Question 1

What is the average electricity rate in New Mexico?

Accepted Answer

The average residential electricity rate in New Mexico is 14.81¢ per kWh. Commercial customers pay an average of 9.76¢ per kWh and industrial customers pay 5.84¢ per kWh.

Question 2

How much is the average electric bill in New Mexico?

Accepted Answer

The average residential electric bill in New Mexico is about $75 per month, reflecting average monthly usage of 506 kWh at a residential rate of 14.81¢ per kWh.

Question 3

Is electricity expensive in New Mexico?

Accepted Answer

At 14.81¢ per kWh, New Mexico's residential electricity rate is 21.3% lower than the U.S. average of 18.83¢ per kWh. That makes it the 15th-cheapest of 51 states and DC ranked by residential price.