Electricity rates in New Mexico
Updated 2026-10-21 with EIA data through July 2026
Homes in New Mexico paid an average of 15.32¢ per kWh over the last 12 months, up from 12.03¢ in 2016. Businesses paid 10.97¢ and industry 5.46¢. Electricity is regulated, so your utility is set by your address.
What things cost to run in New Mexico
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New Mexico electricity price trend
Annual average residential price, 2010–2025. Since 2016, prices have risen +25%.
Power outages in New Mexico right now
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Electric utilities in New Mexico
31 utilities serve homes in New Mexico. Rates are average residential revenue per kWh, so they include fixed charges. Click a utility for rate plans, outage history and its service map.
Click or tap a county to see the electric companies that serve it.
| Utility | Type | Homes served | Rate | Avg bill | Outage min/yr |
|---|---|---|---|---|---|
| Public Service Co of NM | Investor-owned | 497K | 16.91¢ | $94 | 125 |
| Southwestern Public Service Co. | Investor-owned | 101K | 12.43¢ | $121 | 235 |
| El Paso Electric Co. | Investor-owned | 97K | 9.89¢ | $71 | 116 |
| City of Farmington | Municipal | 36K | 13.14¢ | $86 | 75 |
| Jemez Mountains Electric Co-op | Electric cooperative | 28K | 16.02¢ | $91 | 562 |
| Kit Carson Electric Co-op | Electric cooperative | 26K | 15.93¢ | $79 | 305 |
| Continental Divide El Co-op | Electric cooperative | 20K | 17.14¢ | $102 | 235 |
| Central New Mexico El Co-op | Electric cooperative | 19K | 17.67¢ | $102 | 616 |
| Otero County Electric Co-op | Electric cooperative | 17K | 19.88¢ | $111 | — |
| Socorro Electric Co-op | Electric cooperative | 13K | 15.01¢ | $169 | — |
| Mora-San Miguel Electric Co-op | Electric cooperative | 12K | 17.15¢ | $103 | 323 |
| City of Gallup | Municipal | 11K | 15.28¢ | $216 | — |
| Farmers Electric Co-op | Electric cooperative | 10K | 13.90¢ | $114 | 198 |
| Navajo Tribal Utility Authority | State-owned | 9,768 | 17.01¢ | $89 | 191 |
| Los Alamos County | Municipal | 8,395 | 15.55¢ | $98 | 20 |
| Lea County Electric Co-op | Electric cooperative | 7,292 | 11.21¢ | $121 | 243 |
| Central Valley Electric Co-op | Electric cooperative | 6,167 | 9.73¢ | $112 | 326 |
| Columbus Electric Co-op | Electric cooperative | 5,052 | 16.29¢ | $266 | — |
| Sierra Electric Co-op | Electric cooperative | 4,469 | 18.18¢ | $162 | 167 |
| Raton Public Service Company | Municipal | 4,275 | 16.01¢ | $120 | — |
| City of Truth or Consequences | Municipal | 4,066 | 16.79¢ | $174 | — |
| Roosevelt County Electric Co-op | Electric cooperative | 3,898 | 14.39¢ | $147 | — |
| Northern Rio Arriba E Co-op | Electric cooperative | 3,266 | 20.15¢ | $136 | 43 |
| City of Aztec | Municipal | 3,169 | 14.40¢ | $158 | — |
| Springer Electric Co-op | Electric cooperative | 2,423 | 22.31¢ | $110 | — |
| Navopache Electric Co-op | Electric cooperative | 1,500 | 15.34¢ | $69 | — |
| Southwestern Electric Co-op | Electric cooperative | 1,435 | 25.72¢ | $137 | — |
| Town of Springer | Municipal | 718 | 16.13¢ | $96 | — |
| Duncan Valley Electric Co-op | Electric cooperative | 340 | 13.37¢ | $143 | — |
| Rio Grande Electric Co-op | Electric cooperative | 232 | 18.96¢ | $113 | 195 |
| Tri-County Electric Co-op, Inc (OK) | Electric cooperative | 7 | 31.94¢ | $27 | — |
New Mexico vs. neighboring states
Energy costs at a glance
| Natural gas (homes) | $1.15/therm |
| Gasoline (regular) | $3.78/gal |
| Driving cost: EV vs. gas | 4.7¢ vs. 14¢/mi |
