Landscape of Baylor University campus featuring Pat Neff Hall in Waco Texas, a key deregulated electricity market in the Oncor TDU territory

Best Electricity Rates in Waco

Edited by Rafael Morales
Last updated:

To find the best electricity rates in Waco, we compare plans from provider websites, Power to Choose, and select sponsor offers. We only show True Fixed plans—no gimmicks, no free night traps, and no hidden fees.

For a list of the best Free Nights, Free Weekends, and Prepaid plans in Waco, follow these links: Best Free Nights plans, Best Free Weekends plans, and No-credit-check prepaid plans.

Our Recommendation

Our Recommendation
Photo by Donald Guy Robinson on Unsplash

Cheapest Electricity Rates in Waco

True Fixed Rate plans only, enter zipcode for full list and more details

Check details in your area
1st
Budget Power
Review Check Availability
No Gimmicks 14 - Oncor
PTC
Apr 29
14 months
500 KWH
12.6¢
1000 KWH
12.1¢
2000 KWH
11.9¢

Top concerns

⚠️⚠️⚠️ Risk of account being transferred

⚠️⚠️⚠️ High Complain Ratio. 1 on PUCT score

⚠️⚠️ Poor Customer Service on Google Reviews

2nd
Southern Federal
Review Check Availability
SoFed Better Rate Plus - 14
Company website
Apr 29
14 months
500 KWH
13.1¢
1000 KWH
12.1¢
2000 KWH
11.7¢

Top concerns

⚠️ High Complain Ratio. 2 on PUCT score

PTC
Apr 29
12 months
500 KWH
12.6¢
1000 KWH
12.2¢
2000 KWH
12.0¢

Top concerns

⚠️ ⚠️ ⚠️ Risk of account being transferred

⚠️ ⚠️ ⚠️ Need to call for Autopay setup

⚠️ ⚠️ One of the highest cancellation fees

⚠️ ⚠️ High Complain Ratio. 1 on PUCT score

4th
Budget Power
Review Check Availability
No Gimmicks 12 - Oncor
PTC
Apr 29
12 months
500 KWH
12.8¢
1000 KWH
12.3¢
2000 KWH
12.1¢

Top concerns

⚠️⚠️⚠️ Risk of account being transferred

⚠️⚠️⚠️ High Complain Ratio. 1 on PUCT score

⚠️⚠️ Poor Customer Service on Google Reviews

Company website
Apr 29
12 months
500 KWH
12.8¢
1000 KWH
12.3¢
2000 KWH
12.1¢

Top concerns

⚠️ ⚠️ ⚠️ Risk of account being transferred

⚠️ ⚠️ High Complain Ratio. 1 on PUCT score

6th
Octopus Energy
Review Check Availability
Octo Green 12
100% Renewable
Company website
Apr 13
12 months
500 KWH
12.9¢
1000 KWH
12.4¢
2000 KWH
12.2¢

Top concerns

⚠️ ⚠️ 2% Credit/debit card processing fee

7th
Budget Power
Review Check Availability
No Gimmicks Green 12
100% Renewable
PTC
Apr 29
12 months
500 KWH
12.9¢
1000 KWH
12.4¢
2000 KWH
12.2¢

Top concerns

⚠️⚠️⚠️ Risk of account being transferred

⚠️⚠️⚠️ High Complain Ratio. 1 on PUCT score

⚠️⚠️ Poor Customer Service on Google Reviews

8th
Gexa Energy
Review Check Availability
Gexa Eco Choice 12
100% Renewable
PTC
Apr 29
12 months
500 KWH
13.1¢
1000 KWH
12.6¢
2000 KWH
12.4¢
9th
Companion Energy
Review Check Availability
Companion + Perks 12
PTC
Apr 29
12 months
500 KWH
13.1¢
1000 KWH
12.6¢
2000 KWH
12.4¢
10th
Frontier
Review Check Availability
Frontier Power Saver 12
PTC
Apr 29
12 months
500 KWH
13.1¢
1000 KWH
12.6¢
2000 KWH
12.4¢

Showing the best available 500 / 1000 / 2000 kWh prices for the selected term range. Sources include PowerToChoose (“PTC”) and direct provider sites. We are not affiliated with PowerToChoose.org or the Public Utility Commission of Texas; these offers are shown for informational purposes only.

