In a deregulated energy market, there is a difference between utility companies and energy providers. The utility company is the one that delivers your electricity and maintains the local electric infrastructure. You can’t choose your utility company — it’s based on where you live. Oncor Electric Delivery is the utility in Waco.
While you can’t choose your utility company, you can choose your energy provider. Your energy provider generates the electricity that powers your home. Thanks to deregulation, Waco residents have plenty of providers to choose from, including Cirro Energy, Reliant Energy, TriEagle Energy, and TXU Energy. Currently, you can find plans for as low as 7.4 cents per kWh.
Types of electricity plans in Waco
As you shop for energy options, you’ll encounter the following plan types on our marketplace:
- Fixed-rate plans: You’ll pay a stable monthly energy rate through the length of your contract. You can switch providers before your contract expires, but you might have to pay an early termination fee (ETF) to do so.
- Variable-rate plans: Your monthly energy rate changes each month due to climate, energy load demand, and other factors. Some months you might pay a higher rate, especially in the summer when the need for energy increases. In other months, you may pay a lower rate. Since there is no contract, you can switch providers at any time without penalty.
- Prepaid & no-deposit plans: Most energy providers check your credit before starting service. If your credit score doesn’t meet certain requirements, you may be required to pay an up-front deposit. If you don’t want to undergo a credit check, you can choose a no-deposit or prepaid energy plan. With either, you pay in advance for electricity, and your provider notifies you when your balance runs low.
Enter your ZIP code above to begin exploring a variety of plans from the best electric companies near you.
Waco green energy
Texas is a leading producer of green energy. The state creates the most wind electricity in the U.S. It’s also within the top five states for solar generation.
Each electricity plan in Texas contains a percentage of green energy, and you can find out the exact amount on the electricity facts label (EFL). If you’re interested in green energy, providers such as Chariot Energy, Gexa Energy, and Green Mountain Energy offer 100% green energy plans. Green energy rates in Waco currently start at 7.5 cents per kWh.
Waco energy for business
If you’re a business owner in Waco, you can take advantage of deregulation and choose your electricity provider. Connect with a Choose Energy expert to create a custom plan for your commercial energy needs. Visit our business energy page or call the number on your screen to get started today.
Waco electric rates in my area
Where you live plays a role in how much you pay for your energy service. You can have the same plan as someone else in the state, but you pay different prices. This is due to the transmission fee–the charge your utility imposes for delivering energy service. Using your ZIP allows your to find the most accurate electricity rates in your area.
Moving to Waco?
With more than 130,000 residents, Waco is located along the Brazos River, about halfway between Dallas and Austin. If you’re planning a move to Waco, you can lock in your new electricity rate now. Start by entering your ZIP code above to compare electric rates in Waco for your new home or business.