Electricity Rates in New Mexico

Electricity Rates, Plans & Statistics

The average electricity bill in New Mexico is $98.65
The average electricity rate in New Mexico is 14.56¢

Electric Bills and Electric Rates in New Mexico

The average residential electric bill in New Mexico is $98.65 per month. New Mexico is the 2nd most expensive state in the country for electricity.

To save on your monthly electricity bill consider switching electricity providers.

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Electricity Companies & Statistics in New Mexico

Population
2,113,344
Total Production
38,580,664 MWh / 18.26 MWh per capita
Total Consumption
31,100,825 MWh / 14.72 MWh per capita
Total Production from Renewable
20,216,258 MWh / 9.57 MWh per capita
CO₂ Emissions from Consumption
9,814,457,814 kg / 4,644.04 kg per capita
Total Production from Non-Renewable
18,252,804 MWh / 8.64 MWh per capita

Average Residential Electricity Bills & Rates in New Mexico

New Mexico residential electric rates are highest in September and the highest average bill is in July.

Historical Electricity Rates:

23^rd14.56¢Average residential price per kWh in the state of New Mexico

2^nd$98.65Average residential monthly electricity bill for New Mexico Residents

New Mexico Production, Consumption, and Emissions by Fuel Types

MonthlyWe report production data as it is published. Due to reporting methods and timing, data from 2023 and 2022 may be incomplete. Data is released in full each fall for the previous calendar year. For clarification on any data points, please contact our team.

AnnualAnnual data for 2022 will be finalized in the fall of 2023. Until that time, some data may be incomplete. Data for 2023 is a summation of all information released to date, which may only represent a portion of the actual production that has occurred. For clarification on any data points, please contact our team.

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 14.56 cents per kilowatt hour compared to the US average rate of 16.73 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 553,712 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 $98.65 per month. The US average monthly bill is $147.16. The state is the 17th highest generator of electricity per capita, with an average of 18.26 megawatt hours produced per person per year. The state has seen a 62.20% increase in the amount of electricity produced from the use of solar power during the past 12 months.

Residential Electricity Providers in New Mexico

Provider	Service Type	Residential Rate (¢)	Residential Rate State Rank	Residential Average Bill ($)	Residential Average Bill State Rank	Residential Sales (MWh)	Residential Sales State Rank	Residential Revenues ($)	Residential Revenues State Rank	State Production (MWh)	State Production Rank
Public Service Company of New Mexico	BUNDLED	15.71	11	89.91	6	3,393,579	1	532,989,000	1	3,372,029.78	2
Southwestern Public Service Company	BUNDLED	12.07	4	121.35	16	1,215,900.1	2	146,711,159	2	4,482,842	1
El Paso Electric Company	BUNDLED	9.90	2	73.49	1	852,123	3	84,370,000	3	1,066,818.93	3
Farmington Electric	BUNDLED	12.72	6	82.8	2	285,068.92	4	36,272,289	4	410,143	4
Jemez Mountains Electric Cooperative	BUNDLED	16.67	14	117.04	15	207,827.54	5	34,644,886.46	5		7
Kit Carson Electric Cooperative	BUNDLED	17.26	18	105.27	11	166,132.94	6	28,671,360.11	6		7
Continental Divide Electric Cooperative	BUNDLED	17.31	19	128.12	19	160,074.35	7	27,709,222.95	7		7
Central New Mexico Electric Coop	BUNDLED	18.29	22	141.58	23	139,649.04	8	25,537,371.6	9		7
Otero County Electrictric Cooperative	BUNDLED	21.09	28	147.36	26	121,841.65	9	25,690,733.76	8		7
Farmers Electric Clovis, New Mexico	BUNDLED	13.79	7	138.34	22	108,187.27	10	14,914,353.37	10		7
Lea County Electric	BUNDLED	11.22	3	152.75	27	103,228.5	11	11,583,986.48	13		7
Central Valley Elec Coop	BUNDLED	9.05	1	109	12	88,009	12	7,968,918	16		7
Socorro Electric Cooperative	BUNDLED	17.14	16	113.1	14	72,956.96	13	12,502,119	12		7
Mora San Miguel Electric	BUNDLED	18.18	20	110.58	13	71,062.29	14	12,920,815.12	11		7
Los Alamos Utilities	BUNDLED	14.68	9	95.68	8	61,795.23	15	9,073,399	15	48,226	5
Navajo Tribal Utility Authority	BUNDLED	16.29	12	84.84	4	61,313	16	9,990,000	14		7
City of Gallup Utilities	BUNDLED	14.30	8	87.14	5	54,608.69	17	7,811,219.59	17		7
Roosevelt County Electric Cooperative	BUNDLED	12.28	5	130.02	21	49,747	18	6,108,000	18		7
City of Truth or Consequences Utility	BUNDLED	15.50	10	143.49	25	36,439.87	19	5,648,192.1	19		7
Columbus Electric	BUNDLED	17.16	17	124.35	18	28,992.22	20	4,974,883	21		7

Commercial Electricity Providers in New Mexico

Provider	Service Type	Commercial Rate (¢)	Commercial Rate Rank	Commercial Average Bill ($)	Commercial Average Bill State Rank	Commercial Sales (MWh)	Commercial Sales State Rank	Commercial Revenues ($)	Commercial Revenues State Rank	State Production (MWh)	State Production Rank
Public Service Company of New Mexico	BUNDLED	12.29	6	667.41	23	3,879,069	1	476,585,000	1	3,372,029.78	2
Southwestern Public Service Company	BUNDLED	7.98	2	676.66	25	2,740,245.71	2	218,676,882	2	4,482,842	1
El Paso Electric Company	BUNDLED	8.49	3	508.81	17	913,253	3	77,505,000	3	1,066,818.93	3
Farmington Electric	BUNDLED	10.91	4	365.45	10	374,552.19	4	40,875,674	4	410,143	4
Lea County Electric	BUNDLED	7.75	1	588.66	20	364,766.53	5	28,274,040.97	5		7
City of Gallup Utilities	BUNDLED	13.27	8	852.46	29	152,914.37	6	20,284,290.94	7		7
Jemez Mountains Electric Cooperative	BUNDLED	15.01	15	540.9	19	152,523.47	7	22,891,388.72	6		7
Continental Divide Electric Cooperative	BUNDLED	13.71	10	477.56	15	122,952.32	8	16,861,374.16	9		7
Kit Carson Electric Cooperative	BUNDLED	14.74	14	314.89	8	116,907.38	9	17,227,639.06	8		7
Farmers Electric Clovis, New Mexico	BUNDLED	12.90	7	610.76	22	104,491.74	10	13,481,387.31	11		7
Otero County Electrictric Cooperative	BUNDLED	17.29	27	322.55	9	88,904.16	11	15,369,378.38	10		7
Socorro Electric Cooperative	BUNDLED	14.65	13	376.64	11	78,066.04	12	11,438,143.92	13		7
Navajo Tribal Utility Authority	BUNDLED	17.10	26	949.35	30	62,820	13	10,741,000	14		7
Los Alamos Utilities	BUNDLED	14.21	11	797.13	28	57,143.45	14	8,122,774	15	48,226	5
Central New Mexico Electric Coop	BUNDLED	23.23	30	605.15	21	50,296.52	15	11,685,381.6	12		7
Central Valley Elec Coop	BUNDLED	13.51	9	102.07	1	42,310.24	16	5,714,607	16		7
Columbus Electric	BUNDLED	16.94	24	492.69	16	30,687.1	17	5,198,851.39	17		7
Aztec Electrical	BUNDLED	14.64	12	669.12	24	25,825.35	18	3,780,511.89	18		7
Sierra Electric Cooperative	BUNDLED	15.95	16	465.3	14	22,915.01	19	3,655,884.04	19		7
Springer Electric Cooperative	BUNDLED	16.27	21	462.82	13	20,797.53	20	3,383,228.13	20	2,204	6

Power Plants in New Mexico

Plant	City/County	Primary Fuel Type	Production (MWh)	Emission (KG)	Emissions/MWh (KG/MWh)	Closing Date
Four CornersSalt River Project (10.00%)Public Service Company of New Mexico (13.00%)Arizona Public Service (63.00%)El Paso Electric Company (3.46%)Tucson Electric Power (7.00%)4C Acquisition, LLC (3.54%)	San Juan County	Coal	7,421,998	6,933,572,548.62	934.19	12/2031
Hobbs Generating StationLea Power Partners LLC (100.00%)	Lea County	Natural Gas	2,739,690	1,087,676,727.76	397.01
Luna Energy FacilitySamchully Power & Utilities 1 LLC (33.40%)Tucson Electric Power (33.30%)Public Service Company of New Mexico (33.30%)	Deming	Natural Gas	2,457,722	975,743,155.8	397.01
Sagamore WindSouthwestern Public Service Company (100.00%)	Roosevelt County	Wind	2,157,389
CunninghamSouthwestern Public Service Company (100.00%)	Lea County	Natural Gas	1,705,345	976,294,555.32	572.49
Red Cloud Wind LLCPattern Operators LP (100.00%)	Torrance County	Wind	1,168,490
Clines Corners Wind Farm LLCPattern Operators LP (100.00%)	Torrance County	Wind	1,089,478
El Cabo WindAvangrid (100.00%)	Encino	Wind	1,087,811
Roosevelt CountyBoralex US Operations LLC (100.00%)	Roosevelt County	Wind	1,047,909
La Joya NMAvangrid (100.00%)	Torrance County	Wind	928,434
Tecolote Wind LLCPattern Operators LP (100.00%)	Torrance County	Wind	877,634
Rio GrandeEl Paso Electric Company (100.00%)	Sunland Park	Natural Gas	858,645	491,895,807.48	572.87
Grady Wind Energy Center, LLCGrady Wind Energy Center, LLC (100.00%)	Curry County	Wind	840,328
Broadview Energy JN, LLCBroadview Energy JN, LLC (100.00%)	Curry County	Wind	699,636
Arroyo Solar Energy Storage HybridArroyo Solar LLC (100.00%)	McKinley County	Solar	691,630
Aragonne Wind LLCOntario Municipal Employees Retirement System (100.00%)	Guadalupe County	Wind	690,184
Oso Grande Wind FarmTucson Electric Power (100.00%)	Lea County	Wind	679,687
MaddoxSouthwestern Public Service Company (100.00%)	Lea County	Natural Gas	564,780	318,445,267.42	563.84	12/2028
Broadview Energy KW, LLCBroadview Energy KW, LLC (100.00%)	Curry County	Wind	557,220
New Mexico Wind Energy CenterNextEra Energy (100.00%)	Quay County	Wind	510,186

Quick Facts

New Mexico has accomplished a 11.86% rise in the use of renewable fuel sources for electricity generation throughout the past year.

New Mexico is the 37th largest state in the US.

New Mexico produces 0.51% of their electricity from hydroelectric power, approximately 198,434.39 megawatt hours a year.

New Mexico ranks 29th in the country in megawatt hours produced from coal usage.

Electricity use per capita in New Mexico totals 14.72 megawatt hours per year.

New Mexico is the 37th largest electricity consuming state with consumption totaling over 31,100,000 megawatt hours.

New Mexico Counties Comparison

County	Population	Providers	Plants	Residential Rate (¢)	Residential Rate State Rank	Residential Rate National Rank	Residential Avg. Electric Bill	Residential Bill State Rank	Residential Bill National Rank
Bernalillo County	672,508	6	5	16.46	14	2,259	$106.72/mo	5	110
Doña Ana County	223,337	3	4	10.45	1	64	$78.45/mo	1	6
Santa Fe County	155,664	7		17.17	19	2,397	$119.96/mo	16	322
Sandoval County	153,501	6	2	16.65	15	2,297	$115.20/mo	10	227
San Juan County	120,418	4	3	15.41	9	1,884	$92.29/mo	2	41
Valencia County	78,080	7	1	17.03	16	2,365	$112.16/mo	8	182
Lea County	72,452	4	5	11.54	3	203	$140.06/mo	26	851
McKinley County	69,830	4	2	17.05	17	2,371	$118.27/mo	15	285
Otero County	68,823	8	1	20.19	30	2,726	$152.01/mo	29	1,298
Chaves County	65,014	7	4	12.30	4	416	$122.24/mo	18	366
Eddy County	61,096	5		11.20	2	143	$118.15/mo	14	282
Curry County	48,716	3	3	13.53	6	968	$136.10/mo	23	694
Rio Arriba County	40,347	4	2	18.26	24	2,521	$116.35/mo	12	247
Taos County	34,322	1	1	17.31	22	2,437	$105.70/mo	4	107
Grant County	28,178	6	2	16.21	10	2,205	$110.60/mo	7	172
San Miguel County	27,357	5		16.44	13	2,254	$121.76/mo	17	352
Cibola County	27,284	2	1	17.30	21	2,434	$122.82/mo	19	380
Luna County	25,282	7	2	16.40	12	2,242	$115.14/mo	9	226
Lincoln County	20,084	6		19.64	28	2,657	$144.09/mo	28	986
Roosevelt County	19,223	2	2	12.90	5	632	$133.56/mo	21	626
Los Alamos County	19,169	1	1	14.92	8	1,625	$96.92/mo	3	51
Socorro County	16,605	2		17.27	20	2,414	$115.46/mo	11	231
Torrance County	15,150	1	7	18.35	25	2,530	$142.15/mo	27	932
Colfax County	12,406	4		26.28	32	2,990	$175.44/mo	32	2,522
Sierra County	11,512	4		18.37	26	2,532	$133.81/mo	22	633
Quay County	8,675	4	2	19.72	29	2,673	$156.54/mo	30	1,499
Guadalupe County	4,465	5	1	16.26	11	2,216	$139.22/mo	24	801
Mora County	4,232	2		19.24	27	2,609	$117.41/mo	13	268
Hidalgo County	4,214	6	1	17.06	18	2,373	$123.83/mo	20	421
Union County	4,122	1		26.86	33	2,994	$180.02/mo	33	2,648
Catron County	3,581	4	1	17.55	23	2,461	$108.08/mo	6	146
De Baca County	1,873	2	1	14.77	7	1,557	$139.57/mo	25	822
Harding County	533	4		22.45	31	2,918	$165.54/mo	31	1,971

New Mexico Production Fuel Makeup

WIND

38.33%

NATURAL GAS

28.17%

COAL

19.13%

SOLAR

13.43%

CONVENTIONAL HYDROELECTRIC

0.51%

OTHER

0.13%

There are 53 power producing plants in New Mexico, which is the 20th highest number of plants in a state in the country and equates to the 8th highest amount of plants per person. Over 38.33% of electricity in New Mexico comes from generation using Wind. Taken together with Natural Gas (28.17%) and Coal (19.13%), these three fuel sources account for 85.64% of the state's electricity generation. On average, New Mexico citizens emit 4,644.04 kilograms of CO2 emissions from electricity consumption, which is the 22nd highest per resident emissions average for a state in the nation. At 4,644.04 kilograms per person and 2,113,344 people in the state, the state emits 9,814,457,814.06 kilograms of CO2 emissions. This is the 39th worst rank in the country for total emissions.

New Mexico has 23 out of 30 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.

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 10.30% of electricity produced. The countrywide average is 2.43%, resulting in New Mexico having a rank of 51st best in the United States for energy loss efficiency.

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.

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 Electricity in New Mexico

Where does New Mexico get its electricity?

New Mexico's electricity is produced using mainly Wind, which makes up 38.33% of the fuel used in the state. In addition, Natural Gas makes up 28.17% and Coal makes up 19.13%.

What is the cheapest electricity company in New Mexico?

Residential Rate Rank	Provider	Residential Rate (¢)	State Customers
1	Central Valley Elec Coop	9.11	15,153
2	El Paso Electric Company	9.95	108,725
3	Lea County Electric	11.26	10,344
4	Southwestern Public Service Company	12.15	127,960
5	Roosevelt County Electric Cooperative	12.38	6,252
6	Farmington Electric	12.75	45,614
7	Farmers Electric Clovis, New Mexico	13.83	12,378
8	City of Gallup Utilities	14.35	9,464
9	Los Alamos Utilities	14.92	8,806
10	City of Truth or Consequences Utility	15.55	3,608

What power companies are in New Mexico?

State Customers Rank	Provider	State Customers
1	Public Service Company of New Mexico	554,037
2	Southwestern Public Service Company	127,960
3	El Paso Electric Company	108,725
4	Farmington Electric	45,614
5	Jemez Mountains Electric Cooperative	28,233
6	Kit Carson Electric Cooperative	27,294
7	Continental Divide Electric Cooperative	20,992
8	Otero County Electrictric Cooperative	18,518
9	Central New Mexico Electric Coop	16,939
10	Central Valley Elec Coop	15,153

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 $99 so far in 2025, and the countrywide average is $147.

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 30 electricity companies offering service in the area.

How much does electricity cost in New Mexico?

Anything below the New Mexico average of 14.56 cents per kilowatt hour is a good electricity rate. The rates in the state range from 9.05 cents to 26.78 cents per kilowatt hour, with Central Valley Elec Coop currently having the lowest rates.

How many power plants are located in New Mexico?

There are 53 electricity plants located in New Mexico.

Last Reviewed By: Matt Hope

Published: 2025-07-28