Public Service Co of NM Electricity Rate per kWh (2024 EIA Data)

Public Service Co of NM is an investor-owned electric utility that reports to the U.S. Energy Information Administration under utility number 15473. In 2024 it served 492,945 bundled residential customers in New Mexico, and its average realised residential price was 15.57 cents per kWh: $529 million of residential revenue divided by 3.40 million MWh of residential sales.

Across the other sectors, Public Service Co of NM's 2024 average prices were 12.24 cents for commercial customers (59,510 accounts) and 5.63 cents for industrial customers (183 accounts). Industrial customers paid 9.94 cents less per kWh than households, a 64% discount that is typical of high-volume, high-voltage service.

Within New Mexico, Public Service Co of NM ranked number 1 of 21 utilities with bundled or delivery service by residential accounts served (492,945) and accounted for 46.24% 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 Public Service Co of NM's customers paid 1.37 cents above the New Mexico average (+9.6%). 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 Public Service Co of NM in 19 New Mexico counties: Bernalillo, Catron, Cibola, Curry, Dona Ana, Grant, Hidalgo, Lincoln, Luna, McKinley, Otero, and San Juan, and 7 more. On the grid side it operates in the WECC NERC region, and reported generation, transmission, distribution, and wholesale marketing as its activities. Balancing authority code: PNM.

EIA's preliminary 2025 early release (published 4 August 2026) shows a residential price of 16.35 cents per kWh for Public Service Co of NM in New Mexico across 496,914 residential customers, 0.78 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 Central New Mexico El Coop, Inc (57.8 miles away, 17.16 cents), Continental Divide El Coop Inc (69.6 miles away, 16.02 cents), Otero County Electric Coop Inc (85.9 miles away, 17.65 cents), Los Alamos County (107.5 miles away, 14.15 cents), and Jemez Mountains Elec Coop, Inc (116.2 miles away, 15.36 cents).