Compare Waco Electric Prices

Deregulated cities like Waco have utility companies and energy providers. The utility company is responsible for transmitting power to homes and businesses, maintaining power lines, and responding to power outages. Utility companies are based on where you live, so you can’t choose your own. In Waco, the utility is Oncor Electric Delivery.

On the other hand, energy providers, sometimes called electricity companies, sell electricity plans to residents and businesses. They manage customer billing and energy usage. Unlike a utility company, you’re free to choose your electricity provider in a deregulated market. With the Choose Energy marketplace, you can find and compare rates and electricity plans from Texas’ best providers, including 4Change Energy, Frontier Utilities, and TXU Energy.

Enter your ZIP code to find rates and plans from the best Waco electricity providers.

Power outages in Waco

If you’re experiencing a power outage in Waco, contact your utility company (Oncor Electric Delivery). You can reach Oncor by calling 1-888-313-4747 or reporting an outage online.

While traditional energy markets require you to purchase electricity from the local utility company, deregulated markets put the choice in your hands. The power to choose means that residents of Waco can select their providers and rates, increasing competition between companies and giving you the chance to secure better prices.   

When you’re exploring Waco electricity rates through Choose Energy, you may notice several different types of electricity plans, including fixed-rate, variable-rate, and prepaid plans. Here are some of the most common options.

Fixed-rate plans

If you choose a fixed-rate plan, you’ll pay a set electricity rate for the entire agreement. Fixed-rate plans are usually 12, 24, or 36 months. Your rate won’t increase even when demand is high. However, if you want to cancel before your contract ends, you may owe an early termination fee (ETF) of $50 to $250.

Variable-rate plans

In contrast, variable-rate plans don’t have a set rate or a contract. Instead, your electricity rate will change depending on the current wholesale cost of power. This is great when prices are low but riskier when demand and costs spike. Variable-rate plans don’t lock you into a contract, so you can switch providers anytime.

Prepaid and no-deposit plans

Before beginning service, it’s common for power companies to run a credit check on prospective customers. If your score doesn’t meet the provider’s requirements, you may need to pay a deposit.

However, a handful of energy providers offer no-deposit and prepaid plans, which allow you to prepay for energy, avoid a deposit, and top up your account as needed. Submit your ZIP on this page to find and compare Waco electric rates today.

Waco green energy

Texas is a powerhouse of green energy production, generating the most wind energy in the nation and ranking second for solar energy production. As a result, Waco residents and business owners can choose from a number of green energy plans for their homes or commercial operations.

In Texas, all electricity plans include some energy from renewable sources, but percentages vary. Some providers specialize in 100% green energy production. If you’re looking for a green energy provider in Waco, consider Gexa Energy.

To find eco-friendly electricity rates in your area, enter a ZIP code on this page and filter for green energy for current rates.

Waco energy for business

If you’re a business owner in Waco, you also have the option to choose your power company. Check out our business energy hub to learn about your options and get a customized commercial energy plan through Choose Energy.

When shopping for energy plans, it’s important to do a personalized search, as rates can vary even within the same city. Utility companies charge different amounts for transmitting power — known as utility transmission charges. That means the price you pay for power might differ from someone on the other side of the city, even if you have the same plan and provider. 

With the Choose Energy marketplace, you can narrow your search and focus only on electricity rates in your area. Enter your ZIP code on Choose Energy to find up-to-date providers, pricing, and plan availability for your location.

The Choose Energy marketplace makes it easy to discover the best electricity rates in Waco. Here’s how to get started, comparing, buying, and enjoying a new energy plan:

• Enter your ZIP code. We’ll use this information to show you accurate Waco electricity rates that you can sort and filter to find the perfect plan for your needs. 
• Sign up. Signing up with a new provider online only takes a few minutes. You can also call our energy experts to ask questions about providers in your area. They can help you sign up over the phone.
• Enjoy your plan. Your new power company will manage the transition. You don’t need to do anything else.

Situated in central Texas, Waco has a population of just over 138,000. As the home of Baylor University, Waco also has a zoo, a national monument, and many museums. It’s popular with both college students and families. 

If you’re moving to Waco, you can use the Choose Energy marketplace to sign up for a new energy plan within minutes.

Who has the cheapest electricity rates in Waco?

Waco electricity rates change constantly and even vary by location within Waco. Flagship Power currently offers the most affordable rates in the city.

What is the best provider in Waco?

The best electricity company near you will depend on what you’re looking for. For example, some customers prioritize providers with the lowest prices, while others want electric companies that offer green energy plans or exceptional customer service. If you know your must-haves, you can use the filters on the Choose Energy marketplace to find a plan that matches your needs.

What is the average electric bill in Texas?

Individual electricity bills vary by provider, rates, location, and energy usage. At the moment, the average Texas electric bill costs $160.05.

How can I lower my electricity bill in Waco?

Switching providers is an easy way to lock in cheap electricity in Waco and lower your electricity bill. You can also complete energy-saving home improvements, like installing solar panels, repairing your HVAC system, and using energy-efficient appliances.