What is the average cost of electricity in New Mexico?

As of recent utility benchmarks, residential consumers in New Mexico pay an average of $0.148 per kilowatt-hour (kWh), ranking #29 most expensive in the United States.

Is New Mexico a deregulated energy state?

No, New Mexico is a regulated energy market where local electric utilities operate as franchised regional monopolies.

Electricity Rates in New Mexico (NM) & Appliance Running Costs

New Mexico Electricity Rate

$0.1480 / kWh

US Rank: #29 most expensive

Comparison: 11.9% below US average ($0.168)

Market Status: Regulated Utility

Appliance Running Costs in New Mexico

Calculated using New Mexico's average residential rate of $0.1480 per kWh:

Appliance	Active Power	Hourly Cost	Monthly Cost
1500W Space Heater	1500W	$0.144	$34.63
Window AC (10,000 BTU)	1200W	$0.098	$23.44
Portable Air Conditioner (12k BTU)	1350W	$0.140	$33.57
Central Air Conditioner (3-Ton)	3500W	$0.259	$69.93
Dehumidifier (50-Pint)	420W	$0.040	$14.55
Gaming PC (Under Load)	550W	$0.081	$9.77
Desktop PC (Office / Idle)	90W	$0.013	$3.20
EV Level 1 Charger (120V / 12A)	1440W	$0.213	$63.94
EV Level 2 Charger (240V / 32A)	7680W	$1.137	$170.50
Modern Refrigerator (22 cu. ft.)	150W	$0.009	$6.39
Chest Freezer	110W	$0.008	$5.86
Electric Water Heater (50 Gal)	4500W	$0.100	$71.93
Electric Clothes Dryer	3000W	$0.333	$9.99
Pool Pump (Single Speed 1.5 HP)	1500W	$0.222	$53.28
Hot Tub Heater	4000W	$0.148	$106.56
Countertop Microwave	1100W	$0.163	$1.47
Air Fryer / Convection Toaster	1700W	$0.214	$3.21
Hair Dryer (High Heat)	1800W	$0.266	$2.00
Bitcoin Miner (Antminer S19 Pro)	3250W	$0.481	$346.32
Aquarium (Heater + Filter 55 Gal)	200W	$0.015	$10.66
65-inch OLED TV (Active)	120W	$0.018	$2.66
Entertainment Standby / Vampire Draw	35W	$0.005	$3.73

Electricity Bill Factors in New Mexico

While the statewide average is $0.1480/kWh, your actual cost may vary depending on municipal utility boundaries, investor-owned utility (IOU) delivery riders, and seasonal volumetric rate adjustments. Enter your exact 5-digit ZIP code on our homepage to resolve hyper-local utility rates.

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