Richmond Electricity Providers and Rates

Here is what you need to know to compare electricity rates in Richmond Texas

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We’ve made it simple to compare electricity rates and providers.  Our team spends every day reviewing electric plans. We toss out the garbage plans and weed out “here today gone tomorrow” electric companies.  Since the early days of deregulation, we have helped over 1,000,000 Texans compare electricity providers and rates in Irving and all across the state.

Top Richmond Electricity Rates From Each Provider

Electric CompanyPlan NameElectricity Rate
Frontier UtilitiesFrontier Saver Plus 2411.3¢/kWh
BKV EnergyThe Lantana 1515.0¢/kWh
GexaEco Saver Plus 2411.3¢/kWh
4Change EnergyMaxx Saver Select 2411.3¢/kWh
Cirro EnergySmart Simple 1217.1¢/kWh
TrieagleSure Value 3612.5¢/kWh
Direct EnergyAutopay Texas 1216.7¢/kWh
Veteran EnergyVeteran Energy Valor 3612.4¢/kWh
TXUClear Deal 1214.9¢/kWh
4Change EnergyMaxx Saver Select 1212.1¢/kWh
GexaEco Saver Lite 1220.5¢/kWh
Express EnergyFlash 2412.1¢/kWh
Green Mountain EnergyPollution Free e-Plus17.8¢/kWh
ReliantPower on 1217.9¢/kWh
Ambit EnergyLone Star Classic 1219.5¢/kWh
Payless PowerRate Lock 618.9¢/kWh
Rates Updated March 10, 2024
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 >>>

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Electricity Rates in Richmond Are in Constant Flux

Electricity rates in Texas are constantly going up and down.   Because consumers have choice, providers compete to have the best rates.  That creates opportunity for the savvy shopper.  There is really no such thing as the cheapest electricity provider.  Today TXU may have the cheapest electricity rates in Richmond but tomorrow it may be Reliant or Gexa.  That is where we come in. Our unique comparison engine constantly monitors rates and plan changes for every city in Texas and presents them for you in an easy read format.

Featured Electricity Rates In Richmond, Texas

Compare the cheapest Richmond electricity providers and rates

Why Do Richmond Electric Companies Run Credit Checks?

The long and short of it is that electric companies in Richmond want to make sure they are going to be paid.  A credit check helps them understand the risk of default before enrolling someone.

Each company makes its own rules around credit requirements (although there are some PUC mandated rules that require deposit waivers in some cases). But if these requirements are not met, they will require a deposit.  The deposit amount differs from company to company and depends on the credit score and the historical electricity usage for the address that will be receiving service.

Electricity providers have to pay the power plant owners for the power they sell to consumers.  If someone doesn’t pay their electric bill, the electric company still has to pay the producers of the power they delivered to an address.

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Electricity Plans For Richmond Apartments

When shopping for electricity for your apartment, you have to be careful to look at the correct rates.  Most electricity plans are designed specifically for homes which use more electricity than apartments do.  Homes will usually use closer to 1000 kWh or 2000 kWh per billing cycle.

If you compare electricity plans based on the 2000 kWh rate, you will probably end up paying too much for electricity for your apartment.  Make sure that you select ‘Apartment (500 kWh)’ as your home size setting when you are shopping for plans here on Vault Electricity.

Since electricity plans in Texas are priced in such a variety of different ways, you will find that plans designed to have their lowest average rate at 2000 kWh often have a very high rate at 500 kWh.

Electricity plans that have a larger fixed price charge on the plan will have higher average all in rates when you use relatively less kWhs.

Richmond, Texas – Things You May Not Know

Richmond has a population of about 12,100 people. It is a part of Fort Bend County. On the map it lies 9 miles from Sugar Land and 26 miles from Houston. The population is mostly Hispanic (55%) with 25% Caucasian and 17% African American constituting the majority of the diversity within the city. Crime is below average in Richmond and the median household income is below the state average. The city was incorporated in 1837 and started off as one of 19 of the first cities started by the Republic of Texas. The establishment of Fort Bend was a key impetus for the eventual establishment of Richmond.

For things to do, Sugar Land is just a short drive away and thus the amenities and sights the city offers are always an option. A few of these are: the Houston Museum of Natural Science at Sugar Land and Constellation Field. You can also go to Fort Bend and check out their Fort Bend Museum for a slice of Texas history.

A huge chunk of the economy is driven by construction in Richmond; almost 32% of total industries in the city is centered on construction.

No Deposit Electricity In Richmond

It’s not easy to get a no deposit electricity plan if you have credit issues or if you are just starting out and haven’t built any credit.

Most companies check your credit when you try to get your electricity turned on.  If your credit score isn’t great, they will ask you for a deposit.  There are certain circumstances under which you could be exempt from having to pay a deposit, but few people qualify for these exemptions.

Electric companies set their own credit standards based on their own internal criteria.  If you can’t afford the deposit they demand, you could attempt to sign-up for another electric company.  If they have different credit standards, they may offer you an electricity plan with no upfront deposit or, at least, a smaller deposit.

Another popular option for no deposit electricity is a prepaid plan.  A prepaid electricity plan is exactly what it sounds like.  You put up a small amount of money up front (usually you can start with less than $50) and that money pays for your electricity for the first few days or however long the money lasts.  When your account balance begins to run low, you simply add more money.  For many people, this is a much better option that having hundreds of dollars tied up in a deposit.

What Do I Need to Enroll In New Electricity Service?

Whether you are moving into a new home or switching providers, the requirements are the same.  While most consumers today prefer online enrollment, you can also enroll over the phone if that is your preference.

You will need to provide the following information:

  • Name
  • Service Address
  • Billing Address (if different than billing address)
  • Previous Address
  • Social Security Number or Driver’s License Number
  • (Sometimes) Payment information
  • (Sometimes) Deposit
  • Requested service start date
  • Whether you are moving or switching providers

Each service address in Texas is identified by its own unique number sequence called an ESID.  The electric company can usually get this information when you provide your address.  Under certain circumstances, however, they may ask you to provide the ESID.  If that happens you can get your ESID off of a previous bill.

Richmond Utility Company

CenterPoint Contact Information:
For power outages in Richmond Texas, please call CenterPoint at 1-800-332-7143. To have underground lines located prior to digging in Richmond Texas, call 1-800-344-8377. To view a map of current CenterPoint power outages, click here.

Smart Meter Information: 
For information on the smart meter program in Richmond Texas, click here.

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