State hub · 20 providers
New Mexico electricity rates by utility, 2025
New Mexico homes paid an average of 14.85¢ per kWh in 2025, the 21st lowest of 51 (50 states and D.C.), and used 638 kWh a month for an average bill of $95. Among full-service utilities, averages ran from 9.79¢ (Central Valley Elec Coop, Inc) to 25.31¢ (Southwestern Electric Coop Inc (NM)).
- 14.85¢Avg residential ¢/kWh (2025)+0.65¢ (+4.6%) vs 2024
- $95Avg monthly billU.S.: $151
- 638 kWhAvg monthly useU.S.: 874 kWh
- 16.51¢August 2026 (preliminary)August 2025: 15.98¢
How New Mexico compares
- U.S. residential average, 2025: 17.23¢ per kWh and $151 a month. New Mexico is 14% below it.
- Change since 2024: +0.65¢ (+4.6%) per kWh (U.S.: +0.76¢ (+4.6%)).
- August 2026 (preliminary): 16.51¢ per kWh, against 15.98¢ in August 2025 (+0.53¢ (+3.3%)).
Every New Mexico provider with residential customers
| Provider | Type | Customers | ¢/kWh | Avg bill | Change vs 2024 |
|---|---|---|---|---|---|
| Public Service Co of NM | Full-service utility | 496,914 | 16.35¢ | $91 | +0.78¢ (+5.0%) |
| Southwestern Public Service Co | Full-service utility | 101,203 | 12.86¢ | $125 | +0.88¢ (+7.3%) |
| El Paso Electric Co | Full-service utility | 97,258 | 10.34¢ | $74 | +0.18¢ (+1.8%) |
| City of Farmington (NM) | Full-service utility | 36,031 | 12.95¢ | $84 | +0.27¢ (+2.1%) |
| Jemez Mountains Elec Coop, Inc | Full-service utility | 28,185 | 15.76¢ | $90 | +0.40¢ (+2.6%) |
| Kit Carson Electric Coop, Inc | Full-service utility | 26,286 | 15.68¢ | $78 | −2.50¢ (-13.8%) |
| Continental Divide El Coop Inc | Full-service utility | 20,474 | 16.87¢ | $100 | +0.85¢ (+5.3%) |
| Central New Mexico El Coop, Inc | Full-service utility | 19,323 | 17.39¢ | $101 | +0.23¢ (+1.3%) |
| Otero County Electric Coop Inc | Full-service utility | 16,517 | 19.56¢ | $110 | +1.91¢ (+10.8%) |
| Farmers Electric Coop, Inc (NM) | Full-service utility | 10,310 | 13.68¢ | $112 | +0.82¢ (+6.3%) |
| Navajo Tribal Utility Authority | Full-service utility | 9,768 | 16.44¢ | $86 | −0.09¢ (-0.5%) |
| Los Alamos County (NM) | Full-service utility | 8,395 | 14.79¢ | $93 | +0.64¢ (+4.5%) |
| Lea County Electric Coop, Inc (NM) | Full-service utility | 7,292 | 11.03¢ | $119 | +0.96¢ (+9.6%) |
| Central Valley Elec Coop, Inc | Full-service utility | 6,167 | 9.79¢ | $112 | +0.88¢ (+9.9%) |
| Roosevelt County Elec Coop Inc | Full-service utility | 3,898 | 13.54¢ | $139 | +1.48¢ (+12.2%) |
| Springer Electric Coop, Inc | Full-service utility | 2,423 | 21.96¢ | $108 | +2.95¢ (+15.5%) |
| Navopache Electric Coop, Inc | Full-service utility | 1,500 | 15.10¢ | $68 | +0.16¢ (+1.1%) |
| Southwestern Electric Coop Inc (NM) | Full-service utility | 1,435 | 25.31¢ | $135 | +1.22¢ (+5.1%) |
| Rio Grande Electric Coop, Inc | Full-service utility | 232 | 18.66¢ | $111 | +0.36¢ (+2.0%) |
| Tri-County Electric Coop, Inc (OK) | Full-service utility | 7 | 31.43¢ | $26 | −6.57¢ (-17.3%) |
Sources
- U.S. Energy Information Administration, Annual Electric Power Industry Report, Form EIA-861, 2025 final data (f8612025.zip, file dated October 7, 2026): Sales to Ultimate Customers, Average Monthly Bill and Service Territory tables.
- EIA Form EIA-861, 2024 final data (f8612024.zip, file dated December 4, 2025), for the 2024 comparison.
- EIA Electric Power Monthly, Table 5.6.A (average price by state, August 2026 and August 2025; 2026 values are preliminary), file dated October 22, 2026.
Average price = residential revenue ÷ residential kWh sold, as reported to EIA. It includes fixed monthly charges, taxes passed through in revenue and seasonal tiers, averaged over the year. Your own rate depends on your tariff and usage.