Rate comparison

How this price compares

Ranked by price against the 24 utilities reporting residential rates in New Mexico, Public Service Co of NM comes 13th of 24. The state's range runs from Central Valley Elec Coop, Inc at 8.91¢ to Tri-County Electric Coop, Inc (OK) at 38.00¢, so where a household sits inside New Mexico depends far more on which utility serves it than on the statewide average alone.

Against the 2 other investor owned utilities reporting in New Mexico, whose customer-weighted average is 11.10¢, Public Service Co of NM is far above its own ownership class within the state (+40.3%).

State price distribution

Territory and usage

Scale and consumption

Public Service Co of NM reported 492.9K residential customers, ranking 1st of 24 utilities in New Mexico by customers served and covering 55.4% of the state's reported residential customers.

Dividing reported residential sales by customers served gives about 6,892 kWh per customer per year - -10.4% against the New Mexico median of 7,694 kWh , implying a typical annual bill near $1,073.

State peers

Every utility reporting in New Mexico

All 24 utilities reporting bundled residential service in New Mexico, largest first, with Public Service Co of NM marked. The named companies either side of it are the ones a household in this state might otherwise be served by.

For generation mix and price history statewide, see electricity rates in New Mexico.

Ownership class peers

Investor Owned utilities with similar residential prices

Beyond New Mexico, these indexable investor owned utilities report the closest residential averages to Public Service Co of NM in the same Form 861 release. Peer sets differ by ownership class and price, not a shared national list.

FAQ

Common questions about Public Service Co of NM rates

How much does Public Service Co of NM charge per kWh?

Public Service Co of NM reported an average residential price of 15.57¢ per kWh across its bundled residential customers in the 2024 EIA Form 861 release. That is an annual average across all its residential customers, not a rate schedule, so an individual bill depends on the tariff, usage pattern and season.

Is Public Service Co of NM expensive compared with the rest of New Mexico?

Its average residential price is close to the New Mexico customer-weighted average of 14.51¢ per kWh, a difference of +7.3%. The state figure is weighted by customers across the 24 utilities reporting residential service in New Mexico.

What is the average electricity bill for Public Service Co of NM customers?

Dividing reported residential sales by residential customers gives about 6,892 kWh per customer per year. At the reported average price that implies roughly $1,073 a year, or about $89 a month. This is RateWatt's arithmetic on two EIA columns, not a figure EIA publishes.

Who owns Public Service Co of NM?

EIA classifies Public Service Co of NM as Investor Owned, a shareholder-owned company whose retail rates are set through a state regulatory commission. Nationally, the customer-weighted average across Investor Owned utilities was 18.37¢ per kWh in the 2024 Form 861 release.

Limitations

What this page does and does not tell you

• An average across bundled residential customers for the year, revenue divided by sales, not a rate schedule.
• Form 861 presence is not evidence of availability at an address or of customer choice.

See our methodology and comparing utility costs across states .

Source: U.S. Energy Information Administration (EIA), Form 861 annual electric power industry report, 2024 release. Retrieved and formatted by RateWatt.