Compare New Mexico and Texas rates. New Mexico pays 0.43¢/kWh less than Texas. See per-kWh rates, average bills, and usage.
Rate Comparison
Metric
New Mexico
Texas
National Avg
Residential Rate
15.61¢/kWh
16.04¢/kWh
17.24¢/kWh
Avg Monthly Bill
$102.11
$175.82
$152.02
Monthly Usage
654 kWh
1,096 kWh
-
Market Type
regulated
deregulated
-
Rate Rank (1=highest)
#29
#23
-
YoY Change
+14.3%
+15.4%
-
Key Findings
New Mexico has lower electricity rates at 15.61¢/kWh vs 16.04¢/kWh in Texas (2.7% difference).
New Mexico residents pay about $74 less per month on average ($102.11 vs $175.82).
New Mexico is a regulated market while Texas is deregulated.
Both states have seen rate increases: New Mexico +14.3% and Texas +15.4% year-over-year.
Frequently Asked Questions
Is electricity cheaper in New Mexico or Texas?
New Mexico has lower residential electricity rates at 15.61¢/kWh compared to 16.04¢/kWh in Texas, a difference of 0.43¢/kWh.
What is the average electric bill in New Mexico vs Texas?
The average monthly electric bill is $102.11 in New Mexico and $175.82 in Texas. The national average is $152.02.
Are New Mexico and Texas electricity markets regulated?
New Mexico has a regulated electricity market, while Texas has a deregulated market. In deregulated markets, consumers can choose their electricity provider.
How can I verify my electricity bill in New Mexico or Texas?
Upload your bill to Utility Check for an independent third-party verification. We check rate calculations, compare your plan to alternatives, and identify billing errors. Visit our How It Works page to learn more.