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. This allows you to find the best provider and plan for your individual needs.

ChooseTexasPower.org is not affiliated with Power to Choose, powertochoose.org, or the PUCT.

Average residential rate in Waco, Texas

In Waco, the average rate on the Choose Texas Power marketplace for 500 kWh in 2025 is 21.3 cents per kilowatt-hour (kWh), marking a 2.6% increase from 2024. The rates for the 1,000 kWh and 2,000 kWh usage levels are 14.5 cents and 16.7 cents, respectively, which are 3.6% and 1.1% lower compared to the average rates in 2024.

Best Waco electricity providers

Thanks to energy deregulation in Texas, Waco residents can choose their own electricity provider from a variety of competitive options. Some of the best electric companies in Waco include:

• TXU Energy: Known for its high-quality customer service, TXU Energy has more than a dozen plans available in Waco, with a variety of term lengths and perks.
• 4Change Energy: This Dallas-based provider offers some of the cheapest Waco electricity rates.
• Direct Energy: This company offers a variety of fixed-rate plans and will waive the usage charge if you use a certain amount of energy each month.
• TriEagle Energy: Headquartered in Irving, TriEagle Energy’s plans include bill credits and straightforward rates.

Oncor Electric Delivery is Waco’s utility

While you can choose your Waco electricity company, you’re assigned a utility company based on your ZIP code. Your utility company delivers your electricity, maintains electrical lines, and restores power during an outage. If you experience a power outage, you should contact your utility, not your electricity provider.

In Waco, your utility is Oncor Electric Delivery. You can notify Oncor of an outage in a few ways:

• Call 1-888-313-4747
• Text OUT to 66267
• Use the online outage reporting system

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 available to Waco residents:

• 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. It could increase in certain months and go down in others. 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.
• Prepaid plans: 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.
• 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

The price you pay for electricity depends on where you live and which utility services your area. Because of varying supply and delivery charges, the rate someone pays in another part of Texas might differ from what you pay in Waco, even if you have the same plan. For this reason, it’s best to search for electricity plans using your ZIP code to find the most up-to-date pricing for your area.

Our marketplace makes searching for the best electric company near you easy. 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.

Waco commercial energy

Business owners can also take advantage of deregulated energy and may reduce costs by switching 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 the fine print.

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.

Moving or switching providers in Waco

Waco’s deregulated energy market gives you a chance to save on your electricity bills. 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.

Moving to a new address

If you’re moving to Waco, check with your current provider a few weeks before your move to see 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, just enter your ZIP code on this page to get started.

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 if you’re 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 with no interruption to your service.

Waco energy FAQs

Which provider has the cheapest electricity rates in Waco?

Currently, Frontier Utilities and Gexa Energy are the cheapest electric companies in Waco, but Discount Power, and Cirro Energy also have some of the city’s lowest rates. Keep in mind that your rates depend on your energy usage and the type of plan you choose.

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?

Currently, the average Texas resident pays $168 per month for their electricity. 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.