Energy Calculators

Electricity rates in New Mexico

The average residential electricity price in New Mexico was 16.51¢/kWh in August 2026, 9.1% below the U.S. average of 18.16¢/kWh (EIA).

Average price (Aug 2026)
16.51¢/kWh
Change vs Aug 2025
+3.3%+0.53¢/kWh
Rank (1 = most expensive)
25thof 51
vs U.S. average
−9.1%−1.65¢/kWh

New Mexico residential electricity price, last 12 months

New Mexico vs U.S. average residential electricity price, last 12 monthsNew Mexico: 16.3¢ in Sep 2025, 16.5¢ in Aug 2026. Low 14.1¢, high 16.5¢.12.0¢14.0¢16.0¢18.0¢20.0¢Nov 2025Feb 2026May 2026Aug 2026
· cents per kWh
Show data table
MonthNew MexicoU.S. average
Aug 202616.5¢18.2¢
Jul 202616.1¢18.3¢
Jun 202615.1¢18.4¢
May 202614.1¢18.4¢
Apr 202615.2¢18.9¢
Mar 202614.8¢18.6¢
Feb 202615.1¢17.6¢
Jan 202614.7¢17.4¢
Dec 202514.5¢17.1¢
Nov 202515.4¢17.8¢
Oct 202514.7¢17.9¢
Sep 202516.3¢18.1¢

Source: U.S. Energy Information Administration (Aug 2026). Retrieved November 5, 2026. About our data

What common appliances cost to run in New Mexico

Worked examples at 16.51¢/kWh, the August 2026 average:

  • Running a 1,500 W space heater 6 hours a day for 30 days uses 270 kWh and costs about $44.58.
  • Running a 3,500 W central air conditioner 8 hours a day for 30 days uses 840 kWh and costs about $138.68.
  • Running a refrigerator using 500 kWh per year uses 500 kWh and costs about $82.55 a year.

Try your own appliance in the appliance cost calculator.

Typical monthly use and bill

New Mexico residential customers used an average of 638 kWh a month in 2025 (EIA annual data). At 16.51¢/kWh, that works out to about $105.33 a month.

States with similar prices

Compare all 50 states and DC

Frequently asked questions

Is electricity expensive in New Mexico?

New Mexico ranked 25th most expensive of 51 (50 states and DC) in August 2026, at 16.51¢/kWh versus the U.S. average of 18.16¢/kWh.

How have New Mexico electricity prices changed over the past year?

The average residential price rose from 15.98¢/kWh in August 2025 to 16.51¢/kWh in August 2026, a change of +3.3%.

What is a typical electric bill in New Mexico?

Residential customers in New Mexico used an average of 638 kWh a month in 2025. At 16.51¢/kWh that is about $105.33 a month. Use the electric bill calculator for your own usage.

Why might my New Mexico rate differ from this average?

The state average blends every utility, rate plan and fixed charge in the state. Utilities, co-ops and municipal providers set different tariffs, and time-of-use or tiered plans change the price of each kWh. Divide your bill total by your kWh for your own average rate.

Data last updated: