16.35¢
per kWh, 2025
[ PNM / NM ]
PNM electricity rates in New Mexico
NO RATE CASE ON FILE · DATA 2025
change in average rate, 2024→2025
+5.0%
vs 2024
496,914
residential customers
+16.4%
since 2020
What your bill becomes
Bill today
No change on file
Difference / month · / year
Estimated at PNM's average effective residential rate (16.35¢/kWh, EIA, all charges included). Your tariff, fees and taxes differ.
Rate history 2015–2025
| Year | ¢/kWh | Change | Customers |
|---|---|---|---|
| 2015 | 13.42¢ | — | 457,737 |
| 2016 | 12.36¢ | −7.9% | 461,248 |
| 2017 | 13.36¢ | +8.1% | 464,386 |
| 2018 | 13.32¢ | −0.3% | 468,258 |
| 2019 | 13.26¢ | −0.5% | 471,935 |
| 2020 | 14.04¢ | +5.9% | 476,522 |
| 2021 | 14.51¢ | +3.4% | 480,817 |
| 2022 | 14.39¢ | −0.8% | 484,071 |
| 2023 | 15.21¢ | +5.7% | 488,458 |
| 2024 | 15.57¢ | +2.4% | 492,945 |
| 2025 | 16.35¢ | +5.0% | 496,914 |
How this compares
14.85¢
New Mexico average, 2025
+10.1%
PNM vs NM 2025 average
−5.1%
vs US 2025 average
#9
priciest in NM
PNM files with the EIA as Public Service Co of NM (utility ID 15473).
Serves 19 counties in New Mexico: Bernalillo, Catron, Cibola, Curry, Dona Ana, Grant, Hidalgo, Lincoln, Luna, McKinley, Otero, San Juan, San Miguel, Sandoval, Santa Fe, Socorro, Torrance, Union, Valencia. 108 ZIP codes.
Questions
Is PNM raising rates in 2026?
No rate case for PNM is on file with the New Mexico Public Regulation Commission in our tracker. Its average residential rate moved +5.0% from 2024 to 2025. We check the commission docket monthly.
What does PNM charge per kWh?
PNM's average effective residential rate was 16.35¢ per kWh in 2025 (EIA-861, revenue divided by sales, all charges included). New Mexico's 2025 average was 14.85¢.
How much have PNM rates gone up in five years?
+16.4% between 2020 and 2025, against +11.8% for New Mexico as a whole over the latest five-year window.
How many customers does PNM have in New Mexico?
496,914 residential customers in 2025, across 19 counties including Bernalillo, Catron, Cibola, according to the EIA-861 survey.
Where do these numbers come from?
Rates and customer counts are from the US Energy Information Administration's annual EIA-861 survey; rate-case facts are from the New Mexico Public Regulation Commission docket linked on this page. Nothing here is a utility bill; use it to understand the direction and size of changes.
Sources
- EIA-861 Sales to Ultimate Customers, 2015–2025 (released 2026-10-07)
- EIA-861M monthly state averages through Jul 2026
- NREL utility-by-ZIP lookup (2024)