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New Mexico Electricity Rates

Average price of electricity in New Mexico, July 2026, from the U.S. Energy Information Administration. Recent months are preliminary.

Residential
16.09¢/kWh
July 2026
Commercial
11.90¢/kWh
July 2026
Industrial
4.16¢/kWh
July 2026
Average home bill
$95/mo
2025, 638 kWh a month

New Mexico electricity prices, 5 years

Average cents per kilowatt-hour by month

ResidentialCommercialIndustrial
Show as a table
PeriodResidential
Jul 202616.09¢
Dec 202514.66¢
Dec 202414.30¢
Dec 202313.37¢
Dec 202213.34¢
Dec 202113.03¢

Residential price by month

Cents per kWh, homes, and change from the same month a year earlier

Swipe the table sideways to see more columns.

MonthPrice1 year changeCustomers
Jul 202616.09¢/kWh+1.8%931,598
Jun 202615.06¢/kWh+2.6%930,257
May 202614.12¢/kWh-2.6%929,368
Apr 202615.15¢/kWh+5.6%931,516
Mar 202614.81¢/kWh+0.2%929,131
Feb 202615.07¢/kWh+3.7%927,853
Jan 202614.70¢/kWh+7.6%928,911
Dec 202514.66¢/kWh+2.5%925,846
Nov 202515.61¢/kWh+11.7%925,974
Oct 202514.95¢/kWh+6.2%926,175
Sep 202516.52¢/kWh+9.8%923,525
Aug 202516.19¢/kWh+8.6%920,284
Jul 202515.80¢/kWh+6.1%920,688
Jun 202514.68¢/kWh+4.4%919,368
May 202514.50¢/kWh+6.4%919,170
Apr 202514.35¢/kWh+3.9%918,678
Mar 202514.78¢/kWh+4.5%918,355
Feb 202514.53¢/kWh+5.8%916,865
Jan 202513.66¢/kWh+4.4%916,999
Dec 202414.30¢/kWh+7.0%940,843
Nov 202413.98¢/kWh-1.5%940,296
Oct 202414.08¢/kWh-0.3%940,225
Sep 202415.04¢/kWh+1.1%938,099
Aug 202414.91¢/kWh+3.5%938,223

Electric utilities in New Mexico

Largest by customers, 2025. Price and bill are for homes served with bundled generation and delivery

All 37

Swipe the table sideways to see more columns.

UtilityCustomersHome priceHome bill
Public Service Co of NMInvestor Owned556,58516.35¢/kWh$91/mo
Southwestern Public Service CoInvestor Owned128,33512.86¢/kWh$125/mo
El Paso Electric CoInvestor Owned110,17810.34¢/kWh$74/mo
City of Farmington - (NM)Municipal45,16712.95¢/kWh$84/mo
Jemez Mountains Elec Coop, IncCooperative31,79215.76¢/kWh$90/mo
Kit Carson Electric Coop, IncCooperative31,07615.68¢/kWh$78/mo
Continental Divide El Coop IncCooperative23,45816.87¢/kWh$100/mo
Central New Mexico El Coop, IncCooperative21,23017.39¢/kWh$101/mo
Otero County Electric Coop IncCooperative20,76319.56¢/kWh$110/mo
Central Valley Elec Coop, IncCooperative14,9279.79¢/kWh$112/mo
Farmers Electric Coop, Inc - (NM)Cooperative13,73713.68¢/kWh$112/mo
Socorro Electric Coop, IncCooperative13,194Not reportedNot reported
Mora-San Miguel Elec CoopCooperative11,604Not reportedNot reported
Lea County Electric Coop, Inc - (NM)Cooperative11,21211.03¢/kWh$119/mo
City of Gallup - (NM)Municipal10,897Not reportedNot reported
Navajo Tribal Utility AuthorityState10,85716.44¢/kWh$86/mo
Los Alamos County - (NM)Municipal9,29914.79¢/kWh$93/mo
Roosevelt County Elec Coop IncCooperative6,00413.54¢/kWh$139/mo
Columbus Electric Coop, IncCooperative5,052Not reportedNot reported
Sierra Electric Coop, IncCooperative4,469Not reportedNot reported
Raton Public Service CompanyMunicipal4,275Not reportedNot reported
City of Truth or Consequences - (NM)Municipal4,066Not reportedNot reported
Sunrun Inc.Behind the Meter3,30217.09¢/kWh$107/mo
Northern Rio Arriba E Coop IncCooperative3,266Not reportedNot reported
City of Aztec - (NM)Municipal3,169Not reportedNot reported
Springer Electric Coop, IncCooperative3,05421.96¢/kWh$108/mo
Southwestern Electric Coop Inc - (NM)Cooperative2,27925.31¢/kWh$135/mo
Navopache Electric Coop, IncCooperative1,72815.10¢/kWh$68/mo
Tesla Inc.Behind the Meter1,11915.59¢/kWh$111/mo
Town of Springer - (NM)Municipal718Not reportedNot reported
Duncan Valley Elec Coop, IncCooperative340Not reportedNot reported
Rio Grande Electric Coop, IncCooperative31718.66¢/kWh$111/mo
Palmetto Solar, LLCBehind the Meter10716.01¢/kWh$212/mo
Tri-County Electric Coop, Inc (OK)Cooperative13Not reportedNot reported
Ahana Renewables, LLCBehind the Meter7Not reportedNot reported
WAPA-- Western Area Power AdministrationFederal4Not reportedNot reported

Price is revenue divided by kilowatt-hours sold. Where customers can choose a retail electricity supplier, the utility that delivers power may report only delivery charges, so its price can look lower than what customers pay in total.

Frequently asked questions

What is the average electricity rate in New Mexico?
Homes in New Mexico paid an average of 16.09¢/kWh per kilowatt-hour in July 2026, compared with 15.80¢/kWh a year earlier. The U.S. average was 18.31¢/kWh.
Is electricity expensive in New Mexico?
New Mexico had the 27th highest average residential price of 51 states and DC in July 2026.
What is the average electric bill in New Mexico?
The average New Mexico home used 638 kWh a month and paid $94.65 a month in 2025, according to EIA.
What is the largest electric utility in New Mexico?
Public Service Co of NM serves the most customers in New Mexico, about 556,585 in 2025.

Source: U.S. Energy Information Administration, Form EIA-861M and Form EIA-861 · Data for July 2026