Equivalent to $0.1609 per kWh · July 2026 residential average
What this rate means in everyday costs
Examples below use fixed usage assumptions so states can be compared consistently.
Use New Mexico in a calculator
EV charging calculator
Starts from 16.09¢/kWh.
⚡Electricity bill calculator
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⌁Appliance cost calculator
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☀Solar savings calculator
Value estimated solar output at the state rate.
Source and update date
U.S. Energy Information Administration, Electric Power Monthly Table 5.6.A, Form EIA-861M. Data period: July 2026. Release date: September 24, 2026. Status: preliminary.
Related New Mexico page
See a concrete application of this rate in the Tesla Model Y charging-cost page.
PNM utility rate
PNM Rate 1A Whole House EV pilot offers a 10 p.m.–5 a.m. whole-home EV rate for eligible EV customers.
Utility coverage in New Mexico
1 tracked provider profile; 1 calculator-ready.
Public Service Company of New Mexico (PNM)
PNM electric service territory in New Mexico
PNM Rate 1A Whole House EV pilot offers a 10 p.m.–5 a.m. whole-home EV rate for eligible EV customers.
How much does electricity cost in New Mexico at 500–2,000 kWh?
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This is a state-average energy-cost benchmark, not a utility tariff or complete bill. Utility rate plans, fixed charges, taxes, riders and time-of-use schedules can change the actual amount.
Rate source: EIA Electric Power Monthly Table 5.6.A · data period 2026-07 · released 2026-09-24 · preliminary.
Continue this cost analysis
Use the same state electricity context across transportation, solar and storage decisions.