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

Electricity rates in 88048 — Mesquite, NM

Homes in ZIP 88048 pay about 9.4¢ per kWh (El Paso Electric Co., Jan–Aug 2026). The New Mexico average is 16.5¢ and the U.S. average 18.2¢ (Aug 2026).

Avg. home price9.4¢per kWh
UtilityEl Paso Electric Co.
NM average16.5¢Aug 2026
U.S. average18.2¢Aug 2026
Avg. monthly bill$75740 kWh/month, 2024

What a month of electricity costs

500 kWh / month$47
750 kWh / month · avg. use$71
900 kWh / month$85
1,200 kWh / month$113

Monthly cost at the average price of 9.4¢ per kWh. Real bills add or subtract fixed charges, tiers, time-of-use and fuel adjustments.

Where ZIP 88048 is

Outlined: ZIP code area · scroll or pinch to zoom

Utilities serving 88048

UtilityHome priceAvg. billCustomers in NM
El Paso Electric Co.
Investor Owned
9.4¢
Jan–Aug 2026
$7594,760

Utilities are matched to this ZIP code by NREL’s ZIP–utility table and the EIA service-territory list for Doña Ana County; county matches may serve only part of the area. Prices are each utility’s average residential revenue per kWh.

New Mexico price trend

5¢8¢11¢14¢17¢20¢20222023202420252026New Mexico averageU.S. averageEl Paso Electric Co. 5¢8¢11¢14¢17¢20¢20222023202420252026New Mexico averageU.S. averageEl Paso Electric Co.
New Mexico averageU.S. averageEl Paso Electric Co.
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.

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 88048

How much does electricity cost in 88048?

About 9.4¢ per kWh for homes (El Paso Electric Co., Jan–Aug 2026, EIA). At 900 kWh a month that is roughly $85.

Who is the electric utility for 88048?

El Paso Electric Co., with about 94,760 residential customers in New Mexico.

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¢.