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New Mexico electricity prices (April 2026)
Residential electricity in New Mexico averages 15.15¢ per kWh — -19.5% below the U.S. average, ranked 17 of 51 states. Figures from the U.S. Energy Information Administration.
How much does electricity cost in New Mexico?
As of April 2026, residential electricity in New Mexico averages 15.15¢ per kWh ($0.1515/kWh), per the U.S. Energy Information Administration — -19.5% below the U.S. average of 18.83¢. That ranks New Mexico 17 of 51 (1 = cheapest). A typical 900 kWh/month home would pay about $136.
New Mexico electricity figures
| Metric | Value |
|---|---|
| Average price | 15.15¢/kWh |
| Price in dollars | $0.1515/kWh |
| U.S. average | 18.83¢/kWh |
| Difference vs U.S. average | -19.5% |
| Price rank (1 = cheapest) | 17 of 51 |
| Est. bill at 900 kWh/month | $136/month |
Average residential retail price (EIA Electric Power Monthly, Table 5.6.A, April 2026). The bill estimate uses a typical 900 kWh/month of usage and excludes fixed service charges and taxes — use the estimator below for your own usage.
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Using 900 kWh a month in New Mexico at 15.15¢/kWh costs about $136 a month ($1,636/year) for electricity — that is $33 less than the same usage at the U.S. average of 18.83¢/kWh. Estimate excludes fixed service charges and taxes.
New Mexico electricity prices — FAQ
- How much is electricity per kWh in New Mexico?
- Residential electricity in New Mexico averages 15.15¢ per kWh ($0.1515/kWh) as of April 2026, per the U.S. Energy Information Administration. That is -19.5% below the U.S. average of 18.83¢.
- Is electricity expensive in New Mexico?
- New Mexico ranks 17 of 51 states (and DC) for residential electricity price, where 1 is cheapest. Its rate of 15.15¢ per kWh is lower than the U.S. average of 18.83¢ (April 2026, EIA).
- What is a typical monthly electricity bill in New Mexico?
- A home in New Mexico using 900 kWh a month would pay about $136 for electricity at the state average of 15.15¢ per kWh (April 2026, EIA), before fixed charges and taxes. Your bill depends on your actual usage — use the estimator on this page with your own kWh.
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Source: U.S. Energy Information Administration — Electric Power Monthly, Table 5.6.A (Average Price of Electricity to Ultimate Customers by State), residential sector (April 2026, published 2026 (EIA Electric Power Monthly)).
EIA data is a U.S. Government work in the public domain (17 U.S.C. § 105). GeraHome reproduces the published figures and computes only the ranking and bill estimate shown here.