Electricity Rates in Richmond TX

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Available Electricity Companies Richmond TX

  1. 9 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1347
    per kWh
    At 1000 kWh
    $0.1391
    PER kWh
    At 500 kWh
    $0.1325
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Simply Select 9
    Term: 9 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Rhythm
    Early Termination Fee: $10.00 Months Remaining
    Plan Description:

    Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!

  2. 16 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1458
    per kWh
    At 1000 kWh
    $0.1502
    PER kWh
    At 500 kWh
    $0.1436
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Simply Select 16
    Term: 16 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Rhythm
    Early Termination Fee: $10.00 Months Remaining
    Plan Description:

    Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!

  3. 18 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1480
    per kWh
    At 1000 kWh
    $0.1570
    PER kWh
    At 500 kWh
    $0.1430
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: The Gruene 18
    Term: 18 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Energy Texas
    Early Termination Fee: $275.00
    Plan Description:

    Lock in a great fixed rate for 18 months with our Gruene 18.. Giddy Up Guaranteed!

  4. 16 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1489
    per kWh
    At 1000 kWh
    $0.1533
    PER kWh
    At 500 kWh
    $0.1467
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Simply Select 16
    Term: 16 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Rhythm
    Early Termination Fee: $10.00 Months Remaining
    Plan Description:

    Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!

  5. 36 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1490
    per kWh
    At 1000 kWh
    $0.1580
    PER kWh
    At 500 kWh
    $0.1440
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: 36 Inflation Fix
    Term: 36 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Energy Texas
    Early Termination Fee: $500.00
    Plan Description:

    Protect yourself against inflation and lock in your rate for 3 years with our most competitive pricing.. Giddy Up Guaranteed!

  6. 12 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1500
    per kWh
    At 1000 kWh
    $0.1590
    PER kWh
    At 500 kWh
    $0.1450
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Come & Take It 12
    Term: 12 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Energy Texas
    Early Termination Fee: $250.00
    Plan Description:

    Lock in a great rate for a year with our Come and Take it 12. Giddy Up Guaranteed!

  7. 24 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1506
    per kWh
    At 1000 kWh
    $0.1550
    PER kWh
    At 500 kWh
    $0.1484
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Simply Select 24
    Term: 24 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Rhythm
    Early Termination Fee: $10.00 Months Remaining
    Plan Description:

    Lock in a 100% renewable plan at a great fixed rate and enjoy the peace of mind that you’re doing your part for a cleaner energy future. Plus, no hidden fees ever, 7-day-a-week customer support and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!

  8. 24 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1510
    per kWh
    At 1000 kWh
    $0.1600
    PER kWh
    At 500 kWh
    $0.1460
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Bigger Than Texas 24
    Term: 24 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Energy Texas
    Early Termination Fee: $400.00
    Plan Description:

    Set it and forget it for 24 months with our Bigger Than Texas 24. Giddy Up Guaranteed!

  9. 12 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1522
    per kWh
    At 1000 kWh
    $0.1566
    PER kWh
    At 500 kWh
    $0.1500
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Simply Select 12
    Term: 12 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Rhythm
    Early Termination Fee: $10.00 Months Remaining
    Plan Description:

    Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!

  10. 24 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1525
    per kWh
    At 1000 kWh
    $0.1569
    PER kWh
    At 500 kWh
    $0.1503
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Simply Select 24
    Term: 24 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Rhythm
    Early Termination Fee: $10.00 Months Remaining
    Plan Description:

    Lock in a 100% renewable plan at a great fixed rate and enjoy the peace of mind that you’re doing your part for a cleaner energy future. Plus, no hidden fees ever, 7-day-a-week customer support and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!

  11. 12 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1540
    per kWh
    At 1000 kWh
    $0.1630
    PER kWh
    At 500 kWh
    $0.1490
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Clean & Green 12
    Term: 12 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Energy Texas
    Early Termination Fee: $250.00
    Plan Description:

    .

