Waco Electricity Rates, Plans & Suppliers
The cheapest Waco electricity rate is 15.0 ¢/kWh, 28% lower than the average rate of 20.9 ¢/kWh.
47% are choosing plans with a contract length of 24 months, with 12 month contracts being the second most popular choice at 12%.
The average electric bill in Waco is $170, with average electricity usage of 1100 per month.
Recommended Waco Electricity Plans
Compare Waco Electricity Rates
We've researched the best providers and plans so you can find a great electricity rate in Waco
| Company | Term | Rate |
|---|---|---|
| Gexa Energy | 12/months | 10.4¢/kWh |
| 4Change Energy | 24/months | 10.5¢/kWh |
| Frontier Utilities | 12/months | 10.5¢/kWh |
| Chariot Energy | 36/months | 10.7¢/kWh |
| Discount Power | 24/months | 10.7¢/kWh |
| Cirro Energy | 12/months | 11.0¢/kWh |
| Think Energy | 6/months | 12.7¢/kWh |
| Amigo Energy | 24/months | 12.8¢/kWh |
| Just Energy | 24/months | 12.8¢/kWh |
| Tara Energy | 24/months | 12.8¢/kWh |
Video - What is The Best Waco Electricity Rate (September 2024)
When do Electricity Rates Change in Waco Change?
As Waco moves into winter, you're going to see fixed rate electricity rates drop with the temperature. So if you're looking for cheap Waco electricity rates, fall to winter is the best time to to compare Texas electricity rates.
Waco's Best Electricity Companies
TexasElectricityRatings, rates the top electricity companies in Waco
| Rank | Provider | Stars | Award | |
|---|---|---|---|---|
| #1 |
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Champion Energy Services |  |
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| #2 |
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Payless Power | |
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| #3 |
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Constellation |  |
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| #4 |
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TriEagle Energy | |
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| #5 |
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Reliant | |
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5 Things to Know Before You Order Waco Electricity Service
- Know your usage. Ok you don't have to "know" but you should have an idea. Are you moving into an apartment/small house, a medium size home or condo, or a large home? Home size matters and relates to the average usage. Electricity rates are based on volume and are based on 500kWh, 1000kWh and 2000kWh use per month. In other words a small house or apartment customer will generally pay a higher rate than a high usage / large house customer.
- Know your credit score. Do you have great, average or poor credit? If you have average or poor credit you'll probably be asked to pay a deposit - generally $150-$300. You can also use a no-deposit plan that you pre-pay.
- Understand Utility Charges. TDSPs are the local electricity utility company in Waco. They own and maintain the poles and wires, read the meters and get your power back on when there's a storm or power loss. About 30-40% of your bill is made up of local utility fees.
- All rates displayed on our site include Utility Charges and Fees.
- Understand Your Electricity Facts Label (EFL) The EFL sets out the rates and charges based on usages of 500, 1000 and 2000kWh.
Compare Business Electricity Rates in Waco?
You have the power to choose your Commercial and Small Business Electricity Rates in Waco. The Texas Electricity Ratings commercial electricity marketplace is exclusively for business electricity customers looking to start commercial service or compare their existing commercial electricity rates.
Waco business electricity rates are some of the lowest in the US and are 20-30% less than residential rates. So, if you're starting a business in Waco or just want to compare commercial electricity rates and shop the market for a better rate, you could save thousands each year by shopping for a lower rate.
Commercial Electricity Rates in Waco
How to Switch Electricity Companies in Waco?
Switching Electricity companies is simple and seamless with no interruption in service.
- When is it Time To Switch Your Power Company: Check your electricity company contract's end date, if you're within 45 days you may forward switch, or within 14 days you can switch without penalty. Your retail electric provider is required to notify you at least 30 days before a contract expires.
- Compare electricity rates Waco:If you can find a cheap new rate is dramatically lower it may be worthwhile to switch early and pay the ETF. Lets say youre on a 17 cent rate and youve found a great 11 cent rate. At 2000kWh per month at 17 cents is $340 and 2000kWh at 11 cents is $220. You could save $120 in the first month - so the $60 ETF is worth taking a hit on.
- Switch Electricity Company: Once you find a great Waco electricity rate and want to lock it in, you can schedule a forward switch up to 45 days in advance. Ensure you get proof of switch order and date, (you should get an email) and retain any emails for your records.
Are You Moving to Waco?
Texas has a deregulated electricity market. That means Waco Electricity Companies compete for your business. Just like cellphone, Internet, Insurance and credit card companies that compete for your business. And just like those businesses there are plenty of ways that Texas electricity companies can take advantage of you, so we've made it easy. We've rated, ranked, and recommend Waco's best electricity companies and electricity plans that will make your move easy.
Getting your power turned on in Waco is easy. If your home has a smart meter, we can get your power turned on in 4-6 hours. Just enter your zip code to get started.
Types of Energy Plans in Waco
There are basically three types of Electricity Plans available for residential customers. Houston electricity companies offer a wide range of options and terms. For the most part they are in three categories: fixed-rate and variable rate and pre-paid.
Fixed-Rate Electricity Plans in Houston
Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. Fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.
Variable-Rate Electricity Plans Houston
Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.
Pre-Paid Electricity Plans in Houston
When you sign up for pre-paid electricity, no social security number and no credit check are required.
Signing up takes a few minutes and requires a small upfront payment to establish your account balance. Prepaid providers will text you to add more money as you balance changes. Or you can use your prepaid provider's app to monitor your usage and manage your budget online.
Waco Electricity Outage and Utility Information
If you have a power outage, or any issue with your home's electrical delivery, you should contact your local electric utility for assistance
Centerpoint Energy: 713-207-2222
AEP Central/AEP North: 866-223-8508
Contact the Texas Public Utilities Commission with any other concerns:
PUC Customer Protection, P.O. Austin, TX 787111-3326.
Call 1-888-782-8477
Email the PUCT at customer@puc.texas.gov
Find rates for your zip code in Waco
FAQ: Waco Rates, Plans and Providers
TXU Energy offers these plans in Waco
The following rates are available from TXU Energy
What is a cheap Reliant electricity rate in Waco?
- Reliant Power Savings 24 plan is the cheapest rate from Reliant. It is a 24 month plan with a rate of 13.900 cents per kWh.
You can order the Reliant Power Savings 24 plan plan here on TexasElectricityRatings without hassling with the state-run powertochoose.org website
What Waco Amigo Energy electricity plans are available?
The following rates are available from Amigo Energy
Is it true that 4Change Energy has a low price in Waco?
- Maxx Saver Select 24 is the cheapest rate from 4Change Energy. It is a 24 month plan with a rate of 10.500 cents per kWh.
We recommend you compare electricity rates in Waco and see if this plan is right for you.