Electricity In New Mexico

  • Population2,096,829
  • Total Consumption25,611,587 MWh / 12.21 MWh per capita
  • CO2 Emissions from Consumption12,679,579,622 kg
  • Total Production33,937,644 MWh / 16.19 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 Electric Rates:

Price Per kWHAverage Bill$0.146/kWh$0.119/kWh$128.47/mo.$57.55/mo.
37th13.50¢Average residential price per kWh in the state of New Mexico
3rd$90.41Average residential monthly electricity bill for New Mexico Residents

Energy Profile of New Mexico

New Mexico's Electricity Prices and Usage

Citizens of New Mexico enjoy a lower residential electricity rate than many people around the US, with an average state electric rate of 13.50 cents per kilowatt hour compared to the US average rate of 13.62 cents. New Mexico ranks as the 37th lowest priced state in the US using average electric rate. When shopping for electricity, many residents are faced with only one or two options when choosing their electricity provider due to the regulated electricity market that exists in the state. With a population of 2,096,829 citizens, the state is the 37th most populous state in the country. Electricity generation plants in the state produce 32.51% more electricity than the state uses, meaning the excess electricity can be stored for later use or exported. The state emits 6,047.03 kilograms per person of CO2 gases, which ranks it the 15th worst polluting state per capita. There has been a 7.70% increase in the amount of electricity generated from solar fields within the last year, which is an increase of 128,519.17 megawatt hours each year.

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 MexicoBUNDLED14.4984.923,378,318489,514,0006,197,108.24
Southwestern Public Service CompanyBUNDLED10.52103.891,164,644122,561,0142,895,129
El Paso Electric CompanyBUNDLED11.5281.34774,33289,171,0001,049,778.08
Farmington ElectricBUNDLED11.0672.69282,96131,292,655723,050.25
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 7,300,066.017,092,043,989.76971.5Yes12/2031
San Juan County Coal 4,641,4115,045,287,140.261,087.02Yes6/2022
Hobbs Generating StationLea Power Partners LLC (100.00%)
Lea County Natural Gas 3,334,4411,336,760,265.26400.89
Luna Energy FacilityTucson Electric Power (33.30%)Samchully Power & Utilities 1 LLC (33.40%)Public Service Company of New Mexico (33.30%)
Deming Natural Gas 3,159,3061,200,331,385.12379.94
Dora Wind 1,619,921
El Cabo WindAvangrid (100.00%)
Encino Wind 1,195,727
Roosevelt CountyEDF Renewables (100.00%)
Roosevelt County Wind 1,031,308
Lea County Natural Gas 919,122559,081,387.62608.2812/2040
Grady Wind Energy Center, LLCGrady Wind Energy Center, LLC (100.00%)
Curry County Wind 892,402
Sunland Park Natural Gas 800,295498,053,473.54622.34

Quick Facts

New Mexico citizens enjoy an average monthly residential electric bill of $90.41, which is 25.84% lower than the national average bill of $121.91.

New Mexico produces approximately 5.63 megawatt hours of electricity with natural gas per resident living in the state. This is the 13th highest amount by a state in the country.

New Mexico consumers deal with outages averaging 204.51 minutes per occurrence, with around 1.99 outages each year.

The state of New Mexico is the 27th highest generator of electricity sourced from coal power.

New Mexico has seen a decrease of 11.39% in coal use for the production of electricity during the past 12 months.

New Mexico is the 39th largest producer of electricity in the US, producing 33,937,644.41 megawatt hours.

CountyPopulationProvidersPlantsResidential Rate (¢)Residential Avg. Electric Bill
Bernalillo County679,12161314.92$88.50/mo
Catron County3,527714.56$73.59/mo
Chaves County64,6157711.25$98.36/mo
Cibola County26,6752413.84$80.24/mo
Colfax County11,9415320.17$101.98/mo
Curry County48,9544610.85$99.22/mo
De Baca County1,7483113.18$98.85/mo
Doña Ana County218,1953812.14$83.25/mo
Eddy County58,4606111.53$96.97/mo
Grant County26,9987315.15$96.56/mo
Guadalupe County4,3003113.66$98.50/mo
Harding County625418.53$111.69/mo
Hidalgo County4,1986317.10$122.42/mo
Lea County71,0704129.58$94.19/mo
Lincoln County19,5727118.44$108.34/mo
Los Alamos County19,3692113.00$76.61/mo
Luna County23,7098617.06$117.69/mo
McKinley County71,3672313.78$77.65/mo
Mora County4,521316.72$78.03/mo
Otero County67,4908416.42$101.98/mo
Quay County8,2534516.00$113.31/mo
Rio Arriba County38,9214415.07$78.73/mo
Roosevelt County18,5004310.58$101.75/mo
San Juan County123,9583413.80$76.35/mo
San Miguel County27,2774413.80$91.25/mo
Sandoval County146,7488413.93$78.37/mo
Santa Fe County150,3587115.70$89.27/mo
Sierra County10,7911317.90$100.91/mo
Socorro County16,637416.04$87.92/mo
Taos County32,7232518.41$88.19/mo
Torrance County15,4612517.15$104.18/mo
Union County4,059322.42$104.48/mo
Valencia County76,6887914.64$83.21/mo

