Electricity Rates in New Mexico
Electricity Rates, Plans & Statistics
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Electricity Companies & Statistics in New Mexico
- Population see rank2,113,344
- Total Production see rank38,538,647 MWh / 18.24 MWh per capita
- Total Consumption see rank28,696,296 MWh / 13.58 MWh per capita
- Total Production from Renewable see rank17,602,339 MWh / 8.33 MWh per capita
- CO2 Emissions from Consumption see rank9,981,062,574 kg / 4,722.88 kg per capita
- Total Production from Non-Renewable see rank20,954,445 MWh / 9.92 MWh per capita
Average Residential Electricity Bills & Rates in New Mexico
New Mexico residential electric rates are highest in January and the highest average bill is in October.
Historical Electricity Rates:
New Mexico Electricity Fuel Mix
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 14.16 cents per kilowatt hour compared to the US average rate of 16.01 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. With 547,665 residential customers, Public Service Company of New Mexico is the largest supplier in the state. Consumers in the state have an average monthly residential electricity bill of $95.31 per month. The US average monthly bill is $137.21. The state is the 15th highest generator of electricity per capita, with an average of 18.24 megawatt hours produced per person per year. The state had an increase of 3.22% in the production of electricity via wind and wind generation now makes up 38.66% of the total generation in the state.
Residential Electricity Providers in New Mexico
Provider | Service Type | Residential Rate (¢) | Residential Average Bill ($) | Residential Sales (MWh) | Residential Revenues ($) | State Production (MWh) |
---|---|---|---|---|---|---|
Public Service Company of New Mexico | BUNDLED | 15.23 | 88.52 | 3,403,991 | 518,456,000 | 6,702,260.68 |
Southwestern Public Service Company | BUNDLED | 11.81 | 119.55 | 1,213,115.11 | 143,258,904 | 4,137,968 |
El Paso Electric Company | BUNDLED | 9.53 | 71.12 | 841,018 | 80,184,000 | 1,195,802.39 |
Farmington Electric | BUNDLED | 12.39 | 80.17 | 281,435.79 | 34,874,635 | 685,696.03 |
Jemez Mountains Electric Cooperative | BUNDLED | 13.50 | 77.08 | 191,936 | 25,903,300 | |
Kit Carson Electric Cooperative | BUNDLED | 15.88 | 82.77 | 160,486 | 25,477,800 | |
Continental Divide Electric Cooperative | BUNDLED | 14.47 | 86.52 | 147,715 | 21,371,000 | |
Central New Mexico Electric Coop | BUNDLED | 16.55 | 102.41 | 125,471 | 20,762,000 | |
Otero County Electrictric Cooperative | BUNDLED | 18.10 | 107.4 | 116,579 | 21,100,800 | |
Farmers Electric Clovis, New Mexico | BUNDLED | 13.53 | 116.51 | 104,617 | 14,151,800 |
Commercial Electricity Providers in New Mexico
Provider | Service Type | Commercial Rate (¢) | Commercial Average Bill ($) | Commercial Sales (MWh) | Commercial Revenues ($) | State Production (MWh) |
---|---|---|---|---|---|---|
Public Service Company of New Mexico | BUNDLED | 12.33 | 671.02 | 3,877,742 | 478,132,000 | 6,702,260.68 |
Southwestern Public Service Company | BUNDLED | 8.46 | 674.24 | 2,569,220.75 | 217,299,395 | 4,137,968 |
El Paso Electric Company | BUNDLED | 7.97 | 477.27 | 890,320 | 71,002,000 | 1,195,802.39 |
Farmington Electric | BUNDLED | 10.77 | 354.44 | 368,024.25 | 39,625,936 | 685,696.03 |
Lea County Electric | BUNDLED | 7.96 | 537.27 | 326,193 | 25,950,000 | |
Jemez Mountains Electric Cooperative | BUNDLED | 12.88 | 440.45 | 145,685 | 18,763,300 | |
City of Gallup Utilities | BUNDLED | 12.99 | 756.4 | 134,942.94 | 17,527,386.76 | |
