Full service
16.35¢
per kWh, 2025 average revenue
$90.82 / month at 555 kWh
Price +5.0% from 2024
Investor Owned · 496,914 residential customers · New Mexico
Why is my Public Service Co of NM electric bill so high?
EIA respondent: Public Service Co of NM. Reviewed October 14, 2026.
In 2025, Public Service Co of NM reported 496,914 residential full service customers under the EIA name Public Service Co of NM. Average revenue was 16.35¢ per kWh. The average monthly bill in that filing was $90.82 for 555 kWh.
16.35¢ is above New Mexico's 2025 statewide residential average of 14.85¢. In July 2026 the state residential price was 16.09¢, versus 15.80¢ a year earlier (+1.8%). The utility number is a 2025 annual average. The state number is one later month. They answer different questions.
From 2024 to 2025, the average monthly bill for full service changed +1.6%. Average use changed −3.3% and average price changed +5.0%. Holding the 2024 price fixed, the usage change accounts for −$2.94 a month. The price change, applied to 2025 usage, accounts for $4.35.
EIA Form 861, 2025 final · Reviewed October 14, 2026
EIA Electric Power Monthly, Table 5.6.A · Reviewed October 14, 2026
The rate on the record
Investor-owned base rates are usually set in a state docket. Riders can change outside a full rate case. Average revenue per kilowatt-hour is total residential revenue divided by residential sales. It is not a tariff schedule.
| Service | Customers | Price | Monthly use | Monthly bill | Vs 2024 price |
|---|---|---|---|---|---|
| Full service | 496,914 | 16.35¢ | 555 kWh | $90.82 | +5.0% |
EIA-861 sales to ultimate customers, 2025 final, compared with 2024 · Reviewed October 14, 2026
Audit the full service average
Revenue 541,563.6 thousand dollars. Sales 3,311,808 MWh. Customers 496,914. Cents per kWh = revenue ÷ megawatt-hours × 100. Monthly bill = revenue × 1,000 ÷ customers ÷ 12.
Why a Public Service Co of NM bill moved
Usage and price pulled in opposite directions
Hold a Public Service Co of NM household to the filing average and the monthly full service bill changed +1.6% between those two EIA years. Holding the 2024 price fixed, the usage change of −3.3% is worth −$2.94 a month. The price change of +5.0%, from 15.57¢ to 16.35¢, is worth $4.35 on 2025 usage.
Above the New Mexico average
16.35¢ per kWh is above New Mexico's 2025 residential average of 14.85¢. July 2026 in the state was 16.09¢, versus 15.80¢ a year earlier (+1.8%). The utility figure is a full year of average revenue. The state figure is one later month. A household that uses more than 555 kWh will not land on $90.82.
One full-service average
496,914 residential customers were on Public Service Co of NM full service in 2025, at 16.35¢ per kWh. That average folds in the customer charge and whatever riders the utility booked as residential revenue. It is not the last block on a tiered tariff.
Season
Public Service Co of NM customers in New Mexico average 555 kWh a month across the whole year, against a statewide residential average of 638 kWh. Summer afternoons do not look like that average. An air conditioner, a pool pump, or a hotter month can move the bill before any rider does.
Time-of-use is already on the EIA schedule
EIA's 2025 dynamic-pricing file shows residential time-of-use activity at Public Service Co of NM, with 4,970 residential customers enrolled in dynamic pricing. The expensive window is in the tariff, not in that enrollment count. Shifting a dishwasher or an EV charger only helps if you are actually on that schedule.
EIA-861 2025 and 2024 residential sales · Reviewed October 14, 2026
Rate cases and hikes
Needs verification No rate case for Public Service Co of NM has been reviewed for this page. Orders and pending dockets are public at New Mexico Public Regulation Commission. 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 · Reviewed October 14, 2026
Assistance
LIHEAP is the federal bill program, and the state contact list is the place to start. A Public Service Co of NM income discount, medical baseline, or budget-billing rule was not retrieved from New Mexico Public Regulation Commission. That offer needs verification.
LIHEAP program · State and territory contacts · Public Service Co of NM site
The company homepage is linked for navigation. Program rules on that site were not reviewed. Needs verification.
LIHEAP · Reviewed October 14, 2026
How to lower the bill
- Read the kilowatt-hours against this filing's average of 555 kWh a month. If your use is the thing that moved, the dollar total can rise on an unchanged rate.
- On the statement, separate the base energy charge from fuel or rider lines. A rider can move the total in a month when no new base-rate order exists.
- In New Mexico, the expensive hours are late afternoon and early evening in summer. Raise the cooling setpoint when you are out, and run the dryer, the dishwasher, and any pool pump outside those hours if your tariff charges more then.
- Start with LIHEAP for New Mexico (https://www.acf.hhs.gov/ocs/map/liheap-map-state-and-territory-contact-listing). A Public Service Co of NM discount beyond that program needs verification.
- 4,970 residential customers were already on a dynamic price in the 2025 EIA file. If you are one of them, the window on the tariff is the lever. If you are not, calling the utility to discuss the schedule is the first step, not shifting load you are not being charged extra for.
- If the read is marked estimated, the next actual read can true the account up or down. The tariff rule for that true-up needs verification.
Full service at the 2025 average price
| Monthly use | Estimated bill |
|---|---|
| 500 kWh | $81.75 |
| 750 kWh | $122.63 |
| 1,000 kWh | $163.50 |
| 1,500 kWh | $245.25 |
| 2,000 kWh | $327.00 |
Usage times the average price. At very low use, a real bill is often higher because a fixed customer charge does not shrink. The tariff needs verification.
Questions people ask
Why is my Public Service Co of NM electric bill so high?
In 2025, Public Service Co of NM reported 496,914 residential full service customers under the EIA name Public Service Co of NM. Average revenue was 16.35¢ per kWh. The average monthly bill in that filing was $90.82 for 555 kWh. 16.35¢ is above New Mexico's 2025 statewide residential average of 14.85¢. In July 2026 the state residential price was 16.09¢, versus 15.80¢ a year earlier (+1.8%). The utility number is a 2025 annual average. The state number is one later month. They answer different questions. From 2024 to 2025, the average monthly bill for full service changed +1.6%. Average use changed −3.3% and average price changed +5.0%. Holding the 2024 price fixed, the usage change accounts for −$2.94 a month. The price change, applied to 2025 usage, accounts for $4.35.
What was Public Service Co of NM's average residential rate?
Using 2025 EIA-861 revenue and sales, the full service average was 16.35¢ per kWh. Average use was 555 kWh a month and the average bill was $90.82. This folds in whatever customer charges and riders the utility reported. It is not the marginal rate on your tariff.
Did Public Service Co of NM raise rates?
The full service average price changed +5.0% from 2024 to 2025, from 15.57¢ to 16.35¢. That is average revenue per kilowatt-hour, not a commission order. No 2025–2026 order for this utility was retrieved for this page. A separate rider can still move a single month.
What bill assistance can Public Service Co of NM customers ask about?
LIHEAP is the federal program for home energy bills (https://www.acf.hhs.gov/ocs/programs/liheap). Public Service Co of NM may also offer an income-qualified discount, budget billing, or a medical baseline. The current offer, income cutoff, and how to apply need verification on the utility site and with the state LIHEAP office and New Mexico Public Regulation Commission.
Are data centers why this bill went up?
Large computing load is raising U.S. electricity demand, and regulators can later recover new generation and wires costs from customers. EIA has not published a dollar line that isolates data centers on this utility's residential bill. That pass-through needs verification.