Electricity Rates in Albuquerque, NM
Albuquerque, NM has 4 electricity providers competing for customers, with rates averaging 16.0¢/kWh. Rates range from 15.0¢ to 17.0¢/kWh depending on your provider. Public Service Co of NM serves the majority of customers.
Electricity Providers in Albuquerque
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Central New Mexico El Coop, Inc | 17.0¢/kWh | 22.0¢/kWh | Cooperative |
| Continental Divide El Coop Inc | 16.0¢/kWh | 13.0¢/kWh | Cooperative |
| Jemez Mountains Elec Coop, Inc | 15.0¢/kWh | 14.0¢/kWh | Cooperative |
| Public Service Co of NM | 16.0¢/kWh | 12.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 16.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Albuquerque
At 16.0¢/kWh, a typical Albuquerque household spends approximately $1701.12/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Albuquerque
Charging an electric vehicle at home in Albuquerque costs approximately $144.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in New Mexico
Frequently Asked Questions
What is the average electricity rate in Albuquerque, NM?
The average residential electricity rate in Albuquerque, NM is 16.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $141.76 for a typical household.
Who provides electricity in Albuquerque?
Albuquerque is served by 4 electricity providers. Public Service Co of NM is the largest provider in the area, though rates and availability vary by specific address.
How do Albuquerque electricity rates compare to the rest of New Mexico?
Albuquerque's average rate of 16.0¢/kWh is close to the New Mexico state average of 16.0¢/kWh. Rates are typical for the region.