Power Plant Fuel Types, Emissions & Pollution Factors

The state of New Mexico’s top fuel type utilized for electricity production is Coal. They produce 34.81% of the total production in the state from this fuel. Natural Gas (30.75%) is also used in electricity production, as well as Wind (28.28%). The state emits 6,047.03 kilograms of CO2 emissions from electricity use per capita, which makes it the 15th worst polluting state in the nation. Total emissions from electricity use in the state is 12,679,579,621.92 kilograms, which is the 36th worst total amount of pollution for any state. New Mexico has 122 power plants, which is the 30th most in the country and 13th most when counting facilities per person in the state.

COAL
Coal
Coal
Coal
Coal
34.81%
NATURAL GAS
Natural Gas
Natural Gas
Natural Gas
Natural Gas
30.75%
WIND
Wind
Wind
Wind
28.28%
SOLAR
Solar
5.30%
CONVENTIONAL HYDROELECTRIC
Conventional Hydroelectric
0.54%
OTHER
Other
0.32%

New Mexico Net Metering

About 73.33% of the electricity suppliers in New Mexico offer net metering to their customers. New Mexico has pretty good regulations in place for consumers who are interested in taking advantage of net metering with solar installations.

Energy Loss

The state has 14 electricity companies who are reporting energy loss during transmission activities. The average energy loss for these 14 providers is 6.66%. For comparison, the nationwide average electricity loss is 2.76%. New Mexico has a rank of 3rd best in the country for grid efficiency based on energy loss.

Solar Taxes And Rebates

State governments can encourage private residents to install private solar panels by giving rebates and tax breaks to people who choose to make those installs. New Mexico currently does not offer a state tax credit for solar panel installation at a private residence. There are currently no state sponsored rebates available to residents who are considering installing solar. New Mexico citizens have the ability to apply a 100% property tax exemption for the installation of private solar panels, which is better than almost all other states. There is currently a 100% sales tax exemption in place for the install of solar panels at a place of residence.

State Level Initiatives

Policies drawn up at the state level affect whether customers in a state can afford to install personal solar systems or find electricity plans that are based on renewable fuel types. Renewable Portfolio Standards (RPS) encourage or require electricity companies to produce a percentage of their electricity using green energy. The state of New Mexico makes it necessary for electricity suppliers to produce at least 25% of their electricity output from renewable fuel types. Also, the state does not have any sort of low income solar programs that assist with the installation of solar panels at low income households.

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

How many electric companies offer service in New Mexico?

New Mexico is home to 30 electricity providers offering service in the area.

What electricity company is the largest provider in New Mexico?

The largest electricity provider in New Mexico by megawatt hours sold is Public Service Company of New Mexico.

Does New Mexico have a deregulated electricity market?

No, New Mexico has a regulated electricity market where consumers often have only a single provider choice for their electricity needs.

What is a good electricity rate in New Mexico?

The average electricity cost paid by customers in New Mexico in 2022 is 13.50 cents per kilowatt hour.

Where does New Mexico get its electricity?

The primary fuel types used for electricity generation in New Mexico are Coal (34.81%), Natural Gas (30.75%) and Wind (28.28%).

What is the average electric bill in New Mexico?

The average electric bill in the state of New Mexico in 2022 is $90 while the countrywide average is $122.

How many power plants are located within New Mexico?

There are 122 power plants in New Mexico

What is the cheapest electricity company in New Mexico?

Last Reviewed By: Ginalyn Gelera
Published: 2021-03-16Last Updated: 2022-01-16