Your power to choose electricity in Richardson

In regulated energy markets, residents are required to buy electricity from their local utility company. In deregulated areas, on the other hand, you have the power to choose your Richardson electricity provider and energy plan. As a Richardson resident, you can shop around for electricity plans that fit your budget and energy needs, allowing you to potentially save big on your energy bill.

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Average Richardson electricity rate

The average Richardson electricity rate on the Choose Texas Power marketplace for 500 kWh in 2025 is 19.63 cents per kilowatt-hour (kWh), marking a 3.30% decrease from 2024. The rates for the 1,000 kWh and 2,000 kWh usage levels are 13.71 cents and 16.07 cents, respectively, which are 10.79% and 5.75% lower compared to the average rates in 2024.

Best Richardson electricity providers

Competition between electricity providers gives you more opportunities to find affordable electricity rates in Richardson. With Choose Texas Power, you can compare the best energy plans from the top Richardson electricity providers and sign up for the right one for your needs — all in one place. On our marketplace, you’ll find energy options from many of the best energy companies in Richardson, including 4Change Energy, Reliant Energy, and TXU Energy, among others.

Oncor Electric Delivery is Richardson’s utility

Unlike your electric provider, your utility delivers electricity to your home or business, maintains local power infrastructure, and deals with power outages. Although you’re free to choose your electricity provider, you cannot choose your utility company, which is determined based on your location. In Richardson, the utility company is Oncor Electric Delivery. Here’s how to contact Oncor in the event of an outage or other electrical emergency:

• Call 1-888-313-4747
• Text OUT to 66267
• Utilize Oncor’s online outage portal

Types of Richardson electric plans

When shopping for a new energy plan in Richardson, you will find several available types. The best plan for you will depend on your budget, electricity usage, and individual needs. Here are a few of the most common electricity plan types that you might come across from light companies in Richardson.

• Fixed-rate plans: These plans have a contract that typically lasts between one and three years, and you’ll have a guaranteed electricity rate for the duration of your agreement. A fixed-rate plan could be a good option if you’re looking for a long-term, predictable rate. However, there is typically an early termination fee (ETF) if you cancel or switch before your contract ends.
• Variable-rate plans: If you choose a variable-rate electricity plan, you’ll have a month-to-month agreement with your electricity provider. Your monthly rate will vary based on the current wholesale rate of electricity, which means that your bill could fluctuate quite a bit depending on the market conditions. On the plus side, you can cancel or switch plans at any time with no penalty.
• No-deposit plans: Most energy providers run a credit check before beginning service. If you have a low credit score, you’ll likely need to pay a deposit to get started. If you’d like to avoid this, a no-deposit electricity plan might be a good option, such as a prepaid plan. This is when you pay for your electricity upfront and top up your account when it runs low.
• Time-of-use: Time-of-use plans charge different electricity rates based on the time of day. Rates are typically cheaper during periods of lower demand, like overnight. A time-of-use plan might work for you if you tend to use electricity during off-peak hours, so you can take advantage of the lower rates.
• Renewable: Green energy plans offset your usage from renewable power sources, like solar and wind. Some providers offer 100% green energy, but the Texas average is 33%. These plans are a good fit if you want to reduce your carbon footprint.

Understanding Richardson electric rates

Electricity rates vary from city to city in Texas — even with the same energy plan and provider. This variation is due to several factors, including different transmission charges and taxes in different parts of the state. While comparing rates in other cities is helpful to get an idea of what you will pay, you can find today’s Richardson electricity rates by searching your ZIP code on this page.

Richardson commercial electricity rates

If you own or manage a business in Richardson, you have the power to choose the best commercial energy plan for your company. The Choose Texas Power marketplace can help you create a custom electricity plan for your business. You can get started by filling out our commercial energy form, or calling the phone number on your screen to speak with one of our energy experts.

Green energy plans in Richardson

Texas is a leading state for renewable energy production. Not only is the Lone Star State the leading generator of wind energy in the U.S., but it comes in second for solar power production. As a Richardson resident or business owner, you have many options for using green energy.

Renewable power is so abundant in Texas that every plan sold in the state includes some green energy in the mix. Refer to your plan’s Electricity Facts Label (EFL) to find out how much renewable energy a specific plan contains.

You can find 100% renewable energy plans from a few Richardson electricity providers, such as Gexa Energy and Green Mountain Energy.

Moving or switching providers in Richardson

If you’re moving to a new home or want a better electricity plan, Choose Texas Power can help. Our marketplace makes it simple to find and compare energy plans in Richardson.

Moving to a new address

If your current energy company serves your new address, you can transfer service by contacting its support team. Some providers offer same-day electricity service to get you set up within 24 hours, but planning in advance might help you avoid power interruption. If your provider doesn’t cover your new address, you can use your new ZIP code to find and sign up for a new plan with no penalty from your current provider.

Switching energy providers

If you’re dissatisfied with your current service or you’d like to find a cheaper rate, you can save money by switching energy providers. Before making a switch, be sure to read your current contract to check for any ETFs. Then use your ZIP code on Choose Texas Power to find a cheaper rate in Richardson.

Richardson energy FAQs

Where can I compare Richardson electricity rates?

Using the Choose Texas Power marketplace is a simple and easy way to compare energy plans in Richardson. Our site gives you a clear view of the energy plans available in Richardson. Simply enter your ZIP code to find the best electric company near you.

What is the best energy provider in Richardson?

It depends on your energy use habits and preferences. For instance, if you’re looking to reduce your carbon footprint, a green energy plan from Green Mountain Energy or Gexa Energy might be a good choice. If you want a no-deposit option, you could pick a provider like Payless Power. If a cheaper rate is your priority, take a look at Discount Power. When shopping on Choose Texas Power, use the filters to narrow down your search to find the best plans for your needs.

How can I lower my electricity bill in Richardson?

Reducing your electricity consumption by using LED light bulbs, turning down your heating and cooling system, and switching to energy-efficient appliances are all great ways to lower your power bills. Shopping for a new electricity plan with a cheaper rate is another easy way to lower your monthly utility bills.

Which provider has the cheapest electricity rates in Richardson?

Currently, Cirro Energy, Gexa Energy, Frontier Utilities, and Discount Power offer the lowest Richardson electricity rates. Energy prices often fluctuate, so check in with Choose Texas Power frequently using your ZIP code to get the most accurate and up-to-date prices.