Today’s cheapest Richmond electricity rates
The following table features the current Richmond electric rates for the 1,000 kilowatt-hour (kWh) usage tier. Your rate may vary depending on your household’s usage.
| Plan Name | Plan Length | Rate* |
|---|---|---|
| APG&E - SimpleSaver 14 | 14 months | $0.098/ kWh |
| Cirro - Simple Bill Credit 24 | 24 months | $0.099/ kWh |
| Frontier Utilities - Frontier Saver Plus 24 | 24 months | $0.099/ kWh |
| Gexa Energy - Gexa Eco Saver Plus 12 | 12 months | $0.099/ kWh |
| Discount Power - Bill Credit Bundle 24 | 24 months | $0.099/ kWh |
| 4Change Energy - Maxx Saver Value 12 | 12 months | $0.099/ kWh |
| Express Energy - Flash Value 12 | 12 months | $0.099/ kWh |
| Rhythm Energy - Rhythm Saver 12 | 12 months | $0.101/ kWh |
| Atlantex Power - Radiance1000 12 | 12 months | $0.127/ kWh |
| TXU Energy - Smart Edge 12 | 12 months | $0.139/ kWh |
| TriEagle Energy - Real Deal 36 | 36 months | $0.139/ kWh |
| Veteran Energy - Valor 12 | 12 months | $0.140/ kWh |
| Constellation - 12 Month Usage Bill Credit | 12 months | $0.144/ kWh |
| Reliant - Reliant Power Savings 12 plan | 12 months | $0.155/ kWh |
| Direct Energy - Live Brighter Lite 12 | 12 months | $0.159/ kWh |
| Green Mountain - Pollution Free Conserve 12 Preferred | 12 months | $0.179/ kWh |
| Payless Power - 6 Month - prepaid | 6 months | $0.182/ kWh |
Please note: All rates above are accurate as of 9/10/2025, 6:15:38 PM CDT for ZIP Code 77406. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
*All pricing shown in cents per kWh
Average Richmond electric rates
- The current average Richmond electricity rate is 12.62 cents per kilowatt-hour (kWh) on our marketplace based on 1,000 kWh usage. This rate is 17.14% lower than Texas’ average and 27.76% lower than the national average.
- The average Texas electricity rate is 15.23 cents per kWh, based on our latest marketplace data. This rate is about 13% lower than the U.S. average (17.47 cents per kWh).
- Based on this data and 1,000 kWh monthly usage, the average Richmond electric bill is currently $126.20.
- The commercial Texas electricity rate is 8.6 cents per kWh (around 37% lower than the national average).
How to choose your power in Richmond
Almost 85% of Texas households enjoy deregulated energy, including those in Richmond. This means that residents can pick their energy provider and plan from a variety of options. Independent marketplaces, like Choose Energy, help facilitate this process by partnering with local energy providers so you can review your options and sign up all in one place. Enter your ZIP code to get started today.
Choose Energy is not affiliated with Power to Choose, powertochoose.org, or the PUCT.
Richmond energy companies with the cheapest rates
One of the key benefits of energy deregulation is the ability to shop for low rates as providers compete to win your business. Some of the top energy providers available on our marketplace include:
- 4Change Energy offers low rates and donates 4% of its annual profits to local Texas charities.
- Gexa Energy is ideal for eco-conscious shoppers who want an affordable, 100% renewable energy plan.
- APG&E is a customer-favorite due to its cheap bill credit plans that can help you find extra savings.
- Frontier Utilities helps Texans lock in an affordable fixed-rate plan ranging from 12 to 36 months.
- Discount Power is excellent for one to two year contracts that tack on a bill credit reward when you meet the usage requirements.
