Waco Electricity Rates and Companies

Your power to choose electricity in Waco

In a traditional energy market, consumers are required to buy power from their utility company. But energy deregulation gives Waco residents and business owners the power to choose their electricity plan and provider. If you reside in Waco, you can easily find the best electricity rates for your energy needs.

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Average residential energy rate

The electricity rate you’ll pay in Waco depends on how much electricity you use, as most plans have a tiered pricing structure

• At the 500 kWh level, the average rate in Waco is 20.8 cents per kWh
• At the 1000 kWh level, the average rate in Waco is 13.3 cents per kWh
• At the 2000 kWh level, the average rate in Waco is 16.1 cents per kWh

Shop energy rates on our independent marketplace to easily find a competitive fall energy plan. Compare the best power companies and rates in Waco by entering your ZIP code on our marketplace. You can also call our experts to shop over the phone and sign up for a plan in minutes.

Explore our best energy providers

Having as many energy options as you do in a deregulated market can feel overwhelming. To help, we’ve highlighted a few of our most popular electricity providers across Texas. Some of the top energy providers on our marketplace include TXU Energy, Gexa Energy and 4Change Energy. Find out what these providers and more like them have to offer.

Shop these and numerous other energy providers by entering your ZIP code on our marketplace today.

Oncor Electric Delivery: Waco’s utility company

While you can choose your electricity provider in a deregulated market, your utility company is determined by your address and cannot be changed. Utilities deliver electricity, maintain power lines, and restore electricity during power outages. The utility company for Waco is Oncor Electric Delivery. In the event of a power outage or electrical emergency, call your utility company, not your provider. Here’s how to contact Oncor:

• Call 1-888-313-4747
• Text “OUT” to 66267
• Report an outage online

All utility companies charge a transmission and distribution utility (TDU) charge for delivering electricity. This charge includes a base monthly charge and a usage charge per kilowatt-hour (kWh). Oncor Electric Delivery charges $4.23/month and 5.6032 cents/kWh.

Types of Waco electric plans

Understanding the different types of energy plans can help you pick the right electricity company in Waco. Here are the three main types of electricity plans in Waco:

• Fixed-rate plans: With this type of electricity plan, you secure a steady rate for a set period — typically between 12 and 36 months — and your rate won’t change for the length of your contract. However, you’ll likely have to pay an early termination fee (ETF) if you end your contract early.
• Variable-rate plans: With a variable-rate electricity plan, your rate fluctuates with the energy market, making it a risky investment. The advantage is that you can change plans anytime without penalty.
• No-deposit plans: If you’d like to avoid an initial deposit, you can opt for a no-deposit plan. There are certain requirements to qualify for a no-deposit plan, such as past payment history or a high credit score. Keep in mind that these are only available from certain electric companies in Waco, such as Payless Power. A prepaid plan is a type of no-deposit plan that lets you skip the credit check and pay for your power upfront. Your provider will let you know when your account runs low so you can top up.
• Time-of-use plans: A time-of-use (TOU) plan contains rates that fluctuate based on electricity demand. During times of low demand, such as late at night, you can enjoy a decreased rate. However, your rate may increase during peak hours, like mornings and afternoons. This plan could be advantageous if you are comfortable shifting your usage to capture lower rates during off-peak hours.
• Same-day electricity plans: If you need electric service immediately, consider a same-day electricity plan. After you sign up, your energy provider will work with your utility company to set up your service that day.

Understanding Waco electric rates

Electricity rates in Waco can vary based on the utility serving your area. That’s why the price you pay in Waco might differ from someone in another part of Texas, even for the same plan. Enter your ZIP code on this page to find a list of the Waco light companies and rates available in your area. From there, you can filter for your preferences, choose the best plan for your energy needs, and sign up in minutes.

Commercial energy

Business owners can also take advantage of deregulated energy and may reduce costs by switching Waco electricity providers. To learn more about commercial electricity rates and get a customized quote, call the number on your screen or fill out our business energy form.

Green energy plans in Waco

Texas is one of the top states in the nation for wind and solar energy generation, which makes it easy for Waco residents to find renewable energy plans.

In fact, each Texas electricity plan includes some amount of green energy. To learn how much green energy is in your energy plan, check out the Electricity Facts Label (EFL), which breaks down all of your plan’s details.

Eco-conscious residents and business owners can also choose an energy plan powered by 100% renewable energy. If you want to minimize your carbon footprint, check out plans from fully green Waco energy providers like Green Mountain Energy and Gexa Energy.

How to switch energy companies

Waco’s deregulated energy market allows you to switch providers when you move to a new area or find a better deal. Whether you’re a long-time resident or new to the area, you can use Choose Texas Power to compare electric rates in Waco and find an energy plan for your home. Start by entering your ZIP code, comparing your options, and signing up for an energy plan. Once enrolled, your new provider will handle the transition without a power interruption.

Moving to a new address

If you’re moving to Waco, check with your current provider before your move to learn if they service your new address. If not, you’ll need to sign up for a new plan. Choose Texas Power makes it easy to sign up for an electricity plan at your new address. Enter your ZIP code on our free marketplace to start shopping.

Alternatively, if your provider offers service in your new location, you can bring your plan with you. Inform your provider of your move ahead of time to ensure service will be ready in your new home.

Switching energy providers

Whether you don’t like your current plan or want to find cheaper electricity in Waco, switching energy providers is a simple way to find the right fit. If you have a fixed-rate plan, you may have to pay an ETF for switching before your contract is up. You can use our marketplace to compare rates and features that best fit your needs. Once you sign up for a new plan, your new provider will handle the switch with your utility company without interrupting your service.

Waco energy FAQs

Which provider has the cheapest electricity rates in Waco?

The lowest electricity prices in Waco at the time of writing are from Frontier Utilities. Keep in mind that your rates depend on your energy usage and the type of plan you choose. You can use the sort and filter options to find the lowest price for a plan that fits your energy needs.

Where can I compare Waco electricity rates?

Choose Texas Power offers a one-stop shop for comparing Waco electricity rates and switching plans in one simple process. Enter your ZIP code on this page to get started.

What is the average electric bill in Waco?

The average Waco resident pays about $171 per month for their electricity based on recent Choose Texas Power data. Your typical bill in Waco will depend on your electricity rate, along with your home’s energy efficiency and your usage habits.

What is the best energy provider in Waco?

There are many trusted light companies in Waco. To find a provider that meets your needs, you’ll first want to identify your energy priorities. Do you prefer predictable fixed rates or the flexibility to change plans when you want? Do you want to minimize your carbon footprint? Would you like to avoid a credit check? Consider these questions to help you filter your search results and find the right match.