How Public Service Co of NM compares with the utilities next door
| Utility | 2024 ¢/kWh | Customers | Δ vs Public Service Co of NM, ¢/kWh | $/yr difference |
|---|---|---|---|---|
| Central Valley Elec Coop, Inc | 8.91 | 6,150 | -6.66 | -$720 |
| El Paso Electric Co | 10.16 | 94,760 | -5.41 | -$584 |
| Southwestern Public Service Co | 11.98 | 100,540 | -3.59 | -$388 |
| City of Farmington | 12.69 | 35,990 | -2.88 | -$311 |
| Farmers Electric Coop, Inc | 12.87 | 10,258 | -2.71 | -$292 |
| Jemez Mountains Elec Coop, Inc | 15.36 | 28,093 | -0.21 | -$23 |
| Public Service Co of NM (this page) | 15.57 | 492,945 | — | — |
| Continental Divide El Coop Inc | 16.02 | 20,415 | +0.45 | +$48 |
| Navajo Tribal Utility Authority | 16.53 | 9,834 | +0.96 | +$104 |
| Central New Mexico El Coop, Inc | 17.16 | 19,126 | +1.59 | +$172 |
| Otero County Electric Coop Inc | 17.65 | 16,448 | +2.08 | +$225 |
10 bundled utilities (≥5,000 customers) share at least one county with Public Service Co of NM. Positive $/yr = that utility's customers pay more than Public Service Co of NM customers at the same usage. Territories are fixed by address — these gaps measure cost differences between areas, not options you can pick between.
Where Public Service Co of NM customers pay more (county benchmark)
| County | Cheapest utility in county | Their ¢/kWh | Public Service Co of NM premium, $/yr |
|---|---|---|---|
| Grant | Central Valley Elec Coop, Inc | 8.91 | +$720 |
| Hidalgo | Central Valley Elec Coop, Inc | 8.91 | +$720 |
| Otero | Central Valley Elec Coop, Inc | 8.91 | +$720 |
| Dona Ana | El Paso Electric Co | 10.16 | +$584 |
| Luna | El Paso Electric Co | 10.16 | +$584 |
| Curry | Southwestern Public Service Co | 11.98 | +$388 |
| San Juan | City of Farmington | 12.69 | +$311 |
| San Miguel | Farmers Electric Coop, Inc | 12.87 | +$292 |
Multiple utilities in one county means adjoining territories, not household choice — you cannot switch wires companies. Showing the 8 highest-premium counties of 19 served.
Rate trend and size
| Metric | 2023 | 2024 | Change |
|---|---|---|---|
| Average price, ¢/kWh | 15.21 | 15.57 | +2.4% |
| Residential customers | 488,458 | 492,945 | +0.9% |
Ownership: Investor Owned. Statewide context: New Mexico electricity rates.
Supply vs delivery on a Public Service Co of NM bill
New Mexico is a regulated retail market — Public Service Co of NM customers cannot choose a different supplier; rates are set in utility-commission proceedings. Official information: nm-prc.org.
Counties served (NM, EIA-861 2024)
Bernalillo · Catron · Cibola · Curry · Dona Ana · Grant · Hidalgo · Lincoln · Luna · McKinley · Otero · San Juan · San Miguel · Sandoval · Santa Fe · Socorro · Torrance · Union · Valencia
Head-to-head comparisons
- Public Service Co of NM vs Southwestern Public Service Co
- Public Service Co of NM vs El Paso Electric Co
Questions people ask
- Is Public Service Co of NM more expensive than other New Mexico utilities?
- Public Service Co of NM customers paid an average 15.57 cents/kWh in 2024 — 10% above the New Mexico volume-weighted average of 14.10 cents (EIA-861, bundled residential service).
- Can I switch away from Public Service Co of NM?
- No — distribution territory is fixed by address and New Mexico has no residential supplier shopping. Rate changes go through the state utility commission (nm-prc.org).
- How many customers does Public Service Co of NM have?
- 492,945 residential customers in New Mexico in 2024 across 19 counties, per its EIA-861 federal filing. Ownership type: investor-owned.