States › New Mexico › March 2026
New Mexico electricity prices, March 2026
Average price, sales and bills for the month against the same month a year earlier and the US. Preliminary
In March 2026, residential customers in New Mexico paid an average of 14.81¢ per kilowatthour, little changed on the same month a year earlier (14.78¢). The US average for the month was 18.56¢; New Mexico was 20% below that. It ranked 37th highest among the 50 states and the District of Columbia.
Residential sales were 470,518 MWh, down 5.2% on a year earlier, and the average residential bill for the month was $74.99 on 506 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 | Mar 2026 | Mar 2025 | Change | US, Mar 2026 |
|---|---|---|---|---|
| Residential | 14.81¢ | 14.78¢ | +0.2% | 18.56¢ |
| Commercial | 9.76¢ | 11.13¢ | -12.3% | 13.92¢ |
| Industrial | 5.84¢ | 6.70¢ | -12.8% | 8.58¢ |
| All sectors | 8.61¢ | 9.72¢ | -11.4% | 14.08¢ |
Sales and customers
| Measure | Mar 2026 | Mar 2025 | Change |
|---|---|---|---|
| Residential sales | 470.5 GWh | 496.3 GWh | -5.2% |
| Sales, all sectors | 2.6 TWh | 2.4 TWh | +5.4% |
| Residential customers | 929,131 | 918,355 | +1.2% |
| Average residential bill | $74.99 | $79.85 | -6.1% |
| Average residential use, kWh | 506 | 540 | -6.3% |
| US residential price | 18.56¢ | 17.09¢ | +8.6% |
The two years to March 2026
New Mexico residentialUS residential
Questions and answers
What was the average electricity price in New Mexico in March 2026?
14.81¢ per kilowatthour for residential customers, 9.76¢ for commercial and 5.84¢ for industrial customers. EIA marks the month as preliminary.
How does that compare with a year earlier?
The residential average was 14.78¢ in March 2025, a change of +0.2%. Residential sales changed by -5.2% over the same period.
What was the average residential bill that month?
$74.99, on average use of 506 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.