  12. 12 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1551
    per kWh
    At 1000 kWh
    $0.1595
    PER kWh
    At 500 kWh
    $0.1529
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Simply Select 12
    Term: 12 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Rhythm
    Early Termination Fee: $10.00 Months Remaining
    Plan Description:

    Mother Nature’s clean energy powers your plan. Not only will you get a fixed rate at a great price, but you’ll do your part in ensuring a greener planet. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!

  13. 36 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1567
    per kWh
    At 1000 kWh
    $0.1611
    PER kWh
    At 500 kWh
    $0.1545
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Simply Select 36
    Term: 36 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Rhythm
    Early Termination Fee: $10.00 Months Remaining
    Plan Description:

    Get our best-priced, 100%-renewable plan and feel great about what you’re paying and the impact you’re making for the long-term. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!

  14. 36 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1580
    per kWh
    At 1000 kWh
    $0.1624
    PER kWh
    At 500 kWh
    $0.1558
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Simply Select 36
    Term: 36 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Rhythm
    Early Termination Fee: $10.00 Months Remaining
    Plan Description:

    Get our best-priced, 100%-renewable plan and feel great about what you’re paying and the impact you’re making for the long-term. Plus, no hidden fees ever, 7-day-a-week customer support, and you can earn Rhythm Rewards Points that can be redeemed to reduce your energy bill!

  15. 24 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1742
    per kWh
    At 1000 kWh
    $0.1885
    PER kWh
    At 500 kWh
    $0.1670
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Two Months Free 24
    Term: 24 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Rhythm
    Early Termination Fee: $20.00 Months Remaining
    Plan Description:

    Know what's better than a new electricity plan? A new electricity plan that comes with two months of free electricity.

  16. 24 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1742
    per kWh
    At 1000 kWh
    $0.1885
    PER kWh
    At 500 kWh
    $0.1670
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Two Months Free 24
    Term: 24 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Rhythm
    Early Termination Fee: $20.00 Months Remaining
    Plan Description:

    Know what's better than a new electricity plan? A new electricity plan that comes with two months of free electricity.

  17. 1 months Fixed
    Utility: CenterPoint Electric (TX) View Plan Details
    $0.1750
    per kWh
    At 1000 kWh
    $0.1840
    PER kWh
    At 500 kWh
    $0.1700
    PER kWh
    At 2000 kWh
    SIGN UP
    Plan Name: Energy Texas Monthly
    Term: 1 Months Fixed
    Product: Electric
    Utility: CenterPoint Electric (TX)
    Supplier: Energy Texas
    Early Termination Fee: $0
    Plan Description:

    Receive a great rate for your first billing cycle! 100% Renewable Energy. After your first bill, price is subject to market rate.

Last updated: August 25, 2023

Paul Rhoads Head Shot

Author: Paul I. Rhoads, CEM, CEP


Paul is the Vice President of EnergyPricing.com. He has over a decade of experience in the energy industry, advising clients on how to get the best electricity rates and providers. In addition to his vast experience, Paul is a Certified Energy Manager (CEM) and Certified Energy Procurement Professional (CEP).

Compare Richmond TX Electric Companies and Find the Best Prices in 2023

Do you think you're paying more than required for electricity in Richmond? This article will provide you with a comprehensive guide that will assist you in finding the best electricity rates offered in Richmond. It will also aid you in comparing the different providers and plans. You can confidently switch to the most economical energy solution possible for powering your home or business. This way, you will have made an intelligent choice for your energy needs.



Short Summary

  • Richmond's deregulated energy market gives you the power to pick the perfect electricity plan for your needs.
  • Don't just make a quick decision - compare features, weigh factors & shop around on EnergyPricing.com.
  • Learn how to electrify your energy savings with some energy-saving tips!

Understanding Richmond's Deregulated Energy Market

As a deregulated energy market, residents of Richmond, TX have the option to choose their own electricity provider. However, this decision requires thorough research and comparison of rates, plans, and providers to ensure the best possible deal.

To properly analyze Richmond electricity rates, it's important to take note of the rate, contract length, and possible fees. Are you ready to learn more about Richmond's electricity prices? Let's get started!



