NewInsight: Investor-owned utilities charge 23% more for power

SWEPCO (AEP) electricity rates

What homes pay SWEPCO (AEP) for electricity, from EIA.

Investor-owned utility, 158,138 homes in Texas. EIA lists it as Southwestern Electric Power Co.

Headlines

Average price
13.4¢ a kWh
Up 10% on a year ago
Average bill
$155 a month
Up 11% on a year ago
Average use
1,153 kWh
A month. Texas 1,113 kWh
Price rank in Texas
5 of 6
1 is the most expensive

Over the 12 months to August 2026, SWEPCO (AEP) homes paid 13.4¢ a kWh, against 16.0¢ across Texas.

Many homes in Texas buy power from a retail supplier. These figures cover SWEPCO (AEP)'s own customers, who buy delivery and power from it.

SWEPCO (AEP) vs Texas

SWEPCO (AEP)Texas
Average price, 12 months to August 202613.4¢16.0¢
Price in August 202614.1¢15.9¢
Average monthly bill, 12 months$155$178
Bill in August 2026$247$266
Average monthly use1,153 kWh1,113 kWh
Price change, past year+10%+4.8%
Price change since 2019+32%+36%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Average monthly bill

What an average home pays a month.

Up to and including August 2026