State average · reviewed October 14, 2026

Why are New Mexico electric bills so high?

In July 2026 the average residential price in New Mexico was 16.09¢ per kWh, compared with 15.80¢ in July 2025 (+1.8%). The 2025 average monthly bill was $94.65 for 638 kWh. A single household can sit far from those averages because of usage, a rider, or a different utility.

EIA Electric Power Monthly, Table 5.6.A · Reviewed October 14, 2026

EIA-861 2025 average bill · Reviewed October 14, 2026

July 2026: 16.09¢; +1.8% vs July 2025
2025 average bill: $94.65; 638 kWh a month
2025 average price: 14.85¢; 946,309 residential customers

Full service and delivery

Among distribution utilities in this extract, delivery-only residential customers were 0.0% of bundled plus delivery customers. A high share means many households buy energy from someone else. A low share means most reported customers are still full service. This is not a legal map of retail choice. Needs verification for a specific address.

Calculated from EIA-861 2025 residential customer counts · Reviewed October 14, 2026

Utilities

Utility	Customers	Average shown	Price
Public Service Co of NM	496,914	Full service	16.35¢
El Paso Electric	417,578	Full service	13.01¢
Xcel Energy Southwest	324,888	Full service	13.59¢
Navopache Electric Coop	42,295	Full service	13.52¢
Navajo Tribal Utility Authority	38,553	Full service	16.41¢
City of Farmington	36,031	Full service	12.95¢
Jemez Mountains Elec Coop	28,185	Full service	15.76¢
Kit Carson Electric Coop	26,286	Full service	15.68¢
Continental Divide El Coop	20,474	Full service	16.87¢
Central New Mexico El Coop	19,323	Full service	17.39¢
Otero County Electric Coop	16,517	Full service	19.56¢
Tri-County Electric Coop, Inc (OK)	16,423	Full service	15.95¢
Farmers Electric Coop	10,310	Full service	13.68¢
Rio Grande Electric Coop	9,603	Full service	18.29¢
Lea County Electric Coop	9,498	Full service	10.93¢
Los Alamos County	8,395	Full service	14.79¢
Central Valley Elec Coop	6,167	Full service	9.79¢
Roosevelt County Elec Coop	3,898	Full service	13.54¢
Springer Electric Coop	2,423	Full service	21.96¢
Southwestern Electric Coop	1,451	Full service	25.26¢

No residential customers in the 2025 extract

These 12 EIA respondents touch New Mexico and reported no residential sales in the files used here. Their profiles stay online so an old link does not 404, and they are left out of the sitemap so they are not indexed as thin pages.

City of Aztec - (NM) · Municipal
City of Gallup - (NM) · Municipal
City of Truth or Consequences - (NM) · Municipal
Columbus Electric Coop, Inc · Cooperative
Duncan Valley Elec Coop, Inc · Cooperative
Mora-San Miguel Elec Coop · Cooperative
Northern Rio Arriba E Coop Inc · Cooperative
Raton Public Service Company · Municipal
Sierra Electric Coop, Inc · Cooperative
Socorro Electric Coop, Inc · Cooperative
Town of Springer - (NM) · Municipal
WAPA-- Western Area Power Administration · Federal

A bill at the July 2026 state average

Monthly use	At 16.09¢/kWh
500 kWh	$80.45
750 kWh	$120.68
1,000 kWh	$160.90
1,500 kWh	$241.35
2,000 kWh	$321.80

This uses the statewide average, not your utility's tariff. Fixed charges make low-use bills diverge. Needs verification against the bill.

Regulator and assistance

Investor-owned base rates are usually set in a public docket. Municipal and cooperative rates may be set by a city or a co-op board instead. Which body sets this utility's rates needs verification.

New Mexico Public Regulation Commission

LIHEAP contacts for New Mexico are on the federal list. A utility's own discount needs verification.