Public Service Co of NM electricity rates in New Mexico, 2025
Public Service Co of NM’s 496,914 residential customers paid an average of 16.35¢ per kWh in 2025, 10% above the New Mexico average of 14.85¢. The typical home used 555 kWh a month, for an average bill of $91.
- 16.35¢avg ¢/kWh (2025)+0.78¢ (+5.0%) vs 2024
- $91Avg monthly billNew Mexico: $95
- 555 kWhAvg monthly useNew Mexico: 638 kWh
- 496,914Residential customersFull-service utility
| Sector | Customers | Sales (MWh) | Revenue | ¢/kWh 2025 | ¢/kWh 2024 | Change |
|---|---|---|---|---|---|---|
| Residential | 496,914 | 3,311,808 | $541,563,600 | 16.35¢ | 15.57¢ | +0.78¢ (+5.0%) |
| Commercial | 59,491 | 3,846,718 | $479,295,900 | 12.46¢ | 12.24¢ | +0.22¢ (+1.8%) |
| Industrial | 180 | 2,886,927 | $171,249,700 | 5.93¢ | 5.63¢ | +0.31¢ (+5.5%) |
| All sectors | 556,585 | 10,045,453 | $1,192,109,200 | 11.87¢ | 11.64¢ | +0.23¢ (+1.9%) |
How Public Service Co of NM compares
- New Mexico residential average, 2025: 14.85¢ per kWh, 638 kWh a month, $95 average bill. U.S. average: 17.23¢, 874 kWh, $151.
- Among 18 full-service utilities in New Mexico with at least 1,000 residential customers, Public Service Co of NM ranks 12 of 18 from lowest to highest average price.
- Latest monthly figure: New Mexico homes paid 16.51¢ per kWh in August 2026 (preliminary), against 15.98¢ in August 2025. Summer months often run higher than the annual average.
- From 2024 to 2025 this average rose 5.0%; the state average rose 4.6%.
- Public Service Co of NM is an investor-owned utility, a private company whose rates are set by the state utility commission. Balancing authority: PNM.
Where Public Service Co of NM serves
EIA lists 19 New Mexico counties in its 2025 service territory: Bernalillo, Catron, Cibola, Curry, Dona Ana, Grant, Hidalgo, Lincoln, Luna, McKinley, Otero, San Juan, San Miguel, Sandoval, Santa Fe, Socorro, Torrance, Union, Valencia.
108 ZIP codes are matched to Public Service Co of NM in NREL’s 2024 ZIP file: 87001, 87002, 87004, 87006, 87008, 87010, 87015, 87016, 87022, 87023, 87031, 87035, 87041, 87042, 87043, 87047, 87048, 87052, 87053, 87059, 87060, 87062, 87068, 87083, 87101, 87102, 87103, 87104, 87105, 87106, 87107, 87108, 87109, 87110, 87111, 87112, 87113, 87114, 87116, 87117, 87119, 87120, 87121, 87122, 87123, 87124, 87131, 87144, 87153, 87154, 87158, 87174, 87176, 87181, 87184, 87185, 87190, 87191, 87192, 87193, and 48 more. Utility boundaries do not follow ZIP lines, so a ZIP can have more than one provider.
New Mexico full-service utilities with similar rates
| Provider | ¢/kWh | Avg bill | Customers |
|---|---|---|---|
| Farmers Electric Coop, Inc (NM) | 13.68¢ | $112 | 10,310 |
| Los Alamos County (NM) | 14.79¢ | $93 | 8,395 |
| Navopache Electric Coop, Inc | 15.10¢ | $68 | 1,500 |
| Kit Carson Electric Coop, Inc | 15.68¢ | $78 | 26,286 |
| Jemez Mountains Elec Coop, Inc | 15.76¢ | $90 | 28,185 |
| Navajo Tribal Utility Authority | 16.44¢ | $86 | 9,768 |
| Continental Divide El Coop Inc | 16.87¢ | $100 | 20,474 |
| Central New Mexico El Coop, Inc | 17.39¢ | $101 | 19,323 |
Sources
- U.S. Energy Information Administration, Annual Electric Power Industry Report, Form EIA-861, 2025 final data (f8612025.zip, file dated October 7, 2026): Sales to Ultimate Customers, Average Monthly Bill and Service Territory tables.
- EIA Form EIA-861, 2024 final data (f8612024.zip, file dated December 4, 2025), for the 2024 comparison.
- EIA Electric Power Monthly, Table 5.6.A (average price by state, August 2026 and August 2025; 2026 values are preliminary), file dated October 22, 2026.
- National Renewable Energy Laboratory via OpenEI, U.S. Electric Utility Companies and Rates: Look-up by Zipcode (2024) (investor-owned and other utilities, files dated November 10, 2025), used only to match ZIP codes to utilities.
Average price = residential revenue ÷ residential kWh sold, as reported to EIA. It includes fixed monthly charges, taxes passed through in revenue and seasonal tiers, averaged over the year. Your own rate depends on your tariff and usage.