Waco households on the Oncor grid get to pick their own electricity provider. Retail choice means you can compare plans from competing companies and sign with whichever one gives you the best deal for your home. Oncor stays in charge of the wires: it delivers electricity to Waco addresses no matter who sells it to you, so your choice of provider changes the price you pay, not how the power arrives.
Our rates table below pulls live prices for Waco on the Oncor system. The rest of the page explains where Waco prices stand this month, which of the plans in our table fit which households, and what to look for on the Electricity Facts Label (EFL), the required fact sheet that shows a plan's real price and terms. Prices were checked on November 4, 2026, and we update this page monthly.
Popular Cities Around Waco: Woodway | McGregor | Hubbard | Malone | Hillsboro | Temple | Belton
The numbers below come from our November 4, 2026 check. All prices are averages per kilowatt-hour (kWh), the unit your meter records, at 1,000 kWh of monthly use unless stated, and they already include Oncor's delivery charges.
Four plans in our Waco rates table cost between 7.4¢ and 9.0¢ per kWh at 1,000 kWh.
Power to Choose, the official Texas site for comparing electricity plans, listed 171 plans from 42 providers in the Oncor service area.
On Power to Choose, the 147 Oncor-area fixed-rate plans (prepaid and time-of-use plans aside) ranged from 6.2¢ to 16.3¢, the median sat at 13.1¢, and the typical 12-month plan cost 13.0¢.
Bill-credit plans took the lowest spots on Power to Choose at 6.2¢, 6.9¢ and 7.4¢, yet the bill-credit plans listed there cost 18.0¢ to 27.0¢ at 500 kWh.
On Power to Choose, the cheapest 12-month plans with no bill credit held steady between 11.8¢ and 12.4¢ at low, average and high usage.
Oncor's delivery charges are $4.06 per month plus 6.8673¢ per kWh, as listed on Oncor-area EFLs dated October 4, 2026. That works out to $72.73 a month at 1,000 kWh, before the energy charge.
The average Texas residential price was 15.91¢ per kWh in August 2026, according to preliminary figures from the U.S. Energy Information Administration (EIA).
What this means for you: if you're paying more than roughly 13¢ per kWh on a fixed rate, or you've drifted onto a month-to-month rate, there's a good chance a switch this month will save you money.
Every price we list from our Waco table this month comes from a bill-credit plan. Here's how each one looks at 500, 1,000 and 2,000 kWh:
4Change Energy Maxx Saver Value 12: 20.3¢, 7.4¢ and 13.4¢
Frontier Utilities Frontier Saver Plus 12: 20.3¢, 7.4¢ and 13.4¢
Frontier Saver Plus 24: 21.3¢, 8.4¢ and 14.5¢
4Change Energy Maxx Saver Value 24: 22.0¢, 9.0¢ and 15.1¢
A price that drops from about 20¢ at 500 kWh to the 7¢ range at 1,000 kWh comes from a usage credit applied once you reach a set amount of power. Frontier advertises up to $1,500 in usage credits a year on its Saver Plus plans. 4Change's notes for Maxx Saver Value mention AutoPay and paperless communications but don't describe the credit, so check the EFL for the threshold before you enroll.
Plans like these can be the cheapest choice in Waco if your home uses 1,000 kWh or more every single month. A mild spring or fall month that dips under the threshold can wipe out the savings, and a plan without a credit will often cost less across the year for homes with uneven usage. Our guide on how to read an Electricity Facts Label points out where the credit rules appear.
The rate that matters is the one at your own usage. Advertised prices usually assume exactly 1,000 kWh, while every EFL gives three averages, at 500, 1,000 and 2,000 kWh. Match the one closest to your normal month.
Right now, a 12-month plan without a bill credit at around 12¢ per kWh or less at your usage is a good price in Waco; on Power to Choose, the cheapest plans of that kind ran 11.8¢ to 12.4¢.
A 16¢ rate is above the EIA's 15.91¢ Texas average and above the typical 12-month plan on Power to Choose, so it's a signal to compare.
A month-to-month rate that kicked in after your contract ended is very likely more expensive than the plans in our table, and you can leave it without an early termination fee.
To check your usage, open Smart Meter Texas, the state's official smart meter portal, which shows your history for free, or add up the kWh from your last year of bills. The EIA puts average Texas household use at 1,096 kWh a month in 2024, and many Waco homes go well past that in summer.
Three factors drive most high bills in Waco.
Hot-weather usage: air conditioning can keep running through much of a summer day, lifting usage far above spring and fall. A plan that's cheap at 1,000 kWh can cost a lot more at your summer total.
Oncor's delivery charges: $4.06 a month plus 6.8673¢ per kWh pays for the poles, wires and meters, and every provider passes it on. On Power to Choose, the typical 12-month plan cost 13.0¢ at 1,000 kWh, and delivery is more than half of a bill at that price. The Public Utility Commission of Texas (PUCT) sets these charges and posts the current delivery rates for every Texas utility.
Contracts that run out: when a fixed-rate term ends and you don't choose a new plan, you shift onto a month-to-month rate that can change every billing cycle.
Comparing plans at your summer usage and locking in a fixed rate before the heat deals with the first two. A calendar reminder a month before your contract ends takes care of the third.
A Waco home deals with two kinds of electric company. The retail electric provider (REP) is the one you choose: it sets the plan, sends the bill and answers billing questions. Oncor is the transmission and distribution utility (TDU): it owns the lines, reads your smart meter and repairs damage to the network. All providers share the same Oncor system, so switching doesn't make your service any more or less reliable.
