Your power to choose electricity in Waco

Energy deregulation gives Waco residents and businesses the power to choose their electricity rates. Because these markets allow for competition, you can choose from countless plans and providers to find the best electricity rates in Waco.

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

Average residential rate in Waco, Texas

The average residential electricity rate for Waco residents on Choose Texas Power for the 500 kWh usage level in 2024 is 20.25 cents, which is slightly below the 2023 rate of 20.46 cents. At the 1,000 kWh usage level, Waco rates on Choose Texas Power decreased 6.5% from 15.7 cents in 2023 to 14.71 cents in 2024. The average Waco rates on our marketplace for the 2,000 kWh level are 16.51 cents, down 2.3% since 2023.

According to the most recent Energy Information Administration (EIA) data, the average electricity rate in Texas is 14.83 cents per kilowatt-hour (kWh). Compared to the national average of 16.63 cents per kWh, Texas electricity rates are 11% cheaper.

The average Texas resident consumes much more electricity per month than the national average, putting Texas within the top five most expensive electric bill states. Because of high energy usage and fluctuating rates, it’s important to find an energy plan with a rate that works for your home.

Best Waco electricity providers

Thanks to energy deregulation in Texas, Waco residents can choose their own electricity provider from multiple competitive options. You can choose to receive the default service from your local electric utility or switch providers.

Waco residents have plenty of electricity providers to choose from. Some of the most popular companies in the market include TXU Energy, 4Change Energy, Direct Energy, TriEagle Energy, and Constellation.

Waco’s utility company

Your utility company plays a different role from your energy provider. Utility companies restore power during an outage and maintain power lines. While you can choose your provider, you’re assigned a utility company based on your ZIP code. If you experience a power outage, contact your utility, not your electricity provider. In Waco, your utility is Oncor Electric Delivery. You can contact Oncor in the following ways:

• Call 888-313-6862 for customer service
• Call 888-313-4747 to report an outage
• Email contactcenter@oncor.com

Types of Waco electric plans

Understanding the different types of energy plans can help you pick the best electricity company in Waco. Here are the three main types of electricity plans available to Waco residents:

• Fixed-rate plan: If you want the stability of paying the same electricity rate each month, then a fixed-rate plan may be a good choice for you. 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 increase (or decrease) for the length of your contract. However, you’ll have to pay a fee if you terminate your contract early.
• Variable-rate plan: With a variable-rate energy plan, you don’t lock in a set Waco electricity rate in your contract. Instead, your rate fluctuates with the market. It could increase in certain months and go down in others. The advantage is that you can change plans anytime without paying a fee.
• No-deposit plan: If you’d rather not pay a deposit for your electricity plan, you can opt for a no-deposit plan. Keep in mind that these aren’t available to everyone. Your deposit is often based on your credit score, but you can also choose a prepaid plan to skip the credit check altogether.

Understanding Waco electric rates

The price you pay for electricity depends on where you live and which utility services your area. Because of varying supply and delivery charges, the rate someone pays in another part of Texas might differ from what you pay in Waco, even if you have the same plan. As a result, it’s important to get a quote for electricity rates in your area. 

Our marketplace features make searching for the best electric company near you easy. Enter your ZIP code on the screen to find a list of the Waco light companies and rates available in your area. From there, choose the best plan for your energy needs and sign up in minutes.

Commercial energy in Waco

Not just residents can choose their own electricity companies in Waco. Businesses also enjoy the deregulated energy market and may reduce costs by switching electricity providers. To learn more about commercial electricity rates and get a customized quote, call the number on your screen or fill out our business energy form.

Green energy plans in Waco

Texas is a leader in green energy. The Lone Star State is one of the top in the nation for wind and solar energy generation, meaning it’s easy for Waco residents to find green 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 the fine print of your plan.

Eco-conscious residents and business owners can also choose an energy plan powered entirely by renewable energy. If you want to minimize your carbon footprint, check out plans from fully green Waco electricity providers like Green Mountain Energy and Gexa Energy.

Moving or switching providers in Waco

Located between Austin and Dallas-Fort Worth, Waco is a town of nearly 150,000 residents. It offers plenty of attractions locally and in the surrounding area. Plus, its deregulated energy market gives you a chance to save on your electricity bills. Use Choose Texas Power to compare electric rates in Waco and find an energy plan for your new home.

Moving to a new address

Moving homes or business locations can be a hectic process, but the Choose Texas Power marketplace makes cranking on the power at your new address a breeze. If you’re moving out of your current provider’s service area, you’re eligible for a new energy plan. Your old provider won’t charge an early termination fee, so you can start shopping now to find a plan. You have up to 90 days in advance to choose a new plan, so be sure to shop frequently during low-demand months like spring and fall.

If your current 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 that isn’t up for renewal, you may have to pay a fee to switch providers early or wait until the end of the term. 

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.

Waco energy FAQs

Which provider has the cheapest electricity rates in Waco?

Waco electricity providers like Gexa Energy, Frontier Utilities, and Express Energy consistently offer some of the cheapest electricity in the area. Keep in mind that your rates depend on your energy usage and the type of plan you choose.

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 to benefit from your freedom to choose in Waco.

What is the average electric bill in Waco?

Currently, the average Texas resident pays $169.95 per month for their electricity. 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 a number of great electricity companies in Waco, so it’s important to narrow down your priorities to find a provider that meets your needs. 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.