New Mexico
Electricity costs 15.08¢/kWh residential, ranking #22 cheapest in the US. 49.4% renewable energy.
15.08¢
Residential Rate
#22
Price Rank (Cheapest)
49.4%
Renewable Energy
#11
Renewable Rank
Electricity Rates
| Residential | 15.08¢/kWh |
| Commercial | 11.23¢/kWh |
| Industrial | 5.90¢/kWh |
| National Average | 17.92¢/kWh |
Electricity Generation Mix
Wind
38.1%
Natural Gas
29.3%
Coal
21.2%
Solar
10.8%
Hydro
0.4%
Other
0.1%
Frequently Asked Questions
The residential electricity rate in New Mexico is 15.08¢ per kilowatt-hour, ranking #22 cheapest out of 51 states. The national average is 17.92¢/kWh, making New Mexico 16% below average.
49.4% of New Mexico's electricity comes from renewable sources, ranking #11 among all states. The largest generation source is Wind at 38.1%.
New Mexico's residential rate of 15.08¢/kWh is 16% below the national average of 17.92¢/kWh. Commercial rates are 11.23¢/kWh and industrial rates are 5.90¢/kWh.
Electricity rates from EIA retail sales data. Prices in cents per kilowatt-hour. Generation mix from EIA electric power operational data. Rankings based on residential rates.
For this entity, the underlying data on this page comes from the EIA Open Data API and State Electricity Profiles. The breakdown above is the federal record; the paragraphs below add the per-entity context that makes the headline numbers usable for a real decision rather than just a data lookup.
Every number on this page links back to the EIA Open Data API and State Electricity Profiles; the methodology page describes the inputs, refresh cadence, and known limitations of the underlying data product.
Practical use of this page is in combination with the comparison and ranking pages elsewhere on the site, which surface the same data for this entity’s peers within U.S. states. A single-entity reading without peer context can be misleading when an entity is an outlier on one axis but typical on another.
Source: U.S. Energy Information Administration, 2026.