Waco Electricity Rates 2026
Compare electricity plans from top-rated providers serving Waco, Texas — fixed-rate, variable-rate, and 100% renewable options.
Waco and McLennan County are served by Oncor Electric Delivery, placing the city squarely within Texas's competitive deregulated electricity market. Waco sits along the I-35 corridor between Dallas and Austin — a region that has seen substantial population and commercial growth driven in part by Baylor University's expansion and the broader "Fixer Upper" tourism economy that put the city on the national map. Oncor serves both the urban Waco core and outlying McLennan County communities including Woodway, Hewitt, and China Spring.
Waco's electricity rates are generally in line with the broader Oncor territory average. The city's mix of university housing, historic neighborhoods, and new-construction suburban growth creates varied consumption patterns. Students and renters in older housing often pay higher per-kWh effective rates due to lower insulation quality, while newer homes in the Hewitt and Woodway corridors benefit from modern building codes.
REPs serving Waco ZIP codes include TXU Energy, Gexa Energy, Reliant Energy, Champion Energy, 4Change Energy, Pulse Power, BKV Energy, Discount Power, and Cirro Energy.
Waco Shopping Tip: Baylor University and McLennan Community College students renting apartments should confirm whether utilities are individually metered or master-metered before signing a lease — master-metered properties are billed by the landlord and cannot be individually switched to a competing REP.
Cheapest Plans in Waco
Updated July 2026Plans serving the Oncor delivery area. Estimates assume 1,000 kWh/month.
Understanding Waco's Electricity Market
Waco's Economy & Energy Demand
Waco's economy is anchored by Baylor University, which drives significant employment and economic activity. The city gained national recognition through the Magnolia Market at the Silos, which transformed Waco into a major tourist destination. SpaceX's test facility in nearby McGregor also contributes to the region's growing tech presence.
Energy Market in Waco
Waco is fully within Oncor's deregulated territory, giving all residents the ability to choose from dozens of competing electricity suppliers. Despite being a smaller market than DFW, Waco residents have access to the same Oncor-served providers and competitive rates.
Oncor Delivery Charges
Oncor Electric Delivery serves Waco with the same delivery rates available across its entire service territory. This gives Waco residents the benefit of low delivery charges combined with competitive supply rates from the deregulated market.
Seasonal Energy Costs in Waco
Waco has a moderate Central Texas climate that is more temperate than Gulf Coast cities but still hot in summer. The best time to shop for rates is during spring (March-May) or fall (September-October), when shoulder-season rates tend to be most competitive. Summer peaks are shorter than Houston or Corpus Christi.
Neighborhood Energy Differences
Neighborhoods near Baylor University have a high concentration of rental properties and student housing with varying energy efficiency. Newer developments along the Lake Waco area and China Spring feature more modern, efficient homes. Historic homes in the Castle Heights area may have charm but often lack modern insulation.
Waco Market Insight
Market fact
Waco is fully within Oncor's deregulated territory, giving all residents the ability to choose from dozens of competing electricity suppliers.
Local saving tip
Waco's mild springs and falls make shoulder-season switching (March or October) ideal — you can often find better rates before summer demand.
How to Choose the Best Electricity Plan in Waco
Check Your Average Monthly Usage
Look at your past bills to see how many kilowatt-hours (kWh) you use per month. Most plans show rates at 500 kWh, 1,000 kWh, and 2,000 kWh usage levels. Choose a plan optimized for your actual usage pattern.
Read the Electricity Facts Label (EFL)
Every plan must provide an EFL that shows the true average rate at different usage levels. Look for base charges, minimum usage fees, and how the rate changes with usage. Learn how to read an EFL.
Consider Contract Length
Fixed-rate plans typically range from 3 to 36 months. Longer contracts may offer lower rates but include early termination fees if you need to cancel. Month-to-month plans offer flexibility but may have higher or variable rates.
Understand TDSP Charges
Your Oncor TDSP charges are the same no matter which provider you choose. These fees cover the cost of delivering electricity through power lines to your home. Learn about TDSP charges.
