⚡ US Energy Price Monitorby KadoaUpdated weekly

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Electricity prices in New Mexico

What homes in New Mexico pay for electricity, from EIA.

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Headlines

Average price
15.3¢ a kWh
Up 4.9% on a year ago
Average bill
$99 a month
Up 3.0% on a year ago
Average use
649 kWh
A month. US 870 kWh
Price rank
31 of 51
1 is the most expensive

Over the 12 months to July 2026, New Mexico homes paid 15.3¢ a kWh, against a US average of 18.0¢.

New Mexico vs the US

New MexicoUS
Average price, 12 months to July 202615.3¢18.0¢
Price in July 202616.1¢18.3¢
Average monthly bill, 12 months$99$156
Bill in July 2026$152$212
Average monthly use649 kWh870 kWh
Price change, past year+4.9%+6.6%
Price change since 2019+22%+38%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including July 2026

Source: EIA Electric Power Monthly. Revenue over kilowatt-hours sold, including fixed charges.

Average monthly bill

What an average home pays a month. Bills peak in summer and winter.

Up to and including July 2026

Source: EIA Electric Power Monthly. EIA's own method for its average bill table.

Natural gas price

Average residential price a thousand cubic feet, by month. Summer prices are high because fixed charges are spread over little gas.

Up to and including June 2026

Source: EIA Natural Gas Monthly.

Utilities in New Mexico

Past 12 months, utilities with 10,000 homes or more. These utilities serve 79% of homes in New Mexico; smaller utilities serve the rest.

Public Service Co of NMInvestor-owned16.9¢+6.5%$93500,639
Xcel Energy (Southwestern Public Service)Investor-owned12.4¢+0.7%$119101,957
El Paso ElectricInvestor-owned9.9¢-6.0%$7398,819
City of FarmingtonMunicipal13.1¢+2.4%$8436,543