States › New Mexico
New Mexico electricity rates
Updated October 7, 2026
14.5¢per kWh, customer-weighted average11% lower than the U.S. average
$92average monthly bill
0utilities with a pending rate case
Utilities in New Mexico
| Utility | ¢/kWh | Homes | Avg bill | Rate case |
|---|---|---|---|---|
| PNM Investor Owned | 15.57 | 492,945 | $89 | |
| Xcel Energy New Mexico Investor Owned | 11.98 | 100,540 | $119 | |
| El Paso Electric Investor Owned | 10.16 | 94,760 | $75 | |
| City of Farmington Municipal | 12.69 | 35,990 | $83 | |
| Jemez Mountains Elec Coop Cooperative | 15.36 | 28,093 | $89 | |
| Kit Carson Electric Coop Cooperative | 18.18 | 26,097 | $90 | |
| Continental Divide El Coop Cooperative | 16.02 | 20,415 | $98 | |
| Central New Mexico El Coop Cooperative | 17.16 | 19,126 | $100 | |
| Otero County Electric Coop Cooperative | 17.65 | 16,448 | $101 | |
| Farmers Electric Coop Cooperative | 12.87 | 10,258 | $107 |