New Mexico Electricity Rates (2026)
14.1¢/kWhstate average
13.0% below national averageUtilities in New Mexico
Individual utility data for New Mexico is coming soon. The state average residential rate is 14.1¢/kWh.
Rate Outlook for New Mexico
How Accurate Were Past Forecasts?
EIA projections for New Mexico vs. actual observed rates
Data Sources: U.S. Energy Information Administration — Annual Energy Outlook (AEO2010, AEO2015, AEO2020, AEO2025) and Monthly Energy Review.
Methodology: State-level projections are derived by applying national rate trends from EIA's Annual Energy Outlook to New Mexico's current observed rate. EIA does not publish state-level projections.
Freshness: This data is checked weekly against EIA's open data APIs. The Monthly Energy Review updates monthly with observed rates. The Annual Energy Outlook publishes new projections annually.