Compare electricity rates in Waco with Vault Electricity. Find a cheaper electricity plan and keep your money in the Vault.
Comparing and switching electricity providers is key to saving money on electricity in Texas. Whether you are moving to Waco for the first time or you are a long time resident, you should be willing to shop electricity plans to find the best one for your situation. Vault Electricity has helped thousands of Texans find their perfect electricity plan.
Our electricity rate comparison tool is updated in real time with electricity rates and plans from the leading energy companies in Texas. Many of these names you will find familiar from advertisements and billboards. You may be surprised to find that these household names are often not the cheapest electricity provider.
The only way to know for sure who has the cheapest rate is to line them all up and compare. You can also review the features of each plan, filter plans by contract length (from one month up to 36 months) and even select from 100% green energy plans.
Featured Electricity Rates In Waco, Texas
Why It’s So Very Important To Compare Electricity Rates
Here in Waco, electricity rates change a lot. There are many factors that affect the market for electricity in Texas. Natural gas prices and the expectation for future movements in natural gas prices play a big role in how electricity is priced in Texas. This is because natural gas is still the most important single fuel for running power plants in Texas.
Weather also plays a big part in electricity rates. This is because extremely hot or extremely cold temperatures can place heavier demand on the grid. This in turn can drive up the spot or day-ahead prices for electricity.
Top Waco Electricity Rates From Each Provider
|Electric Company||Plan Name||Electricity Rate|
|Frontier Utilities||Best Value 12||7.6¢/kWh|
|4Change Energy||Maxx Saver 12||7.9¢/kWh|
|Gexa||Saver Supreme 12||6.8¢/kWh|
|4Change Energy||Free Energy 12||7.9¢/kWh|
|Cirro Energy||Smart Value 12 Online||8.3¢/kWh|
|Direct Energy||Live Brighter 12||11.3¢/kWh|
|First Choice Power||You Got This 24||11.2¢/kWh|
|TXU||Clear Deal 12||9.9¢/kWh|
|4Change Energy||Easy Saver 12||8.9¢/kWh|
|Gexa||Saver Deluxe 12||7.6¢/kWh|
|Pulse Power||Texas Saver 12||5.8¢/kWh|
|Green Mountain Energy||Pollution Free e-Plus 24 Preferred||11.0¢/kWh|
|Reliant||Secure Advantage 12||11.7¢/kWh|
|Payless Power||SmarTricity Premier 12||13.6¢/kWh|
For a more detailed realtime rate comparison enter your zip code at the top of the page. Our rate comparison tool lets you see all providers and rates. You can filter by term length, usage level, green energy plans, no deposit plans and get you them most up to date pricing. The rates listed above are for the 1,000 kWh usage level. More Information on any of these plans >>>
Power plant outages can affect the available supply of power at any given time. This can also put upward prices on electricity rates.
For the most part, consumers are insulated from these short term gyrations in electricity rates. Assuming you are on a fixed rate electricity plan, you aren’t going to see your rates bounce around from day to day. But all of these, and many other factors affect how electricity providers price their fixed rate electricity plans.
Waco light companies are constantly trying to win business by offering lower rates than their competition.
Looking Beyond the Cheap Electricity in Waco, Texas
Waco is a major Texas city with a population of 134,500 people. It is the county seat of McLennan County and has seen steady population growth over the last century. It is ranked the 23rd most populous city in Texas. It gets its name from the Wichita Indians who occupied the land of what is present day Waco. After Stephen F. Austin, “The Father of Texas”, made a treaty with the Native American (Wichita or Waco) Tribe settled in the land and it would eventually be settled. Former NFL running back, LaDainian Tomlinson grew up in Waco, as did actor Steve Martin, actress Jennifer Love Hewitt, and director Terrence Malick. The tragic Branch Davidian Waco Shootout had its source in the city as well.
The economy of Waco is driven by educational institutions and healthcare providers. The top employers in the city are: Baylor University, Waco ISD, Providence Health Center, L3 Technologies, Baylor Scott & White Health, Walmart, the city of Waco itself.
Some things to do and see in the city of Waco are The Waco Mammoth National Monument, Cameron Park Zoo, the Waco Suspension Bridge, the Dr. Pepper Museum, Baylor University, The Branch Davidian Compound, and the Texas Ranger Hall of Fame Museum.
Waco ranks high on Tornado incidence: some of the deadliest in national and state history have occurred in the city. Fortunately, we have seen a lull in tornadic activity over the last few years.
Which Electric Company Delivers Power to Waco?
