Waco electricity rates
Waco electricity rates typically range from 10.5¢ to 22¢ per kilowatt-hour (kWh) for residential customers. According to the past 12 months of marketplace data, the average electricity rate in Waco is 14.98¢ per kWh based on the typical usage of 1,000 kWh.
Electricity rates in Waco can vary based on a number of factors, such as:
- Location: Electric rates change depending on where you live and are also impacted by transmission and delivery fees from the local utility company. Enter your ZIP code on this page to compare Waco electricity rates in your area.
- Usage: The amount of electricity you use each month can affect your rate. Most homes use between 500 and 2,500 kWh of electricity per month, with the average usage being around 1,000 kWh.
- Plan length: Plans typically have a set length, such as 6 or 12 months. Most contracts last between 12 and 24 months. However, month-to-month plans are also available if you need a short-term solution.
Texas Electric Rates is here to help Texans find the best energy plan for their home or business. Enter your ZIP code to compare electric plans in your part of Waco.
Shop Waco electricity plans
Tips for finding cheap electricity rates in Waco
In most of Texas, the energy market is deregulated. This means residents and businesses can choose which company they want to purchase electricity from. Energy providers often offer cheaper electricity rates and better plans to attract customers. You can shop with free sites like Texas Electric Rates to find the best rates and learn more about offers.
To find the best energy plan in Waco, keep our shopping tips in mind:
- Shop for a fixed-rate plan: In most cases, fixed-rate plans are the best option for customers. Fixed-rate plans offer stability because your rate doesn’t change during the contract, protecting you from changes in the energy market.
- Consider switching in late fall: Late fall usually brings moderate weather in Waco. When temperatures are mild, energy demand tends to decrease, which can lead to cheaper electricity rates.
- Check the plan details: Before signing up, read the plan’s Electricity Facts Label (EFL) to understand the price per kWh, renewable energy percentage, and early termination fees.
Top plan rates & features breakdown
In Waco, your electric utility company is Oncor Electric Delivery. Here are some of the top plans available for residents living in Oncor Electric Delivery’s service territory.
Maxx Saver Select 24
Overview: This plan secures a low rate for 24 months and offers a $100 usage credit if your monthly usage is at least 1,000 kWh.
Early termination fee: $20 per month remaining on your contract
Features:
- Fixed-rate plan with a contract lasting two years
- A monthly bill credit of $100 when your usage is at least 1,000 kWh
- A 60-day satisfaction guarantee
Electricity Facts Label (EFL): Access the Maxx Saver Select 24 EFL
Gexa Eco Saver Plus 12 Plan
Overview: This fixed-rate plan offers a $100 bill credit if you use at least 1,000 kWh and is powered by 100% green energy sources.
Early termination fee: $150
Features:
- 100% green energy powered by wind and solar
- $100 usage credit if you use at least 1,000 kWh per month
- A 60-day satisfaction guarantee
Electricity Facts Label (EFL): Access the Gexa Eco Saver Plus 12 Plan EFL
Flash 12
Overview: Secure a single fixed rate for one year and receive a $100 bill credit if you use at least 1,000 kWh in a billing period. This plan requires autopay.
Early termination fee: $20 per month remaining on your contract
Features:
- $100 bill credit when your monthly usage is at least 1,000 kWh
- Express Energy offers a 60-day satisfaction guarantee
Electricity Facts Label (EFL): Access the Flash 12 EFL
Waco electricity providers
Currently, 4Change Energy and Express Energy are the energy providers with the lowest rates in Waco on our marketplace.
To find the best rates, enter your ZIP code to use Texas Electric Rates’ free comparison tool. We’ll show you Waco electricity rates from the best energy providers in the city.
Your electricity rate breakdown
Understanding your energy bill is crucial when shopping for a new energy plan. Your bill contains important information that can help you pick the right plan, including the following items:
- Usage amount: This is how much energy you use, measured in kWh. Plans often have different rates depending on your usage. You can check your previous energy bills to estimate your average monthly usage and find a plan that matches your needs.
- Rate: Your overall electricity rate is made up of a base charge (which stays the same each month) and an electric charge (which varies based on your usage).
- Delivery charge: Utility companies (like Oncor Electric) charge a monthly fee to maintain electrical infrastructure and deliver power to homes. It appears on your bill in addition to your rate.
- Bill credit: If your plan includes a bill credit or another type of financial incentive, it will be outlined in your utility bill.
- Early termination fee: Most providers charge an early cancellation fee if you end your service before your contract expires. However, you won’t need to pay a cancellation fee if you end your service because of a move.
- Deposit: Providers often charge a deposit based on customers’ credit scores. If you have a lower credit score, you could be required to pay a deposit. You can use the Texas Electric Rates marketplace to find and compare no-deposit energy plans in Waco.
Let us help make energy easier
We created Texas Electric Rates to be a simpler, less confusing experience for Texans shopping for an energy plan. We know that plan options are overwhelming, so we’ve combined straightforward guides with a customizable marketplace to help you narrow down the options. We work with top providers across the state to give you access to the best selection possible in one place. Learn more:
