Question 1

How Much Is Electricity in New Mexico?

Accepted Answer

The residential electricity rate in New Mexico is 15.08¢ per kilowatt-hour (kWh), ranking #22 cheapest among all 51 US states. The national average is 17.92¢/kWh, making New Mexico 16% below average.

Question 2

Is electricity expensive in New Mexico?

Accepted Answer

New Mexico's electricity rate of 15.08¢/kWh is 16% cheaper than the US average. It ranks #22 out of 51 states (cheapest to most expensive).

Residential Rate	15.08¢/kWh
Commercial Rate	11.23¢/kWh
Industrial Rate	5.90¢/kWh
US Average (Residential)	17.92¢/kWh