Electricity prices in New Mexico
Homes in New Mexico paid an average of 16.51 cents per kilowatt-hour for electricity in August 2026, compared with 15.98 cents a year earlier. Over the 12 months to August 2026 the average was 15.31 cents, the 31st highest of the 50 states and DC. The US average over the same period was 18.04 cents.
Monthly price since 2017
New MexicoUS average
Average residential revenue per kilowatt-hour sold, in cents, each month. Prices usually rise in summer in many states because of tiered and seasonal rates.
Year by year
| Year | Price (cents/kWh) | Average monthly bill | Average monthly use (kWh) | Residential customers |
|---|---|---|---|---|
| 2025 | 14.85 | $95 | 638 | 946,306 |
| 2024 | 14.20 | $93 | 654 | 936,097 |
| 2023 | 13.85 | $91 | 659 | 928,217 |
| 2022 | 13.84 | $91 | 659 | 921,109 |
| 2021 | 13.52 | $87 | 646 | 914,496 |
| 2020 | 12.94 | $87 | 670 | 905,885 |
| 2019 | 12.51 | $80 | 640 | 895,087 |
| 2018 | 12.68 | $81 | 639 | 889,838 |
| 2017 | 12.88 | $79 | 615 | 880,867 |
| 2016 | 12.03 | $76 | 631 | 876,920 |
| 2015 | 12.47 | $79 | 635 | 871,044 |
| 2014 | 12.28 | $78 | 633 | 869,874 |
| 2013 | 11.68 | $77 | 655 | 865,195 |
| 2012 | 11.37 | $75 | 656 | 859,281 |
| 2011 | 11.00 | $74 | 669 | 856,128 |
| 2010 | 10.52 | $69 | 659 | 853,808 |
Full calendar years with final EIA data. Bills and use are averages per residential customer account.
Last 24 months
| Month | Price (cents/kWh) | Average bill | Average use (kWh) |
|---|---|---|---|
| August 2026 (preliminary) | 16.51 | $162 | 983 |
| July 2026 (preliminary) | 16.09 | $152 | 942 |
| June 2026 (preliminary) | 15.06 | $121 | 805 |
| May 2026 (preliminary) | 14.12 | $82 | 583 |
| April 2026 (preliminary) | 15.15 | $74 | 486 |
| March 2026 (preliminary) | 14.81 | $75 | 507 |
| February 2026 (preliminary) | 15.07 | $83 | 548 |
| January 2026 (preliminary) | 14.70 | $99 | 673 |
| December 2025 | 14.47 | $88 | 608 |
| November 2025 | 15.38 | $76 | 495 |
| October 2025 | 14.72 | $81 | 551 |
| September 2025 | 16.26 | $107 | 656 |
| August 2025 | 15.98 | $136 | 849 |
| July 2025 | 15.61 | $136 | 870 |
| June 2025 | 14.50 | $111 | 767 |
| May 2025 | 14.28 | $76 | 533 |
| April 2025 | 14.14 | $70 | 498 |
| March 2025 | 14.38 | $76 | 527 |
| February 2025 | 13.98 | $81 | 576 |
| January 2025 | 13.65 | $98 | 720 |
| December 2024 | 14.30 | $88 | 613 |
| November 2024 | 13.98 | $79 | 562 |
| October 2024 | 14.08 | $82 | 580 |
| September 2024 | 15.04 | $101 | 669 |
Utilities in New Mexico, 2025
Full-service (bundled) residential customers by utility for 2025, from the annual EIA-861 survey. Select a heading to sort.
| Public Service Co of NM | investor-owned utility | 496,914 | 16.35 | $91 |
| Southwestern Public Service Co | investor-owned utility | 101,203 | 12.86 | $125 |
| El Paso Electric Co | investor-owned utility | 97,258 | 10.34 | $74 |
| City of Farmington | municipal utility | 36,031 | 12.95 | $84 |
| Jemez Mountains Elec Coop, Inc | electric cooperative | 28,185 | 15.76 | $90 |
| Kit Carson Electric Coop, Inc | electric cooperative | 26,286 | 15.68 | $78 |
| Continental Divide El Coop Inc | electric cooperative | 20,474 | 16.87 | $100 |
| Central New Mexico El Coop, Inc | electric cooperative | 19,323 | 17.39 | $101 |
| Otero County Electric Coop Inc | electric cooperative | 16,517 | 19.56 | $110 |
| Farmers Electric Coop, Inc | electric cooperative | 10,310 | 13.68 | $112 |
| Navajo Tribal Utility Authority | tribal utility | 9,768 | 16.44 | $86 |
| Los Alamos County | municipal utility | 8,395 | 14.79 | $93 |
| Lea County Electric Coop, Inc | electric cooperative | 7,292 | 11.03 | $119 |
| Central Valley Elec Coop, Inc | electric cooperative | 6,167 | 9.79 | $112 |
| Roosevelt County Elec Coop Inc | electric cooperative | 3,898 | 13.54 | $139 |
| Springer Electric Coop, Inc | electric cooperative | 2,423 | 21.96 | $108 |
| Navopache Electric Coop, Inc | electric cooperative | 1,500 | 15.10 | $68 |
| Southwestern Electric Coop Inc | electric cooperative | 1,435 | 25.31 | $135 |
Rooftop solar sold by the kilowatt-hour
Some solar companies own panels on customers' roofs and sell them the power. EIA reports these sales as behind-the-meter. The price covers only the solar power, not the grid power the home also buys.
| Company | Homes | Solar price (cents/kWh) |
|---|---|---|
| Sunrun Inc. | 3,302 | 17.09 |
Reliability across New Mexico in 2025: the average customer was without power for 172 minutes over 1.29 interruptions, or 149 minutes excluding major storms and other major event days. This is EIA's state total for utilities reporting under any standard, covering 1,002,229 customers.
If your bill is hard to pay
The federal Low Income Home Energy Assistance Program (LIHEAP) helps with heating and cooling bills. Find your state office on the LIHEAP page. Your state utility commission handles complaints about utility billing and rates.
Sources
- US Energy Information Administration, Annual Electric Power Industry Report, Form EIA-861, 2025 and 2024 detailed data (Sales to Ultimate Customers, Reliability, Service Territory, Average Bill)
- US Energy Information Administration, Electric power sales, revenue, and energy efficiency, Form EIA-861M detailed data (sales_revenue.xlsx), monthly 2010 to August 2026
- US Energy Information Administration, Electric Power Monthly, Table 5.6.A and Table 5.6.B, average price of electricity by state (used to cross-check every state figure for August 2026)
Checked 29 October 2026. Figures for 2026 are preliminary and EIA may revise them. These are statewide averages, not the rate on your bill.