Current Richmond Electric Rates

Many factors, like weather conditions, energy demand, regulatory factors, and competition among electricity providers, affect electric rates in Richmond. Below are the current average Richmond electricity rates offered by retail electricity providers. To access the latest rates, enter your zip code to get started.

  • 12-Month Fixed Rate of $0.1527 per kWh
  • 24-Month Fixed Rate of $0.1492 per kWh
  • 36-Month Fixed Rate of $0.1497 per kWh

Source: This data is based on the average fixed-rate Centerpoint Energy residential plans (per 1,000 kWh) offered by Retail Electricity Providers as of August 25, 2023.

Compare Richmond Electricity Rates Today! ⇩

Future Richmond Electric Rate Predictions

While it's not possible to predict with complete accuracy, we can analyze the energy future market to get insight on future energy prices.

The Energy Future works like the stock market, where traders buy and sell energy contracts based on their predictions of future energy prices. It helps to understand the electricity market in Richmond, TX. Here is the latest chart for the energy future market in this area.

ERCOT Historical Electricity Prices in Richmond TX

Comparing Electric Companies in Richmond TX

When comparing energy companies in Richmond TX, you have many options. Currently, there are more than 100 energy companies registered with the Public Utility Commission of Texas. That's a lot of choices!

Luckily, EnergyPricing.com's easy-to-user interface makes comparing energy providers in Richmond TX as easy as one, two, three.



Step 1: Enter Your Zip Code
This will direct you to all our available electricity plans in Richmond TX.

Step 2: Compare Rates and Electric Providers in Richmond TX
This is the fun part. Our easy-to-use interface allows you to compare all the Richmond electricity providers effortlessly.

Step 3: Enroll Online
Once you find the perfect plan, you can enroll online in less than 2 minutes.


Do you want to see how it works in real time? Watch the video below.

Factors to Consider When Choosing an Electric Company in Richmond TX

If you're having trouble comparing energy providers in Richmond due to the many options available, don't worry. EnergyPricing.com can assist you with following the three steps mentioned earlier. During your comparison process, it's important to consider the factors listed below.


  1. Price - First and foremost, price is crucial when comparing Richmond energy companies. However, compare apples to apples when comparing providers’ rates. As we’ll learn later, some providers have promotional energy plans that may be misleading on price.

  2. Read Customer Reviews - To understand a company’s customer service, check out their reviews on Google. What are other customers saying about the service they’re getting? Look for red flags like poor communication, unresponsive customer service, and billing issues.

  3. Company Size - It’s also worth checking how many customers a company has. This could be an indication of their size and stability. A more significant customer base can mean more resources and better infrastructure to handle customer demands.

  4. How long have they been in Business? - Researching the history of a company can help you form an opinion on how reliable and trustworthy they are. You can find this information on their website or by reading reviews online. A company with a long history of providing reliable service is a good sign that they’re here to stay.

  5. Lastly, read the Contract - Don’t just quickly sign the electricity contract and hope for the best. Read the entire agreement carefully before committing yourself to any provider.

Top Richmond Energy Provider

To find the top Richmond Energy Provider, we can refer to the U.S. Energy Information Administration's report which ranks providers based on their customer count.

    1. TXU Energy Retail Co, LLC - 1,668,676 Customers
    2. Reliant Energy Retail Services- 1,440,089 Customers
    3. Direct Energy Services- 516,248 Customers
    4. Ambit Energy Holdings, LLC- 408,661 Customers
    5. Green Mountain Energy Company- 364,913 Customers
    6. US Retailers, LLC- 348,361 Customers
    7. NextEra Energy Services, LLC- 293,050 Customers
    8. Stream SPE, LTD- 241,597 Customers
    9. Just Energy- 236,182 Customers
    10. Constellation NewEnergy, Inc 218,526 Customers

Source: U.S. Energy Information Administration (EIA), 2021 Utility Bundled Sales to Ultimate Customers- Total

Richmond residents are not limited to only the electricity providers I mentioned above. As a matter of fact, some of the most competitive rates have been known to come from emerging energy suppliers who are willing to offer lower rates than the established electric companies. Please be assured that at EnergyPricing.com, we have conducted thorough research for you and only collaborate with reputable electricity providers.

