EIA data through August 2026 · updated 2026-10-29
New Mexico electricity rates
New Mexico homes paid 16.5¢ per kWh in August 2026 — +3.3% from a year earlier. That is #27 cheapest of 51; the U.S. average was 18.2¢.
NM average16.5¢Aug 2026
12-month average15.2¢
Rank (cheapest)#27of 51
Utilities21
ZIP codes419
New Mexico electricity price trend
New Mexico averageU.S. average
Aug 202616.5¢per kWh
vs. 1 year ago+3.3%16.0¢
vs. 5 years ago+14.5%14.4¢
Record high16.5¢Aug 2026
Avg. home bill$162983 kWh, Aug
EIA forecast, Mountain14.7¢Dec 2027
Hover or tap the chart for exact monthly values. Source: EIA-861M (monthly, latest months preliminary); forecast: EIA Short-Term Energy Outlook (October 2026) for the Mountain region, which includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, Wyoming.
Utilities in New Mexico
21 utilities · 8 report monthlyMonthly home price by utility
Loading chart…
| │ = NM average, same period | |||||
|---|---|---|---|---|---|
| Public Service Co. of NM Investor Owned · monthly data |
16.9¢Jan–Aug 2026 |
+11.3% | +8.6% | $89 | 492,945 |
| Southwestern Public Service Co. Investor Owned · monthly data |
12.2¢Jan–Aug 2026 |
-19.8% | +1.7% | $119 | 100,540 |
| El Paso Electric Co. Investor Owned · monthly data |
9.4¢Jan–Aug 2026 |
-38.1% | -7.5% | $75 | 94,760 |
| Adjustment 2024 |
16.2¢2024 |
+14.6% | — | $100 | 46,439 |
| City of Farmington (NM) Municipal · monthly data |
13.2¢Jan–Aug 2026 |
-13.2% | +3.9% | $83 | 35,990 |
| Jemez Mountains Elec Coop, Inc. Cooperative |
15.4¢2024 |
+8.6% | — | $89 | 28,093 |
| Kit Carson Electric Coop, Inc. Cooperative |
18.2¢2024 |
+28.6% | — | $90 | 26,097 |
| Continental Divide El Coop Inc. Cooperative |
16.0¢2024 |
+13.3% | — | $98 | 20,415 |
| Central New Mexico El Coop, Inc. Cooperative |
17.2¢2024 |
+21.4% | — | $100 | 19,126 |
| Otero County Electric Coop Inc. Cooperative |
17.6¢2024 |
+24.8% | — | $101 | 16,448 |
| Farmers Electric Coop, Inc. (NM) Cooperative |
12.9¢2024 |
-9% | — | $107 | 10,258 |
| Navajo Tribal Utility Authority State · monthly data |
18.0¢Jan–Aug 2026 |
+18.2% | +8.7% | $85 | 9,834 |
| Los Alamos County Municipal · monthly data |
15.4¢Jan–Aug 2026 |
+1.3% | +8.7% | $94 | 7,742 |
| Lea County Electric Coop, Inc. (NM) Cooperative |
10.1¢2024 |
-28.8% | — | $114 | 7,217 |
| Central Valley Elec Coop, Inc. Cooperative · monthly data |
9.7¢Jan–Aug 2026 |
-36.4% | +8.4% | $105 | 6,150 |
| Roosevelt County Elec Coop Inc. Cooperative · monthly data |
14.6¢Jan–Aug 2026 |
-3.9% | +21% | $126 | 3,918 |
| Springer Electric Coop, Inc. Cooperative |
19.0¢2024 |
+34.5% | — | $97 | 2,453 |
| Navopache Electric Coop, Inc. Cooperative |
14.9¢2024 |
+5.7% | — | $68 | 1,493 |
| Southwestern Electric Coop Inc. (NM) Cooperative |
24.1¢2024 |
+70.4% | — | $133 | 1,434 |
| Rio Grande Electric Coop, Inc. Cooperative |
18.3¢2024 |
+29.4% | — | $117 | 232 |
| Tri-County Electric Coop, Inc. (OK) Cooperative |
38.0¢2024 |
+168.8% | — | $53 | 3 |
Bars: average home price (same color scale as the map). The thin line and “vs. NM avg.” use the New Mexico average of the same period — 2024 for yearly figures, 2026 so far for monthly ones. “vs. 2024” compares this year’s monthly average with the 2024 annual average. Click a column header to sort. Small utilities that report only totals are left out.
