New Mexico vs Texas electricity prices: 15.08 ¢ against 15.47 ¢ per kWh
45 places apart: New Mexico #51, Texas #6 of 51, the widest of 30 measures. smart meters, share of homes New Mexico 28%, Texas 95%; homes on retail supply New Mexico 0.0%, Texas 55.7%. Typical bills differ by $74 a month, higher in Texas.
Over a year the typical energy bill differs by $892 ($99 a month in New Mexico, $173 in Texas). Since 2015 the home price rose +20.9% in New Mexico and +33.8% in Texas: 12.9 points more in Texas. Against the U.S. home average New Mexico sits at -12.8% and Texas at -10.6%.
New Mexico against Texas: widest gaps
| Measure | New Mexico | Texas | Gap | Rank (of 51) |
|---|---|---|---|---|
| Typical monthly bill, energy only | $99 | $173 | -$74 | #51 / #6 |
| Smart meters, share of homes | 28% | 95% | -66.7 points | #47 / #7 |
| Homes on retail supply | 0.0% | 55.7% | -55.7 points | #38 / #3 |
| Average home use, kWh a month | 654 | 1,118 | -464 | #40 / #6 |
| Heat pump saving on gas | -47% | +23% | -70.9 points | #39 / #7 |
| Heat pump break-even COP | 4.42 | 2.30 | +2.13 | #7 / #39 |
| Bill as share of income | 1.90% | 2.72% | -0.8 points | #40 / #10 |
| Time-of-use utilities | 73% | 36% | +36.8 points | #8 / #33 |
| Median household income | $62,125 | $76,292 | -$14,167 | #46 / #22 |
| Cooling degree-days, normal year | 833 | 2,648 | -1,815 | #23 / #3 |
30 measures compared for New Mexico and Texas; the CSV holds the 10 widest.
CSVNew Mexico and Texas: price over time
Home price, New Mexico and Texas, 2010 to 2025: 16 rows
| Year | New Mexico | Texas | Gap to U.S. |
|---|---|---|---|
| 2010 | 10.52 | 11.60 | -1.02 |
| 2011 | 11.00 | 11.08 | -0.72 |
| 2012 | 11.37 | 10.98 | -0.51 |
| 2013 | 11.68 | 11.35 | -0.45 |
| 2014 | 12.28 | 11.86 | -0.24 |
| 2015 | 12.47 | 11.56 | -0.18 |
| 2016 | 12.03 | 10.99 | -0.52 |
| 2017 | 12.88 | 11.01 | -0.01 |
| 2018 | 12.68 | 11.20 | -0.19 |
| 2019 | 12.51 | 11.76 | -0.50 |
| 2020 | 12.94 | 11.71 | -0.21 |
| 2021 | 13.52 | 12.11 | -0.14 |
| 2022 | 13.84 | 13.76 | -1.20 |
| 2023 | 13.85 | 14.46 | -2.15 |
| 2024 | 14.20 | 14.94 | -2.28 |
| 2025 | 15.08 | 15.47 | -2.22 |
New Mexico 10.52 to 15.08 ¢ and Texas 11.60 to 15.47 ¢ between 2010 and 2025 (EIA).
CSVTypical bill by month, New Mexico and Texas: 12 rows
| Month | New Mexico | Texas |
|---|---|---|
| Jan | 101 | 175 |
| Feb | 86 | 156 |
| Mar | 80 | 131 |
| Apr | 73 | 129 |
| May | 79 | 159 |
| Jun | 116 | 197 |
| Jul | 141 | 229 |
| Aug | 141 | 235 |
| Sep | 111 | 207 |
| Oct | 85 | 175 |
| Nov | 79 | 131 |
| Dec | 92 | 150 |
Monthly typical bill: $73 to $141 in New Mexico, $129 to $235 in Texas.
CSVYour bill in New Mexico and in Texas
New Mexico and Texas on the map
Where New Mexico and Texas are alike
- Industry price 2025, ¢/kWh: 5.90 and 6.55
- Hydro share of generation: 0.3% and 0.1%
- CO2 per MWh of generation, lb: 770 and 768
Sources and dates: data sources.
Questions
Is New Mexico or Texas higher on typical monthly bill?
Texas, by $74; they rank #51 and #6 of 51.
Is New Mexico or Texas higher on smart meters?
Texas, by 66.7 points; they rank #47 and #7 of 51.
Is New Mexico or Texas higher on homes on retail supply?
Texas, by 55.7 points; they rank #38 and #3 of 51.
Is New Mexico or Texas higher on average home use?
Texas, by 464; they rank #40 and #6 of 51.
Is New Mexico or Texas higher on heat pump saving on gas?
Texas, by 70.9 points; they rank #39 and #7 of 45.
What would 878 kWh a month cost in New Mexico and in Texas?
New Mexico $132, Texas $136: $3 apart, energy only.
Where do New Mexico and Texas match most closely?
industry price 2025, ¢/kWh (5.90 and 6.55); hydro share of generation (0.3% and 0.1%); CO2 per mwh of generation, lb (770 and 768).