Richmond Electricity Rates, Plans & Suppliers
The cheapest Richmond electricity rate is 13.5 ¢/kWh, 30% lower than the average rate of 19.4 ¢/kWh.
48% are choosing plans with a contract length of 24 months, with 36 month contracts being the second most popular choice at 36%.
The average electric bill in Richmond is $160, with average electricity usage of 1100 per month.
Recommended Richmond Electricity Plans
Compare Richmond Electricity Rates
We've researched the best providers and plans so you can find a great electricity rate in Richmond
| Company | Term | Rate |
|---|---|---|
| Chariot Energy | 36/months | 10.2¢/kWh |
| Gexa Energy | 12/months | 10.3¢/kWh |
| 4Change Energy | 24/months | 10.8¢/kWh |
| Frontier Utilities | 12/months | 10.8¢/kWh |
| Discount Power | 12/months | 11.9¢/kWh |
| Cirro Energy | 12/months | 11.9¢/kWh |
| Tara Energy | 24/months | 12.3¢/kWh |
| Amigo Energy | 24/months | 12.3¢/kWh |
| Just Energy | 24/months | 12.3¢/kWh |
| Think Energy | 12/months | 12.6¢/kWh |
Video - What is The Best Richmond Electricity Rate (September 2024)
When do Electricity Rates Change in Richmond Change?
As Richmond moves into winter, you're going to see fixed rate electricity rates drop with the temperature. So if you're looking for cheap Richmond electricity rates, fall to winter is the best time to to compare Texas electricity rates.
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 | |
|
5 Things to Know Before You Order Richmond Electricity Service
- Know your usage. Ok you don't have to "know" but you should have an idea. Are you moving into an apartment/small house, a medium size home or condo, or a large home? Home size matters and relates to the average usage. Electricity rates are based on volume and are based on 500kWh, 1000kWh and 2000kWh use per month. In other words a small house or apartment customer will generally pay a higher rate than a high usage / large house customer.
- Know your credit score. Do you have great, average or poor credit? If you have average or poor credit you'll probably be asked to pay a deposit - generally $150-$300. You can also use a no-deposit plan that you pre-pay.
- Understand Utility Charges. TDSPs are the local electricity utility company in Richmond. They own and maintain the poles and wires, read the meters and get your power back on when there's a storm or power loss. About 30-40% of your bill is made up of local utility fees.
- All rates displayed on our site include Utility Charges and Fees.
- Understand Your Electricity Facts Label (EFL) The EFL sets out the rates and charges based on usages of 500, 1000 and 2000kWh.
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
How to Switch Electricity Companies in Richmond?
Switching Electricity companies is simple and seamless with no interruption in service.
- 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.
- 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.
- 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.
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.
Richmond Electricity Outage and Utility 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
AEP Central/AEP North: 866-223-8508
Contact the Texas Public Utilities Commission with any other concerns:
PUC Customer Protection, P.O. Austin, TX 787111-3326.
Call 1-888-782-8477
Email the PUCT at customer@puc.texas.gov
Find rates for your zip code in Richmond
FAQ: Richmond Rates, Plans and Providers
Is it true that Gexa Energy has a low price in Richmond?
- Gexa Eco Saver Edge Plus 12 is the cheapest rate from Gexa Energy. It is a 12 month plan with a rate of 10.300 cents per kWh.
We recommend you compare electricity rates in Richmond and see if this plan is right for you.
What Richmond Reliant electricity plans are available?
The following rates are available from Reliant
TXU Energy offers these plans in Richmond
The following rates are available from TXU Energy
What is a cheap Champion Energy Services electricity rate in Richmond?
- Champ Saver-12 is the cheapest rate from Champion Energy Services. It is a 12 month plan with a rate of 14.700 cents per kWh.
You can order the Champ Saver-12 plan here on TexasElectricityRatings without hassling with the state-run powertochoose.org website