US Energy Price Monitorby KadoaUpdated weeklyStar on GitHub

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

New Mexico

Xcel Energy (Southwestern Public Service) electricity rates

What homes pay Xcel Energy (Southwestern Public Service) for electricity, from EIA.

Investor-owned utility, 102,020 homes in New Mexico. EIA lists it as Southwestern Public Service Co.

Headlines

Average price
12.3¢ a kWh
Down 3.1% on a year ago
Average bill
$120 a month
Down 3.4% on a year ago
Average use
974 kWh
A month. New Mexico 653 kWh
Price rank in New Mexico
3 of 4
1 is the most expensive

Over the 12 months to August 2026, Xcel Energy (Southwestern Public Service) homes paid 12.3¢ a kWh, against 15.3¢ across New Mexico.

Xcel Energy (Southwestern Public Service) vs New Mexico

Xcel Energy (Southwestern Public Service)New Mexico
Average price, 12 months to August 202612.3¢15.3¢
Price in August 202613.0¢16.5¢
Average monthly bill, 12 months$120$100
Bill in August 2026$183$162
Average monthly use974 kWh653 kWh
Price change, past year-3.1%+5.0%
Price change since 2019+27%+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.