New Mexico Electricity Prices: 14.85 US cents/kWh Residential, 2025
The average residential price of electricity in New Mexico was 14.85 US cents/kWh in 2025, the 31st highest residential price of the 51 states and DC. That is over the previous year +4.6%, over five years +14.8%, over ten years +19.1%. Commercial customers paid 11.01 US cents/kWh and industrial customers 5.85 US cents/kWh in 2025. These are EIA statistics; they are not real time and do not include taxes or fees billed separately by some utilities.
Key Facts
- The average residential price of electricity in New Mexico was 14.85 US cents/kWh in 2025, the 31st highest residential price of the 51 states and DC.
- Commercial customers in New Mexico paid an average of 11.01 US cents/kWh in 2025, and industrial customers 5.85 US cents/kWh.
- New Mexico's residential electricity price rose 14.8% over the five years to 2025.
- New Mexico's residential electricity price rose 19.1% over the ten years to 2025.
- The most recent monthly figure for New Mexico is August 2026.
Key Figures
| Measure | Value | As of / source |
|---|---|---|
| Residential price | 14.85 US cents/kWh | 2025 · EIA |
| Commercial price | 11.01 US cents/kWh | 2025 · EIA |
| Industrial price | 5.85 US cents/kWh | 2025 · EIA |
| All sectors | 9.45 US cents/kWh | 2025 · EIA |
| Residential price rank, highest first | 31 of 51 | 2025 · EIA |
| Change over 1 year | +4.6% | to 2025 · EIA |
| Change over 5 years | +14.8% | to 2025 · EIA |
| Change over 10 years | +19.1% | to 2025 · EIA |
Source: U.S. Energy Information Administration (EIA). (US Government work, public domain) Data as of 2025. Average revenue per kWh sold, including delivery charges and taxes collected by utilities, in nominal US cents.
Price History, 2001 to 2025
EIA annual statistics| Year | All sectors | Residential | Commercial | Industrial |
|---|---|---|---|---|
| 2001 | 7.16 US cents/kWh | 8.74 US cents/kWh | 7.50 US cents/kWh | 5.45 US cents/kWh |
| 2002 | 6.73 US cents/kWh | 8.50 US cents/kWh | 7.22 US cents/kWh | 4.48 US cents/kWh |
| 2003 | 7.00 US cents/kWh | 8.69 US cents/kWh | 7.36 US cents/kWh | 4.95 US cents/kWh |
| 2004 | 7.10 US cents/kWh | 8.67 US cents/kWh | 7.39 US cents/kWh | 5.22 US cents/kWh |
| 2005 | 7.51 US cents/kWh | 9.13 US cents/kWh | 7.81 US cents/kWh | 5.61 US cents/kWh |
| 2006 | 7.37 US cents/kWh | 9.06 US cents/kWh | 7.61 US cents/kWh | 5.57 US cents/kWh |
| 2007 | 7.44 US cents/kWh | 9.12 US cents/kWh | 7.66 US cents/kWh | 5.60 US cents/kWh |
| 2008 | 8.35 US cents/kWh | 10.01 US cents/kWh | 8.67 US cents/kWh | 6.38 US cents/kWh |
| 2009 | 8.09 US cents/kWh | 10.02 US cents/kWh | 8.40 US cents/kWh | 5.72 US cents/kWh |
| 2010 | 8.40 US cents/kWh | 10.52 US cents/kWh | 8.57 US cents/kWh | 6.01 US cents/kWh |
| 2011 | 8.74 US cents/kWh | 11.00 US cents/kWh | 9.07 US cents/kWh | 6.06 US cents/kWh |
| 2012 | 8.83 US cents/kWh | 11.37 US cents/kWh | 9.32 US cents/kWh | 5.83 US cents/kWh |
| 2013 | 9.25 US cents/kWh | 11.68 US cents/kWh | 9.74 US cents/kWh | 6.36 US cents/kWh |
| 2014 | 9.65 US cents/kWh | 12.28 US cents/kWh | 10.27 US cents/kWh | 6.61 US cents/kWh |
| 2015 | 9.62 US cents/kWh | 12.47 US cents/kWh | 10.30 US cents/kWh | 6.33 US cents/kWh |
| 2016 | 9.12 US cents/kWh | 12.03 US cents/kWh | 9.75 US cents/kWh | 5.84 US cents/kWh |
| 2017 | 9.59 US cents/kWh | 12.88 US cents/kWh | 10.19 US cents/kWh | 6.15 US cents/kWh |
| 2018 | 9.35 US cents/kWh | 12.68 US cents/kWh | 10.02 US cents/kWh | 5.84 US cents/kWh |
| 2019 | 8.99 US cents/kWh | 12.51 US cents/kWh | 9.79 US cents/kWh | 5.48 US cents/kWh |
| 2020 | 9.33 US cents/kWh | 12.94 US cents/kWh | 10.28 US cents/kWh | 5.58 US cents/kWh |
| 2021 | 9.79 US cents/kWh | 13.52 US cents/kWh | 10.80 US cents/kWh | 6.16 US cents/kWh |
| 2022 | 10.02 US cents/kWh | 13.84 US cents/kWh | 11.07 US cents/kWh | 6.56 US cents/kWh |
| 2023 | 9.47 US cents/kWh | 13.85 US cents/kWh | 10.68 US cents/kWh | 5.75 US cents/kWh |
| 2024 | 9.18 US cents/kWh | 14.20 US cents/kWh | 10.54 US cents/kWh | 5.43 US cents/kWh |
| 2025 | 9.45 US cents/kWh | 14.85 US cents/kWh | 11.01 US cents/kWh | 5.85 US cents/kWh |
Month by Month
EIA monthly statistics, preliminary for recent months, through August 2026| Month | All sectors | Residential |
|---|---|---|
| 2025-09 | 10.22 US cents/kWh | 16.26 US cents/kWh |
| 2025-10 | 8.70 US cents/kWh | 14.72 US cents/kWh |
| 2025-11 | 8.76 US cents/kWh | 15.38 US cents/kWh |
| 2025-12 | 8.60 US cents/kWh | 14.47 US cents/kWh |
| 2026-01 | 9.21 US cents/kWh | 14.70 US cents/kWh |
| 2026-02 | 8.97 US cents/kWh | 15.07 US cents/kWh |
| 2026-03 | 8.62 US cents/kWh | 14.81 US cents/kWh |
| 2026-04 | 9.22 US cents/kWh | 15.15 US cents/kWh |
| 2026-05 | 8.07 US cents/kWh | 14.12 US cents/kWh |
| 2026-06 | 8.96 US cents/kWh | 15.06 US cents/kWh |
| 2026-07 | 9.52 US cents/kWh | 16.09 US cents/kWh |
| 2026-08 | 10.08 US cents/kWh | 16.51 US cents/kWh |
Source: U.S. Energy Information Administration (EIA). (US Government work, public domain) Data as of August 2026.
Related
Cite this page
World Power Monitor. (2026). New Mexico Residential Electricity Prices, 2025. https://worldpowermonitor.com/us/prices/new-mexico/
World Power Monitor. New Mexico Residential Electricity Prices, 2025. Data as of 2026-08. Data from U.S. Energy Information Administration. https://worldpowermonitor.com/us/prices/new-mexico/
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