TDU Contact and Outage Information for Waco

The main ZIP codes for Waco are 76701, 76704, 76705, 76706, 76707, 76708, 76710, 76711, and 76712. Oncor delivers electricity to homes in Waco and is also the company you should contact if you experience a power outage in your area.

Utility Service Contacts

ONCOR

Visit TDU Website Open Outage Map

Support Phone

888-313-4747

Waco Housing & Heating Facts

Local housing and heating composition based on city profile inputs.

Median Year Built

1979

In Waco, both summer heat and winter cold can affect electricity use. Summer air conditioning is usually the biggest driver of electric bills, but winter heating can also raise usage, especially in homes or apartments with electric heat. The table below helps you compare estimated bill differences based on your housing type and heating setup.

Energy Tip: If your home has an electric water heater, periodic flushing can help reduce sediment buildup and keep the unit running efficiently.

Source: U.S. Census Bureau. "Selected Housing Characteristics." American Community Survey, ACS 5-Year Estimates Data Profiles, Table DP04.

Heating Type Share

Electricity 67.2%
Gas 30.9%
Other 1.9%

Housing Mix Share

House 61.4%
Apartment 27.3%
Other 11.3%

Bill Estimator in Waco Using Competitive Market Rates

Pick housing type, heating type, and plan type to estimate seasonal monthly bills.

Bill Estimator for Apartments

Atlantex Power

Luminous

Atlantex Power · 14 mo

Check Availability
Season Usage Estimated Bill
Dec - Feb -- --
Mar - May -- --
Jun - Aug -- --
Sep - Nov -- --

Bill Estimator for Houses

Atlantex Power

Luminous

Atlantex Power · 14 mo

Check Availability
Season Usage Estimated Bill
Dec - Feb -- --
Mar - May -- --
Jun - Aug -- --
Sep - Nov -- --

Top 5 Reviewed Electricity Companies in Waco

Highest review scores among True Fixed providers currently listed for Waco.

Rank #1 Score 4.48/5
Abundance Energy

Abundance Energy

★ ★ ★ ★ ★

From 12.8¢ @ 1000 kWh

9 eligible plans

Read Full Review
Rank #2 Score 4.25/5
Branch Energy

Branch Energy

★ ★ ★ ★ ★

From 13.6¢ @ 1000 kWh

1 eligible plans

Read Full Review
Rank #3 Score 4.2/5
Cleansky Energy

Cleansky Energy

★ ★ ★ ★ ★

From 12.3¢ @ 1000 kWh

8 eligible plans

Read Full Review
Rank #4 Score 4.2/5
Constellation

Constellation

★ ★ ★ ★ ★

From 11.8¢ @ 1000 kWh

2 eligible plans

Read Full Review
Rank #5 Score 4.2/5
Champion Energy

Champion Energy

★ ★ ★ ★ ★

From 13.5¢ @ 1000 kWh

4 eligible plans

Read Full Review

How Switching Electricity Plans Works in Waco: The 14-Day Rule

This is one of the most misunderstood parts of shopping for electricity in Waco and across Texas. Many people think they have to wait until the last day of their contract to switch, but that is not true. If you wait too long, you could end up rolling onto a high month-to-month rate.

In Texas, you can switch to a new electricity provider up to 14 days before your current contract ends without paying an early termination fee. That means you do not have to wait until the exact expiration date. As long as your new plan starts within that 14-day window, your current provider cannot charge you a penalty for leaving early.

