States › New Mexico › January 2025
New Mexico electricity prices, January 2025
Average price, sales and bills for the month against the same month a year earlier and the US. Preliminary
In January 2025, residential customers in New Mexico paid an average of 13.66¢ per kilowatthour, up 4.4% on the same month a year earlier (13.08¢). The US average for the month was 15.94¢; New Mexico was 14% below that. It ranked 32nd highest among the 50 states and the District of Columbia.
Residential sales were 677,708 MWh, up 3.7% on a year earlier, and the average residential bill for the month was $100.96 on 739 kWh. Weather moves monthly sales far more than prices do, so bills swing with the season.
EIA marks this month as preliminary. Preliminary months come from the Form EIA-861M sample and are revised when the annual census is complete.
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. Monthly figures come from the Form EIA-861M sample and are revised when EIA finalises the year.
Price by sector
| Sector | Jan 2025 | Jan 2024 | Change | US, Jan 2025 |
|---|---|---|---|---|
| Residential | 13.66¢ | 13.08¢ | +4.4% | 15.94¢ |
| Commercial | 10.19¢ | 10.00¢ | +1.9% | 12.82¢ |
| Industrial | 5.08¢ | 5.22¢ | -2.7% | 8.34¢ |
| All sectors | 8.85¢ | 8.80¢ | +0.6% | 13.09¢ |
Sales and customers
| Measure | Jan 2025 | Jan 2024 | Change |
|---|---|---|---|
| Residential sales | 677.7 GWh | 653.4 GWh | +3.7% |
| Sales, all sectors | 2.6 TWh | 2.4 TWh | +5.8% |
| Residential customers | 916,999 | 929,841 | -1.4% |
| Average residential bill | $100.96 | $91.92 | +9.8% |
| Average residential use, kWh | 739 | 703 | +5.1% |
| US residential price | 15.94¢ | 15.41¢ | +3.4% |
The two years to January 2025
New Mexico residentialUS residential
Questions and answers
What was the average electricity price in New Mexico in January 2025?
13.66¢ per kilowatthour for residential customers, 10.19¢ for commercial and 5.08¢ for industrial customers. EIA marks the month as preliminary.
How does that compare with a year earlier?
The residential average was 13.08¢ in January 2024, a change of +4.4%. Residential sales changed by +3.7% over the same period.
What was the average residential bill that month?
$100.96, on average use of 739 kWh. This is residential revenue divided by residential customers for the month.
Provenance
Source: U.S. Energy Information Administration, Form EIA-861M sales and revenue workbook (state by sector and month), status "Preliminary" for this month, series published through July 2026. Public domain. Price = revenue ÷ sales; bill = residential revenue ÷ residential customers. Utility-level annual figures are on the New Mexico page.