New Mexico electricity rates and bills
Homes in New Mexico paid an average of 15.31¢ per kWh over the last 12 months (Sep 2025–Aug 2026), 15.1% below the US average of 18.04¢; 16.51¢ in August 2026 alone.1 The average residential bill was $94.65 a month in 2025, for 638 kWh.2
EIA monthly data through August 2026 (preliminary, released October 23, 2026); annual data for 2025 are final. Next monthly update expected November 24, 2026. Average revenue per kWh includes fixed charges and riders; it is not a tariff rate.
West region, Mountain division
New Mexico's price per kilowatt-hour is unremarkable, the 21st lowest1 among the states over the last 12 months, but its homes use so little electricity that the average bill, $94.65 a month in 2025, was the lowest2 in the country. The same split runs between its two largest utilities: PNM customers paid more per kWh than Xcel Energy customers in 2025, yet smaller bills.
The price per kWh, by period
Over the last 12 months (September 2025 to August 2026), New Mexico homes paid an average of 15.31¢ per kWh, 2.73¢ per kWh less than the US average and the 21st lowest1 among the 50 states and DC. EIA calculates it as average revenue per kWh, residential revenue divided by residential sales, so it folds fixed monthly charges, fuel cost recovery and riders into one number. No household's tariff carries that exact figure.
Which period a page quotes changes the answer. The full-year 2025 average was 14.85¢ per kWh3. The latest single month, August 2026 (preliminary), came in at 16.51¢ per kWh, +3.3% against August 2025; summer months run higher than the yearly average here. Month to month over the past year it moved from 14.12¢ per kWh in May 2026 to 16.51¢ per kWh in August 20261. Rankings on this page use the 12-month figure, which smooths out the seasons.
Among New Mexico's 4 neighbors, 1 had a lower 12-month residential average: Oklahoma, at 13.81¢ per kWh. Colorado was the highest at 16.61¢ per kWh1.
| Texas | 15.98¢ | +3.3% | 1,114 | $178.09 |
|---|---|---|---|---|
| Arizona | 15.39¢ | −0.3% | 1,054 | $162.13 |
| United States | 18.04¢ | +3.4% | 875 | $157.84 |
| Oklahoma | 13.81¢ | +2.8% | 1,076 | $148.51 |
| Colorado | 16.61¢ | +5.9% | 679 | $112.79 |
| Utah | 13.26¢ | −2.3% | 785 | $104.09 |
| New Mexico | 15.31¢ | +3.3% | 653 | $99.89 |
Source: EIA, Electric Power Monthly / EIA-861M sales and revenue by state. Residential ¢/kWh, 12 months: 2025-09 to 2026-08; Residential change, latest month: 2026-08; Average residential use, last 12 months (computed): 2025-09 to 2026-08; Average residential bill, last 12 months (computed): 2025-09 to 2026-08.
Why the average bill is the smallest in the US
EIA puts the average New Mexico residential bill at $94.65 a month in 2025, $56.03 less a month than the US average, up 1.9% on 2024 while the national average rose 5.9%2. The 12-month computed average, $99.89 (September 2025 to August 2026), was also the lowest1.
The price does not explain it; consumption does. The average home used 638 kWh a month in 2025 against 874 kWh2 nationally. Only 24.3% of New Mexico households heat mainly with electricity, against 41.8%4 in the US (Census Bureau, 2025), which keeps winter use low. In EIA's 2020 Residential Energy Consumption Survey, a pandemic year, New Mexico homes spent $1,035 a year on electricity, 3rd lowest5 among the states.
Households' own answers agree. In the Census Bureau's 2025 American Community Survey, 45.2% of New Mexico households paying for electricity reported a bill under $100 for the previous month, the highest share of any state (US: 23.0%). The median reported bill was about $111, the lowest in the country, and 12.9% paid $250 or more, give or take ±0.6 percentage points6. The survey asks people to recall a bill, with taxes, so its estimates sit apart from EIA's revenue-based averages.
Source: Census Bureau, American Community Survey 2025 1-year estimates, table B25132. Households charged for electricity, by the cost they reported for the previous month (American Community Survey 2025, 1-year). Interviews run all year, so this is a typical month, recalled by the household; households whose electricity is included in rent are left out.
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| Under $50 | $50–99 | $100–149 | $150–199 | $200–249 | $250 or more | |
|---|---|---|---|---|---|---|
| New Mexico | 14.9% | 30.2% | 22.3% | 11.9% | 7.7% | 12.9% |
| United States | 5.2% | 17.9% | 20.7% | 16.7% | 13.0% | 26.6% |
Summer doubles the use
The small annual average hides a summer peak. Over the last 12 months, use per home ranged from 486 kWh in April 2026 to 983 kWh in August 2026, a ratio of 2.0 times. In August 2026 the computed average bill was $162.31, 15th lowest among the states that month (US: $209.231).