If the power goes out, report it to Oncor, not your provider. Oncor's outage number, 888-313-4747, is available 24/7, and you can also text OUT to 66267. Oncor's outage and weather page is the online starting point. To see what goes into Oncor's charges, read our guide to TDU delivery charges.
The best electric company for your Waco home is the one with a plan that fits your monthly usage. The plans below are all in our Waco table, with average prices at 500, 1,000 and 2,000 kWh, checked November 4, 2026.
Steady usage at 1,000 kWh or more: 4Change Energy Maxx Saver Value 12 and Frontier Utilities Frontier Saver Plus 12 tie for the lowest price in the table (20.3¢, 7.4¢, 13.4¢).
A two-year lock: Frontier Saver Plus 24 (21.3¢, 8.4¢, 14.5¢) and Maxx Saver Value 24 (22.0¢, 9.0¢, 15.1¢) keep the price fixed longer, with the same need to clear the credit threshold every month.
Low or uneven usage, or a plan with no credit: every plan we can quote from our Waco table this month is a bill-credit plan, so none suits a home that often uses less than 1,000 kWh. On Power to Choose, the cheapest Oncor-area 12-month plans without a credit cost 11.8¢ to 12.4¢ at any usage level.
100% renewable: our Waco table has no fully renewable plan this month. Power to Choose listed 43 fully renewable Oncor-area plans on November 4, and our reviews of Gexa Energy and Green Mountain Energy cover two providers centered on renewable plans.
Prepaid or no deposit: there's no prepaid plan in our Waco table this month. On Power to Choose, Oncor-area prepaid plans cost 16.5¢ to 17.9¢ at 1,000 kWh.
Compare at least three plans at your own usage, and read each EFL on the day you sign to make sure the price and terms still match.
A fixed-rate plan keeps your energy price the same for the full contract, often 12, 24 or 36 months, protecting you from summer price increases. Ending early can bring an early termination fee (ETF); 4Change Energy's plans in our Waco table charge $20 for each month left on the contract, and every EFL lists the fee. Oncor's delivery charges can still change during your term, since the PUCT sets them rather than your provider.
Variable-rate plans have no contract term, so you can cancel at any time, but the price can change every billing cycle. On Power to Choose on November 4, Oncor-area variable plans ran from 9.9¢ to 18.4¢ per kWh at 1,000 kWh. They're handy if you're about to move, and they're the riskiest choice heading into a Texas summer.
Prepaid plans work like a top-up account: you pay first, get alerts as your balance falls and add funds as needed, without a credit check or deposit. None appear in our Waco table this month. On Power to Choose, Oncor-area prepaid plans cost 16.5¢ to 17.9¢ per kWh at 1,000 kWh, a few cents more than typical fixed plans. Our no-deposit electricity guide explains your choices.
Renewable plans are supported by renewable energy credits, often from Texas wind and solar farms. On Power to Choose, 43 of the 171 Oncor-area plans were 100% renewable on November 4. Look through our green energy plans and confirm the renewable content on each EFL.
Time-of-use plans cut the price during certain hours, often nights or weekends, which can work well for overnight electric vehicle charging. Power to Choose listed six for the Oncor area this month. Solar buyback plans credit homes with rooftop panels for electricity they send back to the grid, so compare the credit rate, any monthly fees and what happens to unused credits.
Switching is done online in a few minutes, and your electricity keeps flowing the whole time.
Find the ESI ID (Electric Service Identifier) on a recent bill. It's the number assigned to your meter.
Compare plans at your own usage, choose one and sign up with your service address.
Pick a start date. Your new provider arranges the switch with Oncor, and no one needs to visit.
If you're still under contract, check when it ends. PUCT rules let you switch without an early termination fee if the switch takes place no earlier than 14 days before the expiration date on your renewal notice, and your provider must send that notice at least 30 days before the contract ends. The PUCT electricity FAQ covers the details.
For moves, transfers and new connections, see our guide on how to switch electricity providers in Texas.
Waco is the county seat of McLennan County and sits along the Brazos River and I-35, halfway between Dallas and Austin, according to Wikipedia. Its estimated 2025 population of 147,788 makes it the 24th-most populous city in Texas. The Waco metropolitan area, made up of McLennan, Falls and Bosque counties, had an estimated 308,807 residents in 2025. Oncor delivers electricity to Waco homes in the retail choice area.
Our Waco table shows live prices at 500, 1,000 and 2,000 kWh. On Power to Choose, the typical 12-month plan was 13.0¢ when we checked on November 4, 2026.
Those low prices come from bill-credit plans that pay off only at 1,000 kWh or more every month.
Oncor delivers the power for every Waco provider and charges $4.06 a month plus 6.8673¢ per kWh.
Report outages to Oncor at 888-313-4747 or by texting OUT to 66267.
Switching carries no early termination fee from 14 days before the expiration date on your renewal notice.
Ready to find your plan? Pop your ZIP code into the box above and compare live Waco plans side by side.
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| Provider | Plan Name | Plan Length | Rate |
|---|---|---|---|
 | 12 Months | 7.300¢ / kWh | |
 | 12 Months | 7.300¢ / kWh | |
| 24 Months | 8.400¢ / kWh | |
| 24 Months | 9.000¢ / kWh | |
 | 24 Months | 9.900¢ / kWh |
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