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Waco Electricity Rates

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The deregulation of electricity in Texas is a case of successful business development when it comes to the distribution of electricity and organization of competition. Not only does the deregulation of energy help in lowering the rates of electricity, it has some long-term benefits too.

The competitive edge of maintaining several providers along with a singular utility board that regulates price creates a scenario of effective control. There have been promising signs in several deregulated states relating to greener energy, improved energy technology as well as the growth of electrical grids. The hope is to create a country where deregulation of electricity is the norm and leads to innovation and development of the sector of electricity production itself.

These low rates are also available in Waco, Texas. The electricity rates in Waco are similar to the rates in most other Texas towns. The rates generally hover around the state average as well. A quick look at the rates can give a good idea of how Texas is not too expensive when it comes to electricity.

Residential Electricity Rates in Waco

The state average of residential electricity rates in Texas is 10.98 cents/kWh. The rate in Waco is 7.65% lower than the state average at 10.14 cents per kWh. This figure is taken as the local rate when calculating monthly costs. When compared to national figures, 10.14 cents per kWh is 14.65% less than the national average of 11.88 cents/kWh of electricity.

1-Bedroom Apartment

The approximate surface area of a 1-bedroom apartment is taken as 750 square feet while the average electrical consumption in the state of Texas is 750 kWh per month. The local rate for residential consumption in Waco is 10.14 cents per kWh. Simple multiplication of these figures would give us the monthly electrical consumption — 10.14 c/kWh X 750 kWh/month. This figure, the cost of powering a 1-bedroom apartment, would come out to be $76.

2-Bedroom Apartment

The relatively larger area of a 2-bedroom apartment would reflect in the square footage as well as the final cost. This average surface area is taken as 1,000 square feet, while the consumption is taken as 880 kWh/month instead of 750 kWh/month. The local cost of 10.14 cents for every kWh in Waco is then multiplied to this. Thus, the total cost of powering a 2-bedroom apartment in Waco would be approximately $90 (10.14 c/kWh X 880 kWh/month).

House

The surface area of a house in Texas is taken to be the double of a 2-bedroom apartment. So the surface area of a house in Waco is taken as 2,000 square feet. Instead of 880 kWh, the average electricity consumed is taken at 1325 kWh per month. When the residential rate of 10.14 cents per kWh is added to the equation, the final cost of powering a house in Waco comes out to be $135. There might be a few months where the consumption is above average, but the winter is not too harsh in Waco.

Commercial Electricity Rates in Waco

Commercial electricity rates in Waco follow the opposite trend as compared to residential electricity rates. While the residential electricity rates are lower than the state average, the commercial electricity rates are higher than average. Electricity for commercial use is available at 9.12 cents per kWh in Waco. While the national range of commercial rates goes from 6.86 cents per kWh to 34.88 cents per kWh, the rate of 9.12 cents per kWh happens to be 9.61% less than the national average of 10.09 cents per kWh.

Industrial Electricity Rates in Waco

Industrial electricity rates are the most subsidized between all the sectors in electricity provision. In Waco, they are subsidized even more than other cities in the state. The average industrial electricity rate in Waco is 5.49 cents per kWh. This average is 1.44% less than the state average of industrial electricity rates. With the national average of industrial rates being at 6.67 cents per kWh, the industrial electricity rates in Waco are 17.69% less than the national average — quite a substantial difference.

Just like this, simple multiplication will help you arrive at the estimated costs, which you can allocate in your monthly expenses. In the larger picture, the average Texan uses about 1,171 kWh of power every month. The rates of electricity are cheaper than the state average for residential purposes as well as industrial purposes. These low industrial rates are the crux behind the encouragement of industrial development in Texas. This could be a tremendous market to spur renewable energy production if adequate measures are taken to replace coal-generated electricity with renewable sources.

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About Payless Power

Payless Power wants to be your Texas electric company.

Whether you live in a large city or small town, we can save you money with pay as you go electricity! Where do we provide Texas electricity? We service customers with no deposit electricity in more than 400 deregulated communities in Texas. We work with principal utilities throughout the state of Texas to provide prepaid electricity. The utilities are: Oncor in the Dallas / Fort Worth Metroplex and various parts of West Texas; CenterPoint Energy in Houston and the surrounding areas; AEP Central in Corpus Christi and surrounding areas; AEP North in Abilene and other North Texas communities.

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