New Mexico Industrial Electricity Rates
Price per kWh, average bill per customer, and the trend — June 2026 EIA data. Residential rates live on the New Mexico residential page.
Industrial electricity in New Mexico averages 4.62¢/kWh with an average bill of $7,141.96/month per customer — the 51st highest of 51 tracked states.
Estimate your bill in New Mexico
Your usage × the latest average industrial rate. Fixed charges, demand charges, and utility-specific rates vary — this is the benchmark, not an invoice.
Where New Mexico in new mexico rates are heading
in New Mexico price per kWh, last 12 months and the 5-year view.
Average in new mexico bill, month by month
Last 24 months (sector revenue ÷ sector customers).
| Month | Avg bill/customer | Rate |
|---|---|---|
| June 2026 | $7,141.96 | 4.62¢/kWh |
| May 2026 | $6,643.90 | 4.45¢/kWh |
| April 2026 | $9,157.70 | 6.27¢/kWh |
| March 2026 | $8,725.08 | 5.84¢/kWh |
| February 2026 | $7,657.14 | 5.65¢/kWh |
| January 2026 | $8,249.69 | 5.72¢/kWh |
| December 2025 | $7,784.94 | 5.13¢/kWh |
| November 2025 | $7,678.69 | 5.37¢/kWh |
| October 2025 | $8,116.08 | 5.53¢/kWh |
| September 2025 | $9,221.21 | 6.31¢/kWh |
| August 2025 | $9,194.83 | 6.42¢/kWh |
| July 2025 | $8,444.24 | 5.74¢/kWh |
| June 2025 | $7,973.41 | 5.9¢/kWh |
| May 2025 | $8,166.06 | 6¢/kWh |
| April 2025 | $8,333.33 | 6.38¢/kWh |
| March 2025 | $8,494.92 | 6.7¢/kWh |
| February 2025 | $7,368.14 | 6.39¢/kWh |
| January 2025 | $6,247.98 | 5.08¢/kWh |
| December 2024 | $7,422.83 | 5.59¢/kWh |
| November 2024 | $7,043.44 | 5.52¢/kWh |
| October 2024 | $7,044.92 | 5.31¢/kWh |
| September 2024 | $7,046.69 | 5.61¢/kWh |
| August 2024 | $5,666.64 | 4.74¢/kWh |
| July 2024 | $6,729.97 | 5.4¢/kWh |
in New Mexico vs residential in New Mexico
Same state, same month — how the two customer classes compare.
| Customer class | Rate | Avg monthly bill |
|---|---|---|
| in New Mexico | 4.62¢/kWh | $7,141.96/mo |
| Residential | 15.06¢/kWh | $121.22/mo |
Both rows are June 2026 EIA figures for New Mexico. Utility-level tables (residential only) are on the residential state page — EIA-861 utility data does not split sectors.
in New Mexico rates next door
Neighboring states, latest in new mexico price per kWh.
| State | Rate | vs New Mexico |
|---|---|---|
| Arizona | 7.73¢/kWh | +3.11¢ vs New Mexico |
| Colorado | 10.23¢/kWh | +5.61¢ vs New Mexico |
| Oklahoma | 7.37¢/kWh | +2.75¢ vs New Mexico |
| Texas | 6.58¢/kWh | +1.97¢ vs New Mexico |
| Utah | 9.22¢/kWh | +4.6¢ vs New Mexico |
Common questions
Answered from the data on this page.
How much does industrial electricity cost per kWh in New Mexico?
Industrial electricity in New Mexico averaged 4.62¢ per kWh as of June 2026 (EIA retail-sales data). Industrial customers pay this state average before their own contract or rate schedule applies.
What is the average industrial electric bill in New Mexico?
Sector revenue divided by customers averaged $7,141.96 per month in New Mexico as of June 2026. Industrial customers vary far more in size than households, so treat this as the sector average, not any single site’s bill.
Is industrial electricity cheaper than residential in New Mexico?
Industrial rates average 4.62¢ per kWh — lower than the residential average of 15.06¢ in the same EIA month.
Data: EIA retail-sales series (Forms EIA-826/861/861M), in new mexico sector, through June 2026. Averages are computed values — see the methodology. Rates vary by utility contract, demand class, and season.