States › New Mexico › January 2026
New Mexico electricity prices, January 2026
Average price, sales and bills for the month against the same month a year earlier and the US. Preliminary
In January 2026, residential customers in New Mexico paid an average of 14.70¢ per kilowatthour, up 7.6% on the same month a year earlier (13.66¢). The US average for the month was 17.45¢; New Mexico was 16% below that. It ranked 30th highest among the 50 states and the District of Columbia.
Residential sales were 624,717 MWh, down 7.8% on a year earlier, and the average residential bill for the month was $98.87 on 673 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 2026 | Jan 2025 | Change | US, Jan 2026 |
|---|---|---|---|---|
| Residential | 14.70¢ | 13.66¢ | +7.6% | 17.45¢ |
| Commercial | 10.75¢ | 10.19¢ | +5.5% | 13.64¢ |
| Industrial | 5.72¢ | 5.08¢ | +12.6% | 9.29¢ |
| All sectors | 9.21¢ | 8.85¢ | +4.1% | 14.17¢ |
Sales and customers
| Measure | Jan 2026 | Jan 2025 | Change |
|---|---|---|---|
| Residential sales | 624.7 GWh | 677.7 GWh | -7.8% |
| Sales, all sectors | 2.7 TWh | 2.6 TWh | +4.2% |
| Residential customers | 928,911 | 916,999 | +1.3% |
| Average residential bill | $98.87 | $100.96 | -2.1% |
| Average residential use, kWh | 673 | 739 | -8.9% |
| US residential price | 17.45¢ | 15.94¢ | +9.5% |
The two years to January 2026
New Mexico residentialUS residential
Questions and answers
What was the average electricity price in New Mexico in January 2026?
14.70¢ per kilowatthour for residential customers, 10.75¢ for commercial and 5.72¢ for industrial customers. EIA marks the month as preliminary.
How does that compare with a year earlier?
The residential average was 13.66¢ in January 2025, a change of +7.6%. Residential sales changed by -7.8% over the same period.
What was the average residential bill that month?
$98.87, on average use of 673 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.