Average Electric Bill in New Mexico
Residential · 12-month average, September 2025 – August 2026.
That works out to about $1,214 a year. Among the 50 states and DC, New Mexico has the 51st highest average residential bill.
EIA withheld residential sales for New Mexico in April 2026, May 2026 and June 2026, so usage for those months is calculated from EIA's revenue and price.
Data current through August 2026 — the latest available from the U.S. EIA, which publishes monthly figures on a roughly two-month delay.
What makes up the bill
Price × usage = bill, exactly: 15.37¢/kWh × 658 kWh ≈ $101. A state can land high on either factor — New Mexico is below the U.S. average on both.
Compared with nearby states
| New Mexico | $101 | |
|---|---|---|
| U.S. average | $158 | |
| Texas | $179 | |
| Arizona | $163 | |
| Oklahoma | $148 | |
| Colorado | $114 | |
| Utah | $105 |
New Mexico is $57 a month below (-36.1%) the U.S. average of $158. Neighboring states share fuel mixes, weather, and often a grid operator, which makes them a closer benchmark than the national average.
Trend since 2008
Each point is a trailing 12-month average, which strips out the summer/winter swing and leaves the underlying trend. Bills start in January 2008 because that is when EIA began reporting customer counts.
Seasonal swing
- Highest month
- $162
- August 2026
- Lowest month
- $74
- April 2026
- Swing
- $89
- peak minus low
- Latest month
- $162
- August 2026
Actual bills are far from flat: New Mexico peaks in August 2026 and bottoms out in April 2026. The headline figure above is the average across all twelve months.
New Mexico electricity bills in context
The average monthly electricity bill in New Mexico from September 2025 through August 2026 is $101, making it the least expensive in the nation among the 50 states and DC. This bill sits $57 below the national average of $158, a gap driven by both a lower price and lower usage. New Mexico's rate of 15.37¢/kWh runs 2.70¢/kWh below the national average of 18.07¢/kWh, while homes there use 658 kWh per month against a national average of 876 kWh, pulling the bill down further.
Over the past year, the average bill rose 4.3% from $97 in the twelve months ending August 2025. The longer view shows steeper growth: since August 2021, the bill has climbed 15.2% from $88, and since December 2008, it has risen 60% from $63. Seasonally, bills swing sharply between a low of $74 in April 2026 and a peak of $162 in August 2026—a range of $88 around the yearly average.
Among bordering states, New Mexico's bill undercuts all five neighbors. Utah at $105 and Colorado at $114 stand closest, while Oklahoma sits at $148, Arizona at $163, and Texas at $179, each notably higher than New Mexico's.
Written from the EIA figures on this page, covering data through August 2026.
Frequently asked questions
›How much is the average electric bill in New Mexico?
›Is the electric bill in New Mexico higher than the national average?
›Why is electricity relatively cheap in New Mexico?
›When is the electric bill highest in New Mexico?
›How does New Mexico compare with neighboring states?
How this is calculated
EIA’s retail-sales dataset reports, for every state and month, total residential revenue and the number of residential customers served. The average monthly bill is simply the first divided by the second — total spending across all households, spread evenly over all accounts.
bill = revenue ÷ customers · averaged over 12 months (September 2025 – August 2026)
Two caveats worth knowing. It is an average, so it blends apartments with large houses — a typical household in New Mexico may pay well above or below $101. And it counts what was actually billed for electricity, including fixed service charges, so it is not the same as multiplying your own usage by the advertised rate.
Looking for the rate rather than the bill? See New Mexico electricity prices by sector.