New Mexico Electricity
2024 energy prices and generation data from the EIA
Residential Rate
14.20¢/kWh
Residential
14.20¢/kWh
936.1K customers
Commercial
10.54¢/kWh
148.1K customers
Industrial
5.43¢/kWh
9.3K customers
Residential Price History
| Year | Price | Change |
|---|---|---|
| 2016 | 12.03¢/kWh | -6.6% |
| 2017 | 12.88¢/kWh | +1.6% |
| 2018 | 12.68¢/kWh | +1.4% |
| 2019 | 12.51¢/kWh | -3.3% |
| 2020 | 12.94¢/kWh | -4.3% |
| 2021 | 13.52¢/kWh | -2.3% |
| 2022 | 13.84¢/kWh | -0.1% |
| 2023 | 13.85¢/kWh | -2.5% |
| 2024 | 14.20¢/kWh | — |
Market Overview
Residential Revenue
$1043.3M
Commercial Revenue
$1011.1M
Residential Sales
7.3M MWh
Residential Customers
936.1K
Data from the U.S. Energy Information Administration (2024). Prices in cents per kilowatt-hour (kWh).