New Mexico Residential Electricity Rate
Official U.S. Energy Information Administration (EIA) monthly retail-sales statistical average for reporting period 2026-06.
National & Snapshot Rank Context
In the 2026-06 EIA snapshot, New Mexico recorded an average residential price of 15.06 cents per kWh, ranking #14 out of 51 jurisdictions (competition rank, ordered from lowest to highest).
- Vs. U.S. National Aggregate (18.34¢): New Mexico is 3.28¢/kWh (17.9%) below the official EIA nationwide weighted residential average.
- Vs. 51-Jurisdiction Snapshot Median (16.32¢): New Mexico is 1.26¢/kWh (7.7%) below the median jurisdiction (Oregon at 16.32¢).
- Vs. 51-Jurisdiction Unweighted Mean (19.42¢): New Mexico is 4.36¢/kWh (22.5%) below the unweighted 51-jurisdiction snapshot mean.
Nearest Rate Tiers: Next lower rate tier: Washington (14.91¢) | Next higher rate tier: Florida (15.10¢)
Monthly Consumption Benchmarks
Estimated monthly cost benchmarks for illustrative residential usage scenarios, calculated from New Mexico's 15.06¢/kWh average retail price and compared against the 18.34¢/kWh U.S. national benchmark:
| Usage Scenario | Monthly Cost (New Mexico) | U.S. Benchmark Cost | Difference vs U.S. | Detailed Scenario |
|---|---|---|---|---|
| 500 kWh — Lower-Consumption Scenario | $75.30 | $91.70 | $-16.40 (-17.9%) | Formula estimate |
| 1,000 kWh — Standardized Comparison Baseline | $150.60 | $183.40 | $-32.80 (-17.9%) | View 1,000 kWh breakdown → |
| 1,500 kWh — Intermediate Consumption Scenario | $225.90 | $275.10 | $-49.20 (-17.9%) | Formula estimate |
| 2,000 kWh — Elevated Consumption Scenario | $301.20 | $366.80 | $-65.60 (-17.9%) | View 2,000 kWh breakdown → |
| 5,000 kWh — Heavy-Load Scenario | $753.00 | $917.00 | $-164.00 (-17.9%) | View 5,000 kWh breakdown → |
Note: Under kWhBill's model, costs scale linearly with consumption. The statewide aggregate includes delivery costs as reflected in reported retail revenue, but this calculation does not separately calculate a customer's tariff structure or bill line items.
Custom Monthly Cost Benchmark Calculator
Calculate the estimated cost benchmark for any kilowatt-hour amount using New Mexico's 15.06¢/kWh aggregate retail price:
The aggregate retail price includes delivery costs as reflected in reported retail revenue, but this calculator does not separately calculate a customer's tariff structure or bill line items. Not an actual utility bill or billing guarantee.
Land-border neighbors of New Mexico
Compare New Mexico's residential electricity price with geographically adjacent or division peer jurisdictions:
Source, Methodology & Evidence Boundary
U.S. Energy Information Administration (EIA) — Electricity retail-sales API v2 ↗. Dataset: EIA electricity/retail-sales API v2; source version: EIA API v2.1.13 retail-sales; reporting period: 2026-06.
Checksum-locked EIA response captured on 2026-09-10 for reporting period 2026-06. It is a point-in-time snapshot, not a live tariff, customer bill, or current-rate guarantee.
Disclaimer: Statewide statistical cost benchmarks sourced from a checksum-locked U.S. Energy Information Administration (EIA) retail-sales API snapshot. EIA's residential average retail price is total residential retail revenue divided by total residential retail sales (kWh). This aggregate includes delivery costs as reflected in reported retail revenue, but the simple usage calculation does not separately calculate a customer's tariff structure or bill line items. Not an actual utility bill or billing guarantee. For informational use only. Detailed calculations, statistical definitions, and customer-specific billing factors are documented on our Methodology page.