Heating demand outweighs cooling demand: NOAA counts 4,268 heating degree days and 1,0017 cooling degree days in an average year (2016 to 2025). EIA's 2020 household survey attributed 18% of residential electricity use in New Mexico to air conditioning and 8%5 to space heating.
Source: EIA, Electric Power Monthly / EIA-861M sales and revenue by state. Residential kWh sold per customer in each month. The table adds that month's average residential price. Monthly EIA data through August 2026 (released October 23, 2026); months since January 2026 are preliminary.
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| Month | kWh per customer | Residential ¢/kWh |
|---|---|---|
| September 2025 | 656 | 16.26¢ |
| October 2025 | 551 | 14.72¢ |
| November 2025 | 495 | 15.38¢ |
| December 2025 | 608 | 14.47¢ |
| January 2026 | 673 | 14.70¢ |
| February 2026 | 548 | 15.07¢ |
| March 2026 | 507 | 14.81¢ |
| April 2026 | 486 | 15.15¢ |
| May 2026 | 583 | 14.12¢ |
| June 2026 | 805 | 15.06¢ |
| July 2026 | 942 | 16.09¢ |
| August 2026 | 983 | 16.51¢ |
PNM, Xcel Energy and El Paso Electric
Most New Mexico homes get their power from one of three investor-owned utilities; the New Mexico Public Regulation Commission's electric utilities page lists all three. PNM (Public Service Company of New Mexico) had 496,914 residential customers in 2025, 55.6% of all homes in the state, across 19 counties including Bernalillo and Santa Fe. Xcel Energy, through its subsidiary Southwestern Public Service, serves 11.3% in 69 counties of eastern New Mexico. El Paso Electric Co serves 10.9%8, in four southern counties, Doña Ana among them.
PNM and Xcel Energy sit on opposite sides of the bill-versus-price split. PNM's bundled residential customers paid 16.35¢ per kWh in 2025, 10.1% above the New Mexico average, but used only 555 kWh a month, so their average bill was $90.82. Xcel Energy's customers paid 12.86¢ per kWh and used 973 kWh, for an average bill of $125.118. Lower price per kWh, larger bill.
Source: EIA-861 annual electric power industry report, 2025 final. EIA-861 2025 final. Average revenue per kWh is all charges divided by kWh; it is not a tariff rate.
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| Utility | average monthly residential use |
|---|---|
| Kit Carson Electric Cooperative (NM) | 495 |
| PNM (NM) | 555 |
| Jemez Mountains Electric Cooperative (NM) | 570 |
| City of Farmington (NM) | 651 |
| El Paso Electric Co (NM) | 718 |
| Xcel Energy (NM) | 973 |
EIA's monthly sample shows a wider gap since. Over the last 12 months (September 2025 to August 2026, 2026 months preliminary), PNM customers paid 17.02¢ per kWh and Xcel Energy customers 12.27¢ per kWh. The preliminary August 20261 figure for PNM was 18.83¢ per kWh, +4.0% against a year earlier, while Xcel Energy's was 13.02¢ per kWh, −11.5%. In each utility's peak month, the computed average bill was $158.80 at PNM (August 2026) and $182.97 at Xcel Energy (August 202610). The PNM and Xcel Energy pages follow each month by month.
Of the 10 utilities with 10,000 or more residential customers, El Paso Electric Co had the lowest 2025 average, 10.34¢ per kWh, and Otero County Electric Cooperative the highest, 19.56¢ per kWh: a spread of 9.22¢ per kWh8.
Cooperatives, Farmington and who serves an address
Outside the three investor-owned territories, 14 electric cooperatives and 3 public power systems sell electricity. In 2025, cooperative members (144,049 residential accounts) paid an average of 15.48¢ per kWh, the 54,194 public power customers 13.77¢ per kWh, and customers of the three investor-owned companies 14.63¢ per kWh. City of Farmington, the city-owned utility serving parts of San Juan and Rio Arriba counties, is the fourth-largest provider, with 4.0% of the state's homes; Jemez Mountains Electric Cooperative8 is the largest co-op.
County lines do not settle the question. EIA's 2025 territory filings place at least two utilities in 31 of New Mexico's 33 counties, with 69 reporting service in Chaves County. EIA publishes nothing by town or ZIP code, so no per-city average can be drawn from it; the utility's own service map, or the name on a current bill, is the answer. Texas-New Mexico Power, despite the name, reports customers only in Texas in EIA's data: it is one of the Texas delivery utilities.
Source: EIA-861 2025, service territory; Census Bureau, Cartographic boundary file, counties. Counties where each utility reports serving customers (EIA-861 service territory, 2025). A utility often serves only part of a county, and several can share one: the map shows where each one is present, not street-level boundaries. Point at a county for every utility listed there.
