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PO Box 975428
Dallas, TX 75397-5428


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About Waco

The city of Waco lies south of Dallas, Texas, along the Brazos River. Waco has nearly 140,000 residents and is known as one of Texas’s midsize cities. Its history includes growth and industrialization spanning from the Civil War to World War II. Due to its place within a deregulated Texas electricity market, Waco residents can select an energy provider from the state’s numerous service companies.

The city has a rich history, vibrant community, vast employment opportunities, many entertainment options, and the Baylor University campus. It also has unique needs and challenges when it comes to electricity. Its residents need a reliable and trusted resource that they can turn to for affordable Waco electricity.

Waco electricity from Payless Power

Waco residents can find a flexible power plan to suit their lifestyle through Payless Power. Our options include prepaid plans with competitive rates that require no initial deposit or credit checks.

Texas residents have trusted Payless Power as a reliable energy company for nearly 20 years. Customers save an average of 20% on their electricity bills compared to previous bills. 

Perhaps you need the flexibility of a prepaid plan. Payless Power caters to customers by providing real-time balance and usage alerts. This can help you save money by reducing your energy usage throughout the month. You’ll only pay for the electricity you use, and you won’t receive any surprise bills at the end of the month. 

You can add money to your account any time over the phone or via our website or app, so you don’t have to worry about sudden disconnections resulting from failure to pay.

Like you, many customers take time to compare Payless Power to other electricity companies in Central Texas. They quickly find that Payless Power is the best option to meet their needs.

The Best Waco Electricity Company

Since 2005, Payless Power has been helping Texas residents obtain reliable energy with up to 20% savings on their average electricity bill. If you search “electric companies near me,” you will find Payless Power offers a range of flexible and personalized electric plans designed to meet your unique needs. Choose from prepaid plans with no deposit and no credit checks or traditional plans where you are billed at the end of the month for the amount of electricity used. Plus, you can pick the length of your contract, from as short as six months to as long as 36 months.

When you compare Payless Power to other electricity companies in Waco, you’ll soon discover the best, most affordable electricity plan options with plenty of happy customers.

Types of Electricity Plans We Offer

  • Prepaid Plans with No Deposit and No Credit Check
  • Traditional Plans Where You're Billed at the End of the Month
  • Contracts From 6 Months up to 36 Months Available

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Other Waco, TX Utilities

Oncor (Energy Delivery Provider)

Contact Oncor for delivery issues like power outages or downed lines

General Inquiries: (888) 313-6862 

Power Outage: (888) 313-4747



City of Waco Water Utility Services

Phone: 254.299-CITY (2489)



Atmos Energy (Natural Gas)

Customer Service: (888) 286-6700 

Gas Emergency: (888) 322-8667


Experience the payless Power Difference

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Pay Ahead for Your Electricity and Save up to 20% Simple, affordable, electricity for all
  • No Hidden Fees or Charges
  • Track Your Electricity Usage Daily
  • Only Pay for the Power You Need
  • Flexible Payment Options That Work for You


When it comes to Waco’s electricity consumption, the average monthly kilowatt-hours used by residents is around 1,730 kWh. At .16 cents kWh, Waco residents spend about 14% more than the national average on utilities.

Of course, usage depends on the season. Waco, Texas, ​​has a humid subtropical climate with hot summers and mild winters. In Waco, the average high temperatures in summer​​ reach into the mid-90s, while winter months tend to hover around the mid-60s. In addition to usage, electricity rates fluctuate continuously, so your rate will depend on when you enroll in a plan and what the rates are at the time.

At Payless Power, we offer both 6-month and 12-month fixed-rate contracts, so once you sign up, you don’t have to worry about day-to-day fluctuations regardless of the season.

Sample Electric Bills

Based on the average local rate in Waco, we can calculate a household’s typical monthly energy usage based on the home or apartment’s size:

  • Apartment(750 sq. ft.)
    approximately $78/month 
  • Small Home(1,200 sq. ft.)
    approximately $157/month
  • Large Home(2,000 sq. ft.)
    approximately $261/month

Keep in mind that your electricity bill will vary based on your consumption habits.

Enter your Waco ZIP code to find an affordable Payless Power electricity plan to suit your household.

waco electricity provider

Frequently Asked Questions

Q: How much does electricity cost in Waco, Texas?

Q: How much does electricity cost in Waco, Texas?

