Compare Waco Electric Prices

In deregulated cities like Waco, there are utility companies and energy providers, which have different roles. The utility company is responsible for transmitting power to homes and businesses, maintaining power lines, and responding to power outages. Utility companies are determined based on where you live, so you can’t choose it. In Waco, the assigned utility is Oncor Electric Delivery.

Unlike a utility company, you’re free to choose your electricity provider in Waco’s deregulated market. Energy providers, sometimes called electricity companies, power companies, or light companies, sell electricity plans to residents and businesses in deregulated areas. Providers also manage customer billing and energy usage. 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, don’t reach out to your energy provider. Instead, 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 Waco residents and business owners can select their providers and rates. This type of energy market increases competition between companies and gives you a chance to secure better prices.

When you’re exploring Waco electricity providers and rates through Choose Energy, you may notice several different types of electricity plans, including fixed-rate, variable-rate, and prepaid plans. Let’s take a closer look at each type of electricity plan to help you decide which one is the right fit for your home or business.

Fixed-rate plans

If you choose a fixed-rate plan, you’ll pay a set electricity rate for the entire agreement. Fixed-rate plans usually last for 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. You may also see a noticeable increase in your electricity rate once your plan is up for renewal.

Variable-rate plans

In contrast, variable-rate plans don’t have a set rate or a contract — you can switch providers anytime. However, 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.

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.

If you’d rather bypass the credit check and deposit, a handful of energy providers offer no-deposit and prepaid plans, which allow you to prepay for energy and top up your account as needed. 

Submit your ZIP code 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 both choose from several green energy plans for their respective needs.

In Texas, all electricity plans include some energy from renewable sources, but just how much renewable energy your plan contains depends on the provider and particular plan. Check the Electricity Facts Label (EFL)  to find out how much your plan contains. Some providers specialize in 100% green energy production. If you’re looking for a green energy provider in Waco, consider Gexa Energy or Green Mountain Energy.

To find renewable 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 power 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 for your area, as rates can vary even within the same city. Utility companies charge different amounts for transmitting power — known as utility transmission charges. 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 company in Waco, TX. Here’s how to start comparing, buying, and enjoying new electricity service:

• 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 139,000. 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?

Currently, 4Change Energy and Express Energy offer some of the lowest electricity rates in Waco. Keep in mind that Waco electricity rates change constantly and may even vary by location within the city.

What is the best provider in Waco?

The best electricity company in Waco will depend on what you’re looking for in an electric plan. For example, some customers prioritize providers with the lowest prices, while others want an electric company 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?

As of August 2023, the average Texas electric bill costs $165.04. This rate is subject to change depending on the provider, time of year, energy demands, location, and your personal energy consumption.

How can I compare Waco electricity rates?

The Choose Energy Marketplace makes it easy for you to compare Waco electricity rates. By entering your ZIP code, you can narrow down the electricity rates and energy providers available in your area to find the cheapest electricity rates near you. 

How can I lower my electricity bill in Waco?

Switching providers is an easy way to secure 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.