Types of Electricity Plans in Richmond TX

If you're searching for the top energy plans in Richmond but feeling uncertain about which one to go for, here's some information on the most frequently provided types of plans and their advantages.


Fixed-Rates Plans

With a fixed-rate plan, your electricity rate is locked in for the duration of your contract. This means that you’ll pay the same rate for every kilowatt-hour (kWh) of electricity you use, regardless of fluctuations in the energy market. Fixed-rate plans are popular for those who want budget certainty and stability.

Variable-Rate Plans

Unlike a fixed-rate plan, a variable-rate plan (also known as Indexed Plan) can fluctuate with the energy market. This means your energy bill may be higher or lower depending on the current market conditions. A Variable-rate plan can be a good option for those who don’t mind occasional rate changes and prefer flexibility.

100% Green Energy Plans

If you prioritize environmentally friendly energy sources and don’t mind spending a little extra, a 100% Green Energy Plan is an excellent option. It’s worth noting that the electricity flowing through your power lines won’t typically be 100% Green Energy, even with this plan. Instead, most electric providers offset your property’s annual kWh usage by purchasing Renewable Energy Credits (RECs). These RECs are generally generated through solar or wind renewable energy sources.

Promotional Energy Plans

Promotional energy plans are popular among electricity consumers, as they offer lower rates or unique billing structures that can save customers money. Some of the most popular are free weekend plans or Monthly usage bill credit plans that provide credits for staying under a certain energy usage threshold. However, customers need to be cautious when choosing a promotional energy plan. It’s essential to thoroughly read the energy prover's Electricity Facts Label (EFL) to understand the price you will pay and any fine print details that may affect your overall cost.

Tips for Comparing Energy Plans in Richmond TX

Do you want to lower your electricity cost every month in Richmond, TX? No need to worry, these tips can assist you in finding the best electricity plan.


  1. Look at the plan's Electricity Facts Label: In Richmond TX, every residential electricity plan has to have an Electricity Facts Label (EFL). Think of it as a nutrition label found on many food products. This EFL will contain essential information such as the plan’s average electricity rate per kWh, recurring charges, early termination fees, and contract length. Just remember to make an accurate apples-to-apples comparison and look at the EFL!

  2. Compare plans based on your actual kWh electricity usage range: It’s essential to compare electricity plans based on your particular kWh monthly energy usage. For instance, if you live in an apartment and use about 500 kWh every month, it doesn’t help to look at plans designed for 2,000 kWh. It’s important to consider how much electricity you use on average and choose a plan tailored to your specific energy needs. This becomes increasingly crucial when looking at promotional plans like Usage Bill Credits.

  3. Note any additional fees: It’s not just about the electricity rate when comparing electricity plans. It’s essential to look at the entire picture, including any additional costs associated with the plan. These can include monthly service fees, renewable energy surcharges, or other add-ons. It’s important to factor these fees into the equation when comparing plans.

  4. Consider 100% Green Plans: A 100% Green Energy Plan may be the perfect option for those who prioritize environmentally-friendly energy sources. While these green energy plans often cost slightly more than traditional plans, many customers find the added expense worthwhile.

  5. Factor in Contract Length: When choosing an electricity plan, it’s essential to consider the contract length. Fixed-rate plans typically have contract lengths ranging from 6 months to 3 years, while variable-rate plans may have no set contract period. Understanding any early termination fees associated with a plan is essential, as switching plans before the contract is up can result in penalties.

Saving Money on Your Electricity Bill in Richmond TX

You can reduce your Richmond electricity bill by changing providers, buying energy-saving appliances, and being mindful of your energy usage habits. Following these suggestions, along with understanding different providers and rates, can help you save money on your energy costs.


