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

Waco Electricity Rates

Edited by Rafael Morales
Last updated:

The cheapest True Fixed electricity rate in Waco today for a 12 to 23 month term is 11.3¢/kWh at 1,000 kWh, from True Power. Across the 56 True Fixed plans in that range we track in Waco, the average is 13.8¢/kWh. Both numbers account for the energy provider’s charges and all TDU delivery and base charges, so they reflect what you actually pay.

That 11.3¢ is the floor for a real fixed rate in Waco on a term of 12 months or longer. If you see a 12-month-or-longer plan advertised well below this rate, it is almost certainly a bill credit plan. Those rates only apply if your monthly usage lands inside a narrow window, usually right around 1,000 kWh. Over a year you will likely miss it in at least 4 months (overpaying $400 or more), using too little or too much. Clear Energy Facts does not recommend these plans.

Every plan listed here is True Fixed. If you are looking for a different plan type in Waco, we track those separately: Best Free Nights plans, Best Free Weekends plans, and No-credit-check prepaid plans.

Our Recommendation

Our Recommendation
Swipe left or right to compare term lengths
12-23 Months
24-35 Months
36+ Months
Photo by Donald Guy Robinson on Unsplash

Best True Fixed Plans in Waco

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

Check details in your area
1st
True Power
Review Check Availability
True Value 12
PTC
Sep 13
12 months
500 KWH
11.8¢
1000 KWH
11.3¢
2000 KWH
11.1¢

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

⚠️ 2% fee for payments outside AutoPay.

2nd
3rd
Express Energy
Review Check Availability
Express Energy Speedy 12SM
PTC
Sep 13
12 months
500 KWH
11.8¢
1000 KWH
11.4¢
2000 KWH
11.2¢

Top concerns

⚠️⚠️⚠️ One of the lowest ratings on Google Reviews

4th
Varsity Energy
Review Check Availability
HOMERUN 12
Company website
Sep 11
12 months
500 KWH
12.0¢
1000 KWH
11.6¢
2000 KWH
11.4¢

Top concerns

⚠️ ⚠️ ⚠️ Risk of account being transferred

5th
6th
Gexa Energy
Review Check Availability
Gexa Eco Choice 12
100% Renewable
PTC
Sep 13
12 months
500 KWH
12.1¢
1000 KWH
11.6¢
2000 KWH
11.4¢

Top concerns

⚠️ Common negative review: higher rates at renewal.

7th
Octopus Energy
Review Check Availability
Octo Simple 12
100% Renewable
PTC
Sep 13
12 months
500 KWH
12.0¢
1000 KWH
11.6¢
2000 KWH
11.4¢

Top concerns

⚠️ ⚠️ 2% Credit/debit card processing fee

8th
Energy Texas
Review Check Availability
No Bull 12 - 12 month plan
100% Renewable
PTC
Sep 13
12 months
500 KWH
11.6¢
1000 KWH
11.6¢
2000 KWH
11.7¢
9th
Rhythm
Review Check Availability
Digital Choice 12 - 12 month plan
100% Renewable
PTC
Sep 13
12 months
500 KWH
11.6¢
1000 KWH
11.6¢
2000 KWH
11.7¢
10th
Texans Choice Power
Review Check Availability
Choose 12
Company website
Sep 07
12 months
500 KWH
12.4¢
1000 KWH
12.0¢
2000 KWH
11.8¢

Top concerns

⚠️ Limited public review history: no active Google reviews profile

11th
Southern Federal
Review Check Availability
SoFed Digital Saver Plus - 12
Company website
Sep 11
12 months
500 KWH
12.7¢
1000 KWH
12.2¢
2000 KWH
12.0¢
12th
Varsity Energy
Review Check Availability
HOMERUN 16
Company website
Sep 11
16 months
500 KWH
12.6¢
1000 KWH
12.2¢
2000 KWH
12.0¢

Top concerns

⚠️ ⚠️ ⚠️ Risk of account being transferred

13th
14th
Atlantex Power
Review Check Availability
Luminous
Exclusive Offer
Sep 09
12 months
500 KWH
12.8¢
1000 KWH
12.4¢
2000 KWH
12.2¢

Top concerns

⚠️ Limited public review history: no active Google reviews profile

15th
Abundance Energy
Review Check Availability
Confident Renter 12
Company website
Sep 11
12 months
500 KWH
12.9¢
1000 KWH
12.5¢
2000 KWH
12.3¢

Top concerns

⚠️ Common negative review: long wait times on customer service calls.

16th
Abundance Energy
Review Check Availability
Fixed Rate – Straight Forward 12
Company website
Sep 11
12 months
500 KWH
13.5¢
1000 KWH
12.6¢
2000 KWH
12.2¢

Top concerns

⚠️ Common negative review: long wait times on customer service calls.

