Electricity in New Mexico

Electricity Rates, Plans & Statistics

Electricity Coverage & Statistics in New Mexico

  • Population
    see rank
    2,117,522
  • Total Production
    see rank
    35,271,295 MWh / 16.66 MWh per capita
  • Total Consumption
    see rank
    26,161,490 MWh / 12.35 MWh per capita
  • Total Production from Renewable
    see rank
    12,676,823 MWh / 5.99 MWh per capita
  • CO2 Emissions from Consumption
    see rank
    12,815,093,713 kg / 6,051.93 kg per capita
  • Total Production from Non-Renewable
    see rank
    22,594,818 MWh / 10.67 MWh per capita
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Residential Electricity Bills & Rates in New Mexico

New Mexico residential electric rates are highest in January and the highest average bill is in August.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.146/kWh$0.119/kWh$128.47/mo.$57.55/mo.
36th13.76¢Average residential price per kWh in the state of New Mexico
2nd$90.61Average residential monthly electricity bill for New Mexico Residents

Energy Profile of New Mexico

New Mexico's Electricity Prices and Usage

Citizens in New Mexico enjoy a lower residential electricity rate than many people around the country, with an average state electric rate of 13.76 cents per kilowatt hour compared to the US average rate of 13.99 cents. The state has over 30 electric providers, but citizens are usually left with only a couple supplier options due to the fact that New Mexico has a regulated electricity market. Selling 9,206,333 megawatt hours, Public Service Company of New Mexico is the largest vendor in the state. Overall, residents in the state use 26,161,490 megawatt hours for statewide electricity needs, which is the 38th highest amount for total electricity consumption by a state. New Mexico is the 27th highest ranked state in the US for electricity use per capita, with a yearly average of 12.35 megawatt hours used per person in the state. Electricity providers operating in the state increased their generation of electricity from wind by approximately 47.40%.

Residential Electricity Providers in New Mexico

ProviderService TypeResidential Rate (¢)Residential Average Bill ($)Residential Sales (MWh)Residential Revenues ($)State Production (MWh)
Public Service Company of New MexicoBUNDLED14.6083.523,306,593482,624,0006,196,688.46
Southwestern Public Service CompanyBUNDLED11.24107.611,134,570127,517,6483,252,266
El Paso Electric CompanyBUNDLED11.6280.67765,06388,920,000996,887.13
Farmington ElectricBUNDLED11.0871.41277,72830,771,493656,690.97
Jemez Mountains Electric CooperativeBUNDLED13.7777.11185,52825,551,400
Continental Divide Electric CooperativeBUNDLED13.7480.02149,70920,571,000
Kit Carson Electric CooperativeBUNDLED18.6188.66143,46126,694,000
Central New Mexico Electric CoopBUNDLED17.32106.3120,65420,901,000
Otero County Electrictric CooperativeBUNDLED18.99110.04112,86721,436,300
Farmers Electric Clovis, New MexicoBUNDLED11.2394.1799,84111,208,800

Power Plants in New Mexico

PlantCity/CountyPrimary Fuel TypeProduction (MWh)Emission (KG)Emissions/MWh (KG/MWh)Toxic Chemical ReleaseClosing Date
San Juan County Coal 7,904,3577,634,897,462.11965.91Yes12/2031
San Juan County Coal 4,754,266.015,159,919,948.541,085.32Yes6/2022
Hobbs Generating StationLea Power Partners LLC (100.00%)
Lea County Natural Gas 3,374,8991,347,681,392.82399.32
Luna Energy FacilityTucson Electric Power (33.30%)Public Service Company of New Mexico (33.30%)Samchully Power & Utilities 1 LLC (33.40%)
Deming Natural Gas 3,053,2951,176,044,814.98385.17
Roosevelt County Wind 2,037,569
El Cabo WindAvangrid (100.00%)
Encino Wind 1,207,714
Roosevelt CountyEDF Renewables (100.00%)
Roosevelt County Wind 1,059,185
Grady Wind Energy Center, LLCGrady Wind Energy Center, LLC (100.00%)
Curry County Wind 912,903
Lea County Natural Gas 869,264529,363,277.52608.9812/2040
Torrance County Wind 756,533

Quick Facts

New Mexico has seen a decrease of 1.97% in coal use for the production of electricity over the last 12 months, compared to the previous 12 months before.

New Mexico continues to make strides with the reduction of non-renewable fuel usage. The state has seen a 8.97% curtailment in the burning of these fuel types for electricity generation over the course of the previous 12 months.

Wind turbines produce 5.03 megawatt hours per year per person for New Mexico residents, which is 7th highest in the nation.

New Mexico emitted 12,815,093,712.79 kilograms of CO2 emissions due to electricity production, which is the 36th worst in the country.

New Mexico has had a 0.99% rise in the state's population over the last 12 months.

New Mexico consumes around 74.17% of the electricity that is generated by their power plants.

