Public Service Co of NM Rates: Average Bill & Price per kWh
Residential rates for Public Service Co of NM and how they compare to the New Mexico average — 2024 EIA-861 annual data.
Residential customers of Public Service Co of NM average $89.42/month at 15.57¢/kWh — below the New Mexico average of $121.22.
Where Public Service Co of NM rates are heading
Annual residential figures from Form EIA-861, 2019–2024.
| Year | Rate | Avg bill | Res. customers |
|---|---|---|---|
| 2019 | 13.26¢/kWh | $75.55/mo | 471,935 |
| 2020 | 14.04¢/kWh | $84.44/mo | 476,522 |
| 2021 | 14.51¢/kWh | $84.01/mo | 480,817 |
| 2022 | 14.39¢/kWh | $83.44/mo | 484,071 |
| 2023 | 15.21¢/kWh | $87.96/mo | 488,458 |
| 2024 | 15.57¢/kWh | $89.42/mo | 492,945 |
Rate context in New Mexico
Statewide residential price trend (12 months) — context for Public Service Co of NM's 2024 annual figure.
Public Service Co of NM vs its state
Annual utility averages next to the latest statewide monthly figure — different windows, both labeled.
| Measure | Public Service Co of NM | New Mexico (latest month) |
|---|---|---|
| Avg bill | $89.42/mo | $121.22/mo |
| Rate | 15.57¢/kWh | 15.06¢/kWh |
Common questions
How much is the average electric bill with Public Service Co of NM?
Public Service Co of NM residential customers averaged $89.42 per month in 2024 (EIA-861 annual data) — about $1,073.10 per year.
What does Public Service Co of NM charge per kWh?
Public Service Co of NM averaged 15.57¢ per kWh for residential service in 2024 (annual revenue divided by sales, EIA-861). Actual rates depend on your plan and season.
How does Public Service Co of NM compare to the New Mexico average?
Public Service Co of NM bills average $89.42 — lower than the New Mexico average of $121.22 (latest EIA month).
How many customers does Public Service Co of NM serve?
Public Service Co of NM served 492,945 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 Public Service Co of NM. Bill = residential revenue ÷ customers ÷ 12; rate = revenue ÷ sales. State context uses the latest EIA monthly data. See methodology.