Texas residential electricity rates

Analyst note

The Texas residential price sat above the U.S. average in 0 of 10 years; the gap was -1.09 ¢ in 2015 and -1.54 ¢ in 2024. In the 2024 ranking Texas sits between Nevada (15.00 ¢) one place above and Colorado (14.92 ¢) one place below; the top of the list is 27.92 ¢ away and the bottom 3.43 ¢. Texas was 31st in 2015 with 11.56 ¢ and is 24th now; a rise in the table. Texas residential prices rose in 7 of 9 years. The largest rise was +13.6% in 2022, and the largest fall -4.9% in 2016. The Texas price peaked at 14.94 ¢ in 2024 and bottomed at 10.99 ¢ in 2016; 2024 is the peak and +35.9% from the low. Compounded, that is +2.89% a year in Texas, -0.09 points against the U.S. Texas buys 11.13% of all U.S. residential electricity with 8.77% of the accounts, so the average Texas account uses 1.27 times the national average.

Texas residential customers paid 14.94 ¢ in 2024, which puts the state 24th of 51, a middle position, 1.54 ¢ under the U.S. Nine years moved the Texas residential price +29.2% (+2.9% a year), level with the U.S. by 1.0 points. The sharpest year was 2022 at +13.6%; the peak came in 2024.

The latest Texas year moved +3.3%, so prices are still climbing. The Texas commercial price of 8.55 ¢ sits 6.39 ¢ below. A Texas residential account uses 1,096 kWh a month; priced at 14.94 ¢ that is about $164, and the sector buys 32.7% of Texas's power.

Counting revenue instead of kWh, Texas residential accounts bring in 49.8% of Texas sector revenue on 32.7% of the kWh, a premium of 17.2 points that comes from the price level: 14.94 ¢ here against 8.55 ¢ for commercial and 6.12 ¢ for industrial accounts. The average Texas residential account uses 1,096 kWh a month, 6 of 51 among states on that measure; a commercial account uses 8.02 times as much and an industrial account 35.60 times. Residential accounts are 86.65% of the 14,481,048 accounts in Texas.