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| County | Utilities reporting service |
|---|---|
| Bernalillo County | PNM, Continental Divide El Cooperative, Central New Mexico El Cooperative |
| Catron County | PNM, Socorro Electric Cooperative, Sierra Electric Cooperative, Navopache Electric Cooperative |
| Chaves County | Xcel Energy, Central New Mexico El Cooperative, Otero County Electric Cooperative, Lea County Electric Cooperative, Central Valley Electric Cooperative, Roosevelt County Electric Cooperative |
| Cibola County | PNM, Continental Divide El Cooperative, Socorro Electric Cooperative |
| Colfax County | Kit Carson Electric Cooperative, Raton Public Service Company, Springer Electric Cooperative, Southwestern Electric Cooperative, Town of Springer |
| Curry County | PNM, Xcel Energy, Farmers Electric Cooperative, Roosevelt County Electric Cooperative |
| De Baca County | Central New Mexico El Cooperative, Farmers Electric Cooperative, Roosevelt County Electric Cooperative |
| Doña Ana County | PNM, El Paso Electric Co, Columbus Electric Cooperative |
| Eddy County | Xcel Energy, Lea County Electric Cooperative, Central Valley Electric Cooperative, Rio Grande Electric Cooperative |
| Grant County | PNM, Columbus Electric Cooperative, Duncan Valley Electric Cooperative |
| Guadalupe County | Central New Mexico El Cooperative, Mora-San Miguel Electric Cooperative, Farmers Electric Cooperative |
| Harding County | Farmers Electric Cooperative, Springer Electric Cooperative, Southwestern Electric Cooperative |
| Hidalgo County | PNM, Columbus Electric Cooperative, Duncan Valley Electric Cooperative |
| Lea County | Xcel Energy, Lea County Electric Cooperative, Central Valley Electric Cooperative |
| Lincoln County | PNM, Central New Mexico El Cooperative, Otero County Electric Cooperative, Socorro Electric Cooperative |
| Los Alamos County | Los Alamos County |
| Luna County | PNM, El Paso Electric Co, Columbus Electric Cooperative, Sierra Electric Cooperative |
| McKinley County | PNM, Jemez Mountains Electric Cooperative, Continental Divide El Cooperative, City of Gallup, Navajo Tribal Utility Authority |
| Mora County | Mora-San Miguel Electric Cooperative, Springer Electric Cooperative |
| Otero County | PNM, El Paso Electric Co, Otero County Electric Cooperative, Central Valley Electric Cooperative, Rio Grande Electric Cooperative |
| Quay County | Xcel Energy, Farmers Electric Cooperative, Southwestern Electric Cooperative |
| Rio Arriba County | City of Farmington, Jemez Mountains Electric Cooperative, Kit Carson Electric Cooperative, Northern Rio Arriba E Cooperative |
| Roosevelt County | Xcel Energy, Farmers Electric Cooperative, Roosevelt County Electric Cooperative |
| San Juan County | PNM, City of Farmington, Jemez Mountains Electric Cooperative, Navajo Tribal Utility Authority, City of Aztec, WAPA-- Western Area Power Administration |
| San Miguel County | PNM, Central New Mexico El Cooperative, Mora-San Miguel Electric Cooperative, Farmers Electric Cooperative, Springer Electric Cooperative |
| Sandoval County | PNM, Jemez Mountains Electric Cooperative, Continental Divide El Cooperative, Central New Mexico El Cooperative |
| Santa Fe County | PNM, Jemez Mountains Electric Cooperative, Central New Mexico El Cooperative, Mora-San Miguel Electric Cooperative |
| Sierra County | El Paso Electric Co, Socorro Electric Cooperative, Sierra Electric Cooperative, City of Truth or Consequences |
| Socorro County | PNM, Central New Mexico El Cooperative, Otero County Electric Cooperative, Socorro Electric Cooperative, Sierra Electric Cooperative |
| Taos County | Kit Carson Electric Cooperative |
| Torrance County | PNM, Central New Mexico El Cooperative, Socorro Electric Cooperative |
| Union County | PNM, Springer Electric Cooperative, Southwestern Electric Cooperative, Tri-County Electric Cooperative |
| Valencia County | PNM, Continental Divide El Cooperative, Central New Mexico El Cooperative, Socorro Electric Cooperative |
Homes paid more, industry less
The 12-month movement split by customer type. The residential average rose 5.0% over the last 12 months compared with the 12 before (September 2025 to August 2026), a little less than the US increase of 6.5%. The industrial average fell 9.4% to 5.30¢ per kWh, the lowest of any state and 40.5% below the US average; nationally, industrial prices rose 6.5%. In August 2026 alone, the preliminary industrial figure was 5.08¢ per kWh, −20.3%1 against a year earlier.
Commercial customers saw little change (+0.7% over the 12 months, to 10.94¢ per kWh). Across all sectors, the 12-month average of 9.12¢ per kWh was 2nd lowest1 in the country. EIA's figures do not say why the industrial average fell, and single months are preliminary and volatile.
