⚡ US Energy Price Monitorby KadoaUpdated weeklyStar on GitHub

New Mexico

Xcel Energy (Southwestern Public Service) electricity rates

What homes pay Xcel Energy (Southwestern Public Service) for electricity, from EIA.

Investor-owned utility, 101,957 homes in New Mexico. EIA lists it as Southwestern Public Service Co.

Headlines

Average price
12.4¢ a kWh
Up 0.7% on a year ago
Average bill
$119 a month
Down 2.6% on a year ago
Average use
957 kWh
A month. New Mexico 649 kWh
Price rank in New Mexico
3 of 4
1 is the most expensive

Over the 12 months to July 2026, Xcel Energy (Southwestern Public Service) homes paid 12.4¢ a kWh, against 15.3¢ across New Mexico.

Xcel Energy (Southwestern Public Service) vs New Mexico

Xcel Energy (Southwestern Public Service)New Mexico
Average price, 12 months to July 202612.4¢15.3¢
Price in July 202611.1¢16.1¢
Average monthly bill, 12 months$119$99
Bill in July 2026$154$152
Average monthly use957 kWh649 kWh
Price change, past year+0.7%+4.9%
Price change since 2019+29%+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.