Waco electricity rates
Energy deregulation gives residents and businesses in many parts of Texas the power to choose their electricity plans and rates. Rather than only buying energy from a local utility, you can shop for options from a wide range of electricity providers.
If you live in Waco, you can compare plans and shop for rates that fit your budget. The SaveOnEnergy marketplace is a one-stop shop for you to compare Waco electricity providers and sign up for a new plan. Enter your ZIP code to get started.
Compare today’s Waco electricity rates
Average Waco rate based on kWh usage
Waco electricity rates are measured based on how many kilowatt-hours (kWh) you consume in a month. Depending on the plan type, your energy rate may change according to your energy consumption level each billing period. Based on our marketplace data, the average purchase price for Waco residents for each usage level is as follows:
- 19.83 cents for 500 kWh
- 14.20 cents for 1,000 kWh
- 16.18 cents for 2,000 kWh
Check past electricity bills to estimate your typical usage and find a Waco energy rate that works for your consumption habits.
Cheap energy prices in Waco
Energy costs change based on seasonal weather changes and other factors. Knowing the right time of year to choose an energy plan will help you secure a more affordable rate. The chart below can help you determine the best time of year to shop for energy. It includes the average Texas electricity prices throughout the year, thanks to data from the Energy Information Administration.
How to find the best electricity rates in Waco with SaveOnEnergy.com
Energy prices fluctuate based on market conditions, such as climate and energy usage. You don’t have to guess about today’s rates, though. You can use our marketplace to secure the best electricity rates in Waco in three steps:
- Shop for cheap electricity:Enter your ZIP code to explore plans and find the cheapest electricity company in Waco, TX. You can use our filters to narrow down plans by provider, rate type, term length, and more.
- Sign up fast: You can sign up online or call our energy experts at the number on the screen.
- Start saving: Plans can start in as little as five days, allowing you to start enjoying your new, lower rates quickly.
Energy providers and utility companies in Waco
Waco electricity providers generate or buy energy to power your home. In a deregulated energy market, you have the power to choose your energy provider.
However, your utility company is still responsible for transmitting power to your home or business. It also repairs power lines and responds to power outages. You cannot choose your utility provider because it’s based on your location.
Power outages in Waco
When an outage occurs, you should contact your utility company, not your provider. Oncor is the utility to contact in Waco.
- To report an outage, call Oncor’s 24/7 outage number at 1-888-313-4747 or click here.
- To report a downed power line, call 911 or 1-888-313-4747.
Electricity rates in my area
Your location affects what you pay for energy service due to different utility transmission rates. This is the delivery charge your utility assesses, and it varies by location. Because of this, you may pay different rates even if you have the same plan as someone else in Texas. Using our marketplace can help you find accurate rates near you. Enter your ZIP code to see your options.
How weather affects Waco electricity rates
Weather also plays a role in what you pay for energy service. Temperatures in Waco often exceed 90 degrees from May through September. Meanwhile, the winters bring chilly nights, with lows in the 30s and 40s from November through March. These extremes drive up energy demand and pricing during peak seasons.
Ideally, you want to shop for and secure an affordable energy rate when demand is lower. That makes fall and spring the best times to find cheap electricity plans in Waco.
Types of plans in Waco
When comparing Waco energy providers, you’ll encounter many plans, such as fixed-rate, prepaid, commercial, renewable energy, variable-rate, and no-deposit plans. Our guide to choosing a plan contains helpful information about how these different options work. You’ll also find a basic breakdown below. If you have any questions, our energy experts will be happy to help. You can call them at the number on the screen.
Fixed-rate plans in Waco
These plans come with a contract that ranges from 12–36 months. You receive predictability as you pay the same energy price throughout your term, not including taxes and fees. If you need to switch plans or cancel before your term ends, you might be charged an early termination fee (ETF).
Variable-rate plans in Waco
Variable-rate plans don’t come with contracts, so you renew on a monthly basis. This gives you the flexibility to change your plan without any penalty. However, since your price adjusts monthly, you’ll experience times when Waco electricity rates are higher due to demand.
No-deposit plans in Waco
If you’d prefer not to pay an upfront deposit to begin your service, you may have trouble finding providers that offer this option. However, the SaveOnEnergy marketplace features a variety of providers that offer no-deposit and prepaid plans.
Green electricity in Waco
Texas is a leader in green energy, ranking near the top in wind and solar energy generation. That means residents in Texas’s deregulated energy market can easily find affordable green energy rates.
Each Texas energy plan has a percentage of green energy. You can find exactly how much in the plan’s Electricity Facts Label (EFL). Certain providers, including Gexa Energy, Chariot Energy, and Green Mountain Energy, also offer 100% green energy plans.
Business energy plans in Waco
Waco businesses can also secure an affordable rate. Use our business energy form to receive personalized solutions or give us a call to learn more about your options.
Calculate your energy usage in Waco
Knowing your typical energy usage can help you as you shop for plans. Use our energy calculator to estimate your electricity usage by figuring how much you use of the most common household appliances. Then, you’ll see electricity plans tailored to you based on your energy needs.
SaveOnEnergy’s tips for easy electricity service setup
- Don’t forget to read your plan’s Electricity Facts Label before signing up. It contains important information including:
- Price per kilowatt-hour based on usage
- % renewable energy sourcing
- Early termination fees
- Enjoy hassle-free supplier setup. Once your order has been confirmed, your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP) – but don’t worry, there shouldn’t be any interruption to your power during the switch.
- Understanding your electricity bill. Your local TDSP will still deliver your electricity and maintain electric infrastructure including meters and power lines. Your utility fees can be found as TDU or TDSP charges on your monthly bill. They are independent of your supplier rate.
How weather affects Waco electricity rates
Weather shapes a role in what you pay for energy service. Temperatures exceed 90 degrees from May through September, indicating electric prices will be high due to the increased demand. Meanwhile, the winters can become chilly at night, with the average temperature being lower than 45 degrees from November through March.
Ideally, you want to shop for and secure an affordable energy rate when demand is lower. In Waco, the fall and spring are the best times to shop for an energy plan.