US PowerGrade

The average electric bill in New Mexico

New Mexico households paid $94.65 a month for electricity in 2025, at 14.85¢ per kilowatt-hour for 638 kWh a month. That is 36% below the national median, and ranks #51 of 51 states, most expensive first.

Monthly bill
$94.65
US median $147.18
Price
14.85¢
per kWh · US 15.39¢
Usage
638
kWh per month
Households
946,309
residential accounts

What each New Mexico utility charges, most expensive first

Southwestern Electric Coop Inc - (NM) charges 25.31¢ per kWh and Central Valley Elec Coop, Inc charges 9.79¢ — 2.6× apart inside one state. You do not usually get to choose between them; your address does.

#UtilityPriceTypical billvs US median
1Southwestern Electric Coop Inc - (NM)Cooperative · 1,435 homes25.31¢per kWh$134.52532 kWh/mo1.83× dearer
2Springer Electric Coop, IncCooperative · 2,423 homes21.96¢per kWh$107.79491 kWh/mo1.59× dearer
3Otero County Electric Coop IncCooperative · 16,517 homes19.56¢per kWh$109.54560 kWh/mo1.41× dearer
4Central New Mexico El Coop, IncCooperative · 19,323 homes17.39¢per kWh$100.83580 kWh/mo1.26× dearer
5Continental Divide El Coop IncCooperative · 20,474 homes16.87¢per kWh$99.89592 kWh/mo1.22× dearer
6Navajo Tribal Utility AuthorityState · 9,768 homes16.44¢per kWh$85.73521 kWh/mo1.19× dearer
7Public Service Co of NMInvestor Owned · 496,914 homes16.35¢per kWh$90.82555 kWh/mo1.18× dearer
8Jemez Mountains Elec Coop, IncCooperative · 28,185 homes15.76¢per kWh$89.84570 kWh/mo1.14× dearer
9Kit Carson Electric Coop, IncCooperative · 26,286 homes15.68¢per kWh$77.55495 kWh/mo1.13× dearer
10Navopache Electric Coop, IncCooperative · 1,500 homes15.10¢per kWh$68.17451 kWh/mo1.09× dearer
11Los Alamos County - (NM)Municipal · 8,395 homes14.79¢per kWh$93.19630 kWh/mo1.07× dearer
12Farmers Electric Coop, Inc - (NM)Cooperative · 10,310 homes13.68¢per kWh$111.99819 kWh/mo1.01× cheaper
13Roosevelt County Elec Coop IncCooperative · 3,898 homes13.54¢per kWh$138.601,023 kWh/mo1.02× cheaper
14City of Farmington - (NM)Municipal · 36,031 homes12.95¢per kWh$84.33651 kWh/mo1.07× cheaper
15Southwestern Public Service CoInvestor Owned · 101,203 homes12.86¢per kWh$125.11973 kWh/mo1.08× cheaper
16Lea County Electric Coop, Inc - (NM)Cooperative · 7,292 homes11.03¢per kWh$118.701,076 kWh/mo1.25× cheaper
17El Paso Electric CoInvestor Owned · 97,258 homes10.34¢per kWh$74.30718 kWh/mo1.34× cheaper
18Central Valley Elec Coop, IncCooperative · 6,167 homes9.79¢per kWh$112.391,149 kWh/mo1.41× cheaper

Price is residential revenue divided by residential kilowatt-hours sold, for bundled service only. Typical bill is that utility’s residential revenue spread over its residential accounts and twelve months, not a quoted tariff. The median priced utility charges 13.84¢ per kWh.

Price is only half of it

The median New Mexico utility also leaves customers without power for 3.3 hours a year. A cheap utility that is out for two days a year is not obviously a bargain. See New Mexico utilities ranked by outage time, or the utilities that charge the most and deliver the least.

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