Compare Richmond Electric Prices
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Richmond electricity rates

As a Richmond resident, you have the power to choose your electricity provider. That’s thanks to energy deregulation, which gives you a selection of electricity rates in Richmond to explore. Deregulation encourages competition between providers, allowing energy prices to stay low for customers.

To get started with your search for a new energy provider, enter your ZIP code on this page to explore plans for your local area.

Compare Richmond electricity rates

Express Energy - Flash 12 with Auto Pay 12 months $0.124 / kWh
Gexa Energy - Gexa Eco Saver Plus 12 12 months $0.124 / kWh
Frontier Utilities - Frontier Saver Plus 12 12 months $0.124 / kWh
4Change Energy - Maxx Saver Select 24 24 months $0.124 / kWh
Discount Power - Bill Credit Bundle 12 12 months $0.129 / kWh
Flagship Power - Galleon1000 36 36 months $0.138 / kWh
Cirro - Smart Value 24 24 months $0.139 / kWh
Reliant - Power Savings 24 24 months $0.139 / kWh
Constellation - 12 Month Usage Bill Credit 12 months $0.149 / kWh
TriEagle Energy - Real Deal 36 36 months $0.155 / kWh
Pulse Power - Texas Fixed 36 36 months $0.158 / kWh
TXU Energy - Smart Edge 12 12 months $0.159 / kWh
Direct Energy - Live Brighter Lite 24 24 months $0.159 / kWh
Green Mountain - Pollution Free e-Plus 24 Preferred 24 months $0.168 / kWh
Rhythm Energy - Clear Choice 36 36 months $0.171 / kWh
Payless Power - 6 Month - Prepaid 6 months $0.182 / kWh

Please note: All rates above are accurate as of 12/10/2023, 12:08:48 AM CST 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? You may wonder how it affects how you buy electricity. Ultimately, it means you have the power to choose your own electricity rates and provider that best fit your energy budget. Rather than having to buy electricity from your utility, you can shop for plans from several Richmond electricity providers.

Richmond electric companies

Since electric companies near you compete for your business, you have a variety of options to choose from for energy plans and rates. Each provider offers plans tailored to a different group of 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 resource as you 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

Meanwhile, you do not have the option to choose your utility company. In Richmond, your utility company is CenterPoint Energy. If you experience a power outage or notice a downed power line, you need to contact the utility company, not your provider.

  • Utility
    • Delivers power to your home.
    • Maintains the power grid.
    • Responds to power outages.
  • Energy provider
    • Sells energy plans.
    • Issues bills and keeps your account up-to-date.
    • Buys or generates power to sell to customers.

Types of Richmond electric plans

When you start looking for the best electricity rates in Richmond, you’ll find a wide range of plan options. However, there are a few common types of plans that you’ll come across. They include:

  • Fixed-rate plans: This type of plan secures you a specific rate for your energy for the duration of the contract. Most contracts are 12–36 months. The advantage of these plans is that your rate stays the same regardless of what happens in the energy market. If you cancel before the term expires, you might have to pay an early termination fee (ETF). 
  • Variable-rate plans: The price you pay for electricity changes in line with the wholesale energy price if you have a variable-rate plan. Demand, seasonal variances, and more can cause prices to fluctuate from month to month. 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 is unsatisfactory, you might have to pay a deposit upfront. If you don’t want to go through a credit check or you have a poor credit score, a no-deposit electricity plan could be right for you. These plans typically 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 these are based on where you live, it’s important to shop for electric plans near you to ensure you find the most accurate rates. 

Simply enter your ZIP code to begin comparing the current 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, if you prefer a more personal touch, contact the number on this page 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 in wind energy and top five in solar generation. That means there are plenty of renewable energy options for Richmond residents.

All plans in Texas have some amount of green energy in them. 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. These providers are Green Mountain Energy and Gexa Energy.

Are you moving to Richmond?

Richmond residents have access to unique attractions like the Fort Bend Museum and the nearby Cullinan Park. They also benefit from an array of energy choices thanks to deregulation. If you’re moving to Richmond and 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?

The cheapest rates in Richmond are currently offered by Flagship Power, Frontier Utilities, and Gexa Energy. However, keep in mind that rates are always changing, so it’s important to enter your ZIP code on this page to get the latest information.

Where can I compare Richmond electricity rates?

The Choose Texas Power marketplace is a great place to compare your 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 make your choice, it only takes a few minutes to sign up for your new plan online.

How can I lower my electricity bill in Richmond?

The best way to lower your electricity bill is to reduce your energy consumption. You can do this by turning off appliances when you’re not using them or turning up your air conditioning a few degrees. Alternatively, you could invest in energy-efficient appliances. Another option is to look for a new energy plan with a rate lower than your current plan.

What is a good price per kWh?

Electricity rates vary throughout the year, rising when demand is high and dropping when it’s low. To get the latest rates at any time of the year, enter your ZIP code and get started today.

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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