Electricity Rates in Tatum, NM
Residents of Tatum, NM benefit from relatively low electricity rates, averaging 11.0¢/kWh — 38.1% below the national average. The city is served by 3 electricity providers, with Lea County Electric Coop, Inc - (NM) being the largest.
Electricity Providers in Tatum
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Lea County Electric Coop, Inc - (NM) | 10.0¢/kWh | 8.0¢/kWh | Cooperative |
| Roosevelt County Elec Coop Inc | 12.0¢/kWh | 16.0¢/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 11.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Tatum
At 11.0¢/kWh, a typical Tatum household spends approximately $1169.52/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 Tatum
Charging an electric vehicle at home in Tatum costs approximately $99.00/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 Tatum, NM?
The average residential electricity rate in Tatum, NM is 11.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $97.46 for a typical household.
Who provides electricity in Tatum?
Tatum is served by 3 electricity providers. Lea County Electric Coop, Inc - (NM) is the largest provider in the area, though rates and availability vary by specific address.
How do Tatum electricity rates compare to the rest of New Mexico?
Tatum's average rate of 11.0¢/kWh is 31.2% below the New Mexico state average of 16.0¢/kWh. Residents enjoy some of the lower rates in the state.