Compare Electricity Rates in Richardson, TX

Electricity rates in Richardson, Texas vary depending on the retail electricity provider (REP), your monthly energy usage, and the type of plan you choose. If you’re new to the area or looking to lower your bill, comparing electricity rates across REPs is one of the easiest ways to save. Not all rates are as straightforward as they seem, so read each plan’s Electricity Facts Label (EFL) carefully for full pricing details before enrolling.

The current average electricity rate in Richardson is 14.8¢ per kWh. Since electricity costs can vary based on how much power your household uses each month, the chart below compares average rates at 500, 1,000, and 2,000 kWh usage levels.

There’s no shortage of Richardson electricity providers to choose from. Each one offers its own plans, rates, and perks that you should explore before making a decision. Power Wizard’s energy experts have outlined a few of the top local REPs below to help kickstart your search. Options may vary by location—pop your ZIP code into Power Wizard’s comparison tool to see what’s available in your area.

Electricity Company	Best For…	Ratings
Gexa Energy	Sustainable energy + exceptional customer service	4.83
4Change	Great referral program + charitable giving	4.92
Chariot Energy	100% renewable energy + great rates	4.42
Payless Power	Affordable power + prepaid electricity plans	3.39
TXU Energy	Commitment to customer satisfaction + innovative energy solutions	4.92
Frontier Utilities	Simple, low-rate plans + 60-day happiness guarantee	4.83
Veteran Energy	Competitive rates + aiding veteran support organizations	4.67
Express Energy	Transparent pricing + no hidden fees	4.67
Rhythm Energy	Exceptional service + user-friendly technology	4.83

Richardson residents have the power to choose their electricity provider thanks to Texas’ deregulated energy market. Whether you live in a quiet neighborhood like Canyon Creek or a bustling area near CityLine, you can shop around for plans that fit your household’s needs at any time. Just keep in mind that switching before your current electricity plan ends for any reason other than moving may incur an Early Termination Fee (ETF).

Power Wizard makes switching simple. All you have to do is:

1. Enter your ZIP code into Power Wizard’s smart comparison tool.
2. Filter the results by what matters most to you.
3. Review each electricity plan and EFL carefully.
4. Choose the best plan for your home and enroll through the Power Wizard website.

Your new REP will handle the rest with little to no disruption to your electricity service. Need same-day activation? Most electricity providers offer same-day service if you enroll before 2 pm CT on a regular business day and have a smart meter.

As with most deregulated areas of Texas, electricity in Richardson comes from two different companies: your electric utility and your retail electricity provider (REP). Richardson’s electric utility company is Oncor Electric Delivery. They are responsible for maintaining grid infrastructure, like lines, poles, and meters, as well as handling power outages. If you experience an outage, you can contact Oncor by:

• Calling (888) 313-4747
• Texting OUT to 66267
• Visiting their online outage tracker

Your retail electricity provider, on the other hand, is the company you purchase electricity from. They set your rates, offer different plans, and handle customer service issues related to those plans. You can choose your retail electricity provider, but you cannot choose your electric utility because it is assigned by location.

If you live in a studio apartment in Galatyn Park, you probably use less electricity than a family in a four-bedroom house in the Breckinridge neighborhood, so why should your electricity plan be the same? REPs in Richardson offer many different plan types to suit different needs, lifestyles, and budgets. We’ve broken them down for you below.

Fixed-Rate Plans

These plans lock in a consistent price per kilowatt-hour (kWh) for the duration of your contract, which typically ranges from 6 to 36 months. That means your rate won’t change, even if market prices rise.

Best for: Residents seeking price stability and more predictable electricity bills.

Variable-Rate Plans

Variable-rate (variable-price) plans can change monthly based on market conditions and other factors. Prices can rise unexpectedly, especially during periods of high demand, like summer and winter.

Best for: Those in short-term living situations or individuals comfortable with taking on risk and closely monitoring their electricity usage and market trends.

Time-of-Use Plans (Free Nights or Weekends)

Time-of-use plans, also known as free electricity plans, offer discounted or free electricity during specific hours—typically nights or weekends—while charging higher rates during peak times.

Best for: Households where residents are away during the day and can shift heavy usage (laundry, dishwashing, EV charging) to off-peak hours.

No-Deposit and Prepaid Plans

No-deposit and prepaid plans are pay-as-you-go options. They often don’t have long-term contracts and don’t require credit checks or upfront deposits. However, they often have higher per kWh rates than other plan types.

Best for: Richardson residents with poor or limited credit histories, and anyone looking for a flexible electricity contract or more control over their monthly energy spending.

Green Energy Plans

Renewable plans source electricity from 100% green energy, such as wind, solar, hydro, and more. Many Richardson REPs offer these options at competitive rates.

Best for: Environmentally conscious households who want to support clean energy initiatives without changing daily energy habits.

Solar Buyback Plans

Solar buyback plans let you earn bill credits for excess energy your home solar panels send back to the grid.

Best for: Homeowners with solar panels who want more from their investment.

Bill Credit or Tiered Rate Plans

Bill credit and tiered rate plans reward you with credits or lower rates once your usage hits certain thresholds. While these plans can unlock savings for households that consistently use a set amount of electricity, they can also lead to higher costs if your usage falls short or goes above the target range.

Best for: Households with predictable energy use who want to maximize savings.

Finding the right electricity plan can feel overwhelming, but it doesn’t have to be. Consider the following before enrolling:

• Home Size: Larger homes tend to use more electricity, especially during summer and winter. A fixed-rate plan can help control costs.
• Usage Patterns: If you’re often away during the day and use most of your power at night, a time-of-use plan might be a good fit. If you consistently use a certain amount of energy (usually at least 1,000 or 2,000 kWh), you may want to consider a bill credit plan that matches your usage.
• Electric Vehicle (EV) Ownership: Look for plans with discounted overnight rates to charge your EV.
• Solar Panels: If your new home has solar, consider a provider with a solar buyback program.
• Green Energy Options: If sustainability is important to you, look for providers that offer renewable energy options, like Rhythm Energy or CleanSky Energy.
• Credit Requirements: If you have limited credit history, a no-deposit or prepaid plan can get your service started without a credit check.
• Additional Fees: Many electricity plans include base charges and may have an ETF if you cancel early. Read the EFL so you know exactly what you’re signing up for.

Setting up your utilities early can help you settle into your new home faster and avoid last-minute headaches. Here’s who to contact for the essential services in Richardson:

Natural Gas Service – Atmos Energy

Atmos Energy provides natural gas services to Richardson residents. You can contact them at (888) 286-6700 Monday through Friday from 7 am to 6 pm CT.

Water and Sewer – City of Richardson

Water and sewer services are provided by the City of Richardson, which obtains water through a contract with the North Texas Municipal Water District (NTMWD). You can set up your service by calling (972) 744-4120 Monday through Friday from 8 am to 5 pm CT.

Trash and Recycling – City of Richardson

The City of Richardson handles all trash and recycling services for residents. You can reach them at (972) 744-4111 Monday through Friday from 8 am to 5 pm CT. For

Let Power Wizard take some of the stress out of moving. Our free Home Concierge Service can help you choose and set up home services, like internet, security technology, and more. We’ll even look for exclusive discounts along the way!