The average residential electric rate in New Mexico is 15.15¢ per kWh as of 2026-04 (EIA). Over the past year it peaked at 16.52¢ in 2025-09 and bottomed at 14.5¢ in 2025-05.
| Month | ¢/kWh |
|---|---|
| 2025-05 | 14.5¢ |
| 2025-06 | 14.68¢ |
| 2025-07 | 15.8¢ |
| 2025-08 | 16.19¢ |
| 2025-09 | 16.52¢ |
| 2025-10 | 14.95¢ |
| 2025-11 | 15.61¢ |
| 2025-12 | 14.66¢ |
| 2026-01 | 14.7¢ |
| 2026-02 | 15.07¢ |
| 2026-03 | 14.81¢ |
| 2026-04 | 15.15¢ |
Averages hide your utility's actual tariff — the calculator takes your real rate, fees, and taxes, and can model seasonal costs per appliance.
Calculate your costs in New Mexico →