Electricity cost in New Mexico
The average residential price in New Mexico was 16.51¢ per kWh in August 2026, below the US average of 18.16¢. That ranks #25 most expensive of 51 (50 states plus DC). A year earlier (August 2025) it was 15.98¢, a change of +3.3%.
| Example | Cost at 16.51¢/kWh |
|---|---|
| 1,000 W for 1 hour (1 kWh) | $0.17 |
| 100 W running 24/7 for a month | $12.05 |
| 1,500 W for 8 hours a day for a month | $60.27 |
Source: U.S. Energy Information Administration, Electric Power Monthly, Table 5.6.A (average residential price, August 2026, preliminary; released October 23, 2026). Your utility bill rate may differ.
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Frequently asked questions
What is the average electricity rate in New Mexico?
16.51¢ per kWh for residential customers in August 2026 (EIA, preliminary).
How much does it cost to run a 1,500-watt heater 8 hours a day in New Mexico?
About $60.27 a month at 16.51¢/kWh.
Is electricity in New Mexico more expensive than average?
No: 16.51¢ vs the US average of 18.16¢ (August 2026).