Your choice of electricity provider effects two things: your electricity rate and the name on your light bill. Everything else about the way you get your power remains the same. That’s because retail electricity providers in Texas don’t deliver the electricity.
There are a handful of entities called transmission and distribution utilities (TDUs) that are tasked with delivering electricity within a certain region of Texas. Within the DFW area Oncor is the utility. Within the Houston area the TDU is Centerpoint.
The TDUs not only deliver the power but they maintain the powerlines for your area. If you have an outage you will call Oncor, Centerpoint or whatever the TDU is for your area.
This takes reliability of service out of the equation when you are selecting an electricity provider. This allows you to focus on finding the cheapest rate.
Waco Electricity – How Is It Generated?
In a state known for oil, it is natural gas that powers more electricity in Waco than any other source. The state of Texas is the largest producer of natural gas in the country and is home to over one fourth of the nation’s proven natural gas reserve.
With natural gas being abundant and close to home and with modern extraction techniques, natural gas is a cheap source of fuel to power Texas power plants. Other sources of Waco electricity include coal, nuclear, geothermal, wind and solar.
Texas generates more wind electricity than any other state. Although most of this wind is generated in the western part of the state, large high capacity power lines transmit this power to Waco and other parts of the state.
If green energy is a priority for you, there are a number of 100% green energy plans available to choose from in Texas.
Waco Electricity Plans Have Important EFLs
Don’t ever enroll in a Texas electricity plan without first reading the EFL. It is much easier to hide nasty surprises in marketing language than it is to hide in the EFL. The Electricity Facts Label (EFL) is the document that every Texas electricity provider is required to provide with every plan they market.
The document spells out exactly what fees and expenses are included in a plan. If your plan has a bill credit that disappears as soon as you use 1500 kWh you will see it in this document. You will see what fees are being added to your bill for the regional electricity delivery utilities called TDUs.
You will also see how much renewable energy is used for your plan, what the cancellation fee is and what the contract term is.
If you are getting a “Free Nights” plan or any other “time of use” plan it will show you specifically what rates you pay for a given time of day and day of the week.
EFLs for each plan can be found with the plan listing on Vaultelectricity.com
Waco No Deposit Electricity Plans
If you have been asked to pay for a deposit, you may be able to qualify for a waiver of the deposit requirement if you meet certain requirements.
No Deposit Electricity waiver criteria:
- Letter of credit from most recent electricity provider from the past two years
- Anyone who is 65 years of age or older and not currently delinquent in payment for another electric company
- Proof of medical indigency
- Proof you are a victim of family violence
If you are unable to get your deposit waived and can’t afford the amount the company is requiring, you should consider a prepaid electricity plan. Prepaid electricity plans in Waco are very popular. You can usually get the lights on for less than $50 – sometimes for as little as $20.
For more information about a no deposit prepaid electricity plan call us at 855-564-1181
Same Day Electricity in Waco, Texas
Same day electricity activation used to be impossible in Texas. But thanks to the rollout of smart electric meters, getting the electricity turned on immediately at your new home, apartment or business is now a reality.
Before smart meters, you had to schedule a time several days in the future to have a technician come out to physically activate the exterior electricity meter. And if no one was home when the technician came by, you would have to reschedule the appointment, causing even more days to slip by without electricity.
Fortunately, those days are behind us. Now that every electric meter in Texas is a smart meter, you can get the cheapest electricity turned on within a couple of hours. You do not need to be present at the location, since a technician is no longer needed to activate the electricity.
The electricity providers can now activate and deactivate the meters remotely. Because of this, you can get the cheapest electricity plan turned on the same day that you request it, even on the weekends!
Go Green with the Electricity Companies Renewable Energy Plans
If you are looking for a green energy plan in Waco, we’ve got you covered.
Using our filtering functionality, you can filter for only 100% green energy plans. You won’t even have to pay a huge premium to get them. The cost of generating wind and solar power has fallen substantially in recent years. It is not uncommon to see green energy plans listed among the cheapest electricity rate in Waco.
Waco Utility Companies
TXU/Oncor Contact Information:
For power outages in Waco Texas, please call Oncor at 1-888-313-4747. To have underground lines located prior to digging in Waco Texas, call 1-800-344-8377. To view Waco Texas power outage maps, click here.
Smart Meter Information:
For information on the smart meter program in Waco Texas, click here.
Important Phone Numbers:
Waco Water Utility Services: 254-299-2489
Waco Solid Waste and Recycling Services: 254-299-2612