Farmers Electric Coop, Inc - (NM) Rates: Average Bill & Price per kWh
Residential rates for Farmers Electric Coop, Inc - (NM) and how they compare to the New Mexico average — 2024 EIA-861 annual data.
Residential customers of Farmers Electric Coop, Inc - (NM) average $107.23/month at 12.87¢/kWh — below the New Mexico average of $121.22.
Where Farmers Electric Coop, Inc - (NM) rates are heading
Annual residential figures from Form EIA-861, 2019–2024.
| Year | Rate | Avg bill | Res. customers |
|---|---|---|---|
| 2019 | 11.2¢/kWh | $89.61/mo | 9,934 |
| 2020 | 11.23¢/kWh | $94.17/mo | 9,919 |
| 2021 | 12.21¢/kWh | $97.60/mo | 10,057 |
| 2022 | 13.53¢/kWh | $116.51/mo | 10,122 |
| 2023 | 12.52¢/kWh | $104.11/mo | 10,213 |
| 2024 | 12.87¢/kWh | $107.23/mo | 10,258 |
Rate context in New Mexico
Statewide residential price trend (12 months) — context for Farmers Electric Coop, Inc - (NM)'s 2024 annual figure.
Farmers Electric Coop, Inc - (NM) vs its state
Annual utility averages next to the latest statewide monthly figure — different windows, both labeled.
| Measure | Farmers Electric Coop, Inc … | New Mexico (latest month) |
|---|---|---|
| Avg bill | $107.23/mo | $121.22/mo |
| Rate | 12.87¢/kWh | 15.06¢/kWh |
Common questions
How much is the average electric bill with Farmers Electric Coop, Inc - (NM)?
Farmers Electric Coop, Inc - (NM) residential customers averaged $107.23 per month in 2024 (EIA-861 annual data) — about $1,286.77 per year.
What does Farmers Electric Coop, Inc - (NM) charge per kWh?
Farmers Electric Coop, Inc - (NM) averaged 12.87¢ per kWh for residential service in 2024 (annual revenue divided by sales, EIA-861). Actual rates depend on your plan and season.
How does Farmers Electric Coop, Inc - (NM) compare to the New Mexico average?
Farmers Electric Coop, Inc - (NM) bills average $107.23 — lower than the New Mexico average of $121.22 (latest EIA month).
How many customers does Farmers Electric Coop, Inc - (NM) serve?
Farmers Electric Coop, Inc - (NM) served 10,258 residential customers in 2024, per EIA-861 — one of the largest utilities we track in NM.
Data: Form EIA-861, 2024 annual residential figures for Farmers Electric Coop, Inc - (NM). Bill = residential revenue ÷ customers ÷ 12; rate = revenue ÷ sales. State context uses the latest EIA monthly data. See methodology.