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Compare Richmond electricity rates

Data presented by the U.S. Energy Information Administration (EIA) shows us that, on average, Texans pay 11.87 cents per kWh for residential electricity as of 2019. Because many areas of Texas have deregulation, that means consumers can search for the best Richmond electricity rates and plans to fit their budget. Shopping for the lowest electricity rates in Texas means consumers are going to see many retail energy providers (REPs) competing for their business.

Richmond electricity rates

Express Energy - Flash 12 - with Auto Pay 12 months $0.067 / kWh
Frontier Utilities - Best Value 12 12 months $0.067 / kWh
Pulse Power - Texas Saver 12 12 months $0.067 / kWh
4Change Energy - Maxx Saver Select 12 12 months $0.068 / kWh
Gexa Energy - Gexa Saver Deluxe 12 12 months $0.069 / kWh
Just Energy - Power Plus 12 12 months $0.079 / kWh
Constellation - 12 Month Flat Tier Product 12 months $0.090 / kWh
Cirro - Smart Value 12 Online 12 months $0.102 / kWh
TXU Energy - Smart Edge 12 12 months $0.105 / kWh
Discount Power - Saver 24 24 months $0.110 / kWh
Reliant - Basic Power 12 12 months $0.112 / kWh
TriEagle Energy - Silver Eagle 12 12 months $0.122 / kWh
Direct Energy - Live Brighter 36 36 months $0.126 / kWh
First Choice Power - You Got This 24 24 months $0.126 / kWh
Green Mountain - Pollution Free e-Plus 12 Preferred 12 months $0.130 / kWh
Chariot Energy - Green Saver 36 36 months $0.140 / kWh
Payless Power - SmarTricity Premier 12 - Prepaid Plan 12 months $0.148 / kWh

Please note: All rates above are accurate as of 8/04/2021, 3:53:12 PM 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.

Richmond electric companies

Texans living in Richmond have the power to choose which REP they would like to use. Having that control means if they see Richmond electricity rates lower through another REP, they can switch, though in some instances that could involve paying an early termination fee if their contract is not completed. At the end of their contract, customers may select a new provider such as Direct Energy, TXU Energy, or Gexa Energy with no consequence if you find a better plan or lower Richmond electric rates.

Even though Richmond residents can choose their REP, a utility company must deliver that power. CenterPoint Energy is Richmond’s power utility company. That means, if there is a power outage, this is the company residents must contact.

If you experience an outage due to a storm or downed line, contact CenterPoint Energy at 800-332-7143 or view the status by clicking here.

Types of plans in Richmond

  • Fixed rates: If you need the stability and assurance that whatever rate for electricity you lock into when starting your contract is going to be the same throughout, then this plan is optimal. With fixed-rate plans, no matter what is happening in the energy market, your monthly rate does not change for the duration of the contract.
  • Variable rates: Variable rate plans let you take advantage of lower market rates when they happen. If there are changes in the energy market, you will see changes in your electric bill, too. If market demand grows, your energy bill will go up in kind on a variable-rate plan.
  • No deposit: Before an electric company turns on your power, many of them check your credit to determine whether you’ll have to pay a deposit. If the deposit amount is not an affordable option for you, you may be able to choose a prepaid plan. With prepaid plans, you pre-pay for a set amount of energy. When the balance on your bill runs low, you must add money to fill it up again.

Richmond green energy plans

Many areas throughout Texas, including Richmond, are embracing renewable energy sources. Your goals might be to conserve, reduce your carbon footprint, and find a green energy plan featuring the best Richmond electricity rates, and many REPs offer them.

Confused about deregulation?

It is not uncommon to have many questions about deregulation, especially if you live in a regulated area and are moving to a new location where it exists. We make the research process more straightforward by offering resources in the links above. For those who still have questions about deregulation, give us a call, and we can discuss the best options for Richmond electricity rates.

If you’re comfortable with deregulation, enter your ZIP code in the box above and browse what’s available in your area.

Updated: 8/04/2021

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