New Mexico Electricity Price Knowledge

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Freshness: Fresh (0d)Quality: 100/100vv20260115geographic-state
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Machine-readable summary for New Mexico electricity rates and ranking metrics.

Region: West

How This State Compares

State rate vs U.S. national average.

Electricity in New Mexico costs 17.7% less than the national average.

State rate
14.70 ¢/kWh
National average
17.86 ¢/kWh
Difference: -3.16 ¢/kWhDifference: -17.7%Category: lower than national average
New Mexico vs U.S. averageNew Mexico vs U.S. average. ¢/kWh. New Mexico: 14.70 ¢/kWh; U.S. average: 17.86 ¢/kWhNew Mexico14.70 ¢/kWhU.S. average17.86 ¢/kWh
¢/kWh

Key Insights

  • Electricity in New Mexico costs 18% less than the national average.
  • New Mexico ranks #29 among U.S. states for electricity prices.
  • New Mexico shows an accelerating electricity price trend based on recent historical data.

Looking for a consumer-friendly cost estimate? See Electricity Cost in New Mexico.

Rate trend

Trend (available history)

New Mexico avg rate trendNew Mexico avg rate trend. Available history. Values: 14.66 ¢/kWh, 14.70 ¢/kWh, 14.70 ¢/kWh
Available history

Momentum Signal

Directional historical signal, not a forecast.

New Mexico shows an accelerating electricity price trend based on recent historical changes.

Signal: Accelerating12‑month change: +7.61%24‑month change: +12.39%

Where this state sits

Position relative to all states.

Avg rate (¢/kWh)
LowestHighest14.7 ¢/kWh
Value score
LowestHighest82
Affordability
LowestHighest87

Key Metrics

Avg rate (¢/kWh)
?Average residential electricity price in cents per kilowatt-hour for the state.
14.7¢/kWh→
Benchmark bill (900 kWh)
132.3$
Example bill (1000 kWh)
?Estimated monthly bill at 1000 kWh using the state's average rate, excluding certain fees/taxes depending on dataset limits.
147$
Value score
?Composite score used to compare states based on price and stability. See methodology for calculation details.
82
Affordability
?Index reflecting electricity cost burden relative to typical usage assumptions used by the site.
87
Freshness
?Indicates how recent the underlying dataset is relative to build time.
Stale

Compare with other states

Direct state-to-state electricity cost comparisons.

Summary

Shareable summary
New Mexico electricity: 14.7 ¢/kWh
Benchmark bill (900 kWh): $132.3
Example bill (1000 kWh): $147
Value score: 82 | Affordability: 87
Freshness: Stale (as of January 15, 2026)
More: https://priceofelectricity.com/knowledge/state/new-mexico

All fields

Field-level stats and metadata.

Avg rate (¢/kWh)
?Average residential electricity price in cents per kilowatt-hour for the state.
14.7
Updated
January 2026
Value score
?Composite score used to compare states based on price and stability. See methodology for calculation details.
82
Affordability
?Index reflecting electricity cost burden relative to typical usage assumptions used by the site.
87
Freshness
?Indicates how recent the underlying dataset is relative to build time.
Stale

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Compare with other states

Direct state-to-state comparisons.

Disclaimers

Related electricity pages