CountyPopulationProvidersPlantsResidential Rate (¢)Residential Avg. Electric Bill
Bernalillo County676,4446314.58$84.06/mo
Catron County3,5797114.55$73.77/mo
Chaves County65,1577312.90$108.31/mo
Cibola County27,172213.88$80.35/mo
Colfax County12,387522.58$116.94/mo
Curry County48,4303311.23$100.89/mo
De Baca County1,6982112.50$96.71/mo
Doña Ana County219,5614412.23$82.95/mo
Eddy County62,314511.65$109.16/mo
Grant County28,1857215.01$96.61/mo
Guadalupe County4,452314.57$99.73/mo
Harding County657321.36$122.67/mo
Hidalgo County4,1786117.10$122.26/mo
Lea County74,4554510.37$100.10/mo
Lincoln County20,269718.14$107.54/mo
Los Alamos County19,4196113.32$78.13/mo
Luna County25,4278216.55$112.70/mo
McKinley County72,902414.17$79.65/mo
Mora County4,189216.98$78.32/mo
Otero County67,839816.56$101.85/mo
Quay County8,7464216.29$114.76/mo
Rio Arriba County40,363515.44$79.25/mo
Roosevelt County19,1914211.15$108.12/mo
San Juan County121,6614313.82$77.65/mo
San Miguel County27,201815.09$85.57/mo
Sandoval County148,8347114.03$78.95/mo
Santa Fe County154,823715.27$88.80/mo
Sierra County11,576317.11$98.36/mo
Socorro County16,595316.07$88.49/mo
Taos County34,489118.61$88.66/mo
Torrance County15,0456717.14$104.09/mo
Union County4,079225.16$134.69/mo
Valencia County76,205714.99$84.54/mo

Power Plant Fuel Types, Emissions & Pollution Factors

There are 40 power producing plants in New Mexico, which is the 24th highest number of plants in a state in the country and equates to the 8th highest amount of plants per person. Over 35.54% of electricity in New Mexico comes from generation using Coal. Taken together with Wind (30.19%) and Natural Gas (28.45%), these three fuel sources account for 94.18% of the state's electricity generation. On average, New Mexico citizens emit 6,051.93 kilograms of CO2 emissions from electricity consumption, which is the 15th highest per resident emissions average for a state in the nation. At 6,051.93 kilograms per person and 2,117,522 people in the state, the state emits 12,815,093,712.79 kilograms of CO2 emissions. This is the 36th worst rank in the country for total emissions.

COAL
Coal
Coal
Coal
Coal
35.54%
WIND
Wind
Wind
Wind
Wind
30.19%
NATURAL GAS
Natural Gas
Natural Gas
Natural Gas
28.45%
SOLAR
Solar
5.00%
CONVENTIONAL HYDROELECTRIC
Conventional Hydroelectric
0.53%
OTHER
Other
0.29%

New Mexico Net Metering

New Mexico has 22 out of 29 companies reporting that they offer net metering to residents with personal solar panels. New Mexico has decent regulations in place for consumers who are interested in taking advantage of net metering with personal solar panels.

Energy Loss

There are 14 providers in New Mexico that reported energy loss, including Public Service Company of New Mexico, Farmington Electric, and Jemez Mountains Electric Cooperative. Combined, these 14 electricity providers average a yearly energy loss of 6.66% of electricity produced. The countrywide average is 2.76%, resulting in New Mexico having a rank of 49th best in the United States for energy loss efficiency.

Solar Taxes And Rebates

When it comes to stimulating solar panel installs at private residences, tax and rebate incentives from the government are some of the easiest methods. New Mexico currently does not offer a state tax credit for solar panel installation at a private residence. There are currently no statewide rebates available to consumers who are purchasing solar panels. Fortunately, New Mexico offers a 100% tax exemption to homeowners. at their place of residence. The state offers a 100% sales tax exemption to homeowners who install solar panels. This is a win for those who live in the state.

State Level Initiatives

Statewide legislation plays a big part in determining whether customers who are seeking renewable energy sources can easily find alternatives. States that have Renewable Portfolio Standards (RPS) have requirements in place for electricity providers who operate in the state. These standards require that a percentage of electricity must be produced using renewable energy. The state of New Mexico requires electricity companies to generate at least 25% of their electricity from renewable fuels. Additionally, there are currently no low income solar programs to assist low income families to install solar panels.

Learn about going solar in New Mexico, find out which system size is best for you, compare local installers and see which incentives are available in your area.

FAQ: Common Questions About Energy in New Mexico

Where does New Mexico get its electricity?

New Mexico's electricity is produced using mainly Coal, which makes up 35.54% of the fuel used in the state. In addition, Wind makes up 30.19% and Natural Gas makes up 28.45%.

What is the cheapest electricity company in New Mexico?

Residential Rate RankProviderResidential Rate (¢)State Customers
1Lea County Electric8.6511,156
2Central Valley Elec Coop10.2715,143
3Roosevelt County Electric Cooperative11.016,116
4Farmington Electric11.0845,076
5Farmers Electric Clovis, New Mexico11.2313,285
6Southwestern Public Service Company11.24125,467
7Duncan Valley Electric Cooperative11.52341
8El Paso Electric Company11.62104,158
9City of Gallup Utilities12.2410,592
10Los Alamos Utilities12.548,782

Does New Mexico have a deregulated electricity market?

No, the state has a regulated market, where citizens' electricity supplier options are often determined by their location or state legislation.

What is the average electric bill in New Mexico?

The New Mexico average electricity bill is $91 so far in 2022, and the countrywide average is $124.

Which electricity company is the largest provider in New Mexico?

By total megawatt hours sold, Public Service Company of New Mexico is the largest electricity supplier in New Mexico.

How many electric companies offer service in New Mexico?

New Mexico is home to 29 electricity companies offering service in the area.

How much does electricity cost in New Mexico?

Anything below the New Mexico average of 13.76 cents per kilowatt hour is a good electricity rate. The rates in the state range from 8.65 cents to 26.24 cents per kilowatt hour, with Lea County Electric currently having the lowest rates.

How many power plants are located in New Mexico?

There are 40 electricity plants located in New Mexico.

Last Reviewed By: Ginalyn Gelera
Published: 2021-03-16Last Updated: 2022-06-21