Source: EIA, Electric Power Monthly / EIA-861M sales and revenue by state. Average revenue per kWh (all charges, nominal dollars), each month; summer and winter months differ by season. Monthly EIA data through August 2026 (released October 23, 2026); months since January 2026 are preliminary.
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| Period | New Mexico (¢/kWh) | United States (¢/kWh) |
|---|---|---|
| Jan 2022 | 6.04¢ | 7.19¢ |
| Feb 2022 | 6.23¢ | 7.28¢ |
| Mar 2022 | 6.46¢ | 7.37¢ |
| Apr 2022 | 6.45¢ | 7.70¢ |
| May 2022 | 6.17¢ | 8.25¢ |
| Jun 2022 | 6.33¢ | 8.85¢ |
| Jul 2022 | 6.97¢ | 9.31¢ |
| Aug 2022 | 6.71¢ | 9.38¢ |
| Sep 2022 | 7.47¢ | 9.06¢ |
| Oct 2022 | 7.17¢ | 8.45¢ |
| Nov 2022 | 7.00¢ | 8.14¢ |
| Dec 2022 | 5.53¢ | 8.50¢ |
| Jan 2023 | 5.75¢ | 8.18¢ |
| Feb 2023 | 6.07¢ | 8.01¢ |
| Mar 2023 | 5.91¢ | 7.80¢ |
| Apr 2023 | 5.56¢ | 7.51¢ |
| May 2023 | 5.69¢ | 7.64¢ |
| Jun 2023 | 5.73¢ | 8.11¢ |
| Jul 2023 | 5.73¢ | 8.35¢ |
| Aug 2023 | 5.22¢ | 8.90¢ |
| Sep 2023 | 6.11¢ | 8.43¢ |
| Oct 2023 | 5.97¢ | 8.01¢ |
| Nov 2023 | 6.07¢ | 7.79¢ |
| Dec 2023 | 5.28¢ | 7.61¢ |
| Jan 2024 | 5.22¢ | 8.07¢ |
| Feb 2024 | 5.39¢ | 7.76¢ |
| Mar 2024 | 5.64¢ | 7.68¢ |
| Apr 2024 | 5.53¢ | 7.79¢ |
| May 2024 | 5.75¢ | 7.87¢ |
| Jun 2024 | 5.43¢ | 8.41¢ |
| Jul 2024 | 5.40¢ | 8.73¢ |
| Aug 2024 | 4.74¢ | 8.67¢ |
| Sep 2024 | 5.61¢ | 8.45¢ |
| Oct 2024 | 5.31¢ | 8.11¢ |
| Nov 2024 | 5.52¢ | 7.85¢ |
| Dec 2024 | 5.59¢ | 7.96¢ |
| Jan 2025 | 5.02¢ | 8.25¢ |
| Feb 2025 | 6.34¢ | 8.13¢ |
| Mar 2025 | 6.66¢ | 8.14¢ |
| Apr 2025 | 6.34¢ | 8.10¢ |
| May 2025 | 5.95¢ | 8.19¢ |
| Jun 2025 | 5.84¢ | 8.79¢ |
| Jul 2025 | 5.68¢ | 9.22¢ |
| Aug 2025 | 6.37¢ | 8.98¢ |
| Sep 2025 | 6.26¢ | 8.90¢ |
| Oct 2025 | 5.47¢ | 8.53¢ |
| Nov 2025 | 5.31¢ | 8.29¢ |
| Dec 2025 | 5.08¢ | 8.40¢ |
| Jan 2026 | 5.72¢ | 9.29¢ |
| Feb 2026 | 5.65¢ | 8.94¢ |
| Mar 2026 | 5.84¢ | 8.56¢ |
| Apr 2026 | 6.23¢ | 8.60¢ |
| May 2026 | 4.45¢ | 8.68¢ |
| Jun 2026 | 4.62¢ | 9.16¢ |
| Jul 2026 | 4.16¢ | 9.77¢ |
| Aug 2026 | 5.08¢ | 9.64¢ |
A grid that runs on wind
In 2025 the largest source of New Mexico's electricity was wind, at 36.5% of generation; the wind share was the 5th highest among the states. In 2015 coal produced 62.5% and wind 6.4%; by 2025 coal was down to 20.7%, and solar had grown from 1.9% to 15.9%. Natural gas held roughly steady at 26.6%. Renewable sources together made up 52.8%, against 24.1%12 for the US.
New Mexico's plants generated the equivalent of 125%12 of its retail sales in 2025, more electricity than its homes and businesses bought. The mix does not set the retail price on its own; the price also carries the cost of the wires, the plants and the utilities' fuel contracts.
Source: EIA, Net generation by state by type of producer by energy source. Share of net generation by all power plants located in the state (utilities and independent producers), by energy source. Electricity crosses state lines, so this is what the state produces, not exactly what its customers consume. Pumped storage is a net user of power and is left out.
