Farmers Electric Coop, Inc (NM) Electricity Rate per kWh (2024 EIA Data)

Farmers Electric Coop, Inc (NM) is a member-owned cooperative electric utility that reports to the U.S. Energy Information Administration under utility number 6198. In 2024 it served 10,258 bundled residential customers in New Mexico, and its average realised residential price was 12.87 cents per kWh: $13 million of residential revenue divided by 102,596 MWh of residential sales.

Across the other sectors, Farmers Electric Coop, Inc (NM)'s 2024 average prices were 12.08 cents for commercial customers (1,882 accounts) and 9.15 cents for industrial customers (1,532 accounts). Industrial customers paid 3.72 cents less per kWh than households, a 29% discount that is typical of high-volume, high-voltage service.

Within New Mexico, Farmers Electric Coop, Inc (NM) ranked number 10 of 21 utilities with bundled or delivery service by residential accounts served (10,258) and accounted for 1.40% of the state's residential electricity sales in 2024, measured in MWh sold or delivered rather than in customers. The state-wide average realised residential price in 2024, computed from the same EIA file, was 14.20 cents per kWh, so Farmers Electric Coop, Inc (NM)'s customers paid 1.33 cents below the New Mexico average (-9.4%). For context, EIA's latest monthly figure for New Mexico is 15.06 cents per kWh (June 2026, Electric Power Monthly); that is a different, more recent measure across all utilities and is not directly comparable with a 2024 annual average.

EIA's service-territory file places Farmers Electric Coop, Inc (NM) in 7 New Mexico counties: Curry, De Baca, Guadalupe, Harding, Quay, Roosevelt, and San Miguel. On the grid side it operates in the SPP NERC region and the Southwest Power Pool market, and reported distribution as its activities. Balancing authority code: SWPP.

EIA's preliminary 2025 early release (published 4 August 2026) shows a residential price of 13.68 cents per kWh for Farmers Electric Coop, Inc (NM) in New Mexico across 10,310 residential customers, 0.81 cents higher than the 2024 final figure. Early-release data has not been validated by EIA and must not be aggregated; the 2024 final figures remain the reference on this page until the 2025 final file is published.

The nearest other utilities in New Mexico by service-territory centroid are Roosevelt County Elec Coop Inc (60.2 miles away, 12.07 cents), Springer Electric Coop, Inc (90.4 miles away, 19.01 cents), Southwestern Electric Coop Inc (NM) (95.3 miles away, 24.09 cents), Southwestern Public Service Co (105.9 miles away, 13.35 cents), and Central New Mexico El Coop, Inc (121.1 miles away, 17.16 cents).