Commercial electricity rates in New Mexico

What businesses in New Mexico actually paid per kilowatt-hour, from EIA's monthly utility filings. Updated monthly.

The last 36 months

Range over the period shown: 9.76¢ to 12.23¢ per kWh. Each point is a monthly state average, not an offered rate.

New Mexico by the numbers

How commercial compares with other sectors

All figures are August 2026 averages for New Mexico.

Commercial customers in New Mexico pay 26% less per kWh than households there. Nationally the commercial price sits 20% below residential, so the gap here is wider than usual.

What this costs a typical account

The average commercial account in New Mexico used 6,552 kWh in August 2026. At 12.14¢ per kWh that is about $795 for the month — computed from EIA totals, so it is the average account, mixing a large facility with a corner shop.

How the price has moved

Over the 36 months to August 2026, New Mexico's commercial price rose 6.8%, from 11.37¢ in September 2023 to 12.14¢. The high point was 12.23¢ in July 2025 and the low 9.76¢ in March 2026 — a spread of 25% between the cheapest and dearest month, which is unusually volatile for a state-level average.

Across the same period the dearest month on average was July (11.97¢) and the cheapest March (10.20¢), a seasonal swing of 17%.

New Mexico against its region

New Mexico is in EIA's Mountain division, where the commercial average was 12.14¢ in August 2026. New Mexico is 0% below that, and 5 of 8 on price within the region.

Others in the region: Nevada, Idaho, Wyoming, Utah, Arizona, Montana, Colorado.

States priced near New Mexico

Source

EIA Electric Power Monthly, retrieved 2026-11-02 · methodology · all 51 states