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| Natural gas | Coal | Nuclear | Hydro | Wind | Solar | Petroleum | Other | |
|---|---|---|---|---|---|---|---|---|
| New Mexico, 2025 | 26.6% | 20.7% | 0.0% | 0.3% | 36.5% | 15.9% | 0.0% | 0.0% |
| New Mexico, 2015 | 28.6% | 62.5% | 0.0% | 0.3% | 6.4% | 1.9% | 0.2% | 0.1% |
| United States, 2025 | 40.9% | 16.6% | 17.7% | 5.5% | 10.4% | 6.8% | 0.4% | 1.7% |
Rooftop solar and few smart meters
New Mexico had 68.2 net-metered residential solar installations per 1,000 residential customers in 2025, the 8th highest rate among the states (US: 38.1), 64,532 in all. Most are on PNM's wires: 47,762 installations, 96.1 per 1,000 customers, against 22.113 at Xcel Energy.
Smart meters are another matter. Only 36.6% of the state's residential meters were advanced (AMI) meters in 2025, 5th lowest among the states. PNM reported 0.0%; Xcel Energy 83.1%. Time-varying rates remain rare: 1.1% of New Mexico homes were enrolled in 2025 (US: 11.3%); PNM reported 4,970 residential customers on time-of-use13 pricing.
Alabama 0.0Hawaii 232.3
Source: EIA-861 2025, advanced meters, dynamic pricing and net metering. Each dot is a state. Residential photovoltaic installations under net metering (EIA-861) per 1,000 residential customers. Period: 2025.
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| State | Net-metered solar per 1,000 homes |
|---|---|
| Hawaii | 232.3 |
| California | 156.0 |
| Nevada | 106.7 |
| Arizona | 104.2 |
| Connecticut | 75.6 |
| Colorado | 73.8 |
| Massachusetts | 71.9 |
| New Mexico | 68.2 |
| District of Columbia | 66.1 |
| Utah | 66.0 |
| New Jersey | 58.0 |
| Maryland | 48.1 |
| Rhode Island | 43.0 |
| New Hampshire | 38.3 |
| New York | 33.7 |
| Oregon | 32.6 |
| Delaware | 31.5 |
| Florida | 29.9 |
| Vermont | 29.9 |
| Idaho | 26.9 |
| Maine | 25.4 |
| Montana | 22.2 |
| Illinois | 22.0 |
| Virginia | 20.2 |
| Washington | 19.4 |
| Pennsylvania | 16.9 |
| Louisiana | 16.7 |
| South Carolina | 15.7 |
| Iowa | 13.2 |
| Arkansas | 13.1 |
| North Carolina | 12.4 |
| Wyoming | 12.1 |
| Missouri | 11.3 |
| Texas | 10.8 |
| Minnesota | 10.2 |
| Alaska | 10.0 |
| Oklahoma | 9.6 |
| Wisconsin | 7.5 |
| Kansas | 7.4 |
| Michigan | 5.9 |
| Ohio | 5.8 |
| West Virginia | 5.6 |
| Kentucky | 5.3 |
| Georgia | 4.2 |
| Indiana | 3.7 |
| Nebraska | 3.6 |
| Mississippi | 1.5 |
| South Dakota | 1.3 |
| North Dakota | 0.2 |
| Alabama | 0.0 |
| Tennessee | 0.0 |
Twenty-five years of slower increases
New Mexico's residential price was 8.74¢ per kWh in 2001, slightly above the US average of 8.58¢ per kWh14. By 2025 it was 14.85¢ per kWh, a rise of 69.9%, the 5th lowest increase among the states; the national average roughly doubled (+100.8%). The annual average went up in 18 years after 2002; 2019 brought the most recent decline. From 2024 to 2025 it went up 4.6%3, the same as the US. These are nominal prices, not adjusted for inflation.
Source: EIA, Historical state data, annual sales, revenue and customers; EIA, Historical state data, monthly sales and revenue 1990-2009. Average revenue per kWh (all charges, nominal dollars), each calendar year: 2010 onward EIA-861 final annual data, 2001–2009 the sum of the monthly survey.
