The Blue Cross and Blue Shield of Texas headquarters building in Richardson Texas, a major hub in the Oncor TDU deregulated electricity market

Richardson Electricity Rates

Edited by Rafael Morales
Last updated:

The cheapest True Fixed electricity rate in Richardson today for a 12 to 23 month term is 11.3¢/kWh at 1,000 kWh, from True Power. Across the 56 True Fixed plans in that range we track in Richardson, the average is 13.8¢/kWh. Both numbers account for the energy provider’s charges and all TDU delivery and base charges, so they reflect what you actually pay.

That 11.3¢ is the floor for a real fixed rate in Richardson on a term of 12 months or longer. If you see a 12-month-or-longer plan advertised well below this rate, it is almost certainly a bill credit plan. Those rates only apply if your monthly usage lands inside a narrow window, usually right around 1,000 kWh. Over a year you will likely miss it in at least 4 months (overpaying $400 or more), using too little or too much. Clear Energy Facts does not recommend these plans.

Every plan listed here is True Fixed. If you are looking for a different plan type in Richardson, we track those separately: Best Free Nights plans, Best Free Weekends plans, and No-credit-check prepaid plans.

Our Recommendation

Our Recommendation
Swipe left or right to compare term lengths
12-23 Months
24-35 Months
36+ Months
Pic by Michael Barera under CC BY-SA 4.0

Best True Fixed Plans in Richardson

True Fixed Rate plans only, enter zipcode for full list and more details

Check details in your area
1st
True Power
Review Check Availability
True Value 12
PTC
Sep 13
12 months
500 KWH
11.8¢
1000 KWH
11.3¢
2000 KWH
11.1¢

Top concerns

⚠️ ⚠️ ⚠️ Risk of account being transferred

⚠️ ⚠️ ⚠️ Need to call for Autopay setup

⚠️ ⚠️ One of the highest cancellation fees

⚠️ ⚠️ High Complain Ratio. 1 on PUCT score

⚠️ 2% fee for payments outside AutoPay.

2nd
3rd
Express Energy
Review Check Availability
Express Energy Speedy 12SM
PTC
Sep 13
12 months
500 KWH
11.8¢
1000 KWH
11.4¢
2000 KWH
11.2¢

Top concerns

⚠️⚠️⚠️ One of the lowest ratings on Google Reviews

4th
Varsity Energy
Review Check Availability
HOMERUN 12
Company website
Sep 11
12 months
500 KWH
12.0¢
1000 KWH
11.6¢
2000 KWH
11.4¢

Top concerns

⚠️ ⚠️ ⚠️ Risk of account being transferred

5th
6th
Gexa Energy
Review Check Availability
Gexa Eco Choice 12
100% Renewable
PTC
Sep 13
12 months
500 KWH
12.1¢
1000 KWH
11.6¢
2000 KWH
11.4¢

Top concerns

⚠️ Common negative review: higher rates at renewal.

7th
Octopus Energy
Review Check Availability
Octo Simple 12
100% Renewable
PTC
Sep 13
12 months
500 KWH
12.0¢
1000 KWH
11.6¢
2000 KWH
11.4¢

Top concerns

⚠️ ⚠️ 2% Credit/debit card processing fee

8th
Energy Texas
Review Check Availability
No Bull 12 - 12 month plan
100% Renewable
PTC
Sep 13
12 months
500 KWH
11.6¢
1000 KWH
11.6¢
2000 KWH
11.7¢
9th
Rhythm
Review Check Availability
Digital Choice 12 - 12 month plan
100% Renewable
PTC
Sep 13
12 months
500 KWH
11.6¢
1000 KWH
11.6¢
2000 KWH
11.7¢
10th
Texans Choice Power
Review Check Availability
Choose 12
Company website
Sep 07
12 months
500 KWH
12.4¢
1000 KWH
12.0¢
2000 KWH
11.8¢

Top concerns

⚠️ Limited public review history: no active Google reviews profile

11th
Southern Federal
Review Check Availability
SoFed Digital Saver Plus - 12
Company website
Sep 11
12 months
500 KWH
12.7¢
1000 KWH
12.2¢
2000 KWH
12.0¢
12th
Varsity Energy
Review Check Availability
HOMERUN 16
Company website
Sep 11
16 months
500 KWH
12.6¢
1000 KWH
12.2¢
2000 KWH
12.0¢

Top concerns

⚠️ ⚠️ ⚠️ Risk of account being transferred

13th
14th
Atlantex Power
Review Check Availability
Luminous
Exclusive Offer
Sep 09
12 months
500 KWH
12.8¢
1000 KWH
12.4¢
2000 KWH
12.2¢

Top concerns

⚠️ Limited public review history: no active Google reviews profile

15th
Abundance Energy
Review Check Availability
Confident Renter 12
Company website
Sep 11
12 months
500 KWH
12.9¢
1000 KWH
12.5¢
2000 KWH
12.3¢

Top concerns

⚠️ Common negative review: long wait times on customer service calls.

