Farmington Electric

About Farmington Electric

Farmington Electric is a municipally owned entity located in Farmington, New Mexico and supplying power to customers in New Mexico. There are 7 industrial customer accounts, 9,159 commercial accounts and 36,226 residential customers who are receiving service from the provider. Farmington Electric's average residential electricity price per kilowatt hour is 12.71 cents per kilowatt hour, which is 14.01% lower than the state's average rate of 14.78 cents and 21.61% less than the national average of 16.22 cents. There were a total of 5,074 megawatt hours sold to wholesale customers. The megawatt hours sourced by the company came from a combination of electricity generation from power facilities owned by Farmington Electric and supplementary megawatt hours that they purchased by way of wholesale channels. Their total revenue in 2023 from electricity activities was $84,498,000, with 109.68% coming from retail sales to end users and 0.07% from wholesale electricity sales.

Customers of the supplier have an average residential electricity bill of $86.38. This is 39.75% below the national average of $143.38. Dams and other hydroelectric facilities owned or operated by the company produce 91,393 megawatt hours, making the company the largest producer of hydroelectric power out of 30 providers in the state. The company produces 273rd megawatt hours from non-renewable fuel types each year. This ranks them 273rd in the country out of 3530 companies. The company produces 20.52% of their total number of megawatt hours generated, which is 91,393 megawatt hours, from sustainable fuel types.