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| Period | New Mexico (¢/kWh) | United States (¢/kWh) |
|---|---|---|
| 2001 | 8.74¢ | 8.58¢ |
| 2002 | 8.50¢ | 8.44¢ |
| 2003 | 8.69¢ | 8.72¢ |
| 2004 | 8.67¢ | 8.95¢ |
| 2005 | 9.13¢ | 9.45¢ |
| 2006 | 9.06¢ | 10.40¢ |
| 2007 | 9.12¢ | 10.65¢ |
| 2008 | 10.01¢ | 11.26¢ |
| 2009 | 10.02¢ | 11.51¢ |
| 2010 | 10.52¢ | 11.54¢ |
| 2011 | 11.00¢ | 11.72¢ |
| 2012 | 11.38¢ | 11.88¢ |
| 2013 | 11.68¢ | 12.13¢ |
| 2014 | 12.28¢ | 12.52¢ |
| 2015 | 12.47¢ | 12.65¢ |
| 2016 | 12.03¢ | 12.55¢ |
| 2017 | 12.88¢ | 12.89¢ |
| 2018 | 12.68¢ | 12.87¢ |
| 2019 | 12.51¢ | 13.01¢ |
| 2020 | 12.94¢ | 13.15¢ |
| 2021 | 13.52¢ | 13.66¢ |
| 2022 | 13.84¢ | 15.04¢ |
| 2023 | 13.85¢ | 16.00¢ |
| 2024 | 14.20¢ | 16.48¢ |
| 2025 | 14.85¢ | 17.23¢ |
Reliability and bill assistance
Under the IEEE 1366 standard, the average New Mexico customer lost power for 172 minutes in 2025 including major events and 149 minutes on normal days, across 1.29 interruptions. The figure was 125 minutes at PNM and 235 minutes15 at Xcel Energy. Other states appear in the power outages ranking.
For households that struggle with bills, the state's fiscal 2026 allocation under LIHEAP, the federal energy assistance block grant, was $20.1 million, or $23.27 per occupied home; the initial fiscal 2027 release was $17.5 million16. Our guide to help with electric bills covers eligibility and other programs.
| PNM | Investor-owned | 496,914 | 16.35¢ | $90.82 | 555 |
|---|---|---|---|---|---|
| Xcel Energy | Investor-owned | 101,203 | 12.86¢ | $125.11 | 973 |
| El Paso Electric Co | Investor-owned | 97,258 | 10.34¢ | $74.30 | 718 |
| City of Farmington | Municipal | 36,031 | 12.95¢ | $84.33 | 651 |
| Jemez Mountains Electric Cooperative | Cooperative | 28,185 | 15.76¢ | $89.84 | 570 |
| Kit Carson Electric Cooperative | Cooperative | 26,286 | 15.68¢ | $77.55 | 495 |
| Continental Divide El Cooperative | Cooperative | 20,474 | 16.87¢ | $99.89 | 592 |
| Central New Mexico El Cooperative | Cooperative | 19,323 | 17.39¢ | $100.83 | 580 |
| Otero County Electric Cooperative | Cooperative | 16,517 | 19.56¢ | $109.54 | 560 |
| Socorro Electric Cooperative | Cooperative | 13,194 all | 14.77¢ all customers | – | – |
| Mora-San Miguel Electric Cooperative | Cooperative | 11,604 all | 16.88¢ all customers | – | – |
| City of Gallup | Municipal | 10,897 all | 15.04¢ all customers | – | – |
| Farmers Electric Cooperative | Cooperative | 10,310 | 13.68¢ | $111.99 | 819 |
| Navajo Tribal Utility Authority | State authority | 9,768 | 16.44¢ | $85.73 | 521 |
| Los Alamos County | Municipal | 8,395 | 14.79¢ | $93.19 | 630 |
| Lea County Electric Cooperative | Cooperative | 7,292 | 11.03¢ | $118.70 | 1,076 |
| Central Valley Electric Cooperative | Cooperative | 6,167 | 9.79¢ | $112.39 | 1,149 |
| Columbus Electric Cooperative | Cooperative | 5,052 all | 16.03¢ all customers | – | – |
| Sierra Electric Cooperative | Cooperative | 4,469 all | 17.89¢ all customers | – | – |
| Raton Public Service Company | Municipal | 4,275 all | 15.75¢ all customers | – | – |
| City of Truth or Consequences | Municipal | 4,066 all | 16.52¢ all customers | – | – |
| Roosevelt County Electric Cooperative | Cooperative | 3,898 | 13.54¢ | $138.60 | 1,023 |
| Northern Rio Arriba E Cooperative | Cooperative | 3,266 all | 19.83¢ all customers | – | – |
| City of Aztec | Municipal | 3,169 all | 14.17¢ all customers | – | – |
| Springer Electric Cooperative | Cooperative | 2,423 | 21.96¢ | $107.79 | 491 |
| Navopache Electric Cooperative | Cooperative | 1,500 | 15.10¢ | $68.17 | 451 |
| Southwestern Electric Cooperative | Cooperative | 1,435 | 25.31¢ | $134.52 | 532 |
Source: EIA-861 annual electric power industry report, 2025 final. EIA-861 2025 final; utilities with 1,000 or more residential customers. Price, bill and kWh are for bundled (full-service) residential customers: revenue divided by kWh, all charges included. Small utilities that file EIA's short form report all customers together (marked "all customers").
