Texas commercial and industrial electricity prices remain lower than the U.S. average, and the gap is growing, according to the latest data from the U.S. Energy Information Administration. Fun fact (for business owners): Both rates are lower than two years ago.
Here’s how it breaks down for business electricity customers:
- Texas commercial electricity rates in June – the latest month for which numbers are available – were 7.83 cents per kilowatt hour (kWh). That’s 28.1 percent less than the U.S. average for the month – 10.89 cents/kWh. That Texas rate also is 6.5 percent lower than June 2017, while the U.S. rate fell only 1.1 percent during that period.
- Texas industrial electricity rates in the same month were 5.23 cents/kWh, 24.3 percent less than the national average for the month – 6.91 cents/kWh. The Texas rate has fallen 3.7 percent since June 2017, while the U.S. rate has fallen about 3.9 percent.