Rates by state / New Mexico / Public Service Co of NM
Investor Owned · 496,914 residential customers
Public Service Co of NM electricity rates
Residential customers paid an average of 16.4¢ per kWh in 2025, 7% above the New Mexico average of 15.3¢ for the latest 12 months.
Average rate
16.4¢/kWh
2025, all residential revenue ÷ kWh
Average bill
$91/mo
At 555 kWh a month
1-year change
+5.0%
5 years: +16.5%
Average rate by year
202014.0¢
202114.5¢
202214.4¢
202315.2¢
202415.6¢
202516.4¢
Public Service Co of NM bill at different usage levels
Estimated monthly bill at Public Service Co of NM's 2025 average rate of 16.4¢ per kWh. Actual bills vary with your plan, fixed charges and taxes.
| Monthly use | Public Service Co of NM | New Mexico average |
|---|---|---|
| 500 kWh (about average here) | $82 | $77 |
| 750 kWh | $123 | $115 |
| 1,000 kWh | $164 | $153 |
| 1,500 kWh | $245 | $230 |
| 2,000 kWh | $327 | $306 |
Other utilities in New Mexico
| Utility | Customers | Rate |
|---|---|---|
| Southwestern Public Service Co | 101,203 | 12.9¢ |
| El Paso Electric Co | 97,258 | 10.3¢ |
| City of Farmington - (NM) | 36,031 | 12.9¢ |
| Jemez Mountains Elec Coop, Inc | 28,185 | 15.8¢ |
| Kit Carson Electric Coop, Inc | 26,286 | 15.7¢ |
| Continental Divide El Coop Inc | 20,474 | 16.9¢ |
| Central New Mexico El Coop, Inc | 19,323 | 17.4¢ |
| Otero County Electric Coop Inc | 16,517 | 19.6¢ |
Public Service Co of NM: common questions
- How much does Public Service Co of NM charge per kWh?
- Public Service Co of NM residential customers paid an average of 16.4¢ per kWh in 2025, counting all charges, according to EIA Form 861 data.
- What is the average Public Service Co of NM electric bill?
- The average Public Service Co of NM household used 555 kWh a month in 2025, which works out to about $91 a month at the average rate.
- Is Public Service Co of NM cheaper than other utilities in New Mexico?
- Public Service Co of NM's average rate is 7% above the New Mexico average of 15.3¢. 11 of 20 utilities in New Mexico have a lower average rate.
- Did Public Service Co of NM raise rates?
- Public Service Co of NM's average residential rate changed +5.0% from 2024 to 2025 and +16.5% since 2020.
- Is my Public Service Co of NM bill too high?
- Enter the kWh and amount from your bill in the free bill check on AverageElectricBill.com. It compares your use with similar New Mexico homes and your rate with Public Service Co of NM's average.
Got a Public Service Co of NM bill?
Check my billSource: U.S. EIA Form EIA-861, 2025 final data.