23.4%below
the national average of 18.44¢/kWh
Electricity Rates in New Mexico (May 2026)
The average residential rate is 14.12¢/kWh — that's about $82/month for a typical household.
#8out of 51 states (1 = cheapest)
Source: U.S. Energy Information Administration. Data as of May 2026.
$82/mo
based on 583 kWh average monthly usage
2.6%down
over the past 12 months
Rates by Sector
| Sector | Rate (¢/kWh) | vs National | Avg Monthly Usage | Avg Monthly Bill |
|---|---|---|---|---|
| Residential | 14.12¢/kWh | -23.4% | 583 kWh | $82 |
| Commercial | 10.18¢/kWh | — | 5,294 kWh | $539 |
| Industrial | 4.45¢/kWh | — | 149,403 kWh | $6,644 |
| National Average | 18.44¢/kWh | — | 736 kWh | $136 |
Electricity Providers in New Mexico
Type | Service | Service Area | ||||
|---|---|---|---|---|---|---|
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 | ||||||
Chaves, Curry, Eddy, Lea, Quay, Roosevelt+3 moreless | ||||||
Dona Ana, Luna, Otero, Sierra+1 moreless | ||||||
Rio Arriba, San Juan | ||||||
McKinley, Rio Arriba, San Juan, Sandoval, Santa Fe+2 moreless | ||||||
Colfax, Rio Arriba, Taos | ||||||
Bernalillo, Cibola, McKinley, Sandoval, Valencia+2 moreless | ||||||
Bernalillo, Chaves, De Baca, Guadalupe, Lincoln, San Miguel, Sandoval, Santa Fe, Socorro, Torrance, Valencia+8 moreless | ||||||
Chaves, Lincoln, Otero, Socorro+1 moreless | ||||||
Curry, De Baca, Guadalupe, Harding, Quay, Roosevelt, San Miguel+4 moreless |
Utility data from EIA Form 861, 2024
Power Outages in New Mexico
63 customers currently without power in New Mexico
Frequently Asked Questions
The average residential electricity rate in New Mexico is 14.12¢ per kWh. Commercial customers pay an average of 10.18¢ per kWh and industrial customers pay 4.45¢ per kWh.