Electricity rates in 88121 — House, NM
Homes in ZIP 88121 pay about 12.9¢ per kWh (Farmers Electric Coop, Inc. (NM), 2024 average). 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 12.9¢ per kWh. Real bills add or subtract fixed charges, tiers, time-of-use and fuel adjustments.
Where ZIP 88121 is
Outlined: ZIP code area · scroll or pinch to zoomUtilities serving 88121
| Utility | Home price | Avg. bill | Customers in NM |
|---|---|---|---|
| Farmers Electric Coop, Inc. (NM) Cooperative | 12.9¢ 2024 | $107 | 10,258 |
| Southwestern Public Service Co. Investor Owned · serves Quay County | 12.2¢ Jan–Aug 2026 | $119 | 100,540 |
| Southwestern Electric Coop Inc. (NM) Cooperative · serves Quay County | 24.1¢ 2024 | $133 | 1,434 |
Utilities are matched to this ZIP code by NREL’s ZIP–utility table and the EIA service-territory list for Quay County; 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 88121
How much does electricity cost in 88121?
About 12.9¢ per kWh for homes (Farmers Electric Coop, Inc. (NM), 2024 average, EIA). At 900 kWh a month that is roughly $116.
Who is the electric utility for 88121?
Farmers Electric Coop, Inc. (NM), with about 10,258 residential customers in New Mexico; 2 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¢.