Regardless of which power company you choose, your utility is pre-assigned based on your location. Utility companies deliver energy to all the homes and businesses within their service area, so you can’t select which one you use. Richmond falls under CenterPoint Energy’s jurisdiction. You should contact your utility company — not your electric provider — if you encounter a power outage or downed power line. Here’s how to get in contact with CenterPoint:
- Report a power outage online
- Call 1-713-207-2222
Factors to consider when choosing an electricity plan
Price isn’t the only thing you should consider when selecting your power plan. Deregulated energy plans come with a lot of features and variations to be aware of. Here are some important things to keep in mind:
Fixed vs. variable rates:
Most energy plans are broken down into two rate types: fixed and variable. Fixed-rate plans are the most stable because your rate stays the same for the duration of your contract. This is a great option if you want predictable energy bills and don’t mind signing a contract. Variable-rate plans offer flexibility because you aren’t locked into a contract. But they are more volatile since your rate can change each month depending on the wholesale energy market.
Plan length:
Most plans require you to sign a contract to secure your rate for a set amount of time, typically one to three years. But other plans are available, like month-to-month or six-month plans.
Same-day energy:
Plenty of providers offer same-day activation to get the lights on quickly. Review our same-day electricity guide to learn each provider’s cut-off times and requirements to get fast service.
Renewable energy options:
Texas is a pioneer of renewable energy, so there are a wide variety of renewable energy options for you to pick from. Filter for green energy on our marketplace to explore plans backed by wind and solar power.
Electricity Facts Label (EFL):
Every plan contains an Electricity Facts Label which outlines key details about your contact. Carefully read this document to ensure a plan is the right fit before signing up.
Your usage needs:
Energy plan rates are often broken down into usage tiers. It helps to know your average monthly usage to determine if a plan offers a good rate for your household’s needs. Check your past energy bills to find out how much you normally use.
Connect with a business energy agent
The benefits of deregulated energy don’t stop at homes; businesses can also enjoy greater control over their energy choice. Since business needs can be more complex, we take a more customized approach to commercial energy plans. Start an inquiry by filling out our business energy form with some details about your business, or give us a call at the number on your screen.
How to compare electricity rates with Choose Energy
Energy rates vary by location in Texas due to differing transmission rates from utility companies. To help you find accurate rates, we provide you with a list of plans in your area by using your ZIP code. Here’s how to use our marketplace to find plans in your area:
- Submit your ZIP code. We’ll give you a list of the available rates and plans in your area.
- Filter for your preferences Our marketplace automatically lists plans from lowest to highest price. But you can adjust the filters to find plans tailored to your preferences, like contract length, rate type, green energy, and more.
- Make your choice online or over the phone. Once you’ve found the right plan, you can sign up online or over the phone in minutes. Once complete, your new provider will handle setting up your service.
Moving to Richmond?
Depending on where you are moving from, you have a few options for energy in Richmond. If you are moving from another deregulated city, you can probably keep your energy plan if your provider also operates in Richmond. Contact your provider to learn if that’s an option. If your provider does not operate in Richmond, you’ll have to shop for a new energy plan. Enter your new Richmond ZIP code to get started.
Frequently asked questions about Richmond energy
Who has the cheapest electricity rates in Richmond?
APG&E currently offers the cheapest rate in Richmond at 9.8 cents per kWh. But there are several other energy providers, like Gexa Energy and 4Change Energy, that also offer affordable rates.
What is the best provider in Richmond?
Our energy experts rate every provider on our marketplace for customer service, plan variety, and online accessibility. 4Change Energy, TXU Energy, and Express Energy earned the highest scores based on those criteria. However, determining the best provider isn’t always that simple. The best provider depends on your needs and which company meets them best. We advise that you consider both our provider reviews and your top priorities to find the best match.
When is the best time to shop for a Richmond energy plan?
Energy rates tend to dip in fall and spring because the demand for energy lessens in the shoulder seasons. On the flip side, summer and winter can be more expensive because the weather requires greater electricity usage, which increases demand. Our experts recommend shopping for a new plan during these milder seasons to lock in the cheapest rates.
How can I lower my electricity bill?
Start by finding ways to cut down your electricity consumption. Some popular tactics include lowering your AC temperature, turning off lights when not in use, and decreasing hot water usage. You can also invest in some energy-efficient upgrades like a smart thermostat or LED lights. If these changes don’t reduce your bill enough, consider switching energy plans for a cheaper rate. Our marketplace can help facilitate this switch — just enter your ZIP code to find lower rates.