How much is the average electric bill in New Mexico?

The average residential electric bill in New Mexico is about $162 per month, reflecting average monthly usage of 983 kWh at a residential rate of 16.51¢ per kWh.

Is electricity expensive in New Mexico?

At 16.51¢ per kWh, New Mexico's residential electricity rate is 9.1% lower than the U.S. average of 18.16¢ per kWh. That makes it the 27th-cheapest of 51 states and DC ranked by residential price.

Electricity Rates in New Mexico (August 2026)

Name: New Mexico Electricity Rates
Creator: U.S. Energy Information Administration

The average residential rate is 16.51¢/kWh — that's about $162/month for a typical household.

Source: U.S. Energy Information Administration. Data as of August 2026.

#27

out of 51 states (1 = cheapest)

$162/mo

based on 983 kWh average monthly usage

9.1%below

the national average of 18.16¢/kWh

2.0%up

over the past 12 months

Rates by Sector

Sector	Rate (¢/kWh)	vs National	Avg Monthly Usage	Avg Monthly Bill	vs National
Residential	16.51¢/kWh	-9.1%	983 kWh	$162	-9.1%
Commercial	12.14¢/kWh	-16.1%	6,552 kWh	$795	-16.1%
Industrial	5.08¢/kWh	-47.3%	172,911 kWh	$8,785	-47.3%
National Avg — Residential	18.16¢/kWh	—	1,152 kWh	$209	—
National Avg — Commercial	14.47¢/kWh	—	7,661 kWh	$1,108	—
National Avg — Industrial	9.64¢/kWh	—	81,834 kWh	$7,890	—

Electricity Providers in New Mexico

	Type	Service				Service Area
Public Service Co of NM	IOU	Bundled	15.57¢/kWh	$89	492,945	Bernalillo, Catron, Cibola, Curry, Dona Ana, Grant, Hidalgo, Lincoln, Luna, McKinley, Otero, San Juan, San Miguel, Sandoval, Santa Fe, Socorro, Torrance, Union, Valencia+16 moreless
Southwestern Public Service Co	IOU	Bundled	11.98¢/kWh	$119	100,540	Chaves, Curry, Eddy, Lea, Quay, Roosevelt+3 moreless
El Paso Electric Co	IOU	Bundled	10.16¢/kWh	$75	94,760	Dona Ana, Luna, Otero, Sierra+1 moreless
City of Farmington - (NM)	Municipal	Bundled	12.69¢/kWh	$83	35,990	Rio Arriba, San Juan
Jemez Mountains Elec Coop, Inc	Co-op	Bundled	15.36¢/kWh	$89	28,093	McKinley, Rio Arriba, San Juan, Sandoval, Santa Fe+2 moreless
Kit Carson Electric Coop, Inc	Co-op	Bundled	18.18¢/kWh	$90	26,097	Colfax, Rio Arriba, Taos
Continental Divide El Coop Inc	Co-op	Bundled	16.02¢/kWh	$98	20,415	Bernalillo, Cibola, McKinley, Sandoval, Valencia+2 moreless
Central New Mexico El Coop, Inc	Co-op	Bundled	17.16¢/kWh	$100	19,126	Bernalillo, Chaves, De Baca, Guadalupe, Lincoln, San Miguel, Sandoval, Santa Fe, Socorro, Torrance, Valencia+8 moreless
Otero County Electric Coop Inc	Co-op	Bundled	17.65¢/kWh	$101	16,448	Chaves, Lincoln, Otero, Socorro+1 moreless
Farmers Electric Coop, Inc - (NM)	Co-op	Bundled	12.87¢/kWh	$107	10,258	Curry, De Baca, Guadalupe, Harding, Quay, Roosevelt, San Miguel+4 moreless

Utility data from EIA Form 861, 2024

Power Outages in New Mexico

90 customers currently without power in New Mexico

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Frequently Asked Questions

The average residential electricity rate in New Mexico is 16.51¢ per kWh. Commercial customers pay an average of 12.14¢ per kWh and industrial customers pay 5.08¢ per kWh.

Texas$266/mo15.91¢/kWh Arizona$269/mo15.05¢/kWh Colorado$167/mo17.17¢/kWh Oklahoma$251/mo14.82¢/kWh