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Farmers Electric Co-op electricity rates

Electric cooperative · New Mexico · SPP region · SPP

Residential rate
13.90¢
per kWh incl. all charges
Avg. monthly bill
$114
819 kWh/month
vs. New Mexico
-9%
state avg 15.32¢
Homes served
10K
6th cheapest of 27 in NM
Outage time
3 hr 18 min
per customer, 2025

Farmers Electric Co-op is a member-owned electric cooperative, so its customers own it and elect its board, serving 10,310 homes in New Mexico. Its residential customers pay an average of 13.90¢/kWh including fixed and delivery charges, 23% less than the U.S. average.

Rate basis: EIA-861 2025 annual data, adjusted to the 12 months ending 2026-07 using the state's price trend.

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Farmers Electric Co-op bill estimates

Monthly useAt average all-in rateBase tariff charges*
500 kWh$69.50$51.87
1,000 kWh$139.00$91.73
1,500 kWh$208.50$131.60
2,000 kWh$278.00$171.46

*Residential & Farm Service (effective 2010-05-01, $12.00/month customer charge), energy and fixed charges from the OpenEI Utility Rate Database. Riders, fuel adjustments and taxes are often billed separately, so real bills usually land closer to the all-in column. Calculate your bill.

Farmers Electric Co-op residential rate plans

PlanEffectiveCustomer chargeEnergy charges
Residential & Farm Service2010-05-01$12.00 7.97¢
Residential- All Electric Space Heatingtime-of-use2010-05-01$12.00 8.0¢ (12am–12am) — summer weekdays
Residential With Add On Heat Pumptime-of-use2010-05-01$12.00 8.0¢ (12am–12am) — summer weekdays
Residential- All Electric Space Heating with water heatingtime-of-use2010-05-01$12.00 8.0¢ (12am–12am) — summer weekdays
Residential with Electric Water Heating2010-05-01$12.00 7.97¢ first 500 kWh, 6.50¢ first 1,000 kWh, 7.97¢ after

Source: OpenEI U.S. Utility Rate Database. Rates change. Check the linked tariff or your bill for current figures.

Farmers Electric Co-op rate history

Farmers Electric Co-op annual average residential price 10¢12¢13¢14¢16¢ 2015201720202021202320242025 2015: 11¢2017: 12¢2020: 11¢2021: 12¢2023: 13¢2024: 13¢2025: 14¢
Farmers Electric Co-opNew Mexico avg

2015–2025: +26% change in the average residential rate (10.86¢ → 13.68¢). Annual EIA-861 data.

Outages & reliability

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Reliability history

2025Farmers Electric Co-opNew Mexico avgU.S. avg
Outage minutes per customer (SAIDI)198173266
Outages per customer (SAIFI)1.531.271.34
Average restoration time (CAIDI)2 hr 10 min——
Outage minutes excluding major storms198143121
Farmers Electric Co-op outage minutes per customer by year 28111193275358 201520172019202120232025 2015: 2512016: 1272017: 1732018: 802019: 3262020: 1632021: 2962022: 842023: 2132024: 1902025: 198
With major eventsExcluding major events

Outages in counties served (2025)

From ORNL EAGLE-I, which tracks customers without power every 15 minutes. These counts cover every utility in each county. Weighted across Farmers Electric Co-op's counties, customers averaged 108 min without power.

CountyOutage min/customerDays with outagesPeak customers outWorst day
Guadalupe362114532025-07-29
San Miguel274164,2162025-03-06
Quay260133,4692025-12-12
De Baca1400432025-06-21
Roosevelt47181,5832025-02-12
Curry42234,7502025-06-30

Farmers Electric Co-op service area

Farmers Electric Co-op serves 7 counties in New Mexico and 40 ZIP codes.

Counties served by Farmers Electric Co-op

Curry, De Baca, Guadalupe, Harding, Quay, Roosevelt, San Miguel

Cities: Clovis, Portales, Tucumcari, Santa Rosa, Cannon Air Force Base, Pecos, Texico

Programs, smart meters & solar

Smart meters (AMI) for homes0%
Time-based rate programsNone reported
Net-metered solar homes65
Residential efficiency incentives paid (2025)$23,300
Residential energy saved by programs129 MWh

Farmers Electric Co-op at a glance

OwnershipElectric cooperative
ServicesDistribution
Commercial rate13.39¢/kWh
Industrial rate9.68¢/kWh
Retail revenue (2025)$43,122,600
Electricity sold (2025)369,599 MWh
Peak demand62 MW summer · 67 MW winter
Line losses5.3%
Balancing authoritySWPP
EIA utility ID6198
Websitewww.fecnm.org

Other utilities in New Mexico

Compare all New Mexico electric companies →

Frequently asked questions

What is Farmers Electric Co-op's electricity rate?

Farmers Electric Co-op residential customers pay an average of 13.90¢ per kWh, all charges included (EIA-861 2025 annual data, adjusted to the 12 months ending 2026-07 using the state's price trend). That's 9% below the New Mexico average of 15.32¢ and 23% below the U.S. average.

What is the average Farmers Electric Co-op electric bill?

About $114 a month. The average Farmers Electric Co-op home uses 819 kWh a month. At 1,000 kWh the bill would be about $139.

How many customers does Farmers Electric Co-op have?

Farmers Electric Co-op serves 10,310 residential customers and 13,737 customers in total in New Mexico, across 7 counties.

How reliable is Farmers Electric Co-op?

In 2025, the average Farmers Electric Co-op customer was without power for 3 hr 18 min (SAIDI) over 1.53 interruptions (SAIFI), including major storms. Excluding major event days it was 3 hr 18 min. The New Mexico average was 2 hr 53 min and the U.S. average 4 hr 26 min.

Does Farmers Electric Co-op offer time-of-use rates?

Yes. The OpenEI rate database lists 3 time-of-use residential plans, including Residential- All Electric Space Heating. Running big appliances off-peak can cut their cost. Pick the plan in the calculator above to see by how much.

Does Farmers Electric Co-op offer net metering for solar?

Farmers Electric Co-op had 65 residential net-metered customers in 2025 with 0.5 MW of capacity. Estimate solar savings at this utility's rate.

Sources: EIA-861 2025 and EIA-861M (through July 2026), OpenEI URDB, ORNL EAGLE-I, U.S. Census. Methodology. Spot an error? Rates change often, so confirm with Farmers Electric Co-op before making decisions.