Average Electric Bill

Rates by state / New Mexico

Residential electricity · updated July 2026

Average electric bill in New Mexico

The average New Mexico home paid 15.3¢ per kWh and about $99 a month over the 12 months to July 2026, according to U.S. Energy Information Administration data. That rate is 15% below the U.S. average of 18.0¢, the 31st highest of 50 states and D.C.

Average rate

15.3¢/kWh

12 months to Jul 2026. Latest month 16.1¢.

Average bill

$99/mo

Average use × average rate

Average use

649kWh/mo

Per residential customer

1-year change

+4.9%

5 years: +15.5%

New Mexico electric bills by month

What the average residential customer actually paid each month: total residential revenue ÷ customers. Source: EIA.

MonthAvg useAvg rateAvg bill
July 2026942 kWh16.1¢$152
June 2026805 kWh15.1¢$121
May 2026583 kWh14.1¢$82
April 2026486 kWh15.2¢$74
March 2026506 kWh14.8¢$75
February 2026548 kWh15.1¢$83
January 2026673 kWh14.7¢$99
December 2025624 kWh14.7¢$92
November 2025507 kWh15.6¢$79
October 2025565 kWh14.9¢$85
September 2025673 kWh16.5¢$111
August 2025871 kWh16.2¢$141

Typical bill by home size in New Mexico

Monthly use of typical homes, all household sizes, priced at New Mexico's average rate of 15.3¢. Source: EIA RECS 2020 and EIA retail sales.

Home sizeTypical useMost homesTypical bill
Under 1,000 sq ft408 kWh263–643 kWh$62
1,000–1,499 sq ft618 kWh417–905 kWh$95
1,500–1,999 sq ft760 kWh512–1,089 kWh$116
2,000–2,999 sq ft946 kWh648–1,347 kWh$145
3,000+ sq ft1,217 kWh858–1,727 kWh$186

Summer and winter months run higher than these yearly averages. Check your own bill to compare a specific month.

What uses the most electricity in New Mexico homes

Average yearly use by purpose for New Mexico homes, priced at 15.3¢ per kWh. Source: EIA RECS 2020 (178 surveyed homes).

UsekWh / yr≈ $ / mo
Everything else plugged in1,825 (22%)$23
Air conditioning1,704 (21%)$22
Refrigerators and freezers1,007 (12%)$13
Space heating875 (11%)$11
Washer and dryer555 (7%)$7
TVs and electronics507 (6%)$6
Lighting472 (6%)$6
Water heating455 (6%)$6
Cooking and dishwasher372 (5%)$5
Fans and dehumidifiers233 (3%)$3
Pool and hot tub229 (3%)$3

Why is my electric bill so high?

Monthly rate, last 5 years

10121416182020222023202420252026¢/kWh
New MexicoU.S. average

Monthly prices swing with the season because fixed charges are spread over fewer or more kWh.

How much electricity New Mexico homes use

4006008001,0001,20020222023202420252026kWh
kWh per home per month

Electricity rates by utility in New Mexico

Average residential revenue per kWh in 2025, largest 20 of 20 by customers. Source: EIA-861.

UtilityCustomersRateAvg use / mo1-yr change
Public Service Co of NM496,91416.4¢555 kWh+5.0%
Southwestern Public Service Co101,20312.9¢973 kWh+7.3%
El Paso Electric Co97,25810.3¢718 kWh+1.8%
City of Farmington - (NM)36,03112.9¢651 kWh+2.0%
Jemez Mountains Elec Coop, Inc28,18515.8¢570 kWh+2.6%
Kit Carson Electric Coop, Inc26,28615.7¢495 kWh-13.8%
Continental Divide El Coop Inc20,47416.9¢592 kWh+5.3%
Central New Mexico El Coop, Inc19,32317.4¢580 kWh+1.3%
Otero County Electric Coop Inc16,51719.6¢560 kWh+10.8%
Farmers Electric Coop, Inc - (NM)10,31013.7¢819 kWh+6.3%
Navajo Tribal Utility Authority9,76816.4¢521 kWh-0.5%
Los Alamos County - (NM)8,39514.8¢630 kWh+4.5%
Lea County Electric Coop, Inc - (NM)7,29211.0¢1,076 kWh+9.5%
Central Valley Elec Coop, Inc6,1679.8¢1,149 kWh+9.9%
Roosevelt County Elec Coop Inc3,89813.5¢1,023 kWh+12.2%
Springer Electric Coop, Inc2,42322.0¢491 kWh+15.5%
Navopache Electric Coop, Inc1,50015.1¢451 kWh+1.1%
Southwestern Electric Coop Inc - (NM)1,43525.3¢532 kWh+5.1%
Rio Grande Electric Coop, Inc23218.7¢594 kWh+2.0%
Tri-County Electric Coop, Inc (OK)731.4¢83 kWh-17.3%

New Mexico electricity: common questions

What is the average electric bill in New Mexico?
The average New Mexico household pays about $99 a month for electricity, based on 649 kWh of use at 15.3¢ per kWh over the 12 months to July 2026 (U.S. Energy Information Administration data).
How much does electricity cost per kWh in New Mexico?
Residential electricity in New Mexico averaged 15.3¢ per kWh over the 12 months to July 2026, and 16.1¢ in July 2026 alone. That is 15% below the U.S. average of 18.0¢, the 31st highest of the 50 states and D.C. These averages spread fixed service charges and surcharges over each kWh. Sales taxes added to bills may not be included.
When are electric bills highest in New Mexico?
In the last 12 months, the average New Mexico bill peaked in July 2026 at $152 and was lowest in April 2026 at $74.
How much electricity does a 1,500–1,999 sq ft home use in New Mexico?
A typical New Mexico home of 1,500–1,999 square feet uses about 760 kWh a month, and most use between 512 and 1,089 kWh. At the state's average rate that is roughly $116 a month. Based on EIA's Residential Energy Consumption Survey (RECS 2020).
Are electricity rates going up in New Mexico?
New Mexico's average residential rate changed +4.9% compared with the previous 12 months and +15.5% over five years.
What uses the most electricity in New Mexico homes?
In a typical New Mexico home, everything else plugged in uses the most electricity (about 1,825 kWh a year, 22% of the total), followed by air conditioning (21%) and refrigerators and freezers (12%). Source: EIA RECS 2020.
How do I know if my New Mexico electric bill is too high?
Compare two things: how many kWh you used against similar homes, and what you paid per kWh against the state average. The free bill check on AverageElectricBill.com does both from the numbers on your bill, adjusting for the month and your home's size.

States with similar rates

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