Waco Electricity Rates and Companies

Our recommended Waco energy plans

Fixed-rate plans are usually the best electricity plans in Waco for most residents. This plan type provides a stable energy rate throughout your contract. Many popular fixed-rate plans include bill credits, which can significantly lower your electricity bill when your monthly usage surpasses the plan’s threshold. Understanding your typical electricity usage will help you identify plans with the best savings opportunities and predictable bills.

Here are a few popular, trusted Waco electricity plans to consider:

Most popular plan: Express Flash Value 12

The Express Flash Value 12 is a solid, affordable option for many Waco residents. The plan includes a $125 bill credit each month you use at least 1,000 kWh — allowing you to save a significant chunk on your bill. For households that regularly surpass 1,000 kWh, the Flash Value 12 plan can help lower your overall energy costs and lock in a competitive rate. Express Energy also offers a solid 60-day satisfaction guarantee if the plan is not a good fit.

Best for large homes: TXU Smart Saver 1,000 12

Higher-usage households can reap the benefits of TXU Energy’s Smart Saver 1,000 12 plan this summer. Lock in a steady electric rate for one year, and benefit from a $100 bill credit each month you use over 1,000 kWh. You’ll also receive an additional $25 monthly bill credit all summer long for hitting this usage level. Enroll with TXU and enjoy top-rated customer service as summer prices peak.

Best for small homes: Gexa Eco Saver Lite 12

For customers with smaller homes or lower usage in general, Gexa Energy’s Eco Saver Lite 12 plan is a solid choice. Benefit from a $50 bill credit each month you use more than 500 kWh. With a lower bill credit threshold than most fixed-rate plans, the Eco Saver Lite lets you secure predictable, affordable bills during the volatile summer market. It’s also 100% renewable, helping you reduce your carbon footprint while keeping your bills low.

The best electricity plan for your home will depend on your preferred contract length, typical monthly kWh usage, and whether you consistently qualify for any bill credits. Want to narrow down your search and match only with plans that fit your needs? Use our rate finder tool to discover the best plans for you today.

Average residential energy rate

Most electricity rates in Waco range from 6.9 to 22¢/kWh.

The electricity rate you’ll pay in Waco depends on how much electricity you use, as most plans have a tiered pricing structure. Explore Waco’s average price per kWh for each usage level on our marketplace:

• At the 500 kWh level, the average rate in Waco is 19.6 cents per kWh
• At the 1000 kWh level, the average rate in Waco is 11.5 cents per kWh
• At the 2000 kWh level, the average rate in Waco is 14.5 cents per kWh

Electricity rates can also vary based on factors like local taxes and utility delivery fees, which vary based on where you live. Even if you have the same plan as someone else nearby, you might pay a different rate because of these fees.

Compare the best power companies and rates in Waco by entering your ZIP code on our independent marketplace. You can shop energy rates specific to your area online or call our experts to shop over the phone and sign up for a competitive summer energy plan in minutes.

Explore our best energy providers

Some of the most popular energy providers on our marketplace include TXU Energy, Gexa Energy, and 4Change Energy. 

Having as many energy options as you do in a deregulated market can feel overwhelming. To help, we’ve put together a thorough rating system to help simplify your shopping experience. We evaluate providers by their customer service, online accessibility, and plan options, considering factors like what real customers say on Google and Trustpilot, how easy it is to manage your account and pay bills, and more.

We’ve highlighted key details about each provider on our marketplace. Learn more about what they have to offer.

Provider	Which company is best for me?	Our rating	Our top-recommended plan
TXU Energy	Best overall	5/5	Smart Edge
4Change Energy	Best for local community involvement	5/5	Maxx Saver Value
Express Energy	Best for attentive customer service	5/5	Flash Value
Veteran Energy	Best for mission-driven energy	5/5	Valor
Gexa Energy	Best for affordable green electricity	5/5	Eco Saver Plus
TriEagle Energy	Best for transparent, fixed rates	4.9/5	Real Deal
Frontier Utilities	Best for online accessibility	4.8/5	Frontier Saver Plus
APG&E Energy	Best for customers on a tight budget	4.8/5	SimpleSaver

Other top Texas energy providers on our marketplace include:

• Atlantex Power
• Rhythm Energy
• Green Mountain Energy
• Reliant Energy
• Direct Energy
• Octopus Energy
• Discount Power
• Cirro Energy
• Payless Power
• Constellation Energy

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

The current lowest electricity rate available in Waco is 6.9 cents per kWh from APG&E.

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.

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

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 5.6183 ¢/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.

Commercial energy

Business owners can also take advantage of deregulated energy and may reduce costs by switching Waco electricity providers. Choose Texas Power offers two options for setting up electricity for your business: give us a call to speak with a dedicated business energy consultant or visit PowerHQ.com to browse multiple commercial energy plans.

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 APG&E. 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.