PNM
PNM is a electric only utility serving 540,000 customers in New Mexico. Average residential rate: 15.34¢/kWh (10.9% below national average).
15.34¢
per kWh
540,000
customers
NM
state
Electric Only
service type
Rate Comparison
| Metric | PNM | New Mexico Avg | National Avg |
|---|---|---|---|
| Avg Rate | 15.34¢/kWh | 15.34¢/kWh | 17.22¢/kWh |
| Est. Monthly Bill (900 kWh) | $138.06 | $138.06 | $154.98 |
| Est. Annual Bill (900 kWh/mo) | $1,656.72 | $1,656.72 | $1,859.76 |
About PNM
PNM is one of the major electric utilities serving New Mexico. With 540,000 customers, it ranks among the mid-sized utilities in the state.
The utility's average rate of 15.34¢/kWh is 10.9% below the national average of 17.22¢/kWh.
Visit the official PNM website for current rates, outage maps, and payment options.
Other Utilities in New Mexico
| Utility | Rate (¢/kWh) | Customers | Type |
|---|---|---|---|
| El Paso Electric NM | 14.80¢ | 100,000 | electric |
Explore More
Was this data helpful?
Data verified March 2026 · Source: U.S. Energy Information Administration (EIA)