Electric Choice in Richardson
What is Richardson Electric Choice?
Electric Choice is the power given to Richardson residents to choose their own electricity company. About 75% of the state of Texas has the power to choose their electric company, including Richardson. Before residents of Richardson where given choice in electricity, a single electricity provider controlled/managed the transmission, distribution and sale of electricity to residential and commercial locations. The deregulation of Richardson electricity became effective in January 1, 2002 with the passing of the Senate Bill SB7, offering Richardson residents the ability to shop and compare electricity providers in their area to find the best deals and service.
History of Deregulation in the Richardson Electric Market
Before the Texas Senate Bill 7 (SB7) was passed on January 1, 2002 electricity consumers in Richardson didn?t have the option to choose who they received electricity from. But now with the Deregulation of Texas Energy, it has broken down the market into several different electric companies, helping create competition and lower electricity rates for consumers throughout Texas. Over 75% of Texas has been given the power to choose their own electric provider, and millions of Richardson residents have already exercised their right to choose.
If you would like to learn more about Texas electric choice, visit the Bounce Energy Education Center.
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