Compare Electric Companies and Rates in Waco, TX

• In Waco, the average electricity rate for 1,000 kilowatt-hours (kWh) is 14.35 cents per kWh, based on data from our marketplace. This rate is 4% lower than the Texas average and 15% lower than the national average.
• In Texas, the average residential electricity rate is 14.96 cents per kWh, according to the Energy Information Administration (EIA).
• The commercial Texas electricity rate is 8.93 cents per kWh (about 34% lower than the national average).

The Choose Energy marketplace can help you find cheap energy plans in Waco for as low as 10.6 cents per kWh, about 28% lower than the Texas average. Enter your ZIP code to compare electric rates and take advantage of the cheapest energy rates in Waco.

Back in 2002, many cities in Texas deregulated their energy markets, including Waco. A deregulated energy market  means that you have the power to choose your electricity providers in Waco, TX. Because the choice is in your hands, providers work hard to earn your business by offering affordable energy rates and better plan choices. 

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

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

However, unlike your 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 the best Waco electric companies, including top providers like 4Change Energy, Frontier Utilities, and TXU Energy.

Enter your ZIP code on this page to find rates and plans from the top electric companies in Waco, TX.

Power outages in Waco

If you’re experiencing a power outage in Waco, don’t reach out to your energy provider. For problems with your electricity service, you should contact your utility company (Oncor Electric Delivery). You can reach Oncor by calling 1-888-313-4747 or reporting an outage online, or texting OUT to 66267.

When shopping for the cheapest electric company in Waco, TX, there are a few different plan options you will find on our marketplace. These include:  

• Fixed-rate plans: A fixed-rate plan enables you to lock in your electric rate for a term of one to three years. The benefit is you don’t have to worry about price hikes since you’ve secured your energy rate. However, if you want to switch your plan before your contract expires, you may have to pay an early termination fee (ETF). 
• Variable-rate plans: With variable-rate plans, your electric price can change monthly with the market price of energy. It is beneficial when energy demand lowers since you can secure a lower electric rate, and you’re free to change your plans at any time without penalty. But when energy demand increases during the summer months, you’ll likely experience an increased electric rate. 
• Prepaid or no-deposit plans: When you sign up for service with light companies in Waco, it isn’t uncommon for them to check your credit history. If your score falls below their threshold, you might have to pay a deposit before your supplier starts service. If you’d rather avoid a deposit, you can sign up for a prepaid or no-deposit plan. These are plans in which you pay for electric service in advance, much like a prepaid cell phone plan. Your provider will then notify you to top up your account when it runs low so you can have continuous service. 

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 variety of green energy plans for their respective needs.

All Texas electricity plans include some energy from renewable sources. How much renewable energy your plan contains depends on the provider and plan. Check your Electricity Facts Label (EFL) to determine the makeup of your plan’s energy content. Some power companies in Waco specialize in 100% green energy. 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.

Waco energy for business

Waco businesses also have access to deregulated energy services. You can fill out our business energy form or contact our energy experts by calling the number on the screen to receive customized commercial plans from the best electric companies. 

The Choose Energy marketplace makes it easy to find the best electric companies 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 in minutes. 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 and sign up over the phone.
• Enjoy your new plan. Your new Waco electric company will manage the transition so you can relax without any interruption to your service.

Whether you’re moving or switching providers, Choose Energy can help you find a plan quickly. Here are some things to keep in mind if you’re moving to Waco: 

Moving to a new address

If you’re moving to Waco, you’ll want to notify your new electricity provider around two weeks (or at least 48 hours) before moving in. Doing this allows your new provider time to set up service for you. When shopping for a new plan in Waco, use our filtering tools to find a plan based on type, renewable energy incentives, term lengths, and more. Most importantly, we provide the cheapest plans first for an expedited shopping experience. 

Switching energy providers

Choose Energy can also help you switch providers. Review your plan details beforehand to ensure there won’t be any fees for canceling your current plan. Once you’re ready to start shopping, use our marketplace to quickly sign up for the best plan. Your new provider will handle the switch and setup so you can enjoy your new savings without experiencing any power interruptions.

Who has the cheapest electricity rates in Waco?

Currently, 4Change Energy, Gexa Energy, Frontier Utilities, and Express Energy offer some of the lowest electricity rates in Waco. Waco electricity rates change based on your plan type and market conditions, so it’s important to compare options and features from numerous providers before making your final decision.

What is the best provider in Waco?

Sorting out the best electric companies 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 offers 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?

The average monthly Texas electric bill was $169.95, according to the most recent data from the Energy Information Administration (EIA), and residents paid 14.83 cents per kilowatt-hour (kWh). This rate is subject to change, however, depending on the provider, time of year, energy demands, location, and your energy consumption. Use your ZIP code to compare the latest energy prices in Waco.

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 options available in your area to find the cheapest electricity rates near you. 

How can I lower my electricity bill in Waco?

Switching electricity providers in Waco, TX, may help you secure cheap electricity in Waco and lower your electricity bill. You can also complete energy-saving home improvements, such as installing solar panels, repairing your HVAC system, and using energy-efficient appliances.