PNM EV Charging Rates & Plans

Service areaPNM electric service territory in New Mexico

Featured planRate 1A — Residential Whole House EV Rate Pilot

Pricing modelTime-of-use

Last verified2026-09-29

Calculator-ready: verified numerical rate components are encoded for supported calculations. Effective from 2026-04-01. Unknown bill components remain excluded rather than treated as $0.

Use PNM in EV calculator Compare New Mexico average EV charging calculator

Whole-bill integration: no utility plan on this page is currently safe for a monthly bill estimate with the modeled inputs. TOU/EV-specific plans stay out of the bill calculator until usage-by-time allocation is available.

Rate 1A — Residential Whole House EV Rate Pilot

Service area: PNM electric service territory in New Mexico

Rate version: Effective April 1, 2026 · verified 2026-09-29

$11.93 monthly customer charge is excluded from marginal energy calculations.

Season	Period	Hours	Rate
Summer	WHEV	10 p.m.–5 a.m. daily	5.7500¢/kWh
Summer	Other hours · first 450 kWh	5 a.m.–10 p.m. daily	8.9678¢/kWh
Non-summer	WHEV	10 p.m.–5 a.m. daily	5.7500¢/kWh
Non-summer	Other hours · first 450 kWh	5 a.m.–10 p.m. daily	8.9678¢/kWh

Modeling boundary

PNM Rate 1A Whole House EV pilot charges 5.75¢/kWh from 10 p.m.–5 a.m. daily. Other hours remain on Rate 1A block pricing; CalcuRiver uses the current first 450 kWh block as the marginal fallback outside WHEV hours. FPPCA, other riders and taxes are excluded.

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Official sources

PNM Rate 1A effective April 1, 2026 →

EV charging cost examples on PNM

Vehicle-specific pages below apply Rate 1A — Residential Whole House EV Rate Pilot to each EV’s verified charging-efficiency profile and compare it with the New Mexico statewide average.

Tesla Model Y charging cost Tesla Model 3 charging cost Chevrolet Equinox EV charging cost Ford Mustang Mach-E charging cost Hyundai Ioniq 5 charging cost Ford F-150 Lightning charging cost Rivian R1S charging cost Kia EV9 charging cost

rate depth

How PNM differs from the New Mexico average

Pricing structureTime-of-use / multi-period

Lowest encoded period5.75¢/kWh-64.3% vs state avg

Highest encoded period8.9678¢/kWh

State benchmark16.09¢/kWhEIA · 2026-07

Effective from2026-04-01

Last verified2026-09-29

Calculator statusCalculator-ready

Featured planRate 1A — Residential Whole House EV Rate Pilot

Eligibility / billing boundary: PNM Rate 1A Whole House EV pilot charges 5.75¢/kWh from 10 p.m.–5 a.m. daily. Other hours remain on Rate 1A block pricing; CalcuRiver uses the current first 450 kWh block as the marginal fallback outside WHEV hours. FPPCA, other riders and taxes are excluded.

The state average is a benchmark, not a substitute for this tariff. A low or high encoded period is a marginal energy price and should not be interpreted as a complete monthly bill unless the page explicitly says whole-bill modeling is supported.

Official source: PNM Rate 1A residential tariff effective April 1, 2026.

bill-model boundary

Can this utility estimate a full monthly bill?

Current statusMarginal / period only

State benchmark16.09¢/kWh

Usage intentUse one calculator, not separate 500/1000/1500/2000 kWh URLs

Calculator-safe for supported marginal/period calculations, but not a complete monthly bill reproduction.

Continue this cost analysis

Carry this utility context into the household-energy calculators where it materially changes the result.

New Mexico electricity ratesCompare this utility with the current state residential benchmark.EV charging in New MexicoSee vehicle charging costs in the same electricity market.

local cost context

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PNM EV Charging Rates & Electricity Plans