Is electricity getting more expensive in New Mexico?
New Mexico homes pay 5% less than in 2001 once inflation is removed. New Mexico paid 8.74 ¢ per kWh in 2001 (15.89 ¢ in today's money) and 15.08 ¢ in 2025: +72.5% printed, −5.1% real. Rank 5th of 51 (1 = biggest real fall).
New Mexico price since 2001
New Mexico cents per kWh by year, 2001 to 2025: 25 rows
| Year | New Mexico, 2025 dollars | New Mexico, as printed |
|---|---|---|
| 2001 | 15.89 | 8.74 |
| 2002 | 15.21 | 8.50 |
| 2003 | 15.20 | 8.69 |
| 2004 | 14.78 | 8.67 |
| 2005 | 15.05 | 9.13 |
| 2006 | 14.47 | 9.06 |
| 2007 | 14.16 | 9.12 |
| 2008 | 14.97 | 10.01 |
| 2009 | 15.04 | 10.02 |
| 2010 | 15.53 | 10.52 |
| 2011 | 15.74 | 11.00 |
| 2012 | 15.94 | 11.37 |
| 2013 | 16.14 | 11.68 |
| 2014 | 16.70 | 12.28 |
| 2015 | 16.94 | 12.47 |
| 2016 | 16.14 | 12.03 |
| 2017 | 16.92 | 12.88 |
| 2018 | 16.26 | 12.68 |
| 2019 | 15.75 | 12.51 |
| 2020 | 16.10 | 12.94 |
| 2021 | 16.06 | 13.52 |
| 2022 | 15.23 | 13.84 |
| 2023 | 14.63 | 13.85 |
| 2024 | 14.57 | 14.20 |
| 2025 | 15.08 | 15.08 |
25 rows from EIA, BLS.
CSV| Year | New Mexico as printed | New Mexico in 2025 dollars | New Mexico real change on the row above | New Mexico against U.S. real price |
|---|---|---|---|---|
| 2001 | 8.74 ¢ | 15.89 ¢ | start | +1.9% |
| 2006 | 9.06 ¢ | 14.47 ¢ | −8.9% | −12.9% |
| 2011 | 11.00 ¢ | 15.74 ¢ | +8.8% | −6.1% |
| 2016 | 12.03 ¢ | 16.14 ¢ | +2.5% | −4.1% |
| 2021 | 13.52 ¢ | 16.06 ¢ | −0.5% | −1.0% |
| 2025 | 15.08 ¢ | 15.08 ¢ | −6.1% | −12.8% |
What would your New Mexico bill have been?
Try your own New Mexico bill
- 2010: 15.53 ¢ (2025 dollars), $101 a month for 650 kWh. 2025: 15.08 ¢, $98. $3 less a month, $35 a year.
- Scenario at +1.9% a year: 16.57 ¢ and $108 a month in 2030. Not a forecast.
What the New Mexico numbers say
New Mexico's biggest one-year real jump came in 2008 (+5.7%) and its biggest drop in 2022 (−5.2%); the New Mexico price fell in 12 of 24 yearly steps. New Mexico's real price last stood above today's 15.08 ¢ in 2022, at 15.23 ¢.
From 2019 to 2025 the New Mexico real price moved −4.3%, from 15.75 ¢ to 15.08 ¢ in 2025 dollars, so the recent years changed little. New Mexico sat 1.9% above the U.S. average in 2001 (15.89 ¢ against 15.60 ¢); New Mexico is 12.8% below it in 2025 (15.08 ¢ against 17.30 ¢).
Per year, New Mexico moved −0.22% real and +2.30% printed over 24 years, against +0.43% real for the nation.
New Mexico key numbers
| Measure | New Mexico |
|---|---|
| New Mexico 2001 price, as printed | 8.74 ¢ |
| New Mexico 2001 price in 2025 dollars | 15.89 ¢ |
| New Mexico 2025 price, preliminary | 15.08 ¢ |
| New Mexico change as printed | +72.5% |
| New Mexico change after inflation | −5.1% |
| New Mexico real change since 2019 | −4.3% |
| New Mexico real change since 2021 | −6.1% |
| New Mexico highest real price (2015) | 16.94 ¢ |
| New Mexico lowest real price (2007) | 14.16 ¢ |
| New Mexico real change per year | −0.22% |
New Mexico against its neighbors
New Mexico: −5.1% real since 2001. States bordering: Arizona +1.5% (6.6 points above New Mexico); Colorado +16.7% (21.8 points above New Mexico); Oklahoma −0.8% (4.3 points above New Mexico); Texas −4.0% (1.1 points above New Mexico); Utah +7.0% (12.1 points above New Mexico).
Sources
EIA state data and EIA-861 give the New Mexico prices; BLS CPI-U gives the inflation factor for New Mexico. Retrieved 5 Oct 2026. Method. CSV for every state, New Mexico included
More on New Mexico
Questions
Is electricity getting more expensive in New Mexico?
The New Mexico home price went from 8.74 ¢ per kWh in 2001 to 15.08 ¢ in 2025 as printed (+72.5%). After inflation New Mexico changed −5.1%, against +10.9% for the U.S.
What is the New Mexico home electricity price in 2025 dollars?
New Mexico paid 15.89 ¢ per kWh in 2001 (in 2025 dollars) and 15.08 ¢ in 2025. The New Mexico series low is 14.16 ¢ (2007) and the high is 16.94 ¢ (2015).
New Mexico: how does it rank on electricity prices against inflation?
New Mexico ranks 5th of 51 on the real change since 2001 (−5.1%), and 12th on the change since 2019 (−4.3%).
New Mexico homes in 2025 against 2019: how much more?
New Mexico went from 12.51 ¢ to 15.08 ¢ as printed (+20.5%), and from 15.75 ¢ to 15.08 ¢ in 2025 dollars (−4.3%).