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Short Term Residential Electricity Price Outlook (cents per kWh)

This dataset reports annual residential electricity prices in Texas, measured as the average price paid per kilowatt-hour by residential customers. Prices are aggregated at the statewide level and presented by reporting period from 2015 through 2026, providing a long-run view of changes in residential electricity pricing over time. All values are expressed in cents per kilowatt-hour (¢/kWh) and represent average prices paid during each reporting period.

Last updated: 2023

How to Read This Chart

This line chart shows electricity consumption in Texas over time, broken out by customer sector and measured in kilowatt-hour (kWh). Each line represents a different sector, allowing users to compare how electricity usage changes over time across parts of the economy. The horizontal axis shows the reporting year, while the vertical axis shows total electricity consumed. Rising or falling lines indicate increases or decreases in electricity use, and differences between lines highlight how consumption patterns vary by sector.

Why This Matters

Sector-level electricity consumption reveals where demand is coming from and how it evolves over time. Changes in consumption reflect factors such as population growth, economic activity, electrification, efficiency improvements, and weather-driven demand. Understanding sectoral demand trends is critical for grid planning, forecasting, and market oversight. For policymakers and system planners, this data helps identify which sectors are driving load growth and where infrastructure or efficiency investments may be needed. For researchers and consumers, it provides context for how electricity use is shifting across Texas’s rapidly growing economy.

Key Insights

The following highlights are derived directly from the most recent available data in this dataset using standardized calculations. Metrics reflect average residential electricity prices in Texas and are computed from the underlying time series. Unless otherwise noted, comparisons are based on the most recent complete reporting period and the prior comparable period. These highlights provide a concise snapshot of recent residential electricity pricing.

Average residential electricity price in 2026: 18.40 ¢/kWh, the highest value observed in the dataset.

Year-over-year change: Residential prices increased by 2.9% compared with 2025.

Long-term change (2015–2026): Residential electricity prices rose by approximately 5.8 ¢/kWh over the full reporting period.

Definitions

TermDescription
Electricity consumptionThe total amount of electricity used by end-use customers during a reporting year.
End-use sectorA classification of electricity consumers, including residential households, commercial businesses, industrial facilities, and transportation uses.
Megawatt-hour (MWh)A unit of energy equal to one megawatt of power sustained for one hour.