Electricity Rates in Lake arthur, NM

Residents of Lake arthur, 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.

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Avg. Residential Rate 14.0¢/kWh
vs. New Mexico Avg. -12.5%
vs. National Avg. -21.3%
Providers 4

Electricity Providers in Lake arthur

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:

Lake arthur monthly bill $124.04
Lake arthur annual cost $1488.48
New Mexico avg. monthly $141.76
National avg. monthly $157.53

Solar Savings in Lake arthur

At 14.0¢/kWh, a typical Lake arthur household spends approximately $1488.48/year on electricity. Solar panels could reduce this by 50–90%.

$1116/yr estimated solar savings

The federal solar tax credit covers 30% of installation costs through 2032.

Find solar installers in Lake arthur → Get an AI-powered solar site assessment →

EV Charging Costs in Lake arthur

Charging an electric vehicle at home in Lake arthur 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

Sanostee 17.0¢/kWh Algodones 15.0¢/kWh Timberon 18.0¢/kWh Folsom 22.0¢/kWh Zcta 88242 11.0¢/kWh Taos ski valley 19.0¢/kWh Aztec 16.0¢/kWh Capitan 18.0¢/kWh

Frequently Asked Questions

What is the average electricity rate in Lake arthur, NM?

The average residential electricity rate in Lake arthur, 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 Lake arthur?

Lake arthur 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 Lake arthur electricity rates compare to the rest of New Mexico?

Lake arthur'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.