Electricity Rates in Artesia, NM
Residents of Artesia, NM benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. The city is served by 4 electricity providers, with Central Valley Elec Coop, Inc being the largest.
Electricity Providers in Artesia
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Central Valley Elec Coop, Inc | 9.0¢/kWh | 13.0¢/kWh | Cooperative |
| Otero County Electric Coop Inc | 18.0¢/kWh | 16.0¢/kWh | Cooperative |
| Rio Grande Electric Coop, Inc | 18.0¢/kWh | 19.0¢/kWh | Cooperative |
| Southwestern Public Service Co | 12.0¢/kWh | 8.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 14.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Artesia
At 14.0¢/kWh, a typical Artesia household spends approximately $1488.48/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 Artesia
Charging an electric vehicle at home in Artesia costs approximately $126.00/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 Artesia, NM?
The average residential electricity rate in Artesia, NM is 14.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $124.04 for a typical household.
Who provides electricity in Artesia?
Artesia is served by 4 electricity providers. Central Valley Elec Coop, Inc is the largest provider in the area, though rates and availability vary by specific address.
How do Artesia electricity rates compare to the rest of New Mexico?
Artesia's average rate of 14.0¢/kWh is 12.5% below the New Mexico state average of 16.0¢/kWh. Residents enjoy some of the lower rates in the state.