Electricity rates in New Mexico

Average residential price, typical bill and appliance running costs in New Mexico, from official U.S. Energy Information Administration data.

Official EIA data · August 2026

Average rate, August 2026

16.51¢

per kWh

vs U.S. average

−9.1%

U.S.: 18.16¢

vs a year ago

+3.3%

was 15.98¢

Rank (1 = priciest)

#25 of 51

50 states + DC

What your kWh cost in New Mexico

Electricity used

kWh

Monthly kWh from your bill. 863 kWh is the 2024 U.S. household average.

Electricity rate

EIA average residential price, August 2026. Your bill shows your exact rate.

Energy cost

$107.98

654 kWh × 16.51¢ (New Mexico average)

Per kWh: $0.1651
Per 100 kWh: $16.51
Per 1,000 kWh: $165.10

Average electric bill in New Mexico

2024 (EIA)	New Mexico	U.S.
Monthly use	654 kWh	863 kWh
Average price	14.20¢	16.48¢
Monthly bill	$92.88	$142.26
Residential customers	936,098	143,144,185

At the August 2026 rate, the average New Mexico household's 654 kWh would cost about $107.98 a month.

What appliances cost to run in New Mexico

Yearly cost at 16.51¢/kWh. Where marked, the kWh are the average for homes with that appliance in the Mountain South region (EIA RECS 2020); the rest use the example settings on each appliance's page.

Appliance	kWh per year	Cost per year
Space heater	4,320	$713.23
Central air conditioner *	4,276	$705.97
Electric car *	2,700	$445.77
Electric water heater *	2,340	$386.33
Pool pump *	2,209	$364.71
Window air conditioner	2,095	$345.81
Hot tub *	1,831	$302.30
Dehumidifier *	1,001	$165.27
Electric clothes dryer *	670	$110.62
Refrigerator *	655	$108.14
Light bulbs *	633	$104.51
Chest or upright freezer *	577	$95.26
Electric oven *	267	$44.08
Ceiling fan *	246	$40.61
TV *	222	$36.65
Microwave *	114	$18.82

* Regional average from the EIA Residential Energy Consumption Survey.

Where New Mexico ranks

New Mexico is #25 of 51 by average residential rate in August 2026 (1 = most expensive). It is highlighted on the map.

¢ per kWh 12.7–14.4 14.4–15.9 15.9–17.2 17.2–24.5 24.5–47.2

Rate history

Period	New Mexico	U.S.
August 2026	16.51¢	18.16¢
August 2025	15.98¢	17.57¢
Year to date through August 2026	15.34¢	18.19¢
Same period a year earlier	14.68¢	17.03¢
2024 annual average	14.20¢	16.48¢

Nearby states (Mountain South)

State	Rate (August 2026)	Avg. bill (2024)
Arizona	15.05¢	$160.24
Nevada	12.72¢	$139.39

See electricity rates in all 50 states.

Quick answers

What is the average electricity rate in New Mexico?

The average residential price in New Mexico was 16.51¢ per kWh in August 2026, according to the U.S. Energy Information Administration. That is −9.1% versus the U.S. average of 18.16¢ and ranks #25 of 51 (1 = most expensive).

What is the average electric bill in New Mexico?

In 2024, the average New Mexico household used 654 kWh a month and paid $92.88 a month (EIA). At the August 2026 rate, the same usage would cost about $107.98.

Are electricity prices going up in New Mexico?

The August 2026 average of 16.51¢/kWh compares with 15.98¢ a year earlier (+3.3%). For the year to date through August 2026, the average was 15.34¢, +4.5% versus the same period last year. Prices also change with the season, so compare the same month year over year.

Why is my rate different from the New Mexico average?

The EIA average is total residential revenue divided by kWh sold in the state. Your rate depends on your utility, your plan (fixed, variable or time-of-use) and fixed monthly charges, which weigh more per kWh in low-usage months.

Sources

Last reviewed November 2, 2026. Rates refreshed automatically when EIA publishes a new month.

More calculators

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Average residential price per kWh in every state, updated monthly from the EIA.

Electricity Cost Calculator

What any device costs per hour, day, month and year from its wattage.

kWh to Dollars Calculator

Turn the kWh on your bill into dollars at your state's rate.

See everything

These are estimates. State rates are EIA averages (total residential revenue ÷ kWh sold), so they include fixed monthly charges spread across usage; your own price per kWh, time-of-use rates and taxes can differ. Real appliance use depends on the model, settings, climate and habits.