States › New Mexico › Public Service Co of NM
investor-owned utility · EIA utility 15473
Public Service Co of NM
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. Annual figures: Form EIA-861 for 2024, final release. Monthly state figures run to July 2026.
In its Form EIA-861 filing for 2024, Public Service Co of NM, an investor-owned utility, reported 492,945 residential customers in New Mexico, with a service territory that touches 19 counties.
Its average residential price that year was 15.57¢ per kilowatthour, 9.6% above the New Mexico average of 14.20¢ and 5.5% below the US average of 16.48¢. The figure is residential revenue divided by residential sales, so it folds in fixed charges, riders and every rate schedule the utility bills under.
That works out to an average residential bill of $89.42 a month on average use of 574 kWh a month. Across New Mexico the average bill was $92.88 on 654 kWh, so a bill gap reflects how much power households use as well as what each kilowatthour costs.
For reliability it reported a SAIDI of 278.7 minutes per customer with major event days included and 124.5 minutes with them excluded, calculated under IEEE 1366 standard. The median among New Mexico utilities reporting was 190.0 minutes with major event days; this utility's figure is 47% above that median.
The average price is up 17.4% on 2019, against up 13.5% for New Mexico as a whole, and up 2.4% on 2023. EIA's early release for 2025, which has not been fully edited, shows 16.35¢.
Compared with New Mexico, the US and other investor-owned utilities
| Measure, 2024 | This utility | Investor-owned utilities, US median | New Mexico | United States |
|---|---|---|---|---|
| Average residential price per kWh | 15.57¢ | 16.17¢ | 14.20¢ | 16.48¢ |
| Average monthly residential bill | $89.42 | $131.47 | $92.88 | $142.26 |
| Average monthly use, kWh | 574 | 787 | 654 | 863 |
| Residential price change, 1 year | +2.4% | — | +2.5% | +3.0% |
| Residential price change, 5 years | +17.4% | — | +13.5% | +26.7% |
| SAIDI, all events (minutes) | 278.7 | 278.7 | 190.0 median | 184.5 median |
| SAIDI, without major event days | 124.5 | 106.5 | 162.8 median | 99.8 median |
State and US prices, bills and use are EIA's own averages over every customer. The ownership column and the reliability columns are medians across utilities with at least 1,000 residential customers, computed on this site from the final 2024 file. Among the 3 filings by investor-owned utilities in New Mexico, the median price was 11.98¢. In New Mexico this utility's price ranks 9 of 19, counting from the highest.
Average price by year
Public Service Co of NMNew Mexico averageUS average
Year by year
| Year | ¢ per kWh | New Mexico ¢ | Monthly bill | kWh a month | Residential customers | All sales |
|---|---|---|---|---|---|---|
| 2025 early release | 16.35¢ | 15.08¢ | $90.82 | 555 | 496,914 | 10 TWh |
| 2024 | 15.57¢ | 14.20¢ | $89.42 | 574 | 492,945 | 9.9 TWh |
| 2023 | 15.21¢ | 13.85¢ | $87.96 | 578 | 488,458 | 9.7 TWh |
| 2022 | 14.39¢ | 13.84¢ | $83.44 | 580 | 484,071 | 9.5 TWh |
| 2021 | 14.51¢ | 13.52¢ | $84.01 | 579 | 480,817 | 9.2 TWh |
| 2020 | 14.04¢ | 12.94¢ | $84.44 | 601 | 476,522 | 8.9 TWh |
| 2019 | 13.26¢ | 12.51¢ | $75.55 | 570 | 471,935 | 9 TWh |
| 2018 | 13.32¢ | 12.68¢ | $77.06 | 578 | 468,258 | 8.9 TWh |
| 2017 | 13.36¢ | 12.88¢ | $75.21 | 563 | 464,386 | 8.7 TWh |
| 2016 | 12.36¢ | 12.03¢ | $71.21 | 576 | 461,248 | 9 TWh |
| 2015 | 13.42¢ | 12.47¢ | $77.80 | 580 | 457,737 | 9 TWh |
| 2014 | 12.98¢ | 12.28¢ | $75.45 | 581 | 454,396 | 9 TWh |
| 2013 | 12.46¢ | 11.68¢ | $75.92 | 610 | 451,780 | 9.3 TWh |
Bundled residential service only in the price, bill and use columns. Bill = residential revenue ÷ customers ÷ 12; use = residential sales ÷ customers ÷ 12. EIA describes its early release as not fully edited; it is shown for this utility alone and enters no average, median or rank on this site.
Month by month
Public Service Co of NMNew Mexico average
Sales by sector, 2024
| Sector | Customers | Sales | Share of sales | Revenue | ¢ per kWh, bundled |
|---|---|---|---|---|---|
| Residential | 492,945 | 3.4 TWh | 34% | $528,978,300 | 15.57¢ |
| Commercial | 59,510 | 3.9 TWh | 39% | $473,827,000 | 12.24¢ |
| Industrial | 183 | 2.6 TWh | 26% | $146,685,600 | 5.63¢ |
Customers, sales and revenue count every service type the utility reported (bundled, energy-only and delivery-only). The price column uses bundled service alone, because part-bill revenue would understate it. Sources of energy: 15.4 TWh in total, of which 33.9% was its own net generation and 10.2 TWh was bought wholesale; summer peak demand 2,147 MW.
