Compare Richardson Electricity Rates and Providers

Today’s Richardson Electricity Rates and Plans

Below, you can compare some of the best electricity rates in Richardson. Based on our extensive research, the best electricity rates come from plans that provide competitive prices without compromising bill predictability and rate transparency. 

Although a plan with the lowest advertised rate may seem appealing, it might not be the cheapest overall due to hidden fees or deceptive discounts, such as bill credits. Bill credit plans, while offering discounts based on usage thresholds, can lead to unpredictability if your energy use fluctuates.

To avoid these pitfalls, we recommend opting for 12-month plans with clear, straightforward pricing to ensure stable, predictable bills and to maintain control over your electricity costs.

The rates above are accurate as of 05/08/2025 at 02:54 AM for the ZIP code 75001. The rates are the same across all ZIP codes in the Oncor service area. Rates shown are for 1000 kWh usage.

Cheapest Electricity Rates in Richardson

You can find some of the cheapest electricity rates in Richardson below. However, we suggest caution before signing up for a plan with ultra-cheap advertised rates. 

The cheapest electricity rates in Richardson often come from bill credit plans, which include the following features:

• Offer a discount ranging from $30 to $150 when your usage meets a minimum or stays below a maximum kilowatt-hour level.
• Common usage levels include 1,000 kWh and 2,000 kWh, although some may have a range, often from 1,000 kWh to 1,999 kWh.
• When your usage meets the bill credit requirements, you can potentially save big.
• However, when your usage doesn’t meet the required levels, your effective energy rate can more than double. 

For example, the Gexa Eco Saver Plus 12 offers a $125 bill credit for usage of 1,000 kWh. Use 1,000 kWh per month, and you’ll pay 11 cents per kWh. But if your usage drops to 500 kWh, your rate will leap to 23.9 cents a kWh. You’ll save if your usage consistently meets 1,000 kWh. But if your usage drops significantly during mild seasons, you’ll pay far more per kilowatt-hour.

Before signing up for a bill credit plan, assess your home’s energy use levels to ensure that you’ll be able to regularly enjoy the discounted rate.

The rates above are accurate as of 05/08/2025 at 02:54 AM for the ZIP code 75001. The rates are the same across all ZIP codes in the Oncor service area. Rates shown are for 1000 kWh usage.

What Is a Good Energy Rate in Richardson?

When shopping for a plan, finding the lowest rate doesn’t necessarily equal finding a good price. In our estimation, a good rate lets you save money while enjoying predictable bills. We suggest also considering predictability, contract length, fees and renewable energy.

Based on these factors, a good rate in Richardson, Texas, generally ranges from 14 cents per kWh to 17 cents per kWh from a straightforward fixed-rate plan. These numbers are within a relatively close range to the statewide average electricity rate, which is 14.89 cents per kWh, according to February 2025 data from the U.S. Energy Information Administration (EIA). 

While rates in Richardson start as low as 11 cents per kWh, we generally don’t consider these good rates. Plans below 14 cents per kWh often use bill credits to advertise low rates. But if your usage doesn’t meet the credit requirements, your effective energy rate can skyrocket.

Several factors currently impact electricity rates in Richardson, including the cost of natural gas, which significantly influences Texas’s energy prices. As a large portion of Texas’s power generation relies on natural gas, fluctuations in fuel costs can lead to higher electricity rates. 

Supply and demand also impact rates, with factors such as extreme weather events, population growth and energy grid capacity contributing to rate changes. While renewable energy sources (such as wind and solar power) have increased in availability, their variable nature means that natural gas and other sources continue to play a significant role in setting electricity rates.

Electricity Companies in Richardson

In Richardson, dozens of light companies offer electricity service. Each provider comes with pros and cons. Some offer a wide range of plan types and rate structures, while others focus on a single plan type, whether it be green energy or prepaid lights. This variety empowers you to select based on your energy needs. But it can also make it challenging to differentiate between companies. 

