Compare Richmond Electric Prices
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Richmond electricity rates

The city of Richmond is a part of the deregulated energy market in Texas, meaning residents and businesses have the power to choose their electricity provider. Texas energy providers offer competitive rates for customers in deregulated markets and Choose Texas Power helps customers find the best plans and compare trusted providers across the state.

Enter your ZIP code to search for plans in your area.

Compare Richmond electricity rates

Discount Power - Bill Credit Bundle 24 24 months $0.112 / kWh
Cirro - Simple Bill Credit 24 24 months $0.113 / kWh
Gexa Energy - Gexa Eco Saver Plus 12 12 months $0.123 / kWh
Express Energy - Flash 12 12 months $0.123 / kWh
4Change Energy - Maxx Saver Select 24 24 months $0.123 / kWh
Frontier Utilities - Frontier Saver Plus 24 24 months $0.123 / kWh
Veteran Energy - Valor 36 36 months $0.131 / kWh
Reliant - Power Savings 24 plan 24 months $0.139 / kWh
TriEagle Energy - Real Deal 24 24 months $0.145 / kWh
TXU Energy - Smart Edge 12 12 months $0.149 / kWh
Flagship Power - Galleon1000 36 36 months $0.152 / kWh
Direct Energy - Live Brighter Lite 24 24 months $0.159 / kWh
Constellation - 12 Month Usage Bill Credit 12 months $0.159 / kWh
Green Mountain - Pollution Free e-Plus 24 Preferred 24 months $0.162 / kWh
BKV Energy - Lantana 36 36 months $0.164 / kWh
Payless Power - 12 Month - Prepaid 12 months $0.165 / kWh
Rhythm Energy - Clear Choice 36 36 months $0.169 / kWh

Please note: All rates above are accurate as of 5/22/2024, 3:17:13 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.

Power to choose Richmond

Are you new to deregulation and wondering how it affects how you buy electricity? Deregulation means you have the power to choose your electricity rates and the provider that best fits your energy budget and needs. Rather than buying electricity from your utility, you can shop for plans from several Richmond electricity providers.

Richmond electric companies

Since electric companies compete for your business, you have various options for energy plans and rates. Each provider offers plans tailored to different customers, making it easier to find a rate that works for you.

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

Richmond utility companies

Meanwhile, your utility company is determined by where you live. Energy providers sell energy plans and manage billing, but 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 Energy, not your provider.

Types of Richmond electric plans

You can find many plan options for the best electricity rates in Richmond. You’ll come across a few common types of plans. These include:

  • Fixed-rate plans: This type of plan secures you a specific energy rate for the duration of the contract. Most contracts range from 12–36 months. The rate stays the same regardless of what happens in the energy market. 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, seasonal variances, and other factors can cause prices to fluctuate monthly. You can cancel this type of plan at any time without an ETF. 
  • No-deposit plans: Some plans require a credit check before signing up, and if your credit score doesn’t meet the provider’s threshold, you might have to pay a deposit upfront. If you don’t want to go through a credit check or have a low credit score, a no-deposit electricity plan could be right for you. Prepaid electricity plans, a type of no-deposit plan, allow you to pay ahead of time for your electricity and top up your account when the balance gets low.

Richmond electric rates in my area

Various factors influence electricity rates, including utility transmission charges and delivery fees. Since this is affected by where you live, shopping for electric plans near you is important to ensure you find the most accurate rates. 

Enter your ZIP code to compare up-to-date electricity rates in your area.

Richmond commercial energy

The power to choose energy suppliers extends to Richmond businesses. You can use our business energy form to receive customized solutions for your commercial operations. Or you can call the number on your screen to speak with one of our energy consultants. Either way, you’ll receive customized solutions that fit your business.

Green energy plans in Richmond

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

All plans in Texas include some green energy. Once you find the plan you like, click on the More Details tab. This gives you access to the Electricity Facts Label (EFL), which will show you the exact amount of renewable energy in the plan and the renewable energy rate

Certain energy providers offer 100% renewable energy plans, an ideal choice if you want to reduce your carbon footprint. In Richmond, these providers are Green Mountain Energy and Gexa Energy.

Are you moving to Richmond?

Richmond residents can access unique attractions like the Fort Bend Museum and the nearby Cullinan Park. They also enjoy an array of energy choices thanks to deregulation. If you’re moving to Richmond, shopping for a provider, or looking to switch providers, Choose Texas Power can help. Enter your ZIP code to find cheap electricity rates in Richmond. 

Richmond energy FAQs

Which electricity provider has the cheapest rates in Richmond?

Discount Power currently offers the cheapest electricity rates in Richmond. Remember that rates are always changing, so it’s important to enter your ZIP code on this page to get the latest information for your area.

Where can I compare Richmond’s electricity rates?

The Choose Texas Power marketplace is a great platform to compare your energy options. You can browse through various plans from a range of trusted energy providers. You can also filter your search results by provider, plan type, green energy options, and more. Once you choose the best plan for you, signing up online or over the phone only takes 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 turning up your air conditioning a few degrees. You could also invest in energy-efficient appliances. Another option is looking for a new energy plan with a rate lower than your current one.

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
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