Compare Richmond Electricity Rates and Companies

Compare Richmond Electricity Rates

We've researched the best providers and plans so you can find a great electricity rate in Richmond

Richmond's Best Light Companies

TexasElectricityRatings, rates the top electricity companies in Richmond

Rank	Provider		Stars	Award
#1		Champion Energy Services
#2		Payless Power
#3		Constellation
#4		TriEagle Energy
#5		Reliant

Video - What is The Best Richmond Electricity Rate (Spring 2025)

How to Switch Electricity Companies in Richmond?

Switching Electricity companies is simple and seamless with no interruption in service.

1. When is it Time To Switch Your Power Company: Check your electricity company contract's end date, if you're within 45 days you may forward switch, or within 14 days you can switch without penalty. Your retail electric provider is required to notify you at least 30 days before a contract expires.
2. Compare electricity rates Richmond:If you can find a cheap new rate is dramatically lower it may be worthwhile to switch early and pay the ETF. Lets say youre on a 17 cent rate and youve found a great 11 cent rate. At 2000kWh per month at 17 cents is $340 and 2000kWh at 11 cents is $220. You could save $120 in the first month - so the $60 ETF is worth taking a hit on.
3. Switch Electricity Company: Once you find a great Richmond electricity rate and want to lock it in, you can schedule a forward switch up to 45 days in advance. Ensure you get proof of switch order and date, (you should get an email) and retain any emails for your records.

Are You Moving to Richmond?

Texas has a deregulated electricity market. That means Richmond 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 Richmond's best electricity companies and electricity plans that will make your move easy.

Getting your power turned on in Richmond 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 Richmond.

Electricity Plans for Richmond

• Fixed Rate Plans: Offer a fixed rate per kWh (monthly bill may vary based on usage) for the length of the contract, typically 12 to 36 months.
• Green Energy Plans: Source power from renewable sources such as wind, and solar.
• No Deposit Plans: Electric companies in Richmond offering no deposit sometimes called prepaid electricity plans; allow customers to pay for their electricity in advance. With a no deposit electricity plan, customers can avoid credit checks, deposits, and avoid disconnection for non-payment.
• Variable Rate Plans: Usually considered as the opposite of fixed rate plans, with these plans the price per kWh will vary month to month.
• Time of Use Plans: Vary the rate per kWh based on the time of day and/or the season. Customers are often charged a higher rate during the day and a lower rate in the evening. Additionally there
• Solar Buy Back Plans: This allows Richmond homeowners with solar panels earn extra money by selling their surplus electricity to their electricity provider. Often this is in the form of bill credits for electricity that would otherwise go to waste. Electricity companies offering these plans include: Chariot Energy, Rhythm Energy, and Energy Texas.

Electricity Plan Types in Richmond

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 Richmond

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 Richmond

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 Richmond

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 Richmond?

You have the power to choose your Commercial and Small Business Electricity Rates in Richmond. 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.

Richmond 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 Richmond 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 Richmond

Term

12 Months

Lowest Rate

8.27 ^¢ kWh

Term

12 Months

Lowest Rate

8.65 ^¢ kWh

Term

12 Months

Lowest Rate

9.73 ^¢ kWh

Term

12 Months

Lowest Rate

10.48 ^¢ kWh

Renewable and Green Energy Options in Richmond

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 Richmond 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 Richmond

What if I have Bad Credit or Cant Afford A deposit

There are several no deposit light companies in Richmond 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.

Richmond 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

Find rates for your zip code in Richmond

77406

77407

77460

77469

FAQ: Richmond Rates, Plans and Providers

What is a cheap Champion Energy Services electricity rate in Richmond?

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

What Richmond 4Change Energy electricity plans are available?

The following rates are available from 4Change Energy

Maxx Saver Select 12	10.60 cents per kWh
Maxx Saver Select 24	10.70 cents per kWh
Cash Money 12	15.90 cents per kWh
One Rate 12	16.10 cents per kWh
One Rate 24	16.40 cents per kWh
Power Maxx Saver 12	18.60 cents per kWh
Power Maxx Saver 24	18.60 cents per kWh

Is it true that 4Change Energy has a low price in Richmond?

Maxx Saver Select 12 is the cheapest rate from 4Change Energy. It is a 12 month plan with a rate of 10.600 cents per kWh.

We recommend you compare electricity rates in Richmond and see if this plan is right for you.

Gexa Energy offers these plans in Richmond

The following rates are available from Gexa Energy

Gexa Eco Saver Plus 12	10.60 cents per kWh
Gexa Eco Saver Plus 24	10.70 cents per kWh
Gexa Eco Saver Edge Plus 12	11.80 cents per kWh
Gexa EV Saver 24	15.20 cents per kWh
Gexa Eco Saver Value 12	15.40 cents per kWh
Gexa Solar Export Saver 12	16.60 cents per kWh
Gexa Light Saver 12	16.90 cents per kWh
Gexa Saver Freedom 36	18.90 cents per kWh
Gexa Eco Saver Lite 12	19.80 cents per kWh
Gexa Eco Saver Premier 12	20.10 cents per kWh
Gexa Eco Saver Premier 24	20.30 cents per kWh
Free 3 Day Weekends Preferred 12	20.40 cents per kWh
Gexa Eco Saver Advantage 12	20.50 cents per kWh