Public Service Company of New Mexico

About Public Service Company of New Mexico

Public Service Company of New Mexico is an investor owned entity serving the state of New Mexico, including cities like Albuquerque, Rio Rancho, Santa Fe, South Valley CDP, and Alamogordo. At the moment, there are 541,895 customers of the provider. About 0.04% of them are industrial accounts, 10.93% are commercial customer accounts and 89.03% are residential customers. Consumers of Public Service Company of New Mexico purchase residential electricity for, on average, 14.36 cents per kilowatt hour. Unfortunately for their consumers, this rate is above both the New Mexico and nationwide average rates of 13.90 and 14.11 cents per kilowatt hour, respectively. In 2020 the company had retail sales of 8,945,883 megawatt hours and wholesale sales of 8,945,883 megawatt hours. Power generation plants owned by the company produced 73.63% of the megawatt hours sourced by the company and an additional 26.50% was purchased via wholesale channels. Their revenue for 2020 from electricity related activities was $1,140,880,200, with 88.09% coming from retail sales to end users and 6.43% from sales to the wholesale electricity market.

The New Mexico average monthly residential electric bill is $86.42, while the Public Service Company of New Mexico average is 2.57% lower at $83.19 per month. This is the 18th lowest average monthly bill amount for a supplier in the state. Production plants owned by or associated with Public Service Company of New Mexico produce 9,498,652.38 megawatt hours, which is the 136th highest of any provider in the United States. The supplier produces 9,359,742.38 megawatt hours from non-renewable fuel sources a year. This ranks them 113th out of 3509 companies in the nation. The supplier produces a total of 4,317,155.45 megawatt hours from coal usage, which is the 84th most in the US out of 3509 providers.