States › New Mexico › February 2026
New Mexico electricity prices, February 2026
Average price, sales and bills for the month against the same month a year earlier and the US. Preliminary
In February 2026, residential customers in New Mexico paid an average of 15.07¢ per kilowatthour, up 3.7% on the same month a year earlier (14.53¢). The US average for the month was 17.65¢; New Mexico was 15% below that. It ranked 30th highest among the 50 states and the District of Columbia.
Residential sales were 508,600 MWh, down 6.2% on a year earlier, and the average residential bill for the month was $82.62 on 548 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 | Feb 2026 | Feb 2025 | Change | US, Feb 2026 |
|---|---|---|---|---|
| Residential | 15.07¢ | 14.53¢ | +3.7% | 17.65¢ |
| Commercial | 10.46¢ | 10.55¢ | -0.9% | 14.37¢ |
| Industrial | 5.65¢ | 6.39¢ | -11.6% | 8.95¢ |
| All sectors | 8.97¢ | 9.56¢ | -6.2% | 14.36¢ |
Sales and customers
| Measure | Feb 2026 | Feb 2025 | Change |
|---|---|---|---|
| Residential sales | 508.6 GWh | 541.9 GWh | -6.2% |
| Sales, all sectors | 2.4 TWh | 2.3 TWh | +5.2% |
| Residential customers | 927,853 | 916,865 | +1.2% |
| Average residential bill | $82.62 | $85.86 | -3.8% |
| Average residential use, kWh | 548 | 591 | -7.3% |
| US residential price | 17.65¢ | 16.43¢ | +7.4% |
The two years to February 2026
New Mexico residentialUS residential
Questions and answers
What was the average electricity price in New Mexico in February 2026?
15.07¢ per kilowatthour for residential customers, 10.46¢ for commercial and 5.65¢ for industrial customers. EIA marks the month as preliminary.
How does that compare with a year earlier?
The residential average was 14.53¢ in February 2025, a change of +3.7%. Residential sales changed by -6.2% over the same period.
What was the average residential bill that month?
$82.62, on average use of 548 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.