All ZIP codes in New Mexico
87001Algodones87002Belen87004Bernalillo87005Bluewater87006Bosque87007Casa Blanca87008Cedar Crest87010Cerrillos87011Claunch87012Coyote87013Cuba87014Cubero87015Edgewood87016Estancia87017Gallina87018Counselor87020Grants87021Milan87022Isleta87023Jarales87024Jemez Pueblo87025Jemez Springs87026Laguna87027La Jara87028La Joya87029Lindrith87031Los Lunas87032Mcintosh87034Pueblo Of Acoma87035Moriarty87036Mountainair87037Nageezi87038New Laguna87040Paguate87041Pena Blanca87042Peralta87043Placitas87044Ponderosa87045Prewitt87046Regina87047Sandia Park87048Corrales87049San Fidel87051San Rafael87052Santo Domingo Pueblo87053San Ysidro87056Stanley87059Tijeras87060Tome87061Torreon87062Veguita87063Willard87064Youngsville87068Bosque Farms87070Clines Corners87072Cochiti Pueblo87083Cochiti Lake87101Albuquerque87102Albuquerque87103Albuquerque87104Albuquerque87105Albuquerque87106Albuquerque87107Albuquerque87108Albuquerque87109Albuquerque87110Albuquerque87111Albuquerque87112Albuquerque87113Albuquerque87114Albuquerque87116Albuquerque87117Kirtland Afb87119Albuquerque87120Albuquerque87121Albuquerque87122Albuquerque87123Albuquerque87124Rio Rancho87125Albuquerque87144Rio Rancho87151Albuquerque87153Albuquerque87154Albuquerque87158Albuquerque87176Albuquerque87181Albuquerque87184Albuquerque87185Albuquerque87187Albuquerque87190Albuquerque87191Albuquerque87192Albuquerque87193Albuquerque87194Albuquerque87195Albuquerque87196Albuquerque87197Albuquerque87198Albuquerque87199Albuquerque87301Gallup87302Gallup87305Gallup87310Brimhall87311Church Rock87312Continental Divide87313Crownpoint87315Fence Lake87316Fort Wingate87317Gamerco87319Mentmore87320Mexican Springs87321Ramah87322Rehoboth87323Thoreau87325Tohatchi87326Vanderwagen87327Zuni87328Navajo87347Jamestown87357Pinehill87364Sheep Springs87365Smith Lake87375Yatahey87401Farmington87402Farmington87410Aztec87412Blanco87413Bloomfield87415Flora Vista87416Fruitland87417Kirtland87418La Plata87419Navajo Dam87420Shiprock87421Waterflow87455Newcomb87461Sanostee87499Farmington87501Santa Fe87502Santa Fe87503Santa Fe87504Santa Fe87505Santa Fe87506Santa Fe87507Santa Fe87508Santa Fe87509Santa Fe87510Abiquiu87511Alcalde87512Amalia87513Arroyo Hondo87514Arroyo Seco87515Canjilon87516Canones87517Carson87518Cebolla87519Cerro87520Chama87521Chamisal87522Chimayo87523Cordova87524Costilla87525Taos Ski Valley87527Dixon87528Dulce87529El Prado87530El Rito87531Embudo87532Espanola87533Espanola87535Glorieta87537Hernandez87538Ilfeld87539La Madera87540Lamy87543Llano87544Los Alamos87545Los Alamos87547White Rock87548Medanales87549Ojo Caliente87551Los Ojos87552Pecos87553Penasco87554Petaca87556Questa87557Ranchos De Taos87558Red River87560Ribera87562Rowe87564San Cristobal87565San Jose87566Ohkay Owingeh87567Santa Cruz87569Serafina87571Taos87573Tererro87574Tesuque87575Tierra Amarilla87576Trampas87577Tres Piedras87578Truchas87579Vadito87580Valdez87581Vallecitos87582Velarde87583Villanueva87592Santa Fe87594Santa Fe87654Spaceport City87701Las Vegas87710Angel Fire87711Anton Chico87712Buena Vista87713Chacon87714Cimarron87715Cleveland87718Eagle Nest87722Guadalupita87723Holman87724La Loma87728Maxwell87729Miami87730Mills87731Montezuma87732Mora87733Mosquero87734Ocate87735Ojo