WACO – Oncor customers in Waco will soon see an increase in their electricity bills.
The City Council approved a negotiated rate hike that was less than half what Oncor originally asked for.
The average homeowner will see a monthly bump of about $2.35. Oncor had asked for a 5-dollar hike.
Waco is part of a 160-city coalition statewide that negotiated that settlement. That provider had filed for a 14.6% rate increase, or about $353 million dollars.
They settled for a 6.2 percent residential hike over the next two years.
Article by KXXV, News 25 in Waco.
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.