Average electric rate in New Mexico
Residential average from EIA data, July 2026.
New Mexico average
16.1 cents per kWh
National average
18.3 cents per kWh
New Mexico runs 12.1% below the national average.
Recent months
| Month | Average rate |
|---|---|
| July 2026 | 16.1 cents per kWh |
| June 2026 | 15.1 cents per kWh |
| May 2026 | 14.1 cents per kWh |
Source: U.S. Energy Information Administration, residential sector.
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