kWh Index

Electricity and gas prices in New Mexico

Households in New Mexico paid an average of 15.06¢ per kilowatt-hour for electricity in June 2026, and $9.31 per thousand cubic feet of natural gas in June 2026. That is the 38th highest electricity price of the fifty states and DC.

What heat costs here

Dollars per million BTU delivered into the house — the only figure that compares a heat pump with a furnace, and the only one that needs no assumption about your house.

Which certified heat pumps hold their capacity at 5 °F in New Mexico

Five years of prices

Who sells electricity in New Mexico

Utilities reporting at least 1,000 residential customers. The price column is derived — total residential revenue divided by total residential sales in EIA’s 2024 annual survey — not a tariff, and not this month’s rate.

UtilityOwnershipResidential customersDerived from the 2024 survey
Public Service Co Of NmInvestor Owned492,94515.57¢
Southwestern Public Service CoInvestor Owned100,54011.98¢
El Paso Electric CoInvestor Owned94,76010.16¢
Adjustment 202446,40416.20¢
City Of Farmington - (Nm)Municipal35,99012.69¢
Jemez Mountains Elec Coop, Inc.Cooperative28,09315.36¢
Kit Carson Electric Coop, Inc.Cooperative26,09718.18¢
Continental Divide El Coop Inc.Cooperative20,41516.02¢
Central New Mexico El Coop, Inc.Cooperative19,12617.16¢
Otero County Electric Coop Inc.Cooperative16,44817.65¢
Farmers Electric Coop, Inc. - (Nm)Cooperative10,25812.87¢
Navajo Tribal Utility AuthorityState9,83416.53¢
Los Alamos CountyMunicipal7,74214.15¢
Lea County Electric Coop, Inc. - (Nm)Cooperative7,21710.07¢
Central Valley Elec Coop, Inc.Cooperative6,1508.91¢
Roosevelt County Elec Coop Inc.Cooperative3,91812.07¢
Sunrun Inc.Behind the Meter3,32013.59¢
Springer Electric Coop, Inc.Cooperative2,45319.01¢
Navopache Electric Coop, Inc.Cooperative1,49314.94¢
Southwestern Electric Coop Inc. - (Nm)Cooperative1,43424.09¢

Get told when this changes

A short note each month when EIA publishes new prices for New Mexico.

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Prices: EIA Electric Power Monthly and Natural Gas Monthly, residential sector. Utility figures: EIA-861 annual survey, data year 2024. Both public domain.