New Mexico Electricity Rates & Prices

14.12¢
per kWh (avg residential)
$127
est. monthly bill at 900 kWh
Low
rate tier
-1.03¢ (-6.80%)
month-over-month change

The typical New Mexico home pays about 14.12¢ per kilowatt-hour — roughly $127 a month at average usage. The figures here reflect the latest EIA reporting and show how New Mexico electricity prices compare to the national average, plus what's pushing them up or down.

Data status: freshDataset last updated Aug 17, 2026 (UTC). The U.S. Energy Information Administration (EIA) publishes monthly state data with a reporting lag, so the rates above reflect May 2026 activity. · Source: U.S. Energy Information Administration (EIA) · Methodology

New Mexico's average residential electricity price is 14.12¢/kWh for the latest complete EIA reporting month (May 2026). This places New Mexico in the low rate tier compared with other states. At 900 kWh of monthly usage, the estimated electricity bill is about $127.08 at the all-in average rate.

How New Mexico compares nationally

Low <15¢Medium 15–22¢High >22¢U.S. average: 18.44¢/kWh
US electricity rates by stateHighest: Hawaii at 52¢/kWh. Lowest: Idaho at 12.35¢/kWh. U.S. average: 18.44¢/kWh.Alabama: 16.77¢/kWh — 9% below the U.S. averageAlaska: 28.23¢/kWh — 53% above the U.S. averageArizona: 15.23¢/kWh — 17% below the U.S. averageArkansas: 14.36¢/kWh — 22% below the U.S. averageCalifornia: 33.25¢/kWh — 80% above the U.S. averageColorado: 16.16¢/kWh — 12% below the U.S. averageConnecticut: 27.37¢/kWh — 48% above the U.S. averageDelaware: 19.38¢/kWh — 5% above the U.S. averageDistrict of Columbia: 25.4¢/kWh — 38% above the U.S. averageFlorida: 15.17¢/kWh — 18% below the U.S. averageGeorgia: 15.84¢/kWh — 14% below the U.S. averageHawaii: 52¢/kWh — 182% above the U.S. averageIdaho: 12.35¢/kWh — 33% below the U.S. averageIllinois: 23.85¢/kWh — 29% above the U.S. averageIndiana: 18.15¢/kWh — 2% below the U.S. averageIowa: 14.14¢/kWh — 23% below the U.S. averageKansas: 15.13¢/kWh — 18% below the U.S. averageKentucky: 14.98¢/kWh — 19% below the U.S. averageLouisiana: 14.15¢/kWh — 23% below the U.S. averageMaine: 28.63¢/kWh — 55% above the U.S. averageMaryland: 21.77¢/kWh — 18% above the U.S. averageMassachusetts: 28.82¢/kWh — 56% above the U.S. averageMichigan: 22.01¢/kWh — 19% above the U.S. averageMinnesota: 16.95¢/kWh — 8% below the U.S. averageMississippi: 16.16¢/kWh — 12% below the U.S. averageMissouri: 13.68¢/kWh — 26% below the U.S. averageMontana: 14.67¢/kWh — 20% below the U.S. averageNebraska: 13.59¢/kWh — 26% below the U.S. averageNevada: 13.6¢/kWh — 26% below the U.S. averageNew Hampshire: 27.33¢/kWh — 48% above the U.S. averageNew Jersey: 23.27¢/kWh — 26% above the U.S. averageNew York: 29.93¢/kWh — 62% above the U.S. averageNorth Carolina: 15.09¢/kWh — 18% below the U.S. averageNorth Dakota: 13.61¢/kWh — 26% below the U.S. averageOhio: 19.52¢/kWh — 6% above the U.S. averageOklahoma: 13.38¢/kWh — 27% below the U.S. averageOregon: 16.27¢/kWh — 12% below the U.S. averagePennsylvania: 21.55¢/kWh — 17% above the U.S. averageRhode Island: 29.46¢/kWh — 60% above the U.S. averageSouth Carolina: 16.18¢/kWh — 12% below the U.S. averageSouth Dakota: 15.73¢/kWh — 15% below the U.S. averageTennessee: 14.47¢/kWh — 22% below the U.S. averageTexas: 16.44¢/kWh — 11% below the U.S. averageUtah: 12.96¢/kWh — 30% below the U.S. averageVermont: 24.89¢/kWh — 35% above the U.S. averageVirginia: 17.61¢/kWh — 5% below the U.S. averageWashington: 14.95¢/kWh — 19% below the U.S. averageWest Virginia: 16.8¢/kWh — 9% below the U.S. averageWisconsin: 19.74¢/kWh — 7% above the U.S. averageWyoming: 14.8¢/kWh — 20% below the U.S. averageNew Mexico: 14.12¢/kWh — 23% below the U.S. averageALAKAZARCACOCTDEDCFLGAHIIDILINIAKSKYLAMEMDMAMIMNMSMOMTNENVNHNJNMNYNCNDOHOKORPARISCSDTNTXUTVTVAWAWVWIWY
At 14.12¢/kWh, New Mexico is about 23% below the U.S. average. Green is cheaper, red is costlier — hover any state to compare.

New Mexico electricity prices, last 12 months

From June 2025 to May 2026, the average residential rate moved −0.56¢/kWh. Monthly figures are EIA state averages; the change column is versus the prior month.

MonthAvg rate (¢/kWh)Change
May 202614.12−1.03¢
April 202615.15+0.34¢
March 202614.81−0.26¢
February 202615.07+0.37¢
January 202614.70+0.04¢
December 202514.66−0.95¢
November 202515.61+0.66¢
October 202514.95−1.57¢
September 202516.52+0.33¢
August 202516.19+0.39¢
July 202515.80+1.12¢
June 202514.68+0.18¢

New Mexico electricity price history has the full monthly record and year-over-year comparisons.

New Mexico rates have risen 7.2% over the past five years. The year-by-year record, with the change for each year, is on New Mexico electricity price history: up 7.2% in 5 years.

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Quick New Mexico bill estimate

Est. New Mexico electricity cost: $127.08

Fees are already included: this uses the all-in average rate — energy, delivery, and utility fees together, not just the electricity. See what's inside the all-in rate.

New Mexico electricity cost calculator · National electricity cost calculator for any kWh amount

Major utilities in New Mexico

Scores & rankings

96
Affordability (Very Affordable)
96
Value Score™ (Excellent)
77
Price Index™ (Below National Average)

Value ranking · Price Index ranking · Affordability index

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Similar-priced states

West region

Price drivers (qualitative)

No drivers published yet. View all price drivers.

Regulatory signals

  • Open rate cases: 0
  • No regulatory events tracked yet.

View regulatory overview for New Mexico

FAQ

What is the average residential electricity price in New Mexico?

New Mexico's average residential electricity rate is 14.12¢/kWh (EIA, May 2026).

How is the New Mexico bill estimate calculated?

Monthly kWh × 14.12¢/kWh ÷ 100, using New Mexico's EIA all-in average residential rate (delivery included).

Does the New Mexico rate include delivery fees and taxes?

Yes for delivery and utility fees: New Mexico's all-in rate of 14.12¢/kWh already includes delivery (T&D), fixed charges, and other utility fees. Locally billed taxes vary by area and utility within New Mexico.

Is electricity in New Mexico cheaper than the U.S. average?

At 14.12¢/kWh, New Mexico is 23% below the U.S. average of 18.44¢/kWh — the EIA's U.S.-total residential price — which places New Mexico in the low rate tier.

More about electricity in New Mexico

Why prices vary by state · Common questions · 1,000 kWh bill · 1,500 kWh bill

Methodology & data

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 use the EIA all-in average residential rate — energy, delivery, fixed charges, and utility fees together, not just the electricity itself. Fees are inside the rate, not an extra on top; how your own bill splits fixed versus per-kWh charges varies by utility.

Full methodology · Data policy · Source data

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