The average residential electricity rate in Waco is 10.14 cents per kWh, making it 7.65% lower than the state average of Texas which is 10.98 cents per kWh. If a Waco household consumes 750 kWh per month, they would get a bill of around $76 a month. When compared to the national average, Waco’s electricity rate is 14.65% cheaper than the national average of 11.88 cents per kWh. 

The cost of electricity for business or commercial use is 9.12 cents per kWh in Waco. The national range of commercial electricity rates in the US is 6.86 cents/kWh to 34.88 cents/kWh. Thus, Waco’s rate of 9.12 cents per kWh is still cheaper than the national average rate of 10.09 cents per kWh.

Q: How do I choose a Waco energy plan?

Q: How do I choose a Waco energy plan?

Residents and business owners in Waco, Texas, are part of the deregulated Texas energy market. You can choose an electricity plan rather than purchasing power from your local utility. 

It’s easy to compare Waco electric companies using an online marketplace that allows you to research and compare the best energy plans. Just enter your ZIP code to see prices, plans, and the electric companies serving your area.

Q: Which companies provide electricity in Waco, Texas?

Q: Which companies provide electricity in Waco, Texas?

Waco, Texas, is part of the deregulation system, meaning electricity providers and utility companies serve different purposes. Your local utility company is still responsible for distributing power to homes and businesses. Oncor Electricity is the utility company responsible for consumers in the Waco area. 

Call or notify Oncor if you experience power outages or infrastructure damage. While you can’t pick your utility company, you can pick your electricity company or energy provider. Some of the most popular ones in Waco include Cirro Energy, Reliant Energy, TXU Energy, and Payless Power.

Q: Who has the cheapest electricity rates in Waco, Texas?

Q: Who has the cheapest electricity rates in Waco, Texas?

If you’re looking for the cheapest electricity rate in Waco, here are the top four companies offering a fixed-rate plan for a 12-month period at $0.069 per kWh:

  • Just Energy
  • Frontier Utilities
  • Gexa Energy
  • Express Energy

Q: How Can I Switch Energy Providers In Waco, Texas?

Q: How Can I Switch Energy Providers In Waco, Texas?

Like most of Texas, McLennan County is deregulated. This means you can choose your power company. Here’s what to do if you’re thinking about changing electricity service providers:

  1. Check your current contract. Most Texas residents change providers when their current contract expires because they don’t have to pay early termination fees. Even if your contract hasn’t expired, you may still save money by switching to Payless Power. Just check what additional fees you’ll be responsible for if you cancel.
  2. Compare rates. Visit Payless Power’s online marketplace and type in your ZIP code to see available rates. Each plan includes a rate per kilowatt-hour (kWh), a connection balance, and a plan term or length. 
  3. Choose a plan. Compare the different options and choose whichever plan offers the best electricity rates for you. Follow the steps on Payless Power’s website to create an account and make an initial payment. 

What our customers are saying

Been a loyal customer with Payless Power since 2014. Customer Service reps are always very friendly and soooo helpful (except for only one time, I got one that thought she owned the place….). They want to help you not just take your money, and if you are in a bind with your electricity, they will help you and not make you feel like a bum….

Stephanie L. in Waco

I am pleased at the service from Paylesspower. Y’all have fast service and reliable electricity services. One call and I was switched to Paylesspower electricity. We enjoy the satisfaction knowing that our balance is always sent to use by message or email allowing us to know the remaining balance on our electricity so we can keep track of the money…

Rhonda T. in Waco

I’m so pleased with Payless Power Services
Always felt I was getting ripped off with the others

Jan B. in Odessa

This has been the easiest company to work with for electricity. I was worried about being able to get service due to past credit problems. I love the daily texts which help me monitor use and my balance. The price is more than affordable and I couldn’t be more pleased with the service.

Stacy W. in Waco

A Better Way to Get Power in Waco is Waiting For You

Payless Power takes the stress and hassle out of signing up for electricity with instant approval, no deposit, same day service, and top-notch customer service.

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What our customers are saying

See why our power customers say we're the best electricity provider in Texas!

Affordable and easy to make payments

I was worried about getting electricity for my home through a prepaid company. I was calling around to see different rates then going through all the hassle of credit checks while dropping points each…

Christine M. in Killeen

Happy Customer

I have been with this company for several years and have been very happy since. Even when I moved, they made my usually stressful situation very easy and carefree. I recommend them to everyone that I…

Julia L. in Webster

Long term customer

I have enjoyed the service for 2 years now. In the beginning this service was planned to be temporary but with the service being so effective for me i decided to keep it for the long haul. I’m a happy customer.

Kalandra H. in McKinney