Xcel Energy New Mexico electric rates
Updated October 7, 2026 · Source: EIA Form 861 (2024)
Investor-owned utility serving 100,540 homes in New Mexico.
Your rate
Estimate your bill
It's on your bill, usually near the top. Starting at 996 kWh, the average for Xcel Energy New Mexico homes.
This is an estimate. Uses the EIA average rate with a nominal $12 fixed charge; real tariffs have tiers, time-of-use pricing and riders. Your bill also includes taxes and fuel adjustments that change month to month.
Rate cases
No rate case on file for Xcel Energy New Mexico right now. We check regulator dockets weekly; last check October 7, 2026. Know of one?
Rate history
Xcel Energy New Mexico's average rate is up 22% since 2020, versus +28% for the U.S. average.
Average residential revenue per kWh, EIA-861. Includes delivery and, where the utility sells it, supply.
Rebates for heat pumps, batteries and EV chargers
We haven't found utility-level rebates for Xcel Energy New Mexico yet. Check New Mexico programs or read what's left after the federal credits ended.
About Xcel Energy New Mexico
- Legal name
- Southwestern Public Service Co (Xcel Energy)
- Ownership
- Investor Owned
- Homes served
- 100,540 residential customers (2024)
- Grid operator
- SWPP
- Retail choice
- No — one bundled rate
- Data
- EIA-861 2024, released October 7, 2026; rate cases checked October 7, 2026
Other utilities in New Mexico
- PNM 15.57¢
- El Paso Electric 10.16¢
- City of Farmington 12.69¢
- Jemez Mountains Elec Coop 15.36¢
- Kit Carson Electric Coop 18.18¢
- Continental Divide El Coop 16.02¢
- Central New Mexico El Coop 17.16¢
- Otero County Electric Coop 17.65¢