New Mexico

Residential electricity rates · latest Apr 2026

Avg monthly bill

$74

⚾ The monthly tab

Typical residential bill — $6 lower than the 2019 average.

Residential rate

15.2¢

⚾ Price per kWh

Cents per kilowatt-hour. +21% vs. the 2019 average.

National rank

47th

⚾ League rank

Fastest-rising residential rate since 2019, of 51 states.

Home vs. industry

15.2¢ / 6.3¢

⚾ Home vs. away

Homes pay 15.2¢/kWh; large industry pays 6.3¢/kWh — 142% more for households.

Your rate vs. grid demand

Public Service Co. of New Mexico demand · New Mexico rate

Amber = the grid region's average demand (GW, left). Red = the state's residential rate (¢/kWh, right). The rate line ends a couple months early because EIA reports retail data on a lag.

Homes vs. industry

New Mexico · ¢/kWh

What households pay (red) vs. large industrial users (dashed). The shaded band is the gap — the affordability story behind data-center load growth.

Most of New Mexico's power runs through Public Service Co. of New Mexico, where grid demand rose 5% over the same period — a signature of the always-on, data-center-driven load reshaping the grid.

EIA derives the rate as revenue ÷ electricity sold — a proxy, not a surveyed tariff. Rates rise for many reasons (fuel costs, grid upgrades, storms), not data centers alone, so this shows correlation, not causation. Note the rate is a statewide residential average while the demand is the regional grid operator's — related, but not the same geography.