Even though the penalty-free window is 14 days, you can usually shop much earlier than that. Many providers let you lock in a new rate 30 to 60 days in advance, and sometimes even earlier. When you enroll, you can usually choose a future start date so the new plan begins when your current contract ends.

In most cases, the switch is handled for you. When you sign up with a new provider, they coordinate the change through the Texas grid system, so you do not have to cancel your old service separately under the normal switching process.

There is no interruption in power, and there should not be any overlap in service. Your old provider bills you through the switch date, and the new provider takes over after that. Most switches happen on the next meter read date, but in many cases you can also request a specific switch date to line up with your contract end date.

Types of Electricity Plans Available in Waco

If you are shopping for electricity in Waco, you will see several different plan types. Some are simple and easy to understand, while others depend on your monthly usage, the time of day, or special equipment in your home.

  • Truly Fixed Plans: These plans keep the same energy rate for the full contract term, which makes them one of the most predictable options in Waco.
  • Bill Credit Plans: These plans give you a bill credit only when your monthly usage falls within a certain range, so your real rate can change a lot from month to month. Almost all comparison websites feature this kind of plan.
  • Tiered Plans: These plans use different pricing levels based on how much electricity you use during the billing cycle. These plans are very common among large companies such as Reliant and TXU.
  • Free or Discount Nights Plans: These plans offer free or lower-priced electricity at night, but the daytime rates are often much higher. Reliant, TXU, Infuse, Revolution, Green Mountain, Amigo, and Just Energy are some of the companies that offer these kinds of plans.
  • Free or Discount Weekends Plans: These plans give you free or discounted electricity on weekends, but weekday pricing may be less attractive.
  • Buyback Plans: These plans are made for homes with solar panels and let you receive credit for extra electricity sent back to the grid.
  • Special Equipment Plans: These plans are linked to certain devices, such as smart thermostats, and may include special discounts or program benefits. Octopus and Think Energy are two companies that usually offer this type of plan.
  • EV Plans: These plans are designed for electric vehicle owners and usually offer better pricing during overnight charging hours.
  • Prepaid Plans: These plans let you pay in advance for electricity and usually do not require a long contract, though you must keep enough balance in the account.
  • Variable Plans: These plans do not lock in a fixed rate, so the price can go up or down each month.

Frequently Asked Questions about Electricity Rates in Waco

What is the best 12-month True Fixed rate in Waco right now?

The Cheapest 12-month True Fixed plan right now in Waco is Budget Power — No Gimmicks 14 - Oncor, with a rate of 12.1¢/kWh at 1000 kWh.

What is the average electricity bill in Waco for a studio apartment (electric heating)?

Using our recommended 12-month style plan Luminous from Atlantex Power, the estimated monthly bill in Waco for a studio apartment with electric heating is $70.39.

What is the average electricity bill in Waco for a medium house (electric heating)?

Using our recommended 12-month style plan Luminous from Atlantex Power, the estimated monthly bill in Waco for a medium house with electric heating is $136.54.

What is the average electricity bill in Waco for a large house (gas heating)?

Using our recommended 12-month style plan Luminous from Atlantex Power, the estimated monthly bill in Waco for a large house with gas heating is $178.49.

How do I know if a plan I choose is a True Fixed plan in Waco?

If you find a plan that looks good on another provider’s website, in an online ad, or even on Power to Choose, you can still use Clear Energy Facts to double-check it.

First, download or open the plan’s Electricity Facts Label (EFL). Then compare it using our EFL Inspector: EFL Inspector .

This tool helps you tell whether a plan is truly fixed, a bill-credit plan, a free nights/weekends offer, or something else.

Which TDU serves Waco?

The primary TDU serving Waco is ONCOR. This TDU owns and maintains local delivery poles and wires, and also manages outage restoration.

How do I confirm the correct TDU for my address in Waco?

Check your current electricity bill or service paperwork for the delivery utility name. If you are moving, enter your ZIP code and address during enrollment to confirm the exact TDU.