⚡ US Energy Price Monitorby KadoaUpdated weekly

New Mexico

Public Service Co of NM electricity rates

What homes pay Public Service Co of NM for electricity, from EIA.

Investor-owned utility, 500,639 homes in New Mexico. EIA lists it as Public Service Co of NM.

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Headlines

Average price
16.9¢ a kWh
Up 6.5% on a year ago
Average bill
$93 a month
Up 2.7% on a year ago
Average use
549 kWh
A month. New Mexico 649 kWh
Price rank in New Mexico
1 of 4
1 is the most expensive

Over the 12 months to July 2026, Public Service Co of NM homes paid 16.9¢ a kWh, against 15.3¢ across New Mexico.

Public Service Co of NM vs New Mexico

Public Service Co of NMNew Mexico
Average price, 12 months to July 202616.9¢15.3¢
Price in July 202619.2¢16.1¢
Average monthly bill, 12 months$93$99
Bill in July 2026$153$152
Average monthly use549 kWh649 kWh
Price change, past year+6.5%+4.9%
Price change since 2019+28%+22%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including July 2026

Source: EIA-861M monthly utility survey. Revenue over kilowatt-hours sold, including fixed charges.

Average monthly bill

What an average home pays a month.

Up to and including July 2026

Source: EIA-861M monthly utility survey.