is 13.78 cents per kilowatt-hour (kWh), which is 21.12% lower than the national average of 17.47 cents per kWh. Rates can vary based on seasonal energy demand, your home’s size, and your household’s usage level. To find cheap electricity rates in Richmond, consider shopping for a new plan during spring or fall, when demand is lower.

Best electricity providers

Since energy companies in Richmond must compete for your business, you have various options for energy plans and rates. Each provider offers plans tailored to different customers, so it’s important to compare rates and features based on your energy habits and preferences. With rates starting as low as 9.8¢/kWh from APG&E, you can explore energy plans from trusted light companies in Richmond through the Choose Texas Power marketplace.

The Choose Texas Power marketplace uses information from Richmond electricity providers to give you a one-stop shop for energy plans. You can compare plans from some of the best electric companies near you, including Gexa Energy, Direct Energy, and TXU Energy. Once you find a good fit, you can sign up online within minutes.

CenterPoint Energy is Richmond’s utility

Unlike your Richmond electricity provider, your utility company is set based on where you live and cannot be changed. While energy providers sell energy plans and manage billing, utility companies deliver and maintain power. In Richmond, your utility company is CenterPoint Energy. If you experience a power outage or notice a downed power line, you should contact CenterPoint, not your provider.

To report an outage, contact CenterPoint in one of the following ways:

Types of Richmond electric plans

When searching for a new electricity plan in Richmond, you’ll come across a few common types of plans. Most options fall into one of the following categories:

  • Fixed-rate plans: This type of plan secures you a specific Richmond electricity rate for the duration of your contract, which will typically range from 12–36 months. The rate stays the same regardless of what happens in the energy market, but if you cancel before the term expires, you may have to pay an early termination fee (ETF).
  • Variable-rate plans: If you have a variable-rate plan, the price you pay for electricity changes with the wholesale energy price. Demand, time of year, and other factors can cause prices — and your bill — to fluctuate monthly. The upside is that you can cancel or switch at any time without paying an ETF, giving you more flexibility if you need it.
  • No-deposit plans: Most energy companies in Richmond will run a credit check before beginning service. If your credit score doesn’t meet the provider’s threshold, you might have to pay an upfront security deposit. If you’d rather avoid this fee, look into a no-deposit electricity plan, such as a prepaid option. These plans allow you to pay for your electricity ahead of time and top up your account when the balance gets low.

Understanding Richmond electric rates

Richmond electricity rates are shaped by several factors, including transmission charges and delivery fees from your utility. Because these costs vary by location, shopping for electricity plans in your specific area will ensure you’re comparing the most accurate and relevant rates.

Enter your ZIP code to compare the best electricity rates in Richmond today.

Commercial energy

The power to choose energy suppliers also applies to Richmond businesses. If you’re in the market for a new energy plan for your business, use our business energy form to receive customized solutions. For more information about business energy plans, call the number on your screen to speak with one of our energy experts.

Green energy plans

Texas is a leader in renewable energy, ranking first nationally for wind energy production and second for solar generation. That means there are plenty of renewable energy options for Richmond residents.

All electricity plans in Richmond include some green energy. If you want to know more about the energy mix in your plan, check its Electricity Facts Label (EFL). There, you’ll find the exact percentage of renewable energy in the plan, its renewable energy rate, and other important plan details.

Certain energy providers offer 100% renewable energy plans — an ideal choice if you want to reduce your carbon footprint. If you’re looking for a fully renewable option, check out plans from Richmond electricity providers like Green Mountain Energy and Gexa Energy.

How to switch energy companies

If you’re moving to Richmond, shopping for a provider, or simply looking to switch electricity plans, Choose Texas Power can simplify the process. Our marketplace has the tools you need to find cheap electricity in Richmond.

Moving to a new address

If you need to transfer electricity service to a new address, give your current provider advance notice to ensure a smooth move. If your provider doesn’t service your new address, you can use our marketplace to shop for a new electricity plan in Richmond. Just enter your new ZIP code on this page to start comparing.

Switching energy providers

Whether you’re unhappy with your current energy provider or in the market for a lower electricity rate, you can switch providers anytime. Our marketplace is your one-stop shop for comparing electric rates in Richmond. Just be sure to check to see if you’ll incur an ETF before you make the switch.

Richmond energy FAQs

Which electricity provider has the cheapest rates in Richmond?

Currently, the cheapest Richmond electricity rates on our marketplace are available from APG&E, but the best rate will depend on your plan type and usage level. Keep in mind that rates are always changing, so it’s important to enter your ZIP code to get the latest information for your area.

Where can I compare electric rates in Richmond?

The Choose Texas Power marketplace is a great platform for comparing energy companies in Richmond and finding the best rate for your home. You can browse through various plans from a range of trusted energy providers, and filter your search results by provider, plan type, and green energy options. Once you choose the right plan for your household, you can sign up online or over the phone in just a few minutes.

How can I lower my electricity bill in Richmond?

Reducing your energy consumption is the best way to lower your electricity bill. You can do this by turning off appliances when you’re not using them or reducing your HVAC usage. You could also invest in energy-efficient appliances. You may also be able to lower your bill by switching to a new plan with a lower rate.

What is the best energy provider in Richmond?

That will depend on your personal energy needs and goals. If you want a 100% green energy plan, use our filters to compare companies that only offer those features. If you’re looking for cheap electricity plans in Richmond, sort your search results from lowest to highest prices.

Deregulated energy made easy

Let us put the power in your hands with a new electricity plan.

Or call us today:  1-877-425-9108
lady looking into laptop