Look for Renewable Energy Options
Many providers in Waco offer 100% renewable electricity plans powered by Texas wind and solar. These green plans are often competitively priced with traditional plans and help reduce your carbon footprint.
Top Electricity Providers in Waco
TXU Energy
One of Texas's largest providers with a wide variety of fixed and variable rate plans.
View Plans →Reliant Energy
Popular Texas provider offering flexible plans with rewards and renewable options.
View Plans →Gexa Energy
Known for 100% green energy plans and competitive rates across Texas.
View Plans →Pulse Power
Offers prepaid and traditional plans with no deposit options.
View Plans →Rhythm Energy
100% renewable energy with smart home integration and no long-term contracts.
View Plans →Green Mountain Energy
Pioneer in renewable energy with 100% solar and wind-powered plans.
View Plans →Frequently Asked Questions About Waco Electricity
What is the average electricity rate in Waco?
Electricity rates in Waco vary by provider and plan type. The best rate depends on your usage level, contract length, and whether you choose a fixed or variable plan. Use our comparison tool above to see current rates from all available providers.
Who is the electricity utility in Waco?
Waco is served by Oncor. This is your Transmission and Distribution Service Provider (TDSP), which maintains the power lines and infrastructure. However, you can choose your electricity supplier (REP) from many competitive providers for your actual electricity supply.
Can I switch electricity providers in Waco?
Yes! Waco is in Texas's deregulated electricity market, which means you can choose from multiple retail electricity providers (REPs). Switching is easy, takes about 5 minutes online, and won't interrupt your service. Your Oncor infrastructure remains the same.
What's the best electricity plan in Waco?
The best electricity plan depends on your household usage, whether you prefer fixed or variable rates, contract length preferences, and if you want renewable energy. Plans with 12-month fixed rates are popular for budget stability. Compare all available plans above to find the best fit for your needs.
Are there any green energy options in Waco?
Yes! Many electricity providers in Waco offer 100% renewable energy plans sourced from Texas wind and solar farms. Popular green providers include Rhythm Energy, Green Mountain Energy, and Gexa Energy. These plans are often competitively priced with non-renewable options.
How do I switch electricity providers in Waco?
Switching is simple: 1) Compare plans and choose one, 2) Sign up online with your chosen provider (takes about 5 minutes), 3) Your new provider handles the switch with Oncor, 4) Service continues uninterrupted. There's no need to contact your old provider unless you have an early termination fee.
What are TDSP charges in Waco?
TDSP (Transmission and Distribution Service Provider) charges are fees paid to Oncor for maintaining the physical infrastructure that delivers electricity to your home. These fees are the same regardless of which retail provider you choose and typically appear as a separate line item on your bill.
What are the cheapest electricity plans in Waco right now?
Waco benefits from Oncor's competitive market with supply rates that vary by provider, plan type, and contract length. Shoulder seasons (spring and fall) often feature the best introductory rates. Check the comparison tool above for today's lowest available rates in Waco ZIP codes.
How much does the average Waco household pay for electricity?
The typical Waco household bill is moderate for Texas. Waco's mild Central Texas climate means energy costs are generally lower than Gulf Coast or West Texas cities with more extreme temperatures.
Is Waco in a deregulated electricity market?
Yes, Waco is fully deregulated within the Oncor Electric Delivery territory. All residential and commercial customers can choose their retail electricity provider from the same pool of 60+ REPs available across the Oncor service area.
Do Baylor students get special electricity rates in Waco?
There are no special student rates, but students in off-campus housing can shop for plans that fit their needs. Short-term plans (3-6 months) or month-to-month plans without early termination fees are popular with students who may only need service during the academic year.
When is the best time to switch electricity providers in Waco?
March through May and September through October typically offer the best rates in Waco. The moderate climate means demand spikes are shorter than in Houston, and providers often offer competitive rates during these shoulder seasons to attract new customers.
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