Compare Waco Electricity Rates
Waco residents live in a deregulated region of Texas. This structure gives you the power to select a retail electric provider (REP) to manage your monthly billing and energy plan. Because companies must compete for your business, you have access to a wide variety of rates and contract terms that aren’t available in regulated cities.
Waco residents can shop for their own retail electric provider, but the local grid is still maintained by Oncor Electric Delivery. Oncor is the area’s Transmission and Distribution Utility (TDU), which means it takes care of the poles, power lines, and meters. It is also the company that responds to outages, repairs damaged equipment, and restores power, no matter which retail provider you choose.
What Makes Up Your Waco Energy Bill?
Your total monthly expense generally consists of your provider’s energy rate and Oncor’s regulated delivery fees. Understanding how these separate components affect your Waco electricity rates is the first step to finding a plan that fits your household budget.
- Energy Rate: This is the price per kilowatt-hour (kWh) set by your retail electric provider (REP). This is the competitive part of your bill that you can compare across providers on the Best Electric Rates platform.
- Base Charges and Fees: Some retail providers add a flat monthly base fee to their plans, which applies regardless of how much power your home consumes. It is important to look for these fixed fees when shopping, as they can increase the overall cost for households with lower usage.
- Regulated TDU Delivery Charges: These charges cover the cost of moving electricity to your home, maintaining the local grid, and managing your meter. They are set and regulated by the Public Utility Commission of Texas (PUCT), so your provider passes them through at cost. That means these fees stay the same no matter which retail electric provider you choose. As of May 2026, Oncor charges a monthly base fee of $4.23, plus an energy delivery charge of 5.62¢ per kWh.
| Provider + Plan Name | Plan Rate | Plan Length |
|---|---|---|
| Chariot Energy - GridPlus 12 | 7.2¢ | 12 months |
| Frontier Utilities - Frontier Saver Plus 12 | 7.8¢ | 12 months |
| Gexa Energy - Gexa Eco Saver Plus 12 | 7.8¢ | 12 months |
| APG&E - SimpleSaver 12 | 7.8¢ | 12 months |
| Companion Energy - Companion Savings + Benefits 12 | 7.8¢ | 12 months |
| Energy Texas - The Lone Saver Plus 12 | 7.8¢ | 12 months |
| Rhythm Energy - Rhythm Max Saver 12 | 7.8¢ | 12 months |
| BKV Energy - Lantana 12 | 13.7¢ | 12 months |
| Express Energy - Fast Lane 12 | 14.9¢ | 12 months |
| Atlantex Power - Luminous 12 | 16.1¢ | 12 months |
Decoding Your Electricity Facts Label (EFL)
Every Waco electricity plan includes a standardized document called the Electricity Facts Label (EFL). It gives you a quick way to compare plans by showing prices at common usage levels, contract terms, and extra fees.
This matters because some plans use bill credits or tiered pricing. A rate that looks low at one usage level may be much higher at another. Before choosing a plan, check the price that lines up closest with your household’s normal monthly electricity use:
- 500 kWh: Standard for small apartments.
- 1,000 kWh: The benchmark for a typical medium-sized home.
- 2,000 kWh: Typical for larger homes with high cooling demands.
By reviewing the Electricity Facts Label (EFL) before you sign, you can better estimate how Waco electricity rates may apply to your actual monthly consumption.
Planning on Moving to Waco?
Relocating to Waco may require a quick decision regarding your electricity: transferring your current contract or switching to a new plan that better matches your home and contract timeline. Before moving day arrives, reach out to your existing retail provider to see whether your current plan can be transferred to your new address within the local Oncor network. If possible, scheduling this transfer in advance may allow your existing per-kWh energy charge to be applied to the new address, depending on your provider’s rules and plan availability.
- If your current provider does not serve the Waco area, or you want to compare plans for your new home, you will need to set up new service. Best Electric Rates makes that easier by letting you compare local plans side by side. Enter your new Waco ZIP code to find options that match your expected usage, contract preferences, and budget.
Switching Electricity Companies in Waco
Pro Tip: Planning on moving? The Moving Rule: your electricity contract is tied to your current service address, not your new home. That means you can cancel without an early termination fee (ETF), though your provider may ask for a forwarding address and reasonable proof of the move.
Common Waco Energy Plan Types
- Fixed-rate Energy Plans: Fixed-rate plans are a common option for Waco residents who want more predictable energy pricing. These plans lock in your per-kWh energy charge for the length of the contract, helping protect you from energy-charge changes during high-demand seasons. Many providers offer fixed-rate plans with terms of 12, 24, or 36 months. The best term depends on how long you plan to stay at your address and how much flexibility you want. Your energy charge stays the same, but your monthly bill can still change based on how much electricity you use and the utility’s regular delivery fees.
- Time-of-Use Plans: Some plans offer lower energy rates during certain times, such as nights or weekends. The trade-off is that daytime rates are usually higher to offset the discounted periods. These plans may work well for households that can shift major electricity use to off-peak hours. That could include electric vehicle (EV) charging, laundry, running the dishwasher, or cooling the home during lower-rate windows.
- Usage or Bill Credit Plans: Some Waco electricity plans include a bill credit once your usage reaches a set threshold, such as 1,000 kWh. For homes that consistently hit that level, these plans may be worth comparing. They can be less forgiving if your usage changes from month to month. If you fall short of the required usage level, your average price per kWh can rise quickly.
- Green Energy Plans: If you are interested in supporting green energy, many providers in Waco offer plans backed by Renewable Energy Certificates (RECs). These plans support cleaner energy projects from sources like solar, wind, and other renewables without requiring you to change how your household uses electricity. You can check the exact percentage of renewable content in the “Disclosure Chart” on any plan’s Electricity Facts Label (EFL).
Pro Tip: For older, larger, or less-efficient Waco homes, compare plans at both 1,000 and 2,000 kWh. Review the Electricity Facts Label against your expected seasonal usage, and do not choose a plan based only on the 2,000 kWh rate.
FAQs
Is Waco a deregulated city?
Yes. Since 2002, Waco has been part of the deregulated Texas energy market. This means residents must choose a retail electric provider (REP) for their electricity billing and cannot buy power directly from the utility company, Oncor.
Who do I call if my power goes out in Waco?
In the event of an outage or a downed power line, you should contact Oncor directly at 1-888-313-4747 or by texting OUT to 66267 to report an outage. Your retail provider only handles billing and account management; Oncor is responsible for the physical grid and restoration.
Are variable-rate plans recommended?
While we generally do not recommend variable-rate plans for standard households, the value of doing so depends on your specific living situation. These plans do not require a long-term contract or an early termination fee (ETF), which may make them a useful choice for short-term living arrangements, temporary relocations, or students who need maximum flexibility.
However, the trade-off for this flexibility is a complete lack of price certainty, as your per-kWh energy charge can fluctuate significantly from month to month based on wholesale market conditions. For residents staying in their home for a year or longer, a fixed-rate plan often offers much better long-term price stability and protection against unexpected cost spikes.
Ready to Find a Better Energy Rate for Your Home?
Enter your ZIP code today to see how much you could save on your next bill!