Kit Carson Electric Cooperative | BUNDLED | 13.80 | 299.17 | 120,326 | 16,600,300 | |
Continental Divide Electric Cooperative | BUNDLED | 12.09 | 374.07 | 111,008 | 13,417,000 | |
Farmers Electric Clovis, New Mexico | BUNDLED | 13.31 | 617.5 | 102,631 | 13,656,600 |
Power Plants in New Mexico
Plant | City/County | Primary Fuel Type | Production (MWh) | Emission (KG) | Emissions/MWh (KG/MWh) | Toxic Chemical Release | Closing Date |
---|---|---|---|---|---|---|---|
San Juan County | Coal | 7,434,911.01 | 7,200,635,787.92 | 968.49 | 12/2031 | ||
Hobbs Generating StationLea Power Partners LLC (100.00%) | Lea County | Natural Gas | 3,927,111 | 1,537,002,178.88 | 391.38 | ||
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 | 3,576,285 | 1,408,709,943.62 | 393.9 | ||
San Juan County | Coal | 3,096,428.01 | 3,371,744,622.03 | 1,088.91 | 9/2022 | ||
Sagamore WindSouthwestern Public Service Company (100.00%) | Roosevelt County | Wind | 2,139,460 | ||||
Afton Generating StationPublic Service Company of New Mexico (100.00%) | Doña Ana County | Natural Gas | 1,434,480 | 578,133,801 | 403.03 | ||
Lea County | Natural Gas | 1,294,624 | 769,278,895.98 | 594.21 | |||
Red Cloud Wind LLCPattern Operators LP (100.00%) | Torrance County | Wind | 1,163,277 | ||||
El Cabo WindAvangrid (100.00%) | Encino | Wind | 1,132,521 | ||||
La Joya NMAvangrid (100.00%) | Torrance County | Wind | 1,076,276 |
Quick Facts
The use of non-renewable fuel types in electricity production in New Mexico has declined by 13.73% over the past year.
With a 0.12% drop over the last 12 months, New Mexico's population is currently estimated to be 2,113,344.
Emitting 9,981,062,574.44 kilograms of CO2 emissions from electricity use, New Mexico comes in as the 39th highest polluting state in the US based on electricity emissions.
Throughout the previous 12 months, the state of New Mexico has seen a 26.09% decline in CO2 pollution on account of electricity use.
With 7,371,813.33 megawatt hours of electricity generated from coal, New Mexico is 28th in the US for total megawatt hours generated from coal.
New Mexico's ability to provide 118,643.15 megawatts of electricity from the use of hydroelectric energy sources, has given rise to its ranking of 42nd highest hydroelectric energy generator in the country.
County | Population | Providers | Plants | Residential Rate (¢) | Residential Avg. Electric Bill |
---|---|---|---|---|---|
Bernalillo County | 672,508 | 6 | 13 | 15.08 | $88.83/mo |
Catron County | 3,581 | 3 | 1 | 16.12 | $78.34/mo |
Chaves County | 65,014 | 7 | 8 | 12.96 | $114.45/mo |
Cibola County | 27,284 | 2 | 5 | 14.54 | $86.19/mo |
Colfax County | 12,406 | 5 | 3 | 20.76 | $114.54/mo |
Curry County | 48,716 | 3 | 7 | 12.65 | $117.36/mo |
De Baca County | 1,873 | 2 | 1 | 14.16 | $113.56/mo |
Doña Ana County | 223,337 | 4 | 7 | 10.50 | $75.04/mo |
Eddy County | 61,096 | 5 | 1 | 11.83 | $115.35/mo |
Grant County | 28,178 | 7 | 3 | 15.67 | $101.48/mo |
Guadalupe County | 4,465 | 3 | 1 | 15.19 | $107.83/mo |
Harding County | 533 | 3 | 20.66 | $126.87/mo | |
Hidalgo County | 4,214 | 6 | 3 | 16.67 | $119.65/mo |
Lea County | 72,452 | 4 | 12 | 11.67 | $121.92/mo |
Lincoln County | 20,084 | 7 | 1 | 17.36 | $104.72/mo |
Los Alamos County | 19,169 | 2 | 1 | 12.93 | $78.09/mo |
Luna County | 25,282 | 8 | 6 | 16.19 | $112.35/mo |
McKinley County | 69,830 | 4 | 2 | 15.96 | $89.60/mo |
Mora County | 4,232 | 2 | 16.32 | $80.20/mo | |
Otero County | 68,823 | 8 | 5 | 16.99 | $105.34/mo |
Quay County | 8,675 | 4 | 5 | 16.54 | $124.60/mo |