| Bernalillo County | 3 | PNM, Continental Divide El Cooperative, Central New Mexico El Cooperative |
|---|---|---|
| Catron County | 4 | PNM, Socorro Electric Cooperative, Sierra Electric Cooperative, Navopache Electric Cooperative |
| Chaves County | 6 | Xcel Energy, Central New Mexico El Cooperative, Otero County Electric Cooperative, Lea County Electric Cooperative, Central Valley Electric Cooperative, Roosevelt County Electric Cooperative |
| Cibola County | 3 | PNM, Continental Divide El Cooperative, Socorro Electric Cooperative |
| Colfax County | 5 | Kit Carson Electric Cooperative, Raton Public Service Company, Springer Electric Cooperative, Southwestern Electric Cooperative, Town of Springer |
| Curry County | 4 | PNM, Xcel Energy, Farmers Electric Cooperative, Roosevelt County Electric Cooperative |
| De Baca County | 3 | Central New Mexico El Cooperative, Farmers Electric Cooperative, Roosevelt County Electric Cooperative |
| Doña Ana County | 3 | PNM, El Paso Electric Co, Columbus Electric Cooperative |
| Eddy County | 4 | Xcel Energy, Lea County Electric Cooperative, Central Valley Electric Cooperative, Rio Grande Electric Cooperative |
| Grant County | 3 | PNM, Columbus Electric Cooperative, Duncan Valley Electric Cooperative |
| Guadalupe County | 3 | Central New Mexico El Cooperative, Mora-San Miguel Electric Cooperative, Farmers Electric Cooperative |
| Harding County | 3 | Farmers Electric Cooperative, Springer Electric Cooperative, Southwestern Electric Cooperative |
| Hidalgo County | 3 | PNM, Columbus Electric Cooperative, Duncan Valley Electric Cooperative |
| Lea County | 3 | Xcel Energy, Lea County Electric Cooperative, Central Valley Electric Cooperative |
| Lincoln County | 4 | PNM, Central New Mexico El Cooperative, Otero County Electric Cooperative, Socorro Electric Cooperative |
| Los Alamos County | 1 | Los Alamos County |
| Luna County | 4 | PNM, El Paso Electric Co, Columbus Electric Cooperative, Sierra Electric Cooperative |
| McKinley County | 5 | PNM, Jemez Mountains Electric Cooperative, Continental Divide El Cooperative, City of Gallup, Navajo Tribal Utility Authority |
| Mora County | 2 | Mora-San Miguel Electric Cooperative, Springer Electric Cooperative |
| Otero County | 5 | PNM, El Paso Electric Co, Otero County Electric Cooperative, Central Valley Electric Cooperative, Rio Grande Electric Cooperative |
| Quay County | 3 | Xcel Energy, Farmers Electric Cooperative, Southwestern Electric Cooperative |
| Rio Arriba County | 4 | City of Farmington, Jemez Mountains Electric Cooperative, Kit Carson Electric Cooperative, Northern Rio Arriba E Cooperative |
| Roosevelt County | 3 | Xcel Energy, Farmers Electric Cooperative, Roosevelt County Electric Cooperative |
| San Juan County | 6 | PNM, City of Farmington, Jemez Mountains Electric Cooperative, Navajo Tribal Utility Authority, City of Aztec, WAPA-- Western Area Power Administration |
| San Miguel County | 5 | PNM, Central New Mexico El Cooperative, Mora-San Miguel Electric Cooperative, Farmers Electric Cooperative, Springer Electric Cooperative |
| Sandoval County | 4 | PNM, Jemez Mountains Electric Cooperative, Continental Divide El Cooperative, Central New Mexico El Cooperative |
| Santa Fe County | 4 | PNM, Jemez Mountains Electric Cooperative, Central New Mexico El Cooperative, Mora-San Miguel Electric Cooperative |
| Sierra County | 4 | El Paso Electric Co, Socorro Electric Cooperative, Sierra Electric Cooperative, City of Truth or Consequences |
| Socorro County | 5 | PNM, Central New Mexico El Cooperative, Otero County Electric Cooperative, Socorro Electric Cooperative, Sierra Electric Cooperative |
| Taos County | 1 | Kit Carson Electric Cooperative |
| Torrance County | 3 | PNM, Central New Mexico El Cooperative, Socorro Electric Cooperative |
| Union County | 4 | PNM, Springer Electric Cooperative, Southwestern Electric Cooperative, Tri-County Electric Cooperative |
| Valencia County | 4 | PNM, Continental Divide El Cooperative, Central New Mexico El Cooperative, Socorro Electric Cooperative |
Source: EIA-861 2025, service territory. Distribution utilities that report customers in the county (EIA-861 2025 service territory), largest first. Several utilities can serve parts of the same county; for a specific address, the utilities' own service-area maps decide.
Questions and answers
What is the average cost of electricity per kWh in New Mexico?
New Mexico homes paid an average of 15.31¢ per kWh over the last 12 months (September 2025 to August 2026), all charges except most taxes included. The 2025 annual average was 14.85¢ per kWh3, and the preliminary figure for the single month of August 2026 was 16.51¢ per kWh1. These are averages across all utilities, not a tariff.