Switch Electricity Providers

Did you know that electricity companies typically try and increase their profit margin on renewals? It's a dirty secret in the industry that I want to expose to you. Simply remembering to shop around and switch electricity providers can save you a ton!


Invest in Energy Efficient Equipment

Consider buying energy-efficient appliances like LED light bulbs, refrigerators, washing machines, dishwashers, and programmable thermostats to save money on electricity bills. Additionally, remember to unplug electronic devices when not using them, use power strips to turn off multiple devices together, and install motion sensors or timers to switch off lights automatically when not required.


Smart Usage Habits

To reduce your bills, you can adopt smart usage habits. Some easy actions like turning off lights and electronics when not in use, sealing air leaks in your home, and using fans instead of air conditioning can help you lower your energy consumption and save money every month.

Moving to Richmond, Texas: What you Need to Know about Your Electric Bill

Are you planning to relocate to Richmond, TX? If so, it's worth noting that Richmond falls under a deregulated electricity market. This means you have the option to select and compare various electricity providers and plans in order to secure the most competitive rate available.

Below is everything you need to know about how to set up electricity service in Richmond.


Local Electric Utility Company in Richmond

Centerpoint Energy is the local electricity utility Company for the Richmond area. They supply electricity to homes and businesses and handle the upkeep of the electrical infrastructure. If you experience a power outage, it is recommended to contact Centerpoint Energy instead of your Retail Electricity Provider.


CenterPoint Electric Rates Richmond TX

Locate your ESID number

To set up your Energy service in Richmond, you need to give the energy provider your Electric Service identifier (ESI ID) number, which is a unique identifier for the electricity meter at your service address. If you don't know your ESID number, you can get it by contacting your local utility company or by using our ESID address lookup tool during the enrollment process on our website.



Retail Electricity Providers in Richmond TX

You can choose from different Retail Electricity Providers (REPs) in Richmond to set up your electric service. To get started, enter your zip code and select the REP you prefer. Then, inform them of your move-in date. The process will be straightforward.

Compare Richmond Electricity Rates Today! ⇩

Commercial Electric Rates in Spring, Texas

Are you a business owner in Richmond struggling with the time and effort it takes to price your electricity accounts? You can use EnergyPricing.com to simplify the process and avoid the need for multiple phone calls and meetings.

EnergyPricing.com is an easy-to-use platform that allows you to quickly and conveniently receive energy quotes from numerous Richmond electric companies. With our proprietary technology, you can easily get quotes from your computer or smartphone without any hassle. Our platform is user-friendly and straightforward to navigate. Join us today to experience the perks of EnergyPricing.com!

  1. Direct Access to Suppliers: Our easy-to-use interfaces let you submit your commercial electricity accounts directly to our network of Richmond electric companies. Just sit back and watch the bids come in!

  2. Transparent Pricing: At EnergyPricing.com, we believe in being 100% transparent with our pricing and will disclose how much providers compensate us. Due to our automated online pricing process, we can offer some of the lowest business electricity rates in the market.

  3. Expert Advice: Unsure of which plan or provider to go with? No problem! You will have access to an industry expert that can help you throughout the pricing process.

Ready to Start Pricing? Save Today!

Today we gained knowledge about the electricity rates specific to Richmond. We talked about energy deregulation, shared advice on comparing energy companies, and explored ways you can reduce your energy costs. Are you ready select your next energy plan? Just enter your zip code and start saving money on your bills today!

Compare Richmond Electricity Rates Today! ⇩

Frequently Asked Questions

As of August 25, 2023, Rhythm offers some of the cheapest electricity rates in Richmond. Remember, rates change daily, so you can always compare prices on EnergyPricing.com to find the best deals.


You can rely on Centerpoint Energy, your local utility company, for delivering and maintaining your electricity. If there's a power outage, just contact them to get you back up and running.


As of August 25, 2023, the current average 12-month Fixed Rate for residential customers in Richmond is $0.1527 per 1,000 kWh. Remember, rates are constantly changing, so be sure to shop around for the best rates on EnergyPricing.com.