Reliability
Minutes of sustained interruption per customer in 2024, as the utility reported them under IEEE 1366 standard. SAIFI: 1.28 interruptions per customer with major event days, 1.01 without; CAIDI 217.6 minutes per interruption. EIA's New Mexico total across all reporting utilities was 278.8 minutes with major event days and 156.5 without. Major event days are storms and similar events that a utility's chosen method sets apart; methods differ, so treat comparisons as approximate. What SAIDI and SAIFI mean.
| Year | SAIDI, all events | SAIDI, no major events | SAIFI, all events | SAIFI, no major events | Method |
|---|---|---|---|---|---|
| 2025 early release | 125.1 | 116.5 | 0.94 | 0.87 | IEEE 1366 |
| 2024 | 278.7 | 124.5 | 1.28 | 1.01 | IEEE 1366 |
| 2023 | 106.0 | 92.2 | 0.85 | 0.72 | IEEE 1366 |
| 2022 | 159.2 | 101.3 | 0.86 | 0.78 | IEEE 1366 |
| 2021 | 97.5 | 86.2 | 0.82 | 0.74 | IEEE 1366 |
| 2020 | 128.0 | 89.2 | 0.78 | 0.71 | IEEE 1366 |
| 2019 | 113.3 | 103.4 | 0.92 | 0.89 | IEEE 1366 |
| 2018 | 107.3 | 107.3 | 0.98 | 0.98 | IEEE 1366 |
| 2017 | 98.1 | 87.4 | 1.16 | 0.88 | IEEE 1366 |
| 2016 | 109.4 | 84.2 | 1.26 | 0.92 | IEEE 1366 |
| 2015 | 74.6 | 74.6 | 0.78 | 0.78 | IEEE 1366 |
| 2014 | 65.4 | 65.4 | 0.74 | 0.74 | IEEE 1366 |
| 2013 | 147.0 | 84.0 | 0.86 | 0.76 | IEEE 1366 |
Generation at plants it operates, 2025
- Natural gas 100% 2.7 TWh
Net generation of 2.7 TWh at power plants this utility operates, from Form EIA-923. It is not the mix delivered to customers: utilities also buy power wholesale (10.2 TWh in 2024), sell generation to others and may co-own plants that another company operates.
Counties in its service territory
- Bernalillo County
- Catron County
- Cibola County
- Curry County
- Doña Ana County
- Grant County
- Hidalgo County
- Lincoln County
- Luna County
- McKinley County
- Otero County
- San Juan County
- San Miguel County
- Sandoval County
- Santa Fe County
- Socorro County
- Torrance County
- Union County
- Valencia County
Counties the utility listed on Form EIA-861 for 2024. Listing a county does not mean the utility serves all of it.
Other utilities in New Mexico
| Utility | Ownership | Residential customers | ¢ per kWh | Monthly bill | SAIDI, all events | SAIDI, no major events |
|---|---|---|---|---|---|---|
| City of Farmington | Municipal | 35,990 | 12.69¢ | $82.68 | 103.4 | — |
| Jemez Mountains Elec Coop, Inc | Cooperative | 28,093 | 15.36¢ | $89.25 | 1,876.7 | 1,044.8 |
| Kit Carson Electric Coop, Inc | Cooperative | 26,097 | 18.18¢ | $89.51 | 185.1 | 132.5 |
| Continental Divide El Coop Inc | Cooperative | 20,415 | 16.02¢ | $97.93 | 299.5 | 209.0 |
| Central New Mexico El Coop, Inc | Cooperative | 19,126 | 17.16¢ | $100.42 | 624.7 | 305.4 |
| Otero County Electric Coop Inc | Cooperative | 16,448 | 17.65¢ | $101.33 | — | — |
| Farmers Electric Coop, Inc | Cooperative | 10,258 | 12.87¢ | $107.23 | 190.0 | 190.0 |
| Lea County Electric Coop, Inc | Cooperative | 9,206 | 10.01¢ | $116.78 | 189.8 | 189.8 |
All New Mexico utilities · Investor-owned utilities nationwide
Questions and answers
How much does electricity cost from Public Service Co of NM?
Residential customers paid an average of 15.57¢ per kilowatthour in 2024. EIA derives this by dividing residential revenue by residential sales; it is an average across all rate schedules and charges, not a tariff rate.
How does that compare with New Mexico?
The New Mexico average residential price in 2024 was 14.20¢ and the US average 16.48¢; Public Service Co of NM was 9.6% above the state figure. Among 19 utility filings with a bundled residential price in New Mexico, it had the 9th highest.
What is the average Public Service Co of NM bill?
$89.42 a month in 2024, on average residential use of 574 kWh a month (annual revenue and sales divided by customers and by twelve). The New Mexico average was $92.88 on 654 kWh.
How reliable is Public Service Co of NM service?
It reported 278.7 minutes of interruption per customer (SAIDI) including major event days and 124.5 minutes excluding them, with 1.28 interruptions per customer (SAIFI) in 2024. Utilities calculate these under differing methods, so comparisons are approximate.
Is the Public Service Co of NM price rising?
The average residential price was up 2.4% in 2024 compared with 2023 and up 17.4% compared with 2019. EIA's early, not fully edited release for 2025 shows 16.35¢.
Which counties does Public Service Co of NM serve?
Its Form EIA-861 service territory lists 19 counties, including Bernalillo County, NM, Catron County, NM, Cibola County, NM, Curry County, NM, Doña Ana County, NM and Grant County, NM. A county can appear in several utilities' territories.
Provenance
Source: U.S. Energy Information Administration. Annual figures are from Form EIA-861 (sales to ultimate customers, reliability, operational data and service territory files), final release for 2024, respondent "Public Service Co of NM", utility number 15473; the 2025 row is from EIA's early release. Monthly utility figures are from the Form EIA-861M sample. State and US averages are from the Form EIA-861M sales and revenue workbook, published through July 2026. Generation by fuel is from Form EIA-923, 2025 final. All are US government works in the public domain. Page built 30 Sep 2026. Errors in processing are corrected at the next build; see corrections. For tariffs and rate schedules, consult the utility or the state utility commission.