New Mexico Electricity Rates
The average residential electricity price in New Mexico is 14.85¢/kWh (2026 YTD (through March)) — 17% below the US average. Real EIA public-domain data.
| Sector | New Mexico (¢/kWh) | US avg |
|---|---|---|
| Residential | 14.85 | 17.83 |
| Commercial | 10.32 | 13.97 |
| Industrial | 5.74 | 8.94 |
| All sectors | 8.93 | 14.2 |
New Mexico ranks #31 of 51 for residential electricity price (1 = most expensive).
Estimate your bill
Use the electricity bill calculator with New Mexico's rate (14.85¢ = $0.1485/kWh) to estimate what an appliance costs to run.
Source & developers
Data: U.S. EIA (public domain), 2026 YTD (through March) ·
methodology. Developers:
Electricity Rates API —
https://hiinformation.com/api/v1/electricity/prices?state=NM.