To help, we’ve reviewed dozens of electricity companies in Texas across key customer-focused categories, including customer service, online experience, customer satisfaction and retention. We evaluated these experiences by evaluating provider websites and plan offerings and polling 1,600 Texans in deregulated areas in our February 2025 survey. 

Top Energy Providers in Richardson

According to our survey, the most popular electricity companies in Richardson include TXU Energy ( 23% of all survey respondents), Reliant Energy (19% of respondents) and Gexa Energy (4% of all respondents). These providers also earned our highest ratings, each earning a 4.9 out of 5 stars.

Other top-rated companies include TriEagle Energy and Rhythm Energy. Meanwhile, the best company can vary based on your needs. For example, if you want to avoid a deposit or enjoy prepaid electricity, we recommend Payless Power for its fixed-rate, no-deposit lights plans.

Check out other high-rated light companies below.

Which Utility Company Serves Richardson?

In Richardson, Oncor Electric Delivery manages the local power grid, delivering electricity to homes and businesses across the city. 

As the transmission and distribution utility company (TDU), Oncor maintains the power lines, ensures reliable service and charges a delivery fee based on your energy usage. You’ll find these TDU delivery fees added to your monthly bill regardless of which provider you choose. These charges are separate from the rates set by your retail electric provider (REP) and can significantly influence your overall electricity cost. 

As the utility company, Oncor is responsible for restoring service during a power outage. During a blackout, we suggest calling your utility company for speedy service.

How To Choose an Electricity Plan in Richardson

Picking an energy plan in Richardson can feel overwhelming. You’ll find dozens of providers offering hundreds of plans, all with different perks and prices. While we know price is key, we encourage you to consider customer service quality, contract length and other relevant perks for your needs. For example, if you own solar panels, a solar buyback plan may match your needs. Have an electric vehicle? There’s an EV charging plan for you.

Here are a few tips for selecting the best electricity plan for your Richardson home:

• Understand your usage patterns: Know your typical monthly energy consumption to identify whether a fixed-rate or variable-rate plan best suits you. We suggest considering your usage patterns over a full year to determine if you have seasonal changes in use.
• Review the plan’s terms and fees: Always check the contract length, cancellation fees and other terms that may impact your overall cost. Some plans come with hidden fees or early termination charges that can add up.
• Look for flexible payment options: Some REPs offer flexible billing options, such as auto-pay or budget billing, which can help you manage your energy costs more effectively.
• Consider renewable energy plans: To reduce your carbon footprint, consider a green energy plan that sources electricity from wind or solar. These plans can align with your environmental goals while still offering competitive pricing.
• Check customer reviews and ratings: Research customer feedback, including ratings on review sites, to get a better idea of the provider’s customer service. A provider with high satisfaction levels is likelier to provide consistent and transparent service.

Plan Types Available in Richardson

In Richardson, you’ll find many energy plan types. Each plan type has its own structure and offerings, but most fall into the following categories.

• Fixed-rate plans
• Variable-rate plans
• Bill credit plans
• Time-of-use plans
• Green energy plans
• No deposit plans

In today’s ever-shifting Texas deregulated energy landscape, fixed-rate plans stand out as our top recommendation for savvy consumers seeking stability and peace of mind. These plans create a financial shield against the notorious market swings that have left many Texans vulnerable during extreme weather events, such as winter storm Uri.

While variable-rate plans might tempt you with initially low rates, they can quickly transform into budget nightmares during demand spikes, exposing you to shocking price surges. 

On the other hand, time-of-use plans occasionally promise “free nights and weekends,” which might sound like a bargain. However, these plans charge significantly inflated daytime rates, providing true value only to households with highly specialized consumption patterns. Similarly, those eye-catching bill credit plans advertise ultra-low rates that typically only materialize if your monthly usage falls within an extremely narrow sweet spot of kilowatt-hours.

