What is the average electricity cost in New Mexico?

The average residential electricity rate in New Mexico is 14.70 cents per kWh. At 900 kWh per month, that translates to an estimated monthly cost of $132.30.

Is electricity in New Mexico cheaper than the national average?

Electricity in New Mexico costs about $28.44 less per month than the U.S. national average when using 900 kWh.

How much does 900 kWh cost in New Mexico?

At the average rate of 14.70¢/kWh, 900 kWh costs approximately $132.30 per month, or about $1587.60 per year.

Electricity Cost in New Mexico

The average residential electricity rate in New Mexico is 14.70¢ per kWh. At 900 kWh/month, that works out to about $132 per month or $1588 per year.

Rates from EIA data · 900 kWh standard usage benchmark

Average rate

14.70 ¢/kWh

Est. monthly (900 kWh)

$132.30

Est. annual (10,800 kWh)

$1587.60

vs national (monthly)

$-28.44

National avg: 17.86¢/kWh

How New Mexico Compares

State rate

14.70 ¢/kWh

National average

17.86 ¢/kWh

Difference

-17.7%

Key Insights

Electricity in New Mexico costs 18% less than the national average.
New Mexico ranks #29 among U.S. states for electricity prices.
New Mexico shows an accelerating electricity price trend based on recent historical data.

More Data & Comparisons

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Frequently Asked Questions

What is the average electricity cost in New Mexico?: The average residential electricity rate in New Mexico is 14.70 cents per kWh. At 900 kWh per month, that translates to an estimated monthly cost of $132.30.
Is electricity in New Mexico cheaper than the national average?: Electricity in New Mexico costs about $28.44 less per month than the U.S. national average when using 900 kWh.
How much does 900 kWh cost in New Mexico?: At the average rate of 14.70¢/kWh, 900 kWh costs approximately $132.30 per month, or about $1587.60 per year.