| Solar output (1 kW, Albuquerque) | 1,779 kWh/yr |
| Avg. outage time (2025) | 2 hr 53 min/yr |
| Commercial rate | 10.97¢ |
| Industrial rate | 5.46¢ |
What appliances cost to run in New Mexico
| Appliance | Per month | Per year | vs. U.S. |
|---|---|---|---|
| Space heater | $25.26 | $126 | −$22 |
| Central air conditioner | $88.13 | $441 | −$77 |
| Refrigerator | $6.38 | $77 | −$13 |
| Electric car | $56.94 | $683 | −$119 |
| Electric clothes dryer | $10.50 | $126 | −$22 |
| Electric water heater | $57.45 | $689 | −$120 |
| Hot tub | $38.30 | $460 | −$80 |
| TV | $1.91 | $23 | −$4 |
| Pool pump (single-speed) | $63.42 | $317 | −$55 |
| Heat pump | $157 | $783 | −$137 |
Electricity rates by city in New Mexico
- Albuquerque
- Las Cruces
- Rio Rancho
- Enchanted Hills
- Santa Fe
- Roswell
- Farmington
- South Valley
- Clovis
- Hobbs
- Alamogordo
- Carlsbad
- Gallup
- Sunland Park
- Los Lunas
- Chaparral
- Deming
- Las Vegas
- Artesia
- Los Alamos
- Portales
- Lovington
- North Valley
- Española
- Silver City
- Anthony
- Grants
- Bernalillo
- Socorro
- Corrales
- Shiprock
- Kirtland
- Ruidoso
- Bloomfield
- Belen
- Zuni Pueblo
- Raton
- Aztec
- Eldorado at Santa Fe
- Truth or Consequences
- Los Ranchos de Albuquerque
- Lee Acres
- Taos
- White Rock
- Los Chavez
- Tucumcari
- Placitas
- Rio Communities
- El Cerro Mission
- Santa Teresa
- Paradise Hills
- University Park
- Bosque Farms
- Edgewood
- Peralta
- Milan
- Vado
- Sandia Heights
- Chimayo
- Eunice
- Holloman Air Force Base
- El Cerro
- Tularosa
- Agua Fria
- West Hammond
- Clayton
- Dulce
- Santa Rosa
- Ruidoso Downs
- Lordsburg
- Ranchos de Taos
- Jarales
- Santo Domingo Pueblo
- Crownpoint
- Bayard
- Cannon Air Force Base
- Jal
- Valencia
- Flora Vista
- San Ysidro
- Navajo
- Pojoaque
- Mesilla
- Tome
- Thoreau
- Nambe
- Moriarty
- Jemez Pueblo
- Arroyo Seco
- La Mesilla
Frequently asked questions
What is the average electricity rate in New Mexico?
The average residential rate in New Mexico was 15.32¢ per kWh over the 12 months ending July 2026. That is 15% below the U.S. average of 17.99¢. In July 2026 alone it was 16.09¢, +1.8% from a year earlier.
What is the average electric bill in New Mexico?
About $98 a month. The average New Mexico home uses 638 kWh a month (EIA 2025), and we priced that at the current average rate. Bills vary with your utility, home size, heating type and season.
Is electricity expensive in New Mexico?
New Mexico ranks 21st cheapest of 51 (50 states plus DC) for residential electricity. That is near the middle of the pack.
Can I choose my electricity provider in New Mexico?
No. New Mexico homes buy electricity from the utility that serves their address: an investor-owned utility, electric cooperative or municipal utility.
Which electric company is cheapest in New Mexico?
Among utilities with at least 1,000 residential customers, Central Valley Electric Co-op has the lowest average rate at 9.73¢/kWh. The highest is Southwestern Electric Co-op at 25.72¢. Most homes can't switch utilities, since your address determines which one serves you.
How reliable is the power grid in New Mexico?
In 2025, the average New Mexico customer was without power for 2 hr 53 min (SAIDI, including major storms) across about 1.3 outages. Excluding major event days it was 2 hr 23 min. Figures are customer-weighted across utilities that report to EIA.
Sources: EIA-861M monthly sales and revenue (through July 2026), EIA-861 2025 utility data, EIA fuel prices, NREL PVWatts. Methodology.