17th
Atlantex Power
Review Check Availability
Luminous Green
100% Renewable
Exclusive Offer
Sep 09
12 months
500 KWH
13.3¢
1000 KWH
12.9¢
2000 KWH
12.7¢

Top concerns

⚠️ Limited public review history: no active Google reviews profile

18th
19th
Cleansky Energy
Review Check Availability
Embrace Green 12 - Fixed Rate Product
100% Renewable
Company website
Sep 11
12 months
500 KWH
13.4¢
1000 KWH
13.0¢
2000 KWH
12.8¢
20th
Cleansky Energy
Review Check Availability
Affordable Wind 12 - Fixed Rate Product
100% Renewable
Company website
Sep 11
12 months
500 KWH
13.5¢
1000 KWH
13.1¢
2000 KWH
12.9¢

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%

What a typical Waco home pays for electricity

Based on Waco's housing profile, a medium house with electric heat is the most common setup in the city. Priced at the average of every 12 month True Fixed plan in Waco, that runs about $1,879 a year, or roughly $157 a month, though the monthly figure swings with the season.

Use this as a reference point. If your usage is similar to the profile below and your bill is well above these numbers, you are probably overpaying.

Change the profile if yours is different.

Estimated yearly cost

$1,879

Sum of the four seasonal blocks

Average month

$157

Seasons swing above and below this

Season Usage Estimated Bill per month
Dec - Feb -- --
Mar - May -- --
Jun - Aug -- --
Sep - Nov -- --

The Real Cost of Gimmicky Bill-Credit Plans in Waco

Unfortunately, bill-credit plans dominate search results and social media advertising in Waco's deregulated electricity market. Their “as low as” rates appeal to shoppers—but what is the real cost?
The table below shows why these plans do not guarantee the advertised rate and estimates the actual rate you could pay.

These calculations are based on average usage by housing type, so individual results can vary significantly. Nevertheless, many households in Waco will have similar usage profiles and could end up overpaying.

Use the filters to apply the plan’s actual charges and credits to different Waco housing and heating profiles over 12 months.

Estimated yearly cost

$1,864

Average month

$155

True yearly rate

13.7¢

Total annual bill divided by annual usage

Season Usage (kWh) Energy + delivery Base cost Bill credit Estimated bill Effective rate
Dec - Feb 1,200 $225.52 $4.06 −$125.00 $104.59 8.7¢
Mar - May 850 $159.75 $4.06 $0.00 $163.81 19.3¢
Jun - Aug 1,600 $300.70 $4.06 −$125.00 $179.76 11.2¢
Sep - Nov 900 $169.15 $4.06 $0.00 $173.21 19.3¢

Top 5 Reviewed Electricity Companies in Waco

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

Rank #1 Score 4.59/5
Spark Energy

Spark Energy

★ ★ ★ ★ ★

From 10.2¢ @ 1000 kWh

2 eligible plans

Read Full Review
Rank #2 Score 4.53/5
Varsity Energy

Varsity Energy

★ ★ ★ ★ ★

From 11.6¢ @ 1000 kWh

2 eligible plans

Read Full Review
Rank #3 Score 4.29/5
Cleansky Energy

Cleansky Energy

★ ★ ★ ★ ★

From 12.6¢ @ 1000 kWh

6 eligible plans

Read Full Review
Rank #4 Score 4.24/5
Champion Energy

Champion Energy

★ ★ ★ ★ ★

From 13.4¢ @ 1000 kWh

4 eligible plans

Read Full Review
Rank #5 Score 4.23/5
Constellation

Constellation

★ ★ ★ ★ ★

From 10.9¢ @ 1000 kWh

2 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 True Power — True Value 12, with a rate of 11.3¢/kWh at 1000 kWh.

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

Priced at the average of every 12 month True Fixed plan in Waco, the estimated monthly bill for a studio apartment with electric heating is $72.79. That average includes the TDU delivery charges and assumes no provider base charge, so it works as a reference point: a similar home paying well above it is probably on an expensive plan.

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

Priced at the average of every 12 month True Fixed plan in Waco, the estimated monthly bill for a medium house with electric heating is $156.61. That average includes the TDU delivery charges and assumes no provider base charge, so it works as a reference point: a similar home paying well above it is probably on an expensive plan.

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

Priced at the average of every 12 month True Fixed plan in Waco, the estimated monthly bill for a large house with gas heating is $198.52. That average includes the TDU delivery charges and assumes no provider base charge, so it works as a reference point: a similar home paying well above it is probably on an expensive plan.

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.