Electricity rates in Albuquerque, NM
Albuquerque (population 556,588) is served by PNM (Public Service Company of New Mexico). A typical home on its cheapest plan open to any household, 1A, pays about $112 a month, 17.20¢ per kWh all-in: 12% above the New Mexico average of the last 12 months.
Utility PNMPopulation Census 2025 estimateState average EIA, 12 months to August 2026
Typical all-in price1A
PNM plans for an Albuquerque home
| Plan | Typical bill | All-in ¢/kWh | Summer weekday windows | EV, 1,000 mi |
|---|---|---|---|---|
| 1A | $112/mo | 17.20 | Same price all day | $52/mo |
Typical bill: average New Mexico use of 648 kWh a month, shaped hour by hour (NREL ResStock), averaged over the year. EV: Tesla Model Y Long Range AWD, 275 kWh a month from the wall, charging from its cheapest start hour. Full PNM tariff details and sources.
Albuquerque electricity: common questions
Who provides electricity in Albuquerque, NM?
The center of Albuquerque lies in PNM (Public Service Company of New Mexico)’s retail service territory, according to the federal service-territory map built from EIA-861 data. Territories are drawn approximately, so homes near the city limits can be served by another utility or cooperative; the name on your bill is the authority.
How much is electricity per kWh in Albuquerque?
On PNM’s 1A plan, a typical New Mexico home using 648 kWh a month pays about