Compare Richardson Electricity Rates and Companies
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Recommended Richardson Electricity Plans
March 2026 Richardson Market Update
The best Richardson electricity plans to help you save this March
We're right in the middle of the Winter season here in Texas, and that means we're also smack dab in the middle of shopping season. The best time to lock in a rate is December through March, particularly to shop for a 12 month plan that gets you a good rate through the inevitablly scorching summer in Texas.
Our energy analyst team recommends these plans right now- The cheapest electricity rate is the AGP&G's Simple Saver Credit Smart 12, at 9.2 cents per kWh, for 6 months. If you want the cheapest advertised rate bar none, with no other considerations, this is the plan for you. This rate does include a Bill Credit, keep that in mind.
- For those long term stability, we have the Chariot Energy's GridPlus 24 at 9.3 cents per kWh, for 2 years. Again, the plan has a bill credit so read your EFL and understand your usage
- For customers who want a steady rate, summer or winter regardless of usage, the Octo Green Thermostat 12, from Octopus Energy, is the way to go. Its a flat plan with pretty much the same rates across all usage tiers, and at 11.1 cents per kWh is the set it and forget it option that many Texans are looking for when it comes to electricity.It will come off contract around the summetime, though, so be cautious there.
Compare Richardson Electricity Rates
We've researched the best providers and plans so you can find a great electricity rate in Richardson
| Company | Term | Rate |
|---|---|---|
| Chariot Energy | 15/months | 7.7¢/kWh |
| APG&E | 15/months | 7.8¢/kWh |
| Companion Energy | 12/months | 8.2¢/kWh |
| Frontier Utilities | 12/months | 8.3¢/kWh |
| Gexa Energy | 12/months | 8.3¢/kWh |
| Discount Power | 12/months | 8.3¢/kWh |
| Cirro Energy | 12/months | 8.3¢/kWh |
| 4Change Energy | 24/months | 8.4¢/kWh |
| Energy Texas | 15/months | 8.6¢/kWh |
| Rhythm | 15/months | 8.6¢/kWh |
Richardson's Best Electricity Companies
TexasElectricityRatings, rates the top electricity companies in Richardson
| Rank | Provider | Stars | Award | |
|---|---|---|---|---|
| #1 |
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Chariot Energy |  |
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| #2 |
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Gexa Energy | |
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| #3 |
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Payless Power |  |
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| #4 |
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Constellation | |
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| #5 |
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Frontier Utilities | |
|
Video - What is The Best Richardson Electricity Rate (Winter 2025)
How to Switch Your Richardson Light Company
Switching light companies is simple and seamless with no interruption in service.
- You can switch your electricity company up to 45 days before your electricity contract ends. This is called a "Forward Switch"
- What is a Forward Switch? - A forward switch allows you to "Switch and Forget" Your new provider will handle all the details and seamlessly transfer you rservice on your contract end date
- You can switch your electricity company without penalty up to14 days before your contract ends.
- Your electricity provider is required to notify you that your electricity contract is up 30 days before th econtract end date
- Then compare electricity rates for Richardson and switch in minutes.
Are You Moving to Richardson?
Texas has a deregulated electricity market. That means Richardson Electricity Companies compete for your business. Just like cellphone, Internet, Insurance and credit card companies that compete for your business. And just like those businesses there are plenty of ways that Texas electricity companies can take advantage of you, so we've made it easy. We've rated, ranked, and recommend Richardson's best electricity companies and electricity plans that will make your move easy.
Getting your power turned on in Richardson is easy. If your home has a smart meter, we can get your power turned on in 4-6 hours. Just enter your zip code to get started.
Compare Local Electric Rates
When shopping for electricity, you will see that rates and plan availability may vary by location. This is due to differences between local utility transmission and delivery fees.
That's why you need to enter your zip code to compare electricity rates in Richardson.
Types of Energy Plans in Richardson
There are basically three types of Electricity Plans available for residential customers. Houston electricity companies offer a wide range of options and terms. For the most part they are in three categories: fixed-rate and variable rate and pre-paid.
Fixed-Rate Electricity Plans in Richardson
Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. Fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.
Variable-Rate Electricity Plans in Richardson
Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.
Pre-Paid Electricity Plans in Richardson
When you sign up for pre-paid electricity, no social security number and no credit check are required.
Signing up takes a few minutes and requires a small upfront payment to establish your account balance. Prepaid providers will text you to add more money as you balance changes. Or you can use your prepaid provider's app to monitor your usage and manage your budget online.
Electricity Plan Types in Richardson
Now that we have explained TDSP rates, the second thing to consider is the type of electricity plans a customer can buy. Each plan will likely end up having different rate scales. There are three types of electricity plans you can choose from when selecting an energy plan that best fits your needs.
