Data · April 2026 · 304-month history

New Mexico Electricity Prices

Residential electricity in New Mexico averaged 15.15¢ per kilowatt-hour in April 2026. That runs 21.6% below the 19.32¢ national average. That is 5.6% higher year over year. A typical 10,500-kWh household would pay around $1,591 a year at this rate, and that spend is the starting point for any solar-payback estimate.

What we measure: Average residential retail price of electricity published by the EIA for the state, in cents per kilowatt-hour — a statewide monthly average, not a personalized utility tariff or the rate any single household pays. EIA publishes state retail-price data on a lag of roughly two to three months; the latest period shown reflects that lag.

Key facts — April 2026

Avg residential rate
15.15¢
Change (year over year)
+5.6%
vs national average
-21.6%
Est. annual bill
$1,591
National average
19.32¢
Months tracked
304

Your rate is the biggest input to any solar estimate. See what 15.15¢/kWh means for system size, cost, and payback in New Mexico.

Estimate New Mexico solar savings →

New Mexico trend, last 36 months

Average residential price per kWh each month. Bars scale to the highest month shown.

MonthAvg rate (¢/kWh)
May 202312.96
June 202313.58
July 202314.39
August 202314.41
September 202314.88
October 202314.12
November 202314.20
December 202313.37
January 202413.08
February 202413.73
March 202414.15
April 202413.81
May 202413.63
June 202414.06
July 202414.89
August 202414.91
September 202415.04
October 202414.08
November 202413.98
December 202414.30
January 202513.66
February 202514.53
March 202514.78
April 202514.35
May 202514.50
June 202514.68
July 202515.80
August 202516.19
September 202516.52
October 202514.95
November 202515.61
December 202514.66
January 202614.70
February 202615.07
March 202614.81
April 202615.15

Use this data

Download New Mexico CSV — free to reuse with attribution. Read the full methodology for the metric definition, refresh cadence, and limitations. Source: U.S. Energy Information Administration (EIA), Electricity retail sales — average price by state.

Suggested citation

"New Mexico Electricity Prices." Geostellar Residential Electricity Price Index, April 2026, based on U.S. Energy Information Administration (EIA) electricity retail-sales data. https://geostellar.com/energy/electricity-rates/new-mexico

Nearby states

← All states: Residential Electricity Price Index