WattBuy’s Guide to

Electricity in
New Mexico

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The State of Electricity in New Mexico

Here's the average monthly bill, usage, and carbon footprint of residents in New Mexico

Average monthly bill

January

$265highest

February

$185

March

$145

April

$142

May

$141lowest

June

$169

July

$183

August

$177

September

$142

October

$151

November

$154

December

$191

Carbon Emissions

763 lbs CO₂

Monthly Usage

1,129 kWh

Where does New Mexico’s electricity come from?

New Mexico's energy comes from Wind, Natural Gas, Coal, and Solar. Wind is the largest source of electricity, providing 36% of New Mexico's energy. Natural Gas is the second largest source, making up 23%. Coal provides 21% of the energy in New Mexico. Solar provides 21% of the energy in New Mexico.

36%

Wind

23%

Natural Gas

21%

Coal

21%

Solar

Solar energy in New Mexico

The state of solar in New Mexico

Solar power is on the rise, helping homeowners save on their electricity bills and power their homes sustainably.

1,857 kWh

Energy generated by average sized system

$18,197

Average system cost

(after incentives)

6 years

Payback period

Learn More about solar
Net Metering Available

Get paid for the extra solar you produce

Net metering policies in New Mexico can help solar panel owners save money and reduce their carbon footprint. When your solar panels generate more electricity than you use, you can send the excess back to the grid and receive credit on your next bill. Just something to keep in mind when considering solar panels.

Energy Efficiency Incentives in New Mexico

incentivesavingsutility 
Freezers (purchase)$50Public Service Company of New Mexico (PNM)See Details
Room Air Conditioning (purchase)$25Public Service Company of New Mexico (PNM)See Details
Dishwashers$50Public Service Company of New Mexico (PNM)See Details
Clothes Dryers$75Public Service Company of New Mexico (PNM)See Details
Central Air Conditioning - Split Systems$200-$400Public Service Company of New Mexico (PNM)See Details
Smart Thermostats$50Public Service Company of New Mexico (PNM)See Details
Ductless Heat Pump (mini & multi split) Systems$400-$800Public Service Company of New Mexico (PNM)See Details
Refrigerators (purchase)$125Public Service Company of New Mexico (PNM)See Details
Central Air Conditioning - Single Package$200-$400Public Service Company of New Mexico (PNM)See Details
Clothes Washers$75Public Service Company of New Mexico (PNM)See Details
Air-Source Heat Pump - Single Package$200-$400Public Service Company of New Mexico (PNM)See Details

Utilities in New Mexico

Central New Mexico El Coop, IncCentral Valley Elec Coop, IncCity of AztecCity of FarmingtonCity of GallupCity of Truth or ConsequencesColumbus Electric Coop, IncContinental Divide El Coop IncEl Paso Electric Company - New MexicoFarmers' Electric Coop, IncJemez Mountains Elec Coop, IncKit Carson Electric Coop, IncLea County Electric Coop, IncLos Alamos CountyMora-San Miguel Elec Coop, IncNavopache Electric Coop, IncNorthern Rio Arriba E Coop IncOtero County Electric Coop IncPNMRaton Public Service CompanyRio Grande Electric Coop, IncRoosevelt County Elec Coop IncSierra Electric Coop, IncSocorro Electric Coop, IncSouthwestern Electric Coop IncSpringer Electric Coop, IncSpringer Town ofTri-County Electric Coop, IncXcel Energy - New Mexico

Jemez Mountains Elec Coop, Inc Rates

Jemez Mountains Elec Coop, Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Residential ServiceFixed11¢ to 12¢
Residential Optional Time of UseTOU9¢ to 16¢

Mora-San Miguel Elec Coop, Inc Rates

Mora-San Miguel Elec Coop, Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Seasonal Residential ServiceFixed11¢
Residential ServiceFixed12¢

Sierra Electric Coop, Inc Rates

Sierra Electric Coop, Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Residential ServiceFixed16¢
Residential Service - TOUTOU13¢ to 20¢

Kit Carson Electric Coop, Inc Rates

Kit Carson Electric Coop, Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Optional Time-of-Use Residential Service (Rate No. 17)TOU8¢ to 16¢
Residential ServiceFixed11¢ to 14¢

Springer Electric Coop, Inc Rates

Springer Electric Coop, Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Residential Service - Time-of-UseTOU8¢ to 17¢
Residential ServiceFixed14¢

Central New Mexico El Coop, Inc Rates

Central New Mexico El Coop, Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Time of Use Residential Service with Electric Thermal Storage unitsTOU4¢ to 15¢
General Service with electric water heater w/ timer (rate 22T)Fixed5¢ to 13¢
General ServiceFixed13¢
Time of Use Residential Service Without Electric Thermal Storage UnitTOU6¢ to 15¢
General Service with electric water heater (rate 22)Fixed6¢ to 13¢
New Time-Of-Use Residential ServiceTOU5¢ to 16¢

Continental Divide El Coop Inc Rates

Continental Divide El Coop Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
General Service - Time of Use (Schedule GS-TOU)TOU7¢ to 16¢
Residential General Service (Schedule GS)Fixed10¢

El Paso Electric Company - New Mexico Rates

El Paso Electric Company - New Mexico has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
EXPERIMENTAL ELECTRIC VEHICLE CHARGING RATE (EEVC)TOU6¢ to 40¢
Residential ServiceFixed11¢ to 16¢
Residential TIME OF DAY (TOD)TOU11¢ to 24¢

Lea County Electric Coop, Inc Rates

Lea County Electric Coop, Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
ResidentialFixed9¢ to 50¢

Otero County Electric Coop Inc Rates

Otero County Electric Coop Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Residential - Regular RateFixed14¢
Residential Optional - Time of Use RateTOU9¢ to 27¢

Central Valley Elec Coop, Inc Rates

Central Valley Elec Coop, Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
ResidentialFixed

Farmers' Electric Coop, Inc Rates

Farmers' Electric Coop, Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Residential ServiceFixed8¢ to 11¢

PNM Rates

PNM has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Residential ServiceFixed12¢ to 23¢
Residential Service TIME-OF-DAY (“TOD”)TOU12¢ to 41¢
Residential Service TIME-OF-USE (“TOU”)TOU11¢ to 27¢

City of Farmington Rates

City of Farmington has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Residential ServiceFixed11¢

Rio Grande Electric Coop, Inc Rates

Rio Grande Electric Coop, Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Seasonal ServiceFixed12¢ to 19¢
Residential Temporary ServiceFixed17¢ to 25¢
ResidentialFixed12¢ to 20¢

Los Alamos County Rates

Los Alamos County has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
ResidentialFixed15¢

Southwestern Electric Coop Inc Rates

Southwestern Electric Coop Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Residential Central CoolingFixed14¢ to 19¢
Residential Central Cooling & Water HeatingFixed14¢ to 19¢
Residential Electric Space Heating & Central CoolingFixed14¢ to 19¢
Residential Electric Water HeaterFixed14¢ to 19¢
Residential Electric Water & Space HeatingFixed14¢ to 19¢
Residential Electric Space HeatingFixed14¢ to 19¢
Residential - General ServiceFixed19¢

City of Truth or Consequences Rates

City of Truth or Consequences has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
ResidentialFixed17¢

Northern Rio Arriba E Coop Inc Rates

Northern Rio Arriba E Coop Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Residential-4/40 (PRC Rate No. 1)Fixed11¢
Residential Time of Use-14 (PRC Rate No. 14)TOU4¢ to 13¢

Socorro Electric Coop, Inc Rates

Socorro Electric Coop, Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Residential ServiceFixed13¢
Residential Service with ETSTOU9¢ to 16¢

Xcel Energy - New Mexico Rates

Xcel Energy - New Mexico has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Residential Service - Alternative TOUTOU8¢ to 28¢
Residential Heating ServiceFixed7¢ to 11¢
Residential ServiceFixed9¢ to 11¢

City of Aztec Rates

City of Aztec has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Residential and Multi-unit Residential.Fixed13¢ to 14¢

Raton Public Service Company Rates

Raton Public Service Company has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
Urban Residential ServiceFixed
Rural Residential Service Fixed

Roosevelt County Elec Coop Inc Rates

Roosevelt County Elec Coop Inc has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
General Service Electric Water HeatingFixed9¢ to 10¢
General Service Home HeatingFixed9¢ to 10¢
General ServiceFixed10¢

City of Gallup Rates

City of Gallup has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate Type
Residential Service RateFixed

Learn About Electricity in These New Mexico Cities

AbiquiuAgua FriaAlamedaAlamogordoAlbuquerqueAlcaldeAlgodonesAltoAmaliaAnchoAngel FireAngusAnimasAnthonyAnton ChicoArabelaAragonArenas ValleyArreyArroyo HondoArroyo SecoArtesiaAztecBardBayardBelenBentBerinoBernalilloBlack HatBlancoBloomfieldBluewaterBosqueBosque FarmsBroadviewBuckhornBudaghersBuena VistaCaballoCanjilonCanoncitoCanonesCapitanCapulinCarlsbadCarnuelCarrizozoCarsonCauseyCebollaCedar CrestCerrillosCerroChaconChamaChamberinoChamisalChaparralChimayoCimarronClaytonClevelandCliffCloudcroftClovisCochiti LakeColumbusConchas DamContinental DivideCordovaCoronaCorralesCostillaCounselorCoyoteCrossroadsCrownpointCubaCuberoCuchilloCuervoCundiyoDatilDemingDes MoinesDexterDixonDona AnaDoraEagle NestEdgewoodEl Cerro-Monterey ParkEl PradoEl RitoEldorado at Santa FeElephant ButteElidaEmbudoEncinoEspanolaEstanciaEuniceFarmingtonFaywoodFence LakeFlora VistaFloydFlying HFolsomFort SumnerFort WingateFruitlandFt SumnerGalisteoGallinaGallupGamercoGarfieldGilaGladstoneGlencoeGlenrioGlenwoodGlorietaGoldenGradyGrantsGrenvilleGuadalupitaHachitaHagermanHanoverHatchHernandezHigh Rolls Mountain ParkHillsboroHobbsHolmanHondoHopeHouseHurleyIlfeldIsleta Village ProperJaconitaJalJamestownJaralesJemez PuebloJemez SpringsKewaKirtlandLa CienegaLa JaraLa JoyaLa LomaLa LuzLa MesaLa PlataLa PueblaLagunaLake ArthurLake SumnerLakewoodLamyLas CrucesLas VegasLedouxLemitarLincolnLindrithLlanoLoco HillsLoganLordsburgLos AlamosLos ChavezLos LunasLos OjosLos RanchosLos Ranchos De AlbuquerqueLos Trujillos-GabaldonLovingLovingtonLunaMadridMagdalenaMalagaMaljamarMaxwellMayhillMcalisterMcdonaldMcintoshMedanalesMelroseMentmoreMesillaMesilla ParkMesquiteMiamiMilanMimbresMontezumaMonticelloMonumentMoraMoriartyMountainairMule CreekNageeziNambe PuebloNara VisaNavajo DamNogalNorth ValleyOcateOjo CalienteOjo FelizOjo SarcoOrganPecosPena BlancaPenascoPendariesPeraltaPicachoPie TownPilarPinehillPinonPinos AltosPlacitasPolvaderaPonderosaPortalesPrewittQuemadoQuestaRadium SpringsRainsvilleRamahRanchos De TaosRatonRed RiverRedrockReginaReserveRiberaRinconRio CommunitiesRio Communities NorthRio RanchoRociadaRodeoRoswellRoweRuidosoRuidoso DownsRutheronSacramentoSalemSan AcaciaSan AntonioSan CristobalSan FidelSan JonSan JoseSan LorenzoSan PatricioSan RafaelSan YsidroSandia ParkSanta ClaraSanta CruzSanta FeSanta RosaSanta TeresaSanto Domingo PuebloSapelloSeboyetaSerafinaSilver CitySocorroSombrilloSouth ValleySpringerStanleySunland ParkTaibanTajiqueTaosTaos Ski ValleyTatumTererroTesuqueTesuque PuebloTexicoThoreauTierra AmarillaTijerasTimberonTinnieTomeTome-AdelinoTorreonTres PiedrasTruchasTruth Or ConsequencesTse BonitoTucumcariTularosaTyroneUniversity ParkUte ParkVaditoVadoValdezValenciaValle EscondidoVallecitosVanderwagenVaughnVeguitaVelardeVirdenWagon MoundWaterflowWeedWhite OaksWhite RockWillardWilliamsburgWinstonYataheyYoungsville

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