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New Mexico electric bills: $162/month (August 2026)

Updated with August 2026 data · Editor: Otto Pop · Methodology

$162/month
Average residential electric bill, New Mexico, August 2026
16.51¢/kWh · 983 kWh/month · rank 15 of 51 (1 = cheapest)
Source: EIA, Aug 2026

New Mexico households paid an average of $162 a month for electricity in August 2026, based on U.S. Energy Information Administration data. That is 19.1% higher than August 2025, and it ranks New Mexico 15th of 51 from the lowest average bill.

How much is the average electric bill in New Mexico?

A New Mexico home used 983 kWh in August 2026, below the U.S. average of 1,152 kWh, and paid 16.51¢/kWh. That made an average bill of $162. Enter your own numbers below.

Estimated bill: $162 a month, $1,944 a year if every month matched this one

Defaults are the New Mexico averages for August 2026 (EIA). Enter the use and price from your own bill for a personal estimate. EIA's average price already spreads fixed customer charges across every kWh; your utility's own fixed charge and rate plan can differ.

How have New Mexico electricity prices changed?

The price was 14.53¢/kWh in September 2021 and was 13.6% higher in August 2026. Five-year range: 12.64¢/kWh (May 2022) to 16.51¢/kWh (August 2026).

Average residential electricity price in New Mexico, last 12 months
13.8¢14.6¢15.3¢16.1¢16.8¢Sep 2025Dec 2025Mar 2026Jun 2026
Show the numbers
Average residential electricity price in New Mexico, last 12 months
MonthValue
Sep 202516.26¢/kWh
Oct 202514.72¢/kWh
Nov 202515.38¢/kWh
Dec 202514.47¢/kWh
Jan 202614.70¢/kWh
Feb 202615.07¢/kWh
Mar 202614.81¢/kWh
Apr 202615.15¢/kWh
May 202614.12¢/kWh
Jun 202615.06¢/kWh
Jul 202616.09¢/kWh
Aug 202616.51¢/kWh

Source: EIA, residential electricity data, Sep 2025–Aug 2026

Average residential electricity price in New Mexico, last 5 years
12.2¢13.4¢14.6¢15.8¢17.0¢Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Show the numbers
Average residential electricity price in New Mexico, last 5 years
MonthValue
Sep 202114.53¢/kWh
Oct 202113.62¢/kWh
Nov 202113.52¢/kWh
Dec 202113.03¢/kWh
Jan 202212.90¢/kWh
Feb 202213.02¢/kWh
Mar 202213.22¢/kWh
Apr 202213.43¢/kWh
May 202212.64¢/kWh
Jun 202213.87¢/kWh
Jul 202214.84¢/kWh
Aug 202214.81¢/kWh
Sep 202214.98¢/kWh
Oct 202214.36¢/kWh
Nov 202213.85¢/kWh
Dec 202213.34¢/kWh
Jan 202313.27¢/kWh
Feb 202313.75¢/kWh
Mar 202313.05¢/kWh
Apr 202313.43¢/kWh
May 202312.96¢/kWh
Jun 202313.58¢/kWh
Jul 202314.39¢/kWh
Aug 202314.41¢/kWh
Sep 202314.88¢/kWh
Oct 202314.12¢/kWh
Nov 202314.20¢/kWh
Dec 202313.37¢/kWh
Jan 202413.08¢/kWh
Feb 202413.73¢/kWh
Mar 202414.15¢/kWh
Apr 202413.81¢/kWh
May 202413.63¢/kWh
Jun 202414.06¢/kWh
Jul 202414.89¢/kWh
Aug 202414.91¢/kWh
Sep 202415.04¢/kWh
Oct 202414.08¢/kWh
Nov 202413.98¢/kWh
Dec 202414.30¢/kWh
Jan 202513.65¢/kWh
Feb 202513.98¢/kWh
Mar 202514.38¢/kWh
Apr 202514.14¢/kWh
May 202514.28¢/kWh
Jun 202514.50¢/kWh
Jul 202515.61¢/kWh
Aug 202515.98¢/kWh
Sep 202516.26¢/kWh
Oct 202514.72¢/kWh
Nov 202515.38¢/kWh
Dec 202514.47¢/kWh
Jan 202614.70¢/kWh
Feb 202615.07¢/kWh
Mar 202614.81¢/kWh
Apr 202615.15¢/kWh
May 202614.12¢/kWh
Jun 202615.06¢/kWh
Jul 202616.09¢/kWh
Aug 202616.51¢/kWh

Source: EIA, residential electricity data, Sep 2021–Aug 2026

How does New Mexico compare with other states?

New Mexico ranked 15th of 51, 22.5% lower than the U.S. average of $209 in August 2026, and lower than all four of its neighbors, including Arizona at $269 and Texas at $266.

RankStateAvg. bill¢/kWhkWh/month
1Wyoming$11814.43821
2Washington$12014.63819
3Montana$12215.57784
4North Dakota$13013.31979
5Oregon$13515.92847
…
12Nebraska$15513.541,144
13Maine$15732.11489
14South Dakota$16015.151,057
15New Mexico$16216.51983
16Utah$16413.311,230
17Colorado$16717.17973
18Illinois$17119.32886
…
47Oklahoma$25114.821,696
48Alabama$25416.331,555
49Texas$26615.911,670
50Arizona$26915.051,789
51Hawaii$26947.18570

1 = lowest average monthly bill. 50 states and DC.

StateAvg. bill¢/kWhvs. New Mexico
New Mexico$16216.51—
Arizona$26915.05+66%
Colorado$16717.17+3.1%
Oklahoma$25114.82+54.9%
Texas$26615.91+64.2%

What is behind New Mexico's electric bills?

  • Seasonal range: The lowest monthly average in the last year was $76 in November 2025; the highest $162 in August 2026.
  • Bill up 19.1% in a year, price 3.3% higher.

Frequently asked questions

How much is the average electric bill in New Mexico?

The average residential electric bill in New Mexico was $162 a month in August 2026, based on EIA data. That assumes the state's average use of 983 kWh at 16.51¢/kWh.

How much does electricity cost in New Mexico?

Residential customers in New Mexico paid an average of 16.51¢/kWh in August 2026, 3.3% higher than a year earlier.

Is electricity in New Mexico more expensive than the U.S. average?

In August 2026 the average New Mexico electric bill was $162, 22.5% lower than the U.S. average of $209. New Mexico ranked 15th of 51 from the lowest average bill (the 50 states and the District of Columbia).

How much electricity does a typical New Mexico home use?

A typical residential customer in New Mexico used 983 kWh in August 2026, calculated as total residential sales divided by the number of residential customers reported to EIA.

Methodology, sources and updates

The average bill is the EIA average residential price multiplied by average monthly use per residential customer. EIA's price is residential revenue divided by kWh sold, so the fixed customer charges utilities bill are already spread across every kWh; your own fixed charge, rate plan and taxes can differ. Read the full methodology.

  • — Updated with EIA data for August 2026.
  • — Updated with EIA residential retail sales data for July 2026.

General information based on public data, not financial advice. Your own bill depends on your utility, rate plan, fixed charge, use and any taxes added to it. Spotted an error? Tell us and we will correct it publicly.