US Energy Price Monitorby KadoaUpdated weeklyStar on GitHub

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

New Mexico

Public Service Co of NM electricity rates

What homes pay Public Service Co of NM for electricity, from EIA.

Investor-owned utility, 501,037 homes in New Mexico. EIA lists it as Public Service Co of NM.

Headlines

Average price
17.0¢ a kWh
Up 6.2% on a year ago
Average bill
$95 a month
Up 4.4% on a year ago
Average use
558 kWh
A month. New Mexico 653 kWh
Price rank in New Mexico
1 of 4
1 is the most expensive

Over the 12 months to August 2026, Public Service Co of NM homes paid 17.0¢ a kWh, against 15.3¢ across New Mexico.

Public Service Co of NM vs New Mexico

Public Service Co of NMNew Mexico
Average price, 12 months to August 202617.0¢15.3¢
Price in August 202618.8¢16.5¢
Average monthly bill, 12 months$95$100
Bill in August 2026$159$162
Average monthly use558 kWh653 kWh
Price change, past year+6.2%+5.0%
Price change since 2019+28%+22%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Source: EIA-861M monthly utility survey. Revenue over kilowatt-hours sold, including fixed charges.

Average monthly bill

What an average home pays a month.

Up to and including August 2026

Source: EIA-861M monthly utility survey.