As you shop for the best electricity rates in Richardson, you’ll find different types of energy plans on our marketplace. Below are the energy plan types that you’ll encounter while searching for the right plan.
A fixed-rate plan secure your electricity rate for the length of your contract — usually for 12, 24, or 36 months. This type of plan gives you stability in your budget with a predictable energy rate. If you need to switch providers during your contract, however, you may need to pay an early termination fee (ETF). If you’re moving, you won’t need to pay an ETF if you provide proof.
In a variable-rate plan, your monthly energy rate adjusts with the wholesale energy price. This means your monthly rate will vary, leading to savings in some months and spikes in other months. Though you won’t have stability in your monthly electricity bills, you can switch providers without charge because there is no contract.
Prepaid & no-deposit plans
Most providers run a credit check before starting service. If your credit score doesn’t meet specific requirements, you might have to pay an upfront deposit. To avoid this deposit, you can choose a no-deposit plan. A common no-deposit plan is a prepaid plan, which allows you to pay for your energy as you go. Your provider will notify you if your balance runs low.
Enter your ZIP code to explore plans from the best electric companies near you.
Richardson green energy
Texas is a leader in renewable energy generation. The state ranks first for wind energy and second in the nation for solar energy. As a Richardson resident, you can choose renewable energy plans powered by either wind or solar energy.
All Texas electricity plans contain some renewable energy. You can find the exact percentage on the Electricity Facts Label (EFL). Once you find a plan you like, click on its details to learn more. The Choose Energy Marketplace also has providers that offer 100% green energy plans, including Gexa Energy.
Enter your ZIP code and select the green energy filter to find Richardson’s green energy rates.
Richardson energy for business
Richardson businesses can also choose their energy providers, thanks to deregulation. The Choose Energy marketplace helps by providing customized energy solutions for your company. Start by calling the number on your screen or filling out our business energy form.