Fixed Rate Electricity Plan in Richardson
Lock in low energy rates for a period of months ranging from 9 to 36. Be aware that these contracts typically charge an early termination fee if you switch before your term ends.
Variable Rate Electricity Plan in Richardson
Month to month contracts with rates that vary. You won't have to worry about deposits or early termination fees, but rates can decrease or increase from month to month.
Pre-Paid Electricity Plan in Richardson
You deposit money into an account that your energy company bills directly depending on your use. Keep in mind there are often daily charges with these plans. Rates typically change from month to month.
There are other kinds of plans, such as green plans, or plans that come bundled with things like Smart Thermostats, but for the most part, these three plans are the main three kinds of choices available.
Compare Business Electricity Rates in Richardson?
You have the power to choose your Commercial and Small Business Electricity Rates in Richardson. The Texas Electricity Ratings commercial electricity marketplace is exclusively for business electricity customers looking to start commercial service or compare their existing commercial electricity rates.
Richardson business electricity rates are some of the lowest in the US and are 20-30% less than residential rates. So, if you're starting a business in Richardson or just want to compare commercial electricity rates and shop the market for a better rate, you could save thousands each year by shopping for a lower rate.
Commercial Electricity Rates in Richardson
Compare the Best Solar Companies in Richardson
Sunny Savings in Under a Minute
Utility Rates and EnergySage have partnered to help you go solar and save more.
Renewable and Green Energy Options in Richardson
Over 30% of the energy produced in Texas is from renewable energy resources such as solar, and wind. In fact, Texas produces more green energy than any other state. And is one of the reasons that Texas has some of the lowest electricity rates in the US.
Every Texas energy provider has about 20% green energy in their mix of energy sources. You can see this in the Fuel Mix section of any Texas Electricity Plan EFL (Electricity Facts Label).
Most Texas electricity companies have a 100% green / renewable energy plan, where 100% of the energy you buy supports renewable energy generators. Some Richardson electricity companies are exclusively green, where every plan is 100% green and prices and rates support 100% green energy and renewable generation.
The 3 types of renewable energy plans to select from:
- Green energy term plans:
- These are similar to traditional 3 to 12 month term plans with 100% green energy.
- EV Charging Plans:
- Plans targeted at EV owners that are "Time of Use" where you pay low rates at night (between 11PM and 5AM) and a higher rate during the day.
- Solar Buy Back Plans:
- Plans that allow homeowners who own their solar panels to sell excess power back to their provider or offset their electricity bill with excess power generated by their solar panels and may earn bill credits of up to .25 cents per kWh exported back to the grid.
Five Green Electric Plans for Richardson
| Company | Term | Rate |
|---|---|---|
| Chariot Energy | 15/months | 7.7¢/kWh |
| Gexa Energy | 12/months | 8.3¢/kWh |
| Energy Texas | 15/months | 8.6¢/kWh |
| Rhythm | 15/months | 8.6¢/kWh |
| Think Energy | 12/months | 13.7¢/kWh |
What if I have Bad Credit or Cant Afford A deposit
There are several no deposit light companies in Richardson that can get your lights on tonight. No deposit electricity plans require that you prepay for your electricity. You can order online, and deposit a small amount - generally $25-$75 and get your lights on in a few hours. Once youve ordered service, you download an app and that reminds you when you need to deposit more money to keep your lights on.
| Company | Term | Rate |
|---|---|---|
| Payless Power | 12/months | 18.7¢/kWh |
| Payless Power | 6/months | 18.7¢/kWh |
Richardson Electricity Outage Information
If you have a power outage, or any issue with your home's electrical delivery, you should contact your local electric utility for assistance, Centerpoint Energy - 713-207-2222, Oncor Energy - 888-313-4747, AEP Central/AEP North - 866-223-8508, or TNMP - 888-866-7456
Contact the Texas Public Utilities Commission with any other concerns: PUC Customer Protection, P.O. Austin, TX 787111-3326. Phone: 1-888-782-8477, Email at customer@puc.texas.gov
FAQ: Richardson Rates, Plans and Providers
Is it true that Gexa Energy has a low price in Richardson?
- Gexa Eco Saver Plus 12 is the cheapest rate from Gexa Energy. It is a 12 month plan with a rate of 8.300 cents per kWh.
We recommend you compare electricity rates in Richardson and see if this plan is right for you.
What Richardson 4Change Energy electricity plans are available?
The following rates are available from 4Change Energy
Constellation offers these plans in Richardson
The following rates are available from Constellation
What is a cheap Champion Energy Services electricity rate in Richardson?
- EV Saver-12 is the cheapest rate from Champion Energy Services. It is a 12 month plan with a rate of 14.400 cents per kWh.
You can order the EV Saver-12 plan here on TexasElectricityRatings without hassling with the state-run powertochoose.org website
