Which state has cheaper electricity: New Mexico or Texas?

New Mexico has cheaper electricity. At 900 kWh/month, the estimated bill is $132.30 in New Mexico vs $141.21 in Texas—about 6.3% less.

How much more expensive is electricity in Texas?

At 900 kWh/month, electricity in Texas costs about $8.91 more per month than in New Mexico—roughly 6.3% higher.

Why do electricity prices vary between states?

Electricity prices vary due to generation mix (coal, gas, nuclear, renewables), transmission costs, regulations, taxes, and demand. States with more hydropower or natural gas often have lower rates; those relying on imported power or with higher renewable mandates may have higher rates.

Electricity Cost: New Mexico vs Texas

Electricity in Texas costs approximately 6% more than in New Mexico based on typical household electricity use. New Mexico averages 14.70¢/kWh and Texas averages 15.69¢/kWh, putting a typical 900 kWh monthly bill at $132 vs $141.

Based on average residential rates from EIA data · 900 kWh standard usage benchmark

New Mexico rate

14.70 ¢/kWh

Texas rate

15.69 ¢/kWh

New Mexico 900 kWh bill

$132.30

Texas 900 kWh bill

$141.21

Comparison

State	Electricity rate	Estimated monthly bill
New Mexico	14.70 ¢/kWh	$132.30
Texas	15.69 ¢/kWh	$141.21

Difference Summary

Electricity in Texas costs approximately 6% more than in New Mexico based on typical household electricity use.

Difference: $-8.91 (-6.3%) at 900 kWh/month

Monthly Bill Comparison

New Mexico vs Texas

Frequently Asked Questions

Which state has cheaper electricity: New Mexico or Texas?: New Mexico has cheaper electricity. At 900 kWh/month, the estimated bill is $132.30 in New Mexico vs $141.21 in Texas—about 6.3% less.
How much more expensive is electricity in Texas?: At 900 kWh/month, electricity in Texas costs about $8.91 more per month than in New Mexico—roughly 6.3% higher.
Why do electricity prices vary between states?: Electricity prices vary due to generation mix (coal, gas, nuclear, renewables), transmission costs, regulations, taxes, and demand. States with more hydropower or natural gas often have lower rates; those relying on imported power or with higher renewable mandates may have higher rates.