New Mexico — Electricity Costs & Energy Profile
New Mexico residential electricity costs 15.08¢/kWh, ranking #22 cheapest among all states.
15.08¢
Residential Rate
#22
Price Rank (Cheapest)
—
Renewable Energy
11.23¢
Commercial Rate
Electricity Rates
| Residential | 15.08¢/kWh |
| Commercial | 11.23¢/kWh |
| Industrial | 5.90¢/kWh |
| National Average (Residential) | 17.92¢/kWh |
Frequently Asked Questions
The residential electricity rate in New Mexico is 15.08¢ per kilowatt-hour, ranking #22 cheapest among all states. The national average is 17.92¢/kWh.
Renewable energy generation data for New Mexico is available in our detailed state profile.
Electricity rates from EIA retail sales data. Prices in cents per kilowatt-hour. Generation mix from EIA electric power operational data.