EIA data through August 2026 · updated 2026-10-29

Farmers Electric Coop, Inc. (NM) electricity rates

Farmers Electric Coop, Inc. (NM) (cooperative) residential customers paid about 12.9¢ per kWh (2024 average) — an average bill of $107 for 833 kWh a month.

Avg. home price12.9¢per kWh
Residential customers10,258NM, 2024
Avg. monthly use833kWh
Commercial12.1¢per kWh
Industrial9.2¢per kWh

What a month costs with Farmers Electric Coop, Inc. (NM)

500 kWh / month$64
900 kWh / month$116
1,200 kWh / month$154

Monthly cost at the average price of 12.9¢ per kWh. Real bills add or subtract fixed charges, tiers, time-of-use and fuel adjustments.

Price trend

11¢13¢15¢17¢19¢20222023202420252026New Mexico averageU.S. average 11¢13¢15¢17¢19¢20222023202420252026New Mexico averageU.S. average
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.

EIA publishes monthly figures only for larger utilities; this one reports yearly, so the chart shows the state.

ZIP codes served

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 Farmers Electric Coop, Inc. (NM)’s electricity rate?

About 12.9¢ per kWh for residential customers (2024 average, EIA-861), including fixed charges spread over usage.

What is the average Farmers Electric Coop, Inc. (NM) electric bill?

$107 a month in 2024, for an average of 833 kWh (EIA-861).

Is Farmers Electric Coop, Inc. (NM) cheaper than the New Mexico average?

Yes: 12.9¢ versus the New Mexico average of 16.5¢ (Aug 2026).