PNM Resources

About PNM Resources

PNM Resources provides electricity to 9 counties and is considered an investor owned organization. A total of 182 industrial customers, 59,501 commercial accounts and 494,329 residential customer accounts are supplied electricity by the provider. PNM Resources' consumers are billed an average residential electricity rate of 15.77 cents per kilowatt hour. Unfortunately, this is 6.68% more than New Mexico's average rate of 14.78 cents. Approximately 9,667,016 megawatt hours were sold by the supplier to retail accounts in 2023 and 4,587,124 megawatt hours were sold to other providers via whole channels. The electricity sourced by PNM Resources is made up of multiple sources including megawatt hours they produce in their power plants and supplementary megawatt hours purchased via wholesale channels. These categories make up 45.06% and 55.08%, respectively, of all electricity sourced by the company. In 2023, the provider made a total of $1,127,015,000 from retail electricity sales and a total of $263,639,200 on the wholesale electricity market.

Customers of the supplier have an average residential power bill of $94.43. This is 34.14% below the US average bill of $143.38. They rank 326th in the country out of the 3530 companies we track for their ratio of renewable versus non-renewable fuel types used. Solar fields owned by the provider generate 753,501 megawatt hours, which is 10.55% of their total generation amount. Of the 3530 companies in the United States, PNM Resources has the 46th highest amount of megawatt hours generated from nuclear power facilities.