Public Service Co of NM Electricity Rates and Average Bill (New Mexico)
Data through August 2026 (the latest month EIA has published) · Updated October 31, 2026
As of August 2026, Public Service Co of NM's residential customers in New Mexico paid an average effective rate of 18.83¢/kWh with an average monthly bill of $158.80, per EIA Form 861-M data. That rate is 2.3¢ above the New Mexico average of 16.51¢/kWh; the U.S. average is 18.16¢/kWh.
Rate trend vs the New Mexico average
View this chart as a table (last 12 months)
| Month | Rate (¢/kWh) | Avg bill ($/mo) | Avg usage (kWh/mo) |
|---|---|---|---|
| September 2025 | 17.94 | 96.85 | 540 |
| October 2025 | 15.96 | 77.41 | 485 |
| November 2025 | 16.70 | 77.91 | 467 |
| December 2025 | 15.72 | 85.90 | 546 |
| January 2026 | 16.26 | 91.66 | 564 |
| February 2026 | 16.66 | 76.04 | 456 |
| March 2026 | 15.94 | 68.64 | 431 |
| April 2026 | 16.09 | 63.76 | 396 |
| May 2026 | 15.95 | 75.06 | 471 |
| June 2026 | 16.38 | 114.83 | 701 |
| July 2026 | 19.16 | 152.97 | 798 |
| August 2026 | 18.83 | 158.80 | 843 |
Public Service Co of NM vs New Mexico vs the U.S.
| Public Service Co of NM | New Mexico | U.S. average | |
|---|---|---|---|
| Rate (August 2026) | 18.83¢/kWh | 16.51¢/kWh | 18.16¢/kWh |
| Average monthly bill | $158.80 | $162.31 | $209.23 |
| Average monthly usage | 843 kWh | 983 kWh | 1152 kWh |
| Rate change, 1 year | +4.0% | +3.3% | +3.4% |
Estimate a bill at Public Service Co of NM rates
Worked example: 1,000 kWh at Public Service Co of NM's average effective rate of 18.83¢/kWh is about $188.30. The utility's actual average usage is 843 kWh/month, which produces the $158.80 average bill. This is an all-in average (energy, delivery, fixed charges, riders); your tariff's marginal price will differ.
See the full New Mexico rate trend, look up another utility by ZIP code, or read why electric bills are rising.
Source: EIA Form 861-M (monthly utility-level sales to ultimate customers, residential), published with roughly a two-month lag. Rate = revenue ÷ sales; bill = revenue ÷ customers. Months failing basic sanity screens are excluded. See methodology.