New Mexico Electricity Utilities & Rates

35 electric utilities serve New Mexico · EIA Form 861 2025, with monthly prices through August 2026

Utilities

Customers

1,159,720

Electricity sold

32,166 GWh

Residential rate (2025)

14.85¢

Avg residential bill

$95/mo

Residential price (August 2026)

16.51¢

Average New Mexico electricity prices, 2025

Customer class	Avg price	Avg monthly use	Avg monthly bill
Residential	14.85¢	638 kWh	$94.65
Commercial	11.01¢	5,266 kWh	$579.54
Industrial	5.85¢	133,526 kWh	$7,807.96

EIA Form 861 average-bill tables for 2025: total class revenue divided by sales and customers as filed. Prices are average realized rates, blending fixed and variable charges - not any single tariff.

Latest monthly prices (EIA-861M, preliminary)

Period	Residential	Commercial	Industrial	All sectors
August 2026	16.51¢	12.14¢	5.08¢	10.08¢
2026 year-to-date	15.34¢	10.96¢	5.19¢	9.13¢

Electric utilities serving New Mexico

Utility	Ownership	Customers in state	Sales (GWh)	Residential rate
Public Service Co of NM	Investor Owned	556,585	10,045	16.35¢
Southwestern Public Service Co	Investor Owned	128,335	12,729	12.86¢
El Paso Electric Co	Investor Owned	110,178	1,829	10.34¢
Adjustment 2025		57,512	962	17.06¢
City of Farmington - (NM)	Municipal	45,167	889	12.95¢
Jemez Mountains Elec Coop, Inc	Cooperative	31,792	362	15.76¢
Kit Carson Electric Coop, Inc	Cooperative	31,076	289	15.68¢
Continental Divide El Coop Inc	Cooperative	23,458	484	16.87¢
Central New Mexico El Coop, Inc	Cooperative	21,230	266	17.39¢
Otero County Electric Coop Inc	Cooperative	20,763	200	19.56¢
Central Valley Elec Coop, Inc	Cooperative	14,927	941	9.79¢
Farmers Electric Coop, Inc - (NM)	Cooperative	13,737	370	13.68¢
Socorro Electric Coop, Inc	Cooperative	13,194	178	—
Mora-San Miguel Elec Coop	Cooperative	11,604	83.7	—
Lea County Electric Coop, Inc - (NM)	Cooperative	11,212	694	11.03¢
City of Gallup - (NM)	Municipal	10,897	185	—
Navajo Tribal Utility Authority	State	10,857	125	16.44¢
Los Alamos County - (NM)	Municipal	9,299	515	14.79¢
Roosevelt County Elec Coop Inc	Cooperative	6,004	137	13.54¢
Sierra Electric Coop, Inc	Cooperative	4,469	47.7	—
Raton Public Service Company	Municipal	4,275	38.3	—
City of Truth or Consequences - (NM)	Municipal	4,066	50.7	—
Sunrun Inc.	Behind the Meter	3,302	24.9	17.09¢
Northern Rio Arriba E Coop Inc	Cooperative	3,266	26.4	—
City of Aztec - (NM)	Municipal	3,169	41.7	—
Springer Electric Coop, Inc	Cooperative	3,054	205	21.96¢
Southwestern Electric Coop Inc - (NM)	Cooperative	2,279	274	25.31¢
Navopache Electric Coop, Inc	Cooperative	1,728	11.9	15.10¢
Tesla Inc.	Behind the Meter	1,119	13.5	15.59¢
Town of Springer - (NM)	Municipal	718	5.1	—
Rio Grande Electric Coop, Inc	Cooperative	317	2.4	18.66¢
Palmetto Solar, LLC	Behind the Meter	107	1.7	16.01¢
Tri-County Electric Coop, Inc (OK)	Cooperative	13	0.0	31.43¢
Ahana Renewables, LLC	Behind the Meter	7	6.6	—
WAPA-- Western Area Power Administration	Federal	4	134	—

Cheapest residential electricity in New Mexico (2025)

Central Valley Elec Coop, Inc - 9.79¢
El Paso Electric Co - 10.34¢
Lea County Electric Coop, Inc - (NM) - 11.03¢
Southwestern Public Service Co - 12.86¢
City of Farmington - (NM) - 12.95¢
Roosevelt County Elec Coop Inc - 13.54¢
Farmers Electric Coop, Inc - (NM) - 13.68¢
Los Alamos County - (NM) - 14.79¢
Navopache Electric Coop, Inc - 15.10¢
Kit Carson Electric Coop, Inc - 15.68¢

Source: U.S. Energy Information Administration, Forms EIA-861 (2025) and EIA-861M (monthly, preliminary).