Rio Arriba County | 40,347 | 5 | 7 | 15.59 | $81.17/mo |
Roosevelt County | 19,223 | 4 | 3 | 12.32 | $121.32/mo |
San Juan County | 120,418 | 4 | 4 | 16.27 | $89.72/mo |
San Miguel County | 27,357 | 4 | 4 | 15.50 | $94.34/mo |
Sandoval County | 153,501 | 7 | 6 | 14.19 | $80.66/mo |
Santa Fe County | 155,664 | 7 | 1 | 15.46 | $91.99/mo |
Sierra County | 11,512 | 3 | 3 | 16.95 | $98.27/mo |
Socorro County | 16,605 | 3 | 15.88 | $86.97/mo | |
Taos County | 34,322 | 1 | 5 | 15.88 | $82.77/mo |
Torrance County | 15,150 | 2 | 9 | 16.44 | $100.64/mo |
Union County | 4,122 | 2 | 23.36 | $132.45/mo | |
Valencia County | 78,080 | 7 | 9 | 15.33 | $85.63/mo |
There are 136 power producing plants in New Mexico, which is the 28th highest number of plants in a state in the country and equates to the 12th highest amount of plants per person. Over 38.66% of electricity in New Mexico comes from generation using Wind. Taken together with Natural Gas (35.23%) and Coal (19.13%), these three fuel sources account for 93.02% of the state's electricity generation. On average, New Mexico citizens emit 4,722.88 kilograms of CO2 emissions from electricity consumption, which is the 21st highest per resident emissions average for a state in the nation. At 4,722.88 kilograms per person and 2,113,344 people in the state, the state emits 9,981,062,574.44 kilograms of CO2 emissions. This is the 39th worst rank in the country for total emissions.
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 Electricity in New Mexico
Where does New Mexico get its electricity?
New Mexico's electricity is produced using mainly Wind, which makes up 38.66% of the fuel used in the state. In addition, Natural Gas makes up 35.23% and Coal makes up 19.13%.
What is the cheapest electricity company in New Mexico?
Residential Rate Rank | Provider | Residential Rate (¢) | State Customers |
---|---|---|---|
1 | El Paso Electric Company | 9.53 | 106,360 |
2 | Central Valley Elec Coop | 9.62 | 14,934 |
3 | Lea County Electric | 11.66 | 11,203 |
4 | Southwestern Public Service Company | 11.81 | 126,883 |
5 | Los Alamos Utilities | 12.15 | 8,724 |
6 | Roosevelt County Electric Cooperative | 12.36 | 6,121 |
7 | Farmington Electric | 12.39 | 45,576 |
8 | Aztec Electrical | 13.47 | 3,136 |
9 | Jemez Mountains Electric Cooperative | 13.50 | 31,565 |
10 | Farmers Electric Clovis, New Mexico | 13.53 | 13,496 |
What power companies are in New Mexico?
State Customers Rank | Provider | State Customers |
---|---|---|
1 | Public Service Company of New Mexico | 547,665 |
2 | Southwestern Public Service Company | 126,883 |
3 | El Paso Electric Company | 106,360 |
4 | Farmington Electric | 45,576 |
5 | Jemez Mountains Electric Cooperative | 31,565 |
6 | Kit Carson Electric Cooperative | 30,284 |
7 | Continental Divide Electric Cooperative | 23,579 |
8 | Otero County Electrictric Cooperative | 20,269 |
9 | Central New Mexico Electric Coop | 18,758 |
10 | Central Valley Elec Coop | 14,934 |
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 $95 so far in 2024, and the countrywide average is $137.
Which electricity company is the largest provider in New Mexico?
By total megawatt hours sold, Southwestern Public Service Company 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 14.16 cents per kilowatt hour is a good electricity rate. The rates in the state range from 9.53 cents to 24.22 cents per kilowatt hour, with El Paso Electric Company currently having the lowest rates.
How many power plants are located in New Mexico?
There are 136 electricity plants located in New Mexico.