Public Service Co of NM electricity rates
Investor-owned utility · New Mexico · WECC region
Public Service Co of NM is a for-profit, investor-owned utility regulated by the state utility commission, serving 496,914 homes in New Mexico. Its residential customers pay an average of 16.91¢/kWh including fixed and delivery charges, 6% less than the U.S. average.
Rate basis: EIA-861M monthly utility data, 12 months ending 2026-07.
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Public Service Co of NM bill estimates
| Monthly use | At average all-in rate |
|---|---|
| 500 kWh | $84.55 |
| 1,000 kWh | $169.10 |
| 1,500 kWh | $253.65 |
| 2,000 kWh | $338.20 |
Public Service Co of NM residential rate plans
| Plan | Effective | Customer charge | Energy charges |
|---|---|---|---|
| 1A (Residential Whole House Electric Vehicle Rate Pilot)time-of-use | 2025-11-15 | $12.79 | 13.7¢ (5am–10pm) · 9.8¢ (12am–5am, 10pm–12am) — summer weekdays |
| 1B (Residential Service Time-Of-Use)time-of-use | 2025-11-15 | $30.99 | 27.7¢ (8am–8pm) · 12.4¢ (12am–8am, 8pm–12am) — summer weekdays |
| 1A (Residential Service)time-of-use | 2025-11-15 | $12.79 | 13.7¢ (12am–12am) — summer weekdays |
Source: OpenEI U.S. Utility Rate Database. Rates change. Check the linked tariff or your bill for current figures.
Public Service Co of NM rate history
2015–2025: +22% change in the average residential rate (13.41¢ → 16.35¢). Annual EIA-861 data.
Outages & reliability
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Checking live outages…
Reliability history
| 2025 | Public Service Co of NM | New Mexico avg | U.S. avg |
|---|---|---|---|
| Outage minutes per customer (SAIDI) | 125 | 173 | 266 |
| Outages per customer (SAIFI) | 0.94 | 1.27 | 1.34 |
| Average restoration time (CAIDI) | 2 hr 14 min | — | — |
| Outage minutes excluding major storms | 117 | 143 | 121 |
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 Public Service Co of NM's counties, customers averaged 3 hr 1 min without power.
| County | Outage min/customer | Days with outages | Peak customers out | Worst day |
|---|---|---|---|---|
| Catron | 1,115 | 11 | 2,830 | 2025-07-17 |
| Lincoln | 1,078 | 129 | 8,373 | 2025-03-14 |
| Torrance | 725 | 75 | 7,570 | 2025-12-04 |
| Union | 717 | 4 | 1,576 | 2025-09-10 |
| Grant | 696 | 66 | 2,412 | 2025-01-09 |
| Otero | 638 | 82 | 6,623 | 2025-06-13 |
| Cibola | 356 | 40 | 1,892 | 2025-06-27 |
| Santa Fe | 295 | 70 | 9,779 | 2025-05-05 |
| San Miguel | 274 | 16 | 4,216 | 2025-03-06 |
| Dona Ana | 229 | 59 | 11,677 | 2025-02-24 |
| McKinley | 185 | 36 | 5,030 | 2025-09-17 |
| Sandoval | 174 | 45 | 5,981 | 2025-04-02 |
| San Juan | 131 | 42 | 4,946 | 2025-12-10 |
| Hidalgo | 130 | 12 | 1,193 | 2025-09-12 |
| Valencia | 111 | 35 | 5,309 | 2025-01-04 |
| Bernalillo | 93 | 38 | 26,984 | 2025-03-19 |
| Curry | 42 | 23 | 4,750 | 2025-06-30 |
| Luna | 39 | 11 | 1,443 | 2025-06-03 |
| Socorro | 12 | 3 | 88 | 2025-07-28 |
Public Service Co of NM service area
Public Service Co of NM serves 19 counties in New Mexico and 130 ZIP codes.
Bernalillo, Catron, Cibola, Curry, Dona Ana, Grant, Hidalgo, Lincoln, Luna, McKinley, Otero, San Juan, San Miguel, Sandoval, Santa Fe, Socorro, Torrance, Union, Valencia
Cities: Albuquerque, Rio Rancho, Enchanted Hills, Santa Fe, South Valley, Alamogordo, Los Lunas, Deming, Las Vegas, North Valley, Silver City, Bernalillo, Socorro, Corrales, Ruidoso, Belen, Eldorado at Santa Fe, Los Ranchos de Albuquerque, Lee Acres, Los Chavez, Placitas, Rio Communities, El Cerro Mission, Paradise Hills, Bosque Farms, Edgewood, Peralta, Sandia Heights, El Cerro, Tularosa, Agua Fria, Clayton, Ruidoso Downs, Lordsburg, Jarales, Santo Domingo Pueblo, Bayard, Valencia, Flora Vista, San Ysidro
Programs, smart meters & solar
| Smart meters (AMI) for homes | 0% |
| Time-based rate programs | Time-of-use rates |
| Homes on time-based rates | 4,970 |
| Net-metered solar homes | 47,765 |
| Homes in demand response (e.g. thermostat rebates) | 59,523 |
| Residential efficiency incentives paid (2025) | $10,615,000 |
| Residential energy saved by programs | 49,736 MWh |
Public Service Co of NM at a glance
| Ownership | Investor-owned utility |
| Services | Generation, Transmission, Distribution, Wholesale Marketing |
| Commercial rate | 12.66¢/kWh |
| Industrial rate | 6.03¢/kWh |
| Retail revenue (2025) | $1,192,109,200 |
| Electricity sold (2025) | 10,045,453 MWh |
| Peak demand | 2,123 MW summer · 1,614 MW winter |
| Power from own generation | 29% (rest purchased) |
| Line losses | 9.5% |
| Balancing authority | PNM |
| EIA utility ID | 15473 |
| Website | PNM.com/regulatory |
Other utilities in New Mexico
Frequently asked questions
What is Public Service Co of NM's electricity rate?
Public Service Co of NM residential customers pay an average of 16.91¢ per kWh, all charges included (EIA-861M monthly utility data, 12 months ending 2026-07). That's 10% above the New Mexico average of 15.32¢ and 6% below the U.S. average.
What is the average Public Service Co of NM electric bill?
About $94 a month. The average Public Service Co of NM home uses 555 kWh a month. At 1,000 kWh the bill would be about $169.
How many customers does Public Service Co of NM have?
Public Service Co of NM serves 496,914 residential customers and 556,585 customers in total in New Mexico, across 19 counties.
How reliable is Public Service Co of NM?
In 2025, the average Public Service Co of NM customer was without power for 2 hr 5 min (SAIDI) over 0.94 interruptions (SAIFI), including major storms. Excluding major event days it was 117 min. The New Mexico average was 2 hr 53 min and the U.S. average 4 hr 26 min.
Does Public Service Co of NM offer time-of-use rates?
Yes. The OpenEI rate database lists 3 time-of-use residential plans, including 1A (Residential Whole House Electric Vehicle Rate Pilot). Running big appliances off-peak can cut their cost. Pick the plan in the calculator above to see by how much.
Does Public Service Co of NM offer net metering for solar?
Public Service Co of NM had 47,765 residential net-metered customers in 2025 with 297.3 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 Public Service Co of NM before making decisions.