Our comprehensive analysis reveals that fixed-rate plans consistently deliver the winning combination of predictability, protection, and genuine value that most Texas families need in this unpredictable energy market.

What To Know About Electricity in Richardson

Understanding how the deregulated energy market works can help you make more informed decisions about your energy provider and plan. With numerous options available, it’s important to carefully compare pricing, plan types and contract terms to avoid surprises and to find the most suitable provider for your Richardson home or business.

How To Review a Plan’s EFL

Every energy plan in Richardson will come with an electricity EFL. This document provides detailed information about an electricity plan, including the associated rates, contract length, fees and additional charges. We recommend reviewing the advertised rate across all usage levels. If the EFL shows a fairly consistent rate across usage levels, that plan should provide more predictable energy costs. However, if the price is very low at 1,000 kWh or 2,000 kWh and excessively high at 500 kWh, that plan may lead to unpredictable energy bills. Reviewing the EFL allows you to make an informed decision and select the best plan that fits your needs and budget.

Review Early Termination Fees

Early termination fees (ETFs) are charges you incur if you cancel your electricity plan before the contract ends. These charges can either be one lump sum, ranging from $150 to $395, or a fee per month left on your contract. In an ideal world, you won’t have to worry about cancellation charges. However, just in case you end up needing to terminate your plan early, you can benefit from being aware of these charges.

Should You Consider Free Nights and Weekends Energy Plans?

Free nights and weekends plans are a type of time-of-use plan, where electricity is extremely cheap or even free during select off-peak hours. These plans can be misleading, as they often have higher rates during peak hours, which can lead to unexpected costs and offset any savings from the discounted hours. Most energy buyers should avoid these plans, as they can be difficult to predict and lead to higher bills unless you have very specific usage patterns.

Available Green Energy Plans in Richardson 

Many light companies offer green energy in Richardson, while a few don’t offer any other plan type. Clean energy prices tend to be competitive with traditionally sourced energy, so you may be able to lower your monthly energy bills while reducing your home’s carbon footprint.

Commercial Electricity in Richardson

Signing up for commercial electricity in Richardson differs from residential energy plans due to the unique energy needs of businesses, which often require higher usage, customized billing options and flexible contract terms. Commercial plans typically involve negotiating rates based on usage volume, the number of employees or the type of business. The current average commercial energy rate in Texas is 8.64 cents per kWh, according to February 2025 data from the EIA. Commercial energy rates tend to be lower than residential prices due to the high demand businesses often see.

Switching Providers or Moving to Richardson

We generally recommend switching energy providers in the spring or fall. The mild weather of these seasons typically leads to reduced demand, which causes prices to drop. You can typically lock in a low rate at this time, and if you sign up for a 12-month contract, you’ll be re-upping at the same time of year, which should ensure future savings.

The switching process is easy.

• Enter your ZIP code
• Compare plans
• Sign up in five minutes

If you’re moving to Richardson, it’s best to start shopping for an energy provider a few weeks before your move-in date to ensure your new home has lights when you arrive. Simply punch in your ZIP code and compare plans and providers in your area. Once you select the best pick for your needs, we can help you enroll online or over the phone in five minutes.

Frequently Asked Questions About Richardson Electricity Rates

How We Rate and Review Texas Electricity Companies

With dozens of providers and hundreds of plans available in the deregulated Texas market, choosing the right one can feel overwhelming. We created a comprehensive rating methodology to help you cut through the complexity and find the best electricity plan for your needs, whether you’re moving to Texas or looking to switch providers.

We’ve researched dozens of Texas electricity providers and scored them out of 5 stars based on results from our 2025 energy survey of 1,600 Texans, scoring providers on customer satisfaction, experience and retention. Here’s how these core factors weighed into our ratings:

• Customer satisfaction (30%)
• Customer retention (30%)
• Online experience (20%)
• Customer experience (20%)