Data current through August 2026 — the latest available from the U.S. EIA, which publishes monthly figures on a roughly two-month delay.
Average monthly bill
Full bill breakdown →15.37¢/kWh × 658 kWh a month. Residential revenue divided by residential customers, averaged over the 12 months to August 2026 — the 51st highest among the 50 states and DC.
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.
Compared with the U.S. and neighboring states
How New Mexico makes its electricity
Fuel mix & trend since 2001 →Power plants →| Source | Share | Generation |
|---|---|---|
| Natural gas | 25.1% | 11,496 GWh |
| Coal | 20.4% | 9,332 GWh |
| Nuclear | 0.0% | 0 GWh |
| Wind | 37.4% | 17,156 GWh |
| Solar | 16.9% | 7,730 GWh |
| Hydro | 0.0% | 0 GWh |
| Other | 0.3% | 126 GWh |
45.8 TWh of net generation over the 12 months to August 2026. Generation, not consumption — power crosses state lines.
New Mexico electricity prices in context
New Mexico's residential electricity rate stood at 16.51¢/kWh in August 2026. That places it 25th most expensive among the 50 states and DC. The rate ran 1.65¢/kWh below the US average of 18.16¢/kWh, a difference of 9.1%. Among bordering states, only Colorado at 17.17¢/kWh was costlier; Texas at 15.91¢/kWh, Arizona at 15.05¢/kWh, Oklahoma at 14.82¢/kWh, and Utah at 13.31¢/kWh all charged less. Commercial and industrial rates were 12.14¢/kWh and 5.08¢/kWh respectively.
Over five years, since August 2021, the residential rate climbed 14.5% from 14.42¢/kWh. Over twenty years, since August 2006, it rose 77.5% from 9.30¢/kWh. Since records began in January 2001, the increase totalled 106.9% from 7.98¢/kWh. The rate's all-time high was 16.52¢/kWh in September 2025, just above the August 2026 level; its record low was 7.41¢/kWh in February 2002.
The average residential bill in the state was $101 per month based on usage of 658 kWh. Nationally, the average bill was $158 on usage of 876 kWh. New Mexico households used considerably less electricity than the national average, which pulled the bill well below the national figure despite a rate 9.1% under the national mean.
Written from the EIA figures on this page, covering data through August 2026.
12-month trend
Price history since 2001
Average retail price in all three sectors, every month since January 2001.
Residential
- Jan '01
- 7.98¢
- Now
- 16.51¢
- Change
- ▲ 106.9%
- Range
- 7.41–16.52¢
Recent months
| Month | Residential | Commercial | Industrial |
|---|---|---|---|
| August 2026 | 16.51 | 12.14 | 5.08 |
| July 2026 | 16.09 | 11.90 | 4.16 |
| June 2026 | 15.06 | 10.82 | 4.62 |
| May 2026 | 14.12 | 10.18 | 4.45 |
| April 2026 | 15.15 | 11.08 | 6.23 |
| March 2026 | 14.81 | 9.76 | 5.84 |
| February 2026 | 15.07 | 10.46 | 5.65 |
| January 2026 | 14.70 | 10.75 | 5.72 |
| December 2025 | 14.66 | 10.78 | 5.13 |
| November 2025 | 15.61 | 10.89 | 5.37 |
| October 2025 | 14.95 | 10.38 | 5.53 |
| September 2025 | 16.52 | 12.34 | 6.31 |
Prices in ¢/kWh.