Waco, Texas, is one of the most beautiful and historical cities in the Lone Star State. It’s also a part of the state that has deregulated energy, which means that residents in most parts of Waco have the power to choose their electricity provider. While this is good news for some residents, it can be a nightmare for people who don’t have time for hours of research on local power companies. In this article, we’ll look at how electricity works in Waco and how to choose the best power company.

Waco is the 22nd largest city in Texas and has a population of over 135,000 residents. It’s also a top tourist town in Texas, thanks largely to the hit HGTV show, “Fixer Upper,” and the Magnolia Market Silos that emerged from it. As a result, electricity rates rise and fall depending on the time of year.

The average electricity rate in Waco, Texas, is 12.56 cents per kWh. The average resident uses just over 1,000-kilowatt-hours of power, which puts the average monthly electricity bill at $130. However, there are electricity plans in Waco ranging from 8 cents per kWh all the way up to over 18 cents per kWh.

However, you should also note that the 8 cent plan isn’t always the best one because of how rates are structured in Texas. There are various factors to consider, such as tiered rates, fixed rates, variable rates, hidden rates, and much more. Not to worry, however, because EnerGenie sees through the mess and finds you the best plan with the best rate in Waco.

Because of how competitive electricity is in Waco, many retail electric providers, are vying for your business. As of today, there are 14 power companies that are all offering various rates, plans, and perks.

• 4Change Energy
• Amigo Energy
• Green Mountain
• Discount Power
• Reliant
• Tara Energy
• Frontier Utilities
• Cirro Energy
• Constellation
• Gexa Energy
• Payless Power
• Pulse Power
• New Power
• Just Energy

Within minutes, EnerGenie uses your zip code to determine which company has the best plan and service for you.

No matter what type of plan you’re looking for, EnerGenie will find you a viable option in Waco. Here are a few of the different types of electric plans that Waco offers to choose from.

• Prepaid Electric Plans

Prepaid electric plans work the same way that prepaid phone plans do. At the beginning of each month, you decide how much electricity you want to use and pay for it up-front.

• Fixed-Rate Electric Plans

Fixed-rate electric plans are the most common type of power plans. With a fixed-rate plan, you sign up for a set price and that price doesn’t change throughout the course of your contract. Regardless of whether market prices go up or down, your rate will remain the same.

• Variable Rate Electric Plans

Variable-rate plans are the exact opposite of fixed-rate plans. Rather than having the same price throughout the duration of your contract, variable-rate plans have prices that fluctuate from month to month. They are less stable than fixed-rate plans and could potentially cost you money or save money depending on electricity market value.

• No-Deposit Electric Plans

Most electricity plans require a deposit of anywhere between $50 to $150. However, there are select plans that entice you to sign up for them by not requiring a deposit. These can be fixed, variable, or prepaid plans, and EnerGenie can find the perfect one for you.

• Business Plans

Waco is a bustling metropolis with hundreds of businesses, and each one requires electricity to operate. Business electric plans are also deregulated, which means that you as a business owner have to find the right plan for your business as well as your home. Either way, EnerGenie can help with this selection.

The average electricity bill in Waco is between $125 and $140 depending on which part of the city you live in and what your electricity plan is. If you’re unhappy with how much you’re paying on a monthly basis, start the process of switching your power company today! EnerGenie can help. If there’s a way to get out of paying early termination fees, we’ll find it and get you out of your current plan.

Saving money on your monthly power bill has never been more important than it is right now. Inflation is on the rise, which means electric rates are only going to keep going up. Finding a plan where you aren’t overpaying is crucial to saving money so that you can afford to do other things.

As you can see, Waco is a massive city with over a dozen different electricity companies. Depending on where you live within the city, not all of the options are available to you. To make your life easier, contact us at EnerGenie and let us take care of your electricity plan for you. We use innovative technology and a series of algorithms to find the best deal for you based on your needs.

Whether you’re new to the area or tired of overpaying on your monthly bill, we can help. All you need to do is give us your zip code, answer a few questions about your energy usage, and we’ll take care of the rest. We save you hours of research and uncertainty upfront and big bucks down the road. We even take care of communication between you and your provider and manage your plan!