16th
Abundance Energy
Review Check Availability
Fixed Rate – Straight Forward 12
Company website
Sep 11
12 months
500 KWH
13.5¢
1000 KWH
12.6¢
2000 KWH
12.2¢

Top concerns

⚠️ Common negative review: long wait times on customer service calls.

17th
Atlantex Power
Review Check Availability
Luminous Green
100% Renewable
Exclusive Offer
Sep 09
12 months
500 KWH
13.3¢
1000 KWH
12.9¢
2000 KWH
12.7¢

Top concerns

⚠️ Limited public review history: no active Google reviews profile

18th
19th
Cleansky Energy
Review Check Availability
Embrace Green 12 - Fixed Rate Product
100% Renewable
Company website
Sep 11
12 months
500 KWH
13.4¢
1000 KWH
13.0¢
2000 KWH
12.8¢
20th
Cleansky Energy
Review Check Availability
Affordable Wind 12 - Fixed Rate Product
100% Renewable
Company website
Sep 11
12 months
500 KWH
13.5¢
1000 KWH
13.1¢
2000 KWH
12.9¢

Showing the best available 500 / 1000 / 2000 kWh prices for the selected term range. Sources include PowerToChoose (“PTC”) and direct provider sites. We are not affiliated with PowerToChoose.org or the Public Utility Commission of Texas; these offers are shown for informational purposes only.

TDU Contact and Outage Information for Richardson

The main ZIP codes for Richardson are 75080, 75081, and 75082. Oncor delivers electricity to homes in Richardson and is also the company you should contact if you experience a power outage in your area.

Utility Service Contacts

ONCOR

Visit TDU Website Open Outage Map

Support Phone

888-313-4747

Richardson Housing & Heating Facts

Local housing and heating composition based on city profile inputs.

Median Year Built

1986

  • In Richardson, summer is hot, with August normal temperatures around 94.8°F for the average high and 74.5°F for the average low. Winter is much cooler, with January normal temperatures around 55.9°F for the average high and 35.8°F for the average low. 
  • For apartments, bill-credit plans are usually not a good idea. Many apartment renters will stay below 1,000 kWh during part of the year, especially in the milder spring and fall months, so they may miss the usage threshold needed to receive the credit. In most cases, a True Fixed plan is the safer option.
  • For houses, it depends more on your heating setup. If your home uses electric heating, your usage may stay more even through the year and you may be more likely to reach the 1,000 kWh threshold required by many bill-credit plans. But if you have a medium-size house around 2,000 square feet with gas heating, bill-credit plans are usually a weaker fit because winter usage may fall below that threshold. Missing the credit during lower-usage months can add up to hundreds of dollars over the year. We still recommend focusing on True Fixed plans. The table below gives you a better idea of how your bill may look across the year.

Source: U.S. Census Bureau. "Selected Housing Characteristics." American Community Survey, ACS 5-Year Estimates Data Profiles, Table DP04.

Heating Type Share

Electricity 53.1%
Gas 44.9%
Other 2.0%

Housing Mix Share

House 57.6%
Apartment 35.7%
Other 6.7%

What a typical Richardson home pays for electricity

Based on Richardson's housing profile, a medium house with electric heat is the most common setup in the city. Priced at the average of every 12 month True Fixed plan in Richardson, that runs about $1,879 a year, or roughly $157 a month, though the monthly figure swings with the season.

Use this as a reference point. If your usage is similar to the profile below and your bill is well above these numbers, you are probably overpaying.

Change the profile if yours is different.

Estimated yearly cost

$1,879

Sum of the four seasonal blocks

Average month

$157

Seasons swing above and below this

Season Usage Estimated Bill per month
Dec - Feb -- --
Mar - May -- --
Jun - Aug -- --
Sep - Nov -- --

The Real Cost of Gimmicky Bill-Credit Plans in Richardson

Bill-credit plans are often advertised as having some of the lowest rates on the market. However, their actual cost depends heavily on how much electricity you use each month and whether your usage qualifies for the bill credit. 

The table below provides average estimates based on different home and electricity-usage profiles. These figures are for informational purposes only, and your actual cost and potential overpayment may vary.

Use the filters to apply the plan’s actual charges and credits to different Richardson housing and heating profiles over 12 months.

Estimated yearly cost

$1,864

Average month

$155

True yearly rate

13.7¢

Total annual bill divided by annual usage

Season Usage (kWh) Energy + delivery Base cost Bill credit Estimated bill Effective rate
Dec - Feb 1,200 $225.52 $4.06 −$125.00 $104.59 8.7¢
Mar - May 850 $159.75 $4.06 $0.00 $163.81 19.3¢
Jun - Aug 1,600 $300.70 $4.06 −$125.00 $179.76 11.2¢
Sep - Nov 900 $169.15 $4.06 $0.00 $173.21 19.3¢

Top 5 Reviewed Electricity Companies in Richardson

Highest review scores among True Fixed providers currently listed for Richardson.