What is the average electric bill in New Mexico?
$94.65 a month in 2025, for 638 kWh of electricity, the lowest2 among the 50 states and DC according to EIA. Over the last 12 months the computed average was $99.89; in August 2026 alone it was $162.311.
What are the electric companies in New Mexico?
PNM serves 55.6% of the state's residential customers, followed by Xcel Energy in the east (11.3%) and El Paso Electric Co in the south (10.9%), according to EIA's 2025 data. City of Farmington8 is the largest city utility; electric cooperatives serve most rural areas. The address decides which one serves a home.
Is Texas-New Mexico Power a New Mexico utility?
Not for electricity delivery today. In EIA's 2025 records, Texas-New Mexico Power (TNMP) reports customers only in Texas, where it is a delivery utility in the competitive market. Homes in New Mexico are served by PNM, Xcel Energy, El Paso Electric, a city utility or a cooperative.
Can I choose my electricity supplier in New Mexico?
No. EIA counted 08 competitive suppliers with residential customers in New Mexico in 2025. Every home buys power from the utility that serves its address.
More on electricity in and around New Mexico
Utility pages: PNM and Xcel Energy.
Neighboring states: Arizona, Colorado, Oklahoma and Texas. Put New Mexico side by side with another state in the comparison tool, or estimate a bill with your own kWh in the bill calculator.
| Ranking | Value | Rank |
|---|---|---|
| Cheapest electricity by state | 15.31¢ | 21st of 51 (1 = lowest) |
| Average electric bill by state | $94.65 | 51st of 51 |
| Average electricity usage by state | 638 | 42nd of 51 |
| Electricity price increases by state | +5.0% | tied 34th of 51 |
| Commercial electricity rates by state | 10.94¢ | 12th of 51 (1 = lowest) |
| Industrial electricity rates by state | 5.30¢ | 1st of 51 (1 = lowest) |
| Power outages by state | 172 | 39th of 51 |
| Renewable electricity by state | 52.8% | 10th of 51 |
| Rooftop solar on net metering by state | 68.2 | 8th of 51 |
Sources
- EIA, Electric Power Monthly / EIA-861M sales and revenue by state; table sales_revenue.xlsx (EPM Table 5.6.A); January 2001 to 2026-08; months since January 2026 preliminary; released October 23, 2026. www.eia.gov
- EIA-861 2025, average monthly bill by state; table Average_Bill_2025; 2025, final; released October 7, 2026. www.eia.gov
- EIA, Historical state data, annual sales, revenue and customers; table HS861 2010-.xlsx; 2010-2025, final; released October 7, 2026. www.eia.gov
- Census Bureau, American Community Survey 2025 1-year estimates, house heating fuel, table B25040; 2025; released October 29, 2026. data.census.gov
- EIA, Residential Energy Consumption Survey 2020, state data; table CE4.1.EL.ST, CE5 state tables, state highlights; released June 28, 2023. www.eia.gov
- Census Bureau, American Community Survey 2025 1-year estimates, table B25132; 2025; released October 29, 2026. data.census.gov
- NOAA, Climate Prediction Center population-weighted degree days by state; table daily state files, base 65°F; 2016-2025 annual sums; 1981-2010 CPC normals; released November 13, 2026. ftp.cpc.ncep.noaa.gov
- EIA-861 annual electric power industry report, 2025 final; table Sales_Ult_Cust_2025; 2025, final; released October 7, 2026. www.eia.gov
- EIA-861 2025, service territory; table Service_Territory_2025; 2025, final; released October 7, 2026. www.eia.gov
- EIA-861M monthly sales and revenue by utility; table sales_ult_cust_2025 and _2026; released October 23, 2026. www.eia.gov
- Census Bureau, Cartographic boundary file, counties; table cb_2025_us_county_5m; cb_2021_us_county_5m; 2025 (2021 for Connecticut). www.census.gov
- EIA, Net generation by state by type of producer by energy source; table annual_generation_state.xlsx; 1990-2025; released September 14, 2026. www.eia.gov
- EIA-861 2025, advanced meters, dynamic pricing and net metering; table Advanced_Meters, Dynamic_Pricing, Net_Metering 2025; 2025, final; released October 7, 2026. www.eia.gov
- EIA, Historical state data, monthly sales and revenue 1990-2009; table HS861M 1990-2009.xlsx; 1990-2009, final. www.eia.gov
- EIA-861 2025, reliability; table Reliability_2025; 2025, final; released October 7, 2026. www.eia.gov
- HHS, LIHEAP funding releases to states; table FY2027 first release; FY2026 final; FY2027 first release (October 9, 2026); FY2026 total; released October 9, 2026. acf.gov
Margins of error (±) are at the 90% confidence level. A difference is called significant only when it passes the Census Bureau's test at that level. How every figure is built: methodology. Found an error? Write to [email protected]; corrections are listed on the updates page.