Electricity rates in 87503 — Santa Fe, NM
Homes in ZIP 87503 pay about 16.9¢ per kWh (Public Service Co. of NM, Jan–Aug 2026). The New Mexico average is 16.5¢ and the U.S. average 18.2¢ (Aug 2026).
What a month of electricity costs
Monthly cost at the average price of 16.9¢ per kWh. Real bills add or subtract fixed charges, tiers, time-of-use and fuel adjustments.
Where ZIP 87503 is
scroll or pinch to zoomUtilities serving 87503
| Utility | Home price | Avg. bill | Customers in NM |
|---|---|---|---|
| Public Service Co. of NM Investor Owned | 16.9¢ Jan–Aug 2026 | $89 | 492,945 |
| Jemez Mountains Elec Coop, Inc. Cooperative · serves Santa Fe | 15.4¢ 2024 | $89 | 28,093 |
| Central New Mexico El Coop, Inc. Cooperative · serves Santa Fe | 17.2¢ 2024 | $100 | 19,126 |
| Mora-San Miguel Elec Coop Cooperative · serves Santa Fe | 15.4¢ 2024 | $96 | 11,389 |
Utilities are matched to this ZIP code by NREL’s ZIP–utility table and the EIA service-territory list for Santa Fe; county matches may serve only part of the area. Prices are each utility’s average residential revenue per kWh.
New Mexico price trend
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.
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 about 87503
How much does electricity cost in 87503?
About 16.9¢ per kWh for homes (Public Service Co. of NM, Jan–Aug 2026, EIA). At 900 kWh a month that is roughly $152.
Who is the electric utility for 87503?
Public Service Co. of NM, with about 492,945 residential customers in New Mexico; 3 other utilities also serve parts of the area.
Is electricity in NM getting more expensive?
The New Mexico residential average was 16.5¢ per kWh in August 2026, up 3.3% from a year earlier; the U.S. average was 18.2¢.