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Average Electric Bill in New Mexico
What is the average electric bill in New Mexico?
The average residential electricity rate in New Mexico is 15.29¢/kWh as of February 2026. At a typical usage of 1,000 kWh per month, the estimated energy-only charge is about $152.90.
Example bills by usage
- 500 kWh → $76.45/month (energy only)
- 1,000 kWh → $152.90/month (energy only)
- 1,500 kWh → $229.35/month (energy only)
Affordability context
New Mexico has an Electricity Affordability Index of 88 out of 100, placing it in the "Very Affordable" category. A higher score means electricity is more affordable relative to other states.
Value Score™
New Mexico's Electricity Value Score™ is 89, rated "Excellent". This composite score combines affordability, price position, and data freshness.
Important disclaimer
Estimates are energy-only and exclude delivery fees, taxes, fixed charges, and other utility fees.