Rank #1 Score 4.59/5
Spark Energy

Spark Energy

★ ★ ★ ★ ★

From 10.2¢ @ 1000 kWh

2 eligible plans

Read Full Review
Rank #2 Score 4.53/5
Varsity Energy

Varsity Energy

★ ★ ★ ★ ★

From 11.6¢ @ 1000 kWh

2 eligible plans

Read Full Review
Rank #3 Score 4.29/5
Cleansky Energy

Cleansky Energy

★ ★ ★ ★ ★

From 12.6¢ @ 1000 kWh

6 eligible plans

Read Full Review
Rank #4 Score 4.24/5
Champion Energy

Champion Energy

★ ★ ★ ★ ★

From 13.4¢ @ 1000 kWh

4 eligible plans

Read Full Review
Rank #5 Score 4.23/5
Constellation

Constellation

★ ★ ★ ★ ★

From 10.9¢ @ 1000 kWh

2 eligible plans

Read Full Review

What Happens If You Cancel Your Electricity Contract Early in Richardson?

If you cancel your electricity contract before it expires, you will usually have to pay an early termination fee. In many cases, that fee is around $100 to $150 for a 12-month plan, and $200 or more for a 24-month plan or longer. The exact amount depends on your provider and the terms of your contract.

Even so, paying the cancellation fee can sometimes still be the better financial move. A lot of people in Texas, especially those who are not familiar with how the market works, end up paying far too much for electricity. If your current plan is costing you much more than the best plans available today, switching early may still save you money even after the cancellation fee.

For example, if you are overpaying by more than $500 over the remaining life of your contract, canceling may be worth it. In some cases, the savings can be much higher.

How do you know if canceling makes sense?
The only way to know for sure is to compare:
  •  your current plan 
  •  the early termination fee 
  •  the best plans currently available in Richardson 

We created a comparison tool only for that purpose. The full process is explained in this article:  Can You Save Money Switching Electricity Providers?

 
In that guide, we show you how to compare your current plan against the best options in the market. Our tool helps you estimate how much you would pay if you stay, how much you would pay if you switch, and whether you would actually save money after the cancellation fee.

Best Time of the Year to Shop for Electricity in Richardson

In Richardson, the best time to shop for electricity is usually during the spring and fall. Those months often have lower demand, which can lead to better rates. Still, this is not a hard rule. Prices can change based on local weather, fuel markets, grid conditions, and broader supply and demand trends.

Another thing to watch is contract length. In the past, shoppers mostly saw 12, 24, or 36-month plans. Now it is common to see terms like 9, 13, 18, or 20 months. That matters because the length of your contract affects when you will have to shop again, and renewing during a high-price season can cost more.

If you want to be more careful, try to choose a plan that keeps your renewal date away from the hottest summer months or the most volatile winter periods. For example, if one contract would make you renew in August and another would make you renew in May, the May renewal may put you in a better shopping window. Sources that track Texas electricity shopping patterns consistently point to spring and fall as the more favorable seasons, while summer and deep winter tend to be riskier.

Weather also matters. Major heat waves and winter storms can put pressure on the market and increase price volatility, so it is usually better not to wait until right before a major weather event to lock in a plan.

You can review our historical Texas electricity rates to see how prices have changed over time.

Frequently Asked Questions about Electricity Rates in Richardson

What is the best 12-month True Fixed rate in Richardson right now?

The Cheapest 12-month True Fixed plan right now in Richardson is True Power — True Value 12, with a rate of 11.3¢/kWh at 1000 kWh.

What is the average electricity bill in Richardson for a studio apartment (electric heating)?

Priced at the average of every 12 month True Fixed plan in Richardson, the estimated monthly bill for a studio apartment with electric heating is $72.79. That average includes the TDU delivery charges and assumes no provider base charge, so it works as a reference point: a similar home paying well above it is probably on an expensive plan.

What is the average electricity bill in Richardson for a medium house (electric heating)?

Priced at the average of every 12 month True Fixed plan in Richardson, the estimated monthly bill for a medium house with electric heating is $156.61. That average includes the TDU delivery charges and assumes no provider base charge, so it works as a reference point: a similar home paying well above it is probably on an expensive plan.

What is the average electricity bill in Richardson for a medium house (gas heating)?

Priced at the average of every 12 month True Fixed plan in Richardson, the estimated monthly bill for a medium house with gas heating is $144.88. That average includes the TDU delivery charges and assumes no provider base charge, so it works as a reference point: a similar home paying well above it is probably on an expensive plan.

How do I know if a plan I choose is a True Fixed plan in Richardson?

If you find a plan that looks good on another provider’s website, in an online ad, or even on Power to Choose, you can still use Clear Energy Facts to double-check it.

First, download or open the plan’s Electricity Facts Label (EFL). Then compare it using our EFL Inspector: EFL Inspector .

This tool helps you tell whether a plan is truly fixed, a bill-credit plan, a free nights/weekends offer, or something else.

Which TDU serves Richardson?

The primary TDU serving Richardson is ONCOR. This TDU owns and maintains local delivery poles and wires, and also manages outage restoration.

How do I confirm the correct TDU for my address in Richardson?

Check your current electricity bill or service paperwork for the delivery utility name. If you are moving, enter your ZIP code and address during enrollment to confirm the exact TDU.