US Energy Price Monitorby KadoaUpdated weeklyStar on GitHub

NewInsight: Investor-owned utilities charge 23% more for power

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Electricity prices in New Mexico

What homes in New Mexico pay for electricity, from EIA.

Headlines

Average price
15.3¢ a kWh
Up 5.0% on a year ago
Average bill
$100 a month
Up 5.9% on a year ago
Average use
653 kWh
A month. US 875 kWh
Price rank
31 of 51
1 is the most expensive

Over the 12 months to August 2026, New Mexico homes paid 15.3¢ a kWh, against a US average of 18.0¢.

New Mexico vs the US

New MexicoUS
Average price, 12 months to August 202615.3¢18.0¢
Price in August 202616.5¢18.2¢
Average monthly bill, 12 months$100$158
Bill in August 2026$162$209
Average monthly use653 kWh875 kWh
Price change, past year+5.0%+6.5%
Price change since 2019+22%+39%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Source: EIA Electric Power Monthly. Revenue over kilowatt-hours sold, including fixed charges.

Average monthly bill

What an average home pays a month. Bills peak in summer and winter.

Up to and including August 2026

Source: EIA Electric Power Monthly. EIA's own method for its average bill table.

Natural gas price

Average residential price a thousand cubic feet, by month. Summer prices are high because fixed charges are spread over little gas.

Up to and including July 2026

Source: EIA Natural Gas Monthly.

Utilities in New Mexico

Past 12 months, utilities with 10,000 homes or more. These utilities serve 79% of homes in New Mexico; smaller utilities serve the rest.

Public Service Co of NMInvestor-owned17.0¢+6.2%$95501,037
Xcel Energy (Southwestern Public Service)Investor-owned12.3¢-3.1%$120102,020
El Paso ElectricInvestor-owned10.1¢+0.9%$7698,892
City of FarmingtonMunicipal13.1¢+2.2%$8436,590