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

Click here to compare Richmond electricity rates

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 Company	Plan Name	Electricity Rate
Frontier Utilities	Frontier Saver Plus 24	11.3¢/kWh
BKV Energy	The Lantana 15	15.0¢/kWh
Gexa	Eco Saver Plus 24	11.3¢/kWh
4Change Energy	Maxx Saver Select 24	11.3¢/kWh
Cirro Energy	Smart Simple 12	17.1¢/kWh
Trieagle	Sure Value 36	12.5¢/kWh
Direct Energy	Autopay Texas 12	16.7¢/kWh
Veteran Energy	Veteran Energy Valor 36	12.4¢/kWh
TXU	Clear Deal 12	14.9¢/kWh
4Change Energy	Maxx Saver Select 12	12.1¢/kWh
Gexa	Eco Saver Lite 12	20.5¢/kWh
Express Energy	Flash 24	12.1¢/kWh
Green Mountain Energy	Pollution Free e-Plus	17.8¢/kWh
Reliant	Power on 12	17.9¢/kWh
Ambit Energy	Lone Star Classic 12	19.5¢/kWh
Payless Power	Rate Lock 6	18.9¢/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 >>>

Click here to compare Richmond electricity rates

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.

Click here to compare Richmond electricity rates

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.