Xcel Energy is a publicly-traded utility company headquartered in Minneapolis, Minnesota. In New Mexico, Xcel Energy provides electricity to approximately 161,000 customers in eastern and southern parts of the state, including the cities of Clovis, Hobbs, and Carlsbad. The company operates two coal-fired power plants, the San Juan Generating Station and the Four Corners Power Plant, as well as a number of natural gas-fired peaker plants and solar and wind farms. Xcel Energy is committed to providing reliable and affordable electricity to its customers, while also reducing its carbon footprint and transitioning to cleaner sources of energy.
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Xcel Energy - New Mexico's energy comes from natural gas, wind, and solar. Natural Gas is the largest source of electricity, providing 67% of Xcel Energy - New Mexico's energy. Wind is the second largest source, making up 26%. Solar provides 7% of Xcel Energy - New Mexico's electricity.
67%
Natural Gas
26%
Wind
7%
Solar
The average electricity rate for Xcel Energy - New Mexico customers is 10.8 cents/kWh. Xcel Energy - New Mexico has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| RS (Residential Service) | Fixed | 11¢ to 13¢ |
| Residential Heating Service | Fixed | 7¢ to 10¢ |
| Residential Service - Alternative TOU | TOU | 10¢ to 28¢ |
In 2021, the average Xcel Energy - New Mexico customer lost electricity for 2 times for about 107 minutes each. In total, the average Xcel Energy - New Mexico customer had their electricity out for about 196 minutes during the whole year.
Either credited to customer's next bill at avoided cost rate or excess kWh generated are credited to the account and rolled over indefinitely (equivalent to retail rate) (e.g., available to PNM customers). If customer leaves the utility, unused credits are paid out at the avoided cost rate.
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