If you’ve recently moved to Richardson, Texas, one of the first things you’ll want to look for is a power company. Richardson, like most of the rest of Texas, has deregulated electricity, which means that you can choose your own provider. However, there are dozens of companies that supply electricity to Richardson, which makes it extremely difficult to choose the right one. This is especially true with the hassle and stress of moving!

If you simply don’t have time to research hundreds of electricity plans from dozens of companies, contact us at EnerGenie. Our goal is not only to make your life easier by choosing the best electricity plan in Richardson for you, but to save you money in the process. Even if you’ve been a resident of Richardson for your entire life, but are tired of overpaying on electricity, EnerGenie can help.

One of the reasons it’s tough to choose the right electricity plan in Richardson is because the rates are tricky. Let’s look at an example.

Let’s say that Allen has an electricity rate of 17 cents/kWh, Walter has a rate of 15 cents/kWh, and Lucy has a rate of 10 cents/kWh. From the naked eye, it would seem that Lucy has far and away the best rate of the three. However, because of how power plans are structured, this isn’t necessarily the case.

Most of the electricity plans in Richardson have what’s known as tiered rates. Essentially, this means that although the listed rate says 10 cents/kWh, that’s not always the rate that Lucy will pay. Tiered rates are structured so that you pay for electricity based on how much you use. If you look at the fine print in Lucy’s plan, it probably looks something like this.

As you can see, the only time that Lucy will actually pay 10 cents/kWh is if she uses a minimum of 2,000 kilowatt hours of electricity. Unless she has a large home with a big family, she likely won’t use more than 900 to 1,200, which means her rate is either 20 cents/kWh or 15 cents/kWh. Depending on how Walter and Allen’s plans are structured, they might actually pay less than Lucy.

As you can tell from the example above, power companies are a little tricky in how they structure their plans. Luckily, EnerGenie has the ability to see through these smoke screens into the actual details of the plan. No tiered rates or sneaky pricing schemes get by us when you allow us to choose your electricity plan for you.

There are over 150 REPs in Texas, and many of them supply power to Richardson. A few of the biggest of these companies include Pulse Power, Green Mountain Energy, and Gexa Energy.

Just as there are an abundance of electricity companies in Richardson, there are many different types of plans to choose from.

• Prepaid Plans

Prepaid plans are where you pay for electricity at the start of the month before you actually use it. This type of plan is great if you’re uncertain about how long you’re staying in Richardson or if you don’t pass a credit check.

• Flat Fee Plans

Flat fee plans are where you pay the same price every month regardless of how much electricity you use. If your flat fee is $150, you’ll pay that same amount if you use 500 kilowatt hours or 2,000 kilowatt hours.

• Fixed-Rate Plans

Fixed-rate plans are the most common and popular type of electricity plan in Richardson. These types of plans lock you into a fixed rate for a set amount of time determined by you when you sign up for the deal.

• Green Energy Plans

Green energy plans are where 100% of your electricity bill goes towards researching and creating renewable energy. Depending on where you live, the actual electricity you use won’t be green energy, but in some cases it is.