States › New Mexico
State · 2024 annual, monthly to Jul 2026
New Mexico electricity prices and utilities
Households in New Mexico paid an average of 14.20¢ per kilowatthour for electricity in 2024, 14% below the US average of 16.48¢. That ranks 31st highest of the 50 states and the District of Columbia.
The average residential bill was $92.88 a month on 654 kWh of monthly use (US: $142.26 on 863 kWh), the 51st highest bill. Residential sales came to 3,457 kWh per resident over the year.
In July 2026, the latest month EIA has published, the residential average was 16.09¢, up 1.8% on July 2025; the US figure for the month was 18.31¢. Monthly figures are preliminary until EIA finalises the year.
20 respondents reported residential customers in New Mexico on the full Form EIA-861 for 2024, and 11 smaller utilities filed the short form, which has no residential breakdown. Investor-owned utilities account for 77.8% of the residential customers reported.
Average price is revenue divided by sales for the sector and year; it is not a tariff rate. Reliability figures are as reported by utilities to EIA on Form 861 and may use different calculation methods. State averages are EIA's own, from Forms EIA-861 and EIA-861M.
Residential price by month
New MexicoUnited States
Monthly pages:Jul 2026Jun 2026May 2026Apr 2026Mar 2026Feb 2026Jan 2026Dec 2025Nov 2025Oct 2025Sep 2025Aug 2025Jul 2025Jun 2025May 2025Apr 2025Mar 2025Feb 2025Jan 2025Dec 2024Nov 2024Oct 2024Sep 2024Aug 2024
Year by year
| Year | Residential ¢ | US ¢ | Commercial ¢ | Industrial ¢ | Monthly bill | kWh a month |
|---|---|---|---|---|---|---|
| 2026 to Jul 2026 | 15.08¢ | 18.19¢ | 10.75¢ | 5.21¢ | $97.89 | 649 |
| 2025 preliminary | 15.08¢ | 17.30¢ | 11.23¢ | 5.90¢ | $98.58 | 654 |
| 2024 | 14.20¢ | 16.48¢ | 10.54¢ | 5.43¢ | $92.88 | 654 |
| 2023 | 13.85¢ | 16.00¢ | 10.68¢ | 5.75¢ | $91.20 | 659 |
| 2022 | 13.84¢ | 15.04¢ | 11.07¢ | 6.56¢ | $91.21 | 659 |
| 2021 | 13.52¢ | 13.66¢ | 10.80¢ | 6.16¢ | $87.31 | 646 |
| 2020 | 12.94¢ | 13.15¢ | 10.28¢ | 5.58¢ | $86.66 | 670 |
| 2019 | 12.51¢ | 13.01¢ | 9.79¢ | 5.48¢ | $80.04 | 640 |
| 2018 | 12.68¢ | 12.87¢ | 10.02¢ | 5.84¢ | $81.08 | 639 |
| 2017 | 12.88¢ | 12.89¢ | 10.19¢ | 6.15¢ | $79.16 | 615 |
| 2016 | 12.03¢ | 12.55¢ | 9.75¢ | 5.84¢ | $75.96 | 631 |
| 2015 | 12.47¢ | 12.65¢ | 10.30¢ | 6.33¢ | $79.23 | 635 |
| 2014 | 12.28¢ | 12.52¢ | 10.27¢ | 6.61¢ | $77.79 | 633 |
| 2013 | 11.68¢ | 12.13¢ | 9.74¢ | 6.36¢ | $76.56 | 655 |
Nominal prices. The five-year change in the residential average is +13.5%. A part-year row covers January to the latest month published, so it is not comparable with full years: winter and summer months weigh differently.
Utilities by average residential price, 2024
Every filing with at least 100 bundled residential customers in New Mexico, highest average price first. Linked utilities have 1,000 or more residential customers. A multi-state utility appears with its New Mexico figures only.
| Utility | Ownership | Residential customers | ¢ per kWh | Monthly bill | SAIDI, all events | SAIDI, no major events |
|---|---|---|---|---|---|---|
| Southwestern Electric Coop Inc | Cooperative | 1,434 | 24.09¢ | $132.68 | — | — |
| Springer Electric Coop, Inc | Cooperative | 2,453 | 19.01¢ | $96.96 | — | — |
| Rio Grande Electric Coop, Inc | Cooperative | 232 | 18.30¢ | $117.31 | — | — |
| Kit Carson Electric Coop, Inc | Cooperative | 26,097 | 18.18¢ | $89.51 | 185.1 | 132.5 |
| Otero County Electric Coop Inc | Cooperative | 16,448 | 17.65¢ | $101.33 | — | — |
| Central New Mexico El Coop, Inc | Cooperative | 19,126 | 17.16¢ | $100.42 | 624.7 | 305.4 |
| Navajo Tribal Utility Authority | State | 9,834 | 16.53¢ | $84.88 | 526.2 | 292.1 |
| Continental Divide El Coop Inc | Cooperative | 20,415 | 16.02¢ | $97.93 | 299.5 | 209.0 |
| Public Service Co of NM | Investor-owned | 492,945 | 15.57¢ | $89.42 | 278.7 | 124.5 |
| Jemez Mountains Elec Coop, Inc | Cooperative | 28,093 | 15.36¢ | $89.25 | 1,876.7 | 1,044.8 |
| Navopache Electric Coop, Inc | Cooperative | 1,493 | 14.94¢ | $67.59 | — | — |
| Los Alamos County | Municipal | 7,742 | 14.15¢ | $93.51 | 30.4 | 30.4 |
| Farmers Electric Coop, Inc | Cooperative | 10,258 | 12.87¢ | $107.23 | 190.0 | 190.0 |
| City of Farmington | Municipal | 35,990 | 12.69¢ | $82.68 | 103.4 | — |
| Roosevelt County Elec Coop Inc | Cooperative | 3,918 | 12.07¢ | $125.83 | — | — |
| Southwestern Public Service Co | Investor-owned | 100,540 | 11.98¢ | $119.31 | 152.2 | 135.5 |
| El Paso Electric Co | Investor-owned | 94,760 | 10.16¢ | $75.16 | 99.6 | 99.6 |
| Lea County Electric Coop, Inc | Cooperative | 7,217 | 10.07¢ | $113.90 | 90.7 | 90.7 |
| Central Valley Elec Coop, Inc | Cooperative | 6,150 | 8.91¢ | $104.75 | 352.5 | 195.9 |
Energy-only and delivery-only filings
These respondents bill part of the service in New Mexico, so EIA's revenue figure for them is not a whole price and none is listed here.
| Respondent | Ownership | Residential customers |
|---|---|---|
| Tri-County Electric Coop, Inc (OK) bundled, under 100 | Electric cooperatives | 3 |
Reliability by utility, 2024
SAIDI: minutes of sustained interruption per customer over the year, including major event days (paler bars: the utility reported only the figure without major event days). Median across 13 New Mexico filings: 190.0 minutes with major event days, 162.8 without. EIA's state total: 278.8 and 156.5 minutes, with SAIFI of 1.32 interruptions per customer. Utilities use differing calculation methods, and a single storm can dominate a small utility's year.
| Year | Median SAIDI, all events | Median SAIDI, no major events | Filings | EIA state total, all events | EIA state total, no major events |
|---|---|---|---|---|---|
| 2024 | 190.0 | 162.7 | 13 | 278.8 | 156.5 |
| 2023 | 239.2 | 221.2 | 14 | 168.9 | 132.3 |
| 2022 | 211.0 | 134.1 | 14 | — | — |
| 2021 | 296.0 | 168.7 | 13 | — | — |
| 2020 | 161.5 | 161.0 | 13 | — | — |
| 2019 | 257.9 | 136.6 | 16 | — | — |
| 2018 | 172.3 | 153.9 | 14 | — | — |
| 2017 | 153.8 | 157.2 | 13 | — | — |
| 2016 | 113.9 | 110.8 | 14 | — | — |
| 2015 | 191.3 | 129.0 | 14 | — | — |
| 2014 | 82.0 | 79.5 | 13 | — | — |
| 2013 | 149.1 | 155.0 | 12 | — | — |
Sales by sector, 2024
| Sector | Sales | Share | ¢ per kWh |
|---|---|---|---|
| Residential | 7.3 TWh | 24% | 14.20¢ |
| Commercial | 9.6 TWh | 32% | 10.54¢ |
| Industrial | 13.4 TWh | 44% | 5.43¢ |
| All sectors | 30.3 TWh | 9.18¢ |
Residential sales per resident: 3,457 kWh a year, on a Census population estimate of 2,125,498.
Who serves New Mexico
| Ownership | Filings | Residential customers | Share | Median ¢ |
|---|---|---|---|---|
| Investor-owned utilities | 3 | 688,245 | 77.8% | 11.98¢ |
| Electric cooperatives | 14 | 143,337 | 16.2% | 16.02¢ |
| Municipal utilities | 2 | 43,732 | 4.9% | 13.42¢ |
| State-owned utilities | 1 | 9,834 | 1.1% | 16.53¢ |
Customers as reported by each respondent. Where households buy energy from a retail supplier, the delivery utility and the supplier both report them, so shares describe filings, not households.
Counties
Each county page lists the utilities whose Form EIA-861 service territory includes it.
- Bernalillo County 3
- Catron County 4
- Chaves County 6
- Cibola County 3
- Colfax County 5
- Curry County 4
- De Baca County 3
- Doña Ana County 3
- Eddy County 4
- Grant County 3
- Guadalupe County 3
- Harding County 3
- Hidalgo County 3
- Lea County 3
- Lincoln County 4
- Los Alamos County 1
- Luna County 4
- McKinley County 5
- Mora County 2
- Otero County 5
- Quay County 3
- Rio Arriba County 4
- Roosevelt County 3
- San Juan County 6
- San Miguel County 5
- Sandoval County 4
- Santa Fe County 4
- Sierra County 4
- Socorro County 5
- Taos County 1
- Torrance County 3
- Union County 4
- Valencia County 4
Questions and answers
What is the average electricity price in New Mexico?
14.20¢ per kilowatthour for residential customers in 2024, against a US average of 16.48¢. Commercial customers averaged 10.54¢ and industrial customers 5.43¢. The latest monthly residential figure is 16.09¢ for July 2026 (preliminary).
What is the average electric bill in New Mexico?
$92.88 a month for residential customers in 2024, on average use of 654 kWh a month. The US average was $142.26 on 863 kWh.
Is electricity getting more expensive in New Mexico?
The average residential price was up 2.5% in 2024 on the year before and up 13.5% on 2019. These are nominal prices, not adjusted for inflation.
How reliable is electric service in New Mexico?
EIA's state total for 2024 is 278.8 minutes of interruption per customer including major event days and 156.5 minutes excluding them, across utilities reporting under any method. The median utility in the state reported 190.0 minutes including major event days.
How many electric utilities serve New Mexico?
20 respondents reported residential customers in New Mexico on the full Form EIA-861 for 2024; 19 of them have a bundled residential price. Another 11 small utilities filed the short form. 33 counties appear in service territories.
Provenance
Source: U.S. Energy Information Administration. State averages, sales and customers by year and month: Form EIA-861M sales and revenue workbook, through July 2026. Utility rows, reliability and service territories: Form EIA-861, 2024 final release. Population: U.S. Census Bureau Vintage 2025 estimates. Public domain. See methodology.