New Mexico
Avg residential rate (manual MVP): 15.29¢/kWh
Updated monthly • Last reviewed 2026-02-22 • Methodology
Last updated: February 2026
Previous month: 2025-11 (15.61¢/kWh) • MoM: -0.95¢ (-6.09%)
Updated 36 days ago
Source: PowerOutage.us · External data
Methodology: Average residential electricity price in cents per kWh from the published state-level dataset. Values are used as a reference benchmark for comparison and estimation.
Estimates are energy-only and exclude delivery fees, taxes, fixed charges, and other utility fees.
More for New Mexico
Utilities in New Mexico | Plans in New Mexico | History in New Mexico | Offers in New Mexico | Compare all states | National calculator | Affordability index
Learn more: Why electricity prices vary by state.
Common questions about electricity in New Mexico.
Explore plan types in New Mexico.
Common usage scenarios: 1000 kWh bill | 1500 kWh bill
Major utilities in New Mexico
Utility-specific pages are coming soon for New Mexico.
Average electricity price in New Mexico
New Mexico's average residential electricity rate is 15.29¢/kWh (updated February 2026) based on PowerOutage.us.
The estimator is energy-only and excludes delivery fees, taxes, fixed charges, and other utility fees.
Electricity Affordability Index
Score: 88 / 100
Category: Very Affordable
Higher score means lower electricity price relative to other states.
Electricity Value Score™
Score: 89 / 100
Tier: Excellent
Composite score based on price, affordability, and data freshness.
Electricity Price Index™
Index: 87 (Base = 100 national average)
Position: Below National Average
An index above 100 indicates higher-than-average electricity prices.
State snapshot
- Rate tier: Medium
- Example monthly energy cost at 500 kWh: $76.45
- Example monthly energy cost at 1000 kWh: $152.90
- Example monthly energy cost at 1500 kWh: $229.35
What this means: New Mexico's average residential electricity price is 15.29¢/kWh as of February 2026. This places New Mexico in the medium rate tier based on the same threshold model used across all states. At 1000 kWh of monthly usage, the estimated energy-only charge is about $152.90.
Quick bill estimate
Est. energy charge: $137.61
Note: this is energy-only (doesn’t include delivery fees, taxes, etc.).
Browse nearby states
Similar-priced states
- Florida — 15.27¢/kWh
- Virginia — 15.26¢/kWh
- Georgia — 15.22¢/kWh
- West Virginia — 15.39¢/kWh
- Oregon — 15.00¢/kWh
Region
Other states in this region
Major cities in New Mexico
City pages for New Mexico are coming soon.
Price drivers (qualitative)
No drivers published yet. View all price drivers.
Regulatory signals
- Open rate cases: 0
- No regulatory events tracked yet.
FAQ
What is the average residential electricity price in New Mexico?
New Mexico's average residential electricity rate is 15.29¢/kWh (updated February 2026).
How is the bill estimate calculated?
The estimate uses: kWh * (15.29¢/kWh) / 100. It is an energy-only estimate.
Does the estimate include delivery fees and taxes?
No. It excludes delivery fees, taxes, fixed charges, and other utility fees.
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