Richardson electricity rates
Richardson electricity rates typically range from 10.5¢ to 22¢ per kilowatt-hour (kWh) for residential customers. Based on the past 12 months of our marketplace data, the average electricity rate in Richardson is 15.09¢ per kWh based on the typical usage of 1,000 kWh.
Electricity rates in Richardson can vary depending on a number of factors, including:
- Location: Transmission and distribution fees charged by local utility companies can vary by location. Enter your ZIP code to find accurate plans in your Richardson area.
- Usage: The amount of electricity you use each month can affect your rate. Most homes use between 500 and 2,500 kWh of electricity per month.
- Plan length: Plans can have a set length, such as six or 12 months.
Texas Electric Rates is here to help Texans on their path to energy choice. Enter your ZIP code to compare available electricity plans in your part of Richardson.
Shop Richardson electricity plans
Tips for finding cheap electricity rates in Richardson
In Texas, energy is deregulated. That means providers get clever with how they present rates to customers to try to show the lowest rate. You can shop with free sites like Texas Electric Rates to find the best rates and learn more about offers.
Our shopping tips:
- Shop for a fixed-rate plan: In most cases, fixed-rate plans are the best option for customers. Fixed-rate plans offer stability because your rate doesn’t change during the contract.
- Consider switching in late fall: Late fall is usually moderate in Richardson, which can lead to lower electricity rates.
- Check the plan details: Before signing up, read the plan’s Electricity Facts Label (EFL) to understand the price per kWh, renewable energy percentage, and early termination fees.
Top plan rates & features breakdown
In Richardson, your electricity utility provider is Oncor Electric Delivery. Below are some of the top plans available for residents with Oncor Electric Delivery.
Maxx Saver Select 24
Overview: This two-year fixed-rate plan offers a $100 bill credit if you use at least 1,000 kWh per month.
Early termination fee: $20 per month remaining on your contract
Features:
- Secure a fixed rate for 24 months
- $100 monthly bill credit when you use at least 1,000 kWh
- 60-day satisfaction guarantee
Electricity Facts Label (EFL): Access the Maxx Saver Select 24 EFL
Flash 12
Overview: Secure a fixed rate for 12 months and get a $100 bill credit when you use 1,000 kWh or more per month. This plan requires autopay.
Early termination fee: $20 per month remaining on your contract
Features:
- Fixed rate for one year
- $100 monthly bill credit when you use at least 1,000 kWh
- 60-day satisfaction guarantee
Electricity Facts Label (EFL): Access the Flash 12 EFL
Frontier Saver Plus 24
Overview: This plan offers a fixed rate for two years and a $100 bill credit each month you use at least 1,000 kWh.
Early termination fee: $295
Features:
- Fixed rate for 24 months
- $125 monthly bill credit when you use at least 1,000 kWh
- 60-day satisfaction guarantee
Electricity Facts Label (EFL): Access the Frontier Saver Plus 24 EFL
Richardson electricity providers
Currently, 4Change Energy and Express Energy are the electric providers with the lowest rates in Richardson.
To find the best rates, enter your ZIP code and use Texas Electric Rates’ free comparison tool.
Your electricity rate breakdown
Before choosing an energy plan, we recommend learning the key terms that will appear on your monthly utility bill. These details can help you pick the best plan for your usage and needs. If you have questions about your options, call the number on this page and one of our energy experts can guide you through your choices.
What you need to know:
- Usage amount: This is how much energy you use, measured in kWh. Plans often have different rates depending on how much your usage is.
- Rate: Your electricity rate is based on a base charge (which is the same each month) and an energy charge (which varies depending on your usage).
- Delivery charge: Your utility company charges a monthly fee for delivering electricity to your home.
- Bill credit: If your plan includes a bill credit for surpassing a specified usage level, it will be outlined in the EFL and your monthly bill.
- Early termination fee: Providers normally charge an early termination fee (ETF) if you cancel your plan before your contract term ends. You won’t receive an ETF if you cancel because you’re moving to an area where your provider does not offer service.
- Deposit: Most energy providers require a deposit from customers with a low credit score. If you’d like to skip paying a deposit, you may qualify for no-deposit options in your area. Prepaid electricity plans are a common type of no-deposit plan. Enter your ZIP code and filter for “all credit approved” plans.
Let us help make energy easier
We created Texas Electric Rates to be a simpler, less confusing experience for Texans shopping for an energy plan. We know that plan options are overwhelming, so we’ve combined straightforward guides with a customizable marketplace to help you narrow down the options. We work with top providers across the state to give you access to the best selection possible in one place. Learn more:
