Electricity Rates in New Mexico
Electricity Rates, Plans & Statistics
Electricity Companies & Statistics in New Mexico
- Population see rank2,117,522
- Total Production see rank39,244,966 MWh / 18.53 MWh per capita
- Total Consumption see rank26,837,521 MWh / 12.67 MWh per capita
- Total Production from Renewable see rank16,031,951 MWh / 7.57 MWh per capita
- CO2 Emissions from Consumption see rank12,432,109,814 kg / 5,871.07 kg per capita
- Total Production from Non-Renewable see rank23,213,247 MWh / 10.96 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 May.
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 13.86 cents per kilowatt hour compared to the US average rate of 14.46 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 541,895 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 $92.31 per month. The US average monthly bill is $129.86. The state is the 15th highest generator of electricity per capita, with an average of 18.53 megawatt hours produced per person per year. The state had an increase of 65.54% in the production of electricity via wind and wind generation now makes up 35.31% of the total generation in the state.
Residential Electricity Providers in New Mexico
|Provider||Service Type||Residential Rate (¢)||Residential Average Bill ($)||Residential Sales (MWh)||Residential Revenues ($)||State Production (MWh)|
|Public Service Company of New Mexico||BUNDLED||14.43||83.2||3,339,140||481,677,000||6,253,530.03|
|Southwestern Public Service Company||BUNDLED||11.95||119.01||1,183,616||141,450,423||3,203,010|
|El Paso Electric Company||BUNDLED||11.78||82.9||778,958||91,736,000||1,013,524.07|
|Jemez Mountains Electric Cooperative||BUNDLED||13.77||77.11||185,528||25,551,400|
|Continental Divide Electric Cooperative||BUNDLED||13.74||80.02||149,709||20,571,000|
|Kit Carson Electric Cooperative||BUNDLED||18.61||88.66||143,461||26,694,000|
|Central New Mexico Electric Coop||BUNDLED||17.32||106.3||120,654||20,901,000|
|Otero County Electrictric Cooperative||BUNDLED||18.99||110.04||112,867||21,436,300|
|Farmers Electric Clovis, New Mexico||BUNDLED||11.23||94.17||99,841||11,208,800|
Commercial Electricity Providers in New Mexico
|Provider||Service Type||Commercial Rate (¢)||Commercial Average Bill ($)||Commercial Sales (MWh)||Commercial Revenues ($)||State Production (MWh)|
|Public Service Company of New Mexico||BUNDLED||11.71||623.49||3,786,837||443,290,000||6,253,530.03|
|Southwestern Public Service Company||BUNDLED||9.32||671.72||2,306,880||215,032,704||3,203,010|
|El Paso Electric Company||BUNDLED||10.14||597.99||875,196||88,711,000||1,013,524.07|
|Lea County Electric||BUNDLED||7.96||504.65||299,851||23,872,000|
|City of Gallup Utilities||BUNDLED||11.53||694.84||146,300.17||16,867,879.77|
|Jemez Mountains Electric Cooperative||BUNDLED||13.33||414.35||132,014||17,601,400|
|Continental Divide Electric Cooperative||BUNDLED||11.25||360.54||120,399||13,542,000|
|Navajo Tribal Utility Authority||BUNDLED||10.55||1,032.14||108,990||11,497,000|
|Farmers Electric Clovis, New Mexico||BUNDLED||10.82||513.28||104,550||11,314,700|
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||9,372,777||8,930,345,778.21||952.8||12/2031|
|San Juan County||Coal||4,716,074.01||5,152,917,797.39||1,092.63||6/2022|
Hobbs Generating StationLea Power Partners LLC (100.00%)
|Lea County||Natural Gas||3,237,233||1,285,351,970||397.05|
Sagamore WindSouthwestern Public Service Company (100.00%)
El Cabo WindAvangrid (100.00%)
La Joya NMAvangrid (100.00%)
Roosevelt CountyEDF Renewables (100.00%)
Grady Wind Energy Center, LLCGrady Wind Energy Center, LLC (100.00%)
|Lea County||Natural Gas||803,295||489,696,841.9||609.61||12/2040|
The usage of renewable fuels for electricity production in New Mexico rose by 53.93% last year.
Residents of New Mexico use 12.67 megawatt hours per year each, which is 27th in the US in electricity consumption per person.
There was a 3.21% rise in CO2 emissions per capita over the course of the most recent 12 months in the state of New Mexico.
The state of New Mexico produces 0.49% of their electricity from hydroelectric power, roughly 192,791.28 megawatt hours per year.
New Mexico consumes around 68.38% of the electricity that is generated by their power generation plants.
New Mexico generates 6.6 megawatt hours of electricity per capita with coal per year, which is 11th highest in the country.
|County||Population||Providers||Plants||Residential Rate (¢)||Residential Avg. Electric Bill|
|De Baca County||1,698||2||1||12.50||$96.71/mo|
|Doña Ana County||219,561||4||8||12.36||$84.93/mo|
|Los Alamos County||19,419||2||1||13.02||$76.64/mo|
|Rio Arriba County||40,363||5||6||15.45||$79.28/mo|
|San Juan County||121,661||4||4||14.01||$78.14/mo|
|San Miguel County||27,201||4||4||15.10||$85.73/mo|
|Santa Fe County||154,823||7||1||15.65||$92.32/mo|
There are 122 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 35.60% of electricity in New Mexico comes from generation using Coal. Taken together with Wind (35.31%) and Natural Gas (23.48%), these three fuel sources account for 94.39% of the state's electricity generation. On average, New Mexico citizens emit 5,871.07 kilograms of CO2 emissions from electricity consumption, which is the 17th highest per resident emissions average for a state in the nation. At 5,871.07 kilograms per person and 2,117,522 people in the state, the state emits 12,432,109,813.66 kilograms of CO2 emissions. This is the 36th 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 Coal, which makes up 35.60% of the fuel used in the state. In addition, Wind makes up 35.31% and Natural Gas makes up 23.48%.
What is the cheapest electricity company in New Mexico?
|Residential Rate Rank||Provider||Residential Rate (¢)||State Customers|
|1||Lea County Electric||8.65||11,156|
|2||Central Valley Elec Coop||10.97||15,170|
|4||Farmers Electric Clovis, New Mexico||11.23||13,285|
|5||Roosevelt County Electric Cooperative||11.40||6,114|
|6||Duncan Valley Electric Cooperative||11.52||341|
|7||El Paso Electric Company||11.78||104,583|
|8||Southwestern Public Service Company||11.95||125,861|
|9||City of Gallup Utilities||12.24||10,592|
|10||Los Alamos Utilities||12.28||8,766|
What power companies are in New Mexico?
|State Customers Rank||Provider||State Customers|
|1||Public Service Company of New Mexico||541,895|
|2||Southwestern Public Service Company||125,861|
|3||El Paso Electric Company||104,583|
|5||Jemez Mountains Electric Cooperative||31,163|
|6||Kit Carson Electric Cooperative||29,696|
|7||Continental Divide Electric Cooperative||24,559|
|8||Otero County Electrictric Cooperative||19,839|
|9||Central New Mexico Electric Coop||18,156|
|10||Central Valley Elec Coop||15,170|
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 $92 so far in 2022, and the countrywide average is $130.
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 13.86 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 122 electricity plants located in New Mexico.