Farmers Electric Coop, Inc (NM) electricity rates in New Mexico, 2025
Farmers Electric Coop, Inc (NM)’s 10,310 residential customers paid an average of 13.68¢ per kWh in 2025, 8% below the New Mexico average of 14.85¢. The typical home used 819 kWh a month, for an average bill of $112.
- 13.68¢avg ¢/kWh (2025)+0.82¢ (+6.3%) vs 2024
- $112Avg monthly billNew Mexico: $95
- 819 kWhAvg monthly useNew Mexico: 638 kWh
- 10,310Residential customersFull-service utility
| Sector | Customers | Sales (MWh) | Revenue | ¢/kWh 2025 | ¢/kWh 2024 | Change |
|---|---|---|---|---|---|---|
| Residential | 10,310 | 101,267 | $13,855,000 | 13.68¢ | 12.87¢ | +0.82¢ (+6.3%) |
| Commercial | 1,892 | 101,442 | $13,365,100 | 13.18¢ | 12.08¢ | +1.10¢ (+9.1%) |
| Industrial | 1,535 | 166,890 | $15,902,500 | 9.53¢ | 9.15¢ | +0.38¢ (+4.2%) |
| All sectors | 13,737 | 369,599 | $43,122,600 | 11.67¢ | 10.93¢ | +0.73¢ (+6.7%) |
How Farmers Electric Coop, Inc (NM) compares
- New Mexico residential average, 2025: 14.85¢ per kWh, 638 kWh a month, $95 average bill. U.S. average: 17.23¢, 874 kWh, $151.
- Among 18 full-service utilities in New Mexico with at least 1,000 residential customers, Farmers Electric Coop, Inc (NM) ranks 7 of 18 from lowest to highest average price.
- Latest monthly figure: New Mexico homes paid 16.51¢ per kWh in August 2026 (preliminary), against 15.98¢ in August 2025. Summer months often run higher than the annual average.
- From 2024 to 2025 this average rose 6.3%; the state average rose 4.6%.
- Farmers Electric Coop, Inc (NM) is an electric cooperative, owned by the members it serves; its board sets rates. Balancing authority: SWPP.
Where Farmers Electric Coop, Inc (NM) serves
EIA lists 7 New Mexico counties in its 2025 service territory: Curry, De Baca, Guadalupe, Harding, Quay, Roosevelt, San Miguel.
29 ZIP codes are matched to Farmers Electric Coop, Inc (NM) in NREL’s 2024 ZIP file: 87733, 87743, 87746, 88101, 88112, 88118, 88119, 88120, 88121, 88124, 88130, 88133, 88134, 88135, 88136, 88318, 88401, 88411, 88416, 88417, 88421, 88426, 88427, 88430, 88431, 88433, 88434, 88435, 88439. Utility boundaries do not follow ZIP lines, so a ZIP can have more than one provider.
New Mexico full-service utilities with similar rates
| Provider | ¢/kWh | Avg bill | Customers |
|---|---|---|---|
| Lea County Electric Coop, Inc (NM) | 11.03¢ | $119 | 7,292 |
| Southwestern Public Service Co | 12.86¢ | $125 | 101,203 |
| City of Farmington (NM) | 12.95¢ | $84 | 36,031 |
| Roosevelt County Elec Coop Inc | 13.54¢ | $139 | 3,898 |
| Los Alamos County (NM) | 14.79¢ | $93 | 8,395 |
| Navopache Electric Coop, Inc | 15.10¢ | $68 | 1,500 |
| Kit Carson Electric Coop, Inc | 15.68¢ | $78 | 26,286 |
| Jemez Mountains Elec Coop, Inc | 15.76¢ | $90 | 28,185 |
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.
- National Renewable Energy Laboratory via OpenEI, U.S. Electric Utility Companies and Rates: Look-up by Zipcode (2024) (investor-owned and other utilities, files dated November 10, 2025), used only to match ZIP codes to utilities.
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.