Feliz87736Rainsville87740Raton87742Rociada87743Roy87745Sapello87746Solano87747Springer87749Ute Park87750Valmora87752Wagon Mound87753Watrous87801Socorro87820Aragon87821Datil87823Lemitar87824Luna87825Magdalena87827Pie Town87828Polvadera87829Quemado87830Reserve87831San Acacia87832San Antonio87901Truth Or Consequences87930Arrey87931Caballo87933Derry87935Elephant Butte87936Garfield87937Hatch87939Monticello87940Rincon87941Salem87942Williamsburg87943Winston88001Las Cruces88002White Sands Missile Range88003Las Cruces88004Las Cruces88005Las Cruces88006Las Cruces88007Las Cruces88008Santa Teresa88009Playas88011Las Cruces88012Las Cruces88013Las Cruces88020Animas88021Anthony88022Arenas Valley88023Bayard88024Berino88025Buckhorn88026Santa Clara88027Chamberino88028Cliff88029Columbus88030Deming88031Deming88033Fairacres88034Faywood88036Fort Bayard88038Gila88039Glenwood88040Hachita88041Hanover88042Hillsboro88043Hurley88044La Mesa88045Lordsburg88046Mesilla88047Mesilla Park88048Mesquite88049Mimbres88051Mule Creek88052Organ88053Pinos Altos88054Radium Springs88055Redrock88056Rodeo88058San Miguel88061Silver City88062Silver City88063Sunland Park88065Tyrone88072Vado88081Chaparral88101Clovis88102Clovis88103Cannon Afb88112Broadview88113Causey88114Crossroads88115Dora88116Elida88118Floyd88119Fort Sumner88120Grady88121House88122Kenna88124Melrose88125Milnesand88126Pep88130Portales88132Rogers88134Taiban88135Texico88136Yeso88201Roswell88202Roswell88203Roswell88210Artesia88211Artesia88220Carlsbad88221Carlsbad88230Dexter88231Eunice88232Hagerman88240Hobbs88241Hobbs88242Hobbs88244Hobbs88250Hope88252Jal88253Lake Arthur88254Lakewood88255Loco Hills88256Loving88260Lovington88262Mcdonald88263Malaga88264Maljamar88265Monument88267Tatum88268Whites City88301Carrizozo88310Alamogordo88311Alamogordo88312Alto88314Bent88316Capitan88317Cloudcroft88318Corona88321Encino88323Fort Stanton88324Glencoe88325High Rolls Mountain Park88330Holloman Air Force Base88336Hondo88337La Luz88338Lincoln88339Mayhill88340Mescalero88341Nogal88342Orogrande88343Picacho88344Pinon88345Ruidoso88346Ruidoso Downs88347Sacramento88348San Patricio88349Sunspot88350Timberon88351Tinnie88352Tularosa88353Vaughn88354Weed88355Ruidoso88401Tucumcari88410Amistad88411Bard88414Capulin88415Clayton88416Conchas Dam88417Cuervo88418Des Moines88419Folsom88421Garita88422Gladstone88424Grenville88426Logan88427Mcalister88430Nara Visa88431Newkirk88433Quay88434San Jon88435Santa Rosa88436Sedan88439Trementina
Averages, not a quote. Prices here are what each utility’s residential customers paid on average (revenue ÷ kWh sold, fixed charges included), as reported to the U.S. Energy Information Administration. Your own rate depends on your plan, season and usage — check your bill or your utility’s tariff.
Questions
What is the average electricity rate in New Mexico?
16.5¢ per kWh for residential customers in August 2026 (EIA-861M, preliminary); the 12-month average is 15.2¢.
How does New Mexico compare with other states?
New Mexico ranks #27 cheapest of 51 states and D.C. The U.S. average was 18.2¢ in August 2026.
Which utility in New Mexico has the lowest rates?
Among the larger utilities (over 10,000 homes), El Paso Electric Co. averaged 10.2¢ per kWh in 2024. Rates depend on the plan; check the utility’s tariff.