Richardson electricity providers are competing for your business. Give us 5 minutes and we will show you the best deals on electricity in Richardson, TX. You could save hundreds of dollars in electricity bills just by exercising your power to choose.
The only way to know which provider has the best rates in your city is to compare electric rates and plans side-by-side. Here we have provided all the tools you need to shop for an electricity provider the smart way.
Our electricity rate comparison tool is completely free to use and makes shopping for electricity much easier. Enter your zip code and see a list of electric plans from the major electric companies in Richardson. You will see the rates for all plans along with the estimated monthly bill for your home size. You will also be able to view special deals and plan details.
Apply filters to find green energy plans, monthly plans, no deposit plans, or whatever your situation requires. Enrollment can be done easily online or over the phone.
Featured Electricity Rates In Richardson, Texas
Why Do Richardson Electric Companies Run Credit Checks?
Any retail company makes money by buying a product and selling it for a markup. Richardson electricity providers must buy electricity from the wholesale electricity market in order to sell power to their customers consumers. If a customer doesn’t pay their light bill to the electric provider, the company must still pay the producers of the electricity.
Top Richardson Electricity Rates From Each Provider
|Electric Company||Plan Name||Electricity Rate|
|BKV energy||The Lantana 15||14.6¢/kWh|
|Frontier Utilities||Frontier Saver Plus 24||11.2¢/kWh|
|Gexa||Gexa Eco Saver Plus 24||11.1¢/kWh|
|4Change Energy||Maxx Saver Select 24||11.1¢/kWh|
|Cirro Energy||Smart Simple 12||15.6¢/kWh|
|Trieagle||Sure Value 36||13.9¢/kWh|
|Direct Energy||Autopay Texas 12||16.3¢/kWh|
|Green Mountain Energy||Pollution Free e-Plus||17.4¢/kWh|
|TXU||Clear Deal 12||13.9¢/kWh|
|4Change Energy||Maxx Saver Select 12||11.1¢/kWh|
|Gexa||Gexa Eco Saver Lite 12||19.1¢/kWh|
|Express Energy||Flash 24||11.1¢/kWh|
|Veteran Energy||Veteran Energy Valor 36||15.1¢/kWh|
|Reliant||Reliant Power On 12||19.9¢/kWh|
|Payless Power||Rate Lock 12||18.3¢/kWh|
For a more detailed realtime rate comparison enter your zip code at the top of the page. Our rate comparison tool lets you see all providers and rates. You can filter by term length, usage level, green energy plans, no deposit plans and get you them most up to date pricing. The rates listed above are for the 1,000 kWh usage level. More Information on any of these plans >>>
Texas electricity producers sell the power they produce wholesale in the grid. Retail electricity providers then buy this power and resell it to their customers. Their profit margins can be quite slim.
If a customer fails to pay their electric bill the provider has just lost the cost of the electricity they provided. Companies perform credit checks as a to reduce risks. If they feel that someone is a greater risk of default, they will as for a deposit to protect themselves from lose.
How Are Richardson Electricity Rates Set?
Electricity rates in Richardson are mostly the result of a rate formula rather than a straight rate for each kWh. This means that even “fixed rate” electricity plans have rates that can be different from one month to the next depending on how much power you use for the month. To understand how this can be, you have to do a little math.
Here is an example of the pricing structure of a real electricity plan recently offered by one of the many Richardson, TX electric companies. It’s typical of the type of plans sold in Texas.
These are the fees listed in the plan’s EFL disclosure document.
- Energy Charge = $0.0486 per kWh
- Monthly Service Fee = $9.95 per month (per billing cycle for usage less than 1000 kWh)
- TDU Delivery Charge = $5.47 per month
- TDU Delivery Charge = $0.040716 per kWh
Let’s apply this rate formula to the typical usage pattern of a Richardson electricity consumer who averages 1200 kWh per month. Summers in Texas are hot which means the A/C is on almost all the time. Springs and falls are mild, and winters are highly unpredictable.
This means that the typical 1200 kWh per month customer can use as much as 1800 kWh in August and as little as 800 in April. December could go either way.
With this plan, if you use 800 kWh in April your electricity bill will be $86.87 and your average electricity rate will be 10.9¢.
In August, if you use 1800 kWh, your total bill will be $166.24 which results in an average electricity rate of 9.2¢.
There Is More to Richardson, Texas Than Cheap Electricity Plans
Richardson, a suburb of Dallas, is a big deal in the telecommunications industry: some of the world’s largest telecommunications companies are in operation within the city. These include, AT&T, DirectTV, Verizon, Cisco Systems, Samsung, and ZTE to name a few.
The population according to recent estimates is about 117,000 total with a population density of about 4,088 people per square mile. Unemployment is below average in the area, the cost of living is much higher than the rest of the country, but also, the median household income is above average, so the cost/expense ratio evens out.
Some companies have corporate headquarters within the city: MetroPCS, Lennox International, Wingstop Restaurants, BlueCross BlueShield of Texas, RealPage, and VCE are some of the major companies. And the biggest employers within the city are State Farm Insurance, AT&T Inc., BlueCross BlueShield of Texas, The University of Texas at Dallas, Geico, and Raytheon and many more.
The most common industries according to recent data is in Retail Trade, Scientific and Technical Services, Manufacturing, Construction, and Finance.
Comedians Jeff Dunham and Bill Engvall grew up in Dallas (and by extension nearby Richardson), as well as Jessica and Ashlee Simpson, who in their own words, grew up in Dallas.
Save Money On Your Electricity Bill
Living in Richardson means you can’t get by without your home’s air conditioning system. With high temperatures in the summer reaching into the 100’s, and spring and fall in the 80’s to 90’s, having a properly functioning a/c unit is a critical.
Of course, running the air conditioning units does run up your electric bill. As anybody living in Richardson knows, higher outside temperatures mean running the a/c units for longer periods of time to cool down your home. This inevitably leads to higher electricity bills.
Although you can’t go without the a/c units, there are some things you can do to help the compressors work more efficiently. The more efficiently they operate, the less energy they will use. Less energy use translates to the lower electric bills.
The best way to get your air conditioners more energy efficient is to routinely rinse off the condenser coils with your garden hose. It takes just minutes and the energy savings are immediate.
Take a look at this educational video for a step by step guide to properly cleaning the coils.
Oncor Electric Is the Richardson Utility Company
TXU/Oncor Contact Information:
For power outages in Richardson Texas, please call Oncor at 1-888-313-4747. To have underground lines located prior to digging in Richardson Texas, call 1-800-344-8377. To view Richardson Texas outage maps, click here.
Smart Meter Information:
For information on the smart meter program in Richardson Texas, click here.