Electricity rates in 88221 — Carlsbad, NM
Homes in ZIP 88221 pay about 9.7¢ per kWh (Central Valley Elec Coop, Inc., 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 9.7¢ per kWh. Real bills add or subtract fixed charges, tiers, time-of-use and fuel adjustments.
Where ZIP 88221 is
scroll or pinch to zoomUtilities serving 88221
| Utility | Home price | Avg. bill | Customers in NM |
|---|---|---|---|
| Central Valley Elec Coop, Inc. Cooperative | 9.7¢ Jan–Aug 2026 | $105 | 6,150 |
| Southwestern Public Service Co. Investor Owned · serves Eddy | 12.2¢ Jan–Aug 2026 | $119 | 100,540 |
| Lea County Electric Coop, Inc. (NM) Cooperative · serves Eddy | 10.1¢ 2024 | $114 | 7,217 |
| Rio Grande Electric Coop, Inc. Cooperative · serves Eddy | 18.3¢ 2024 | $117 | 232 |
Utilities are matched to this ZIP code by NREL’s ZIP–utility table and the EIA service-territory list for Eddy; 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 88221
How much does electricity cost in 88221?
About 9.7¢ per kWh for homes (Central Valley Elec Coop, Inc., Jan–Aug 2026, EIA). At 900 kWh a month that is roughly $87.
Who is the electric utility for 88221?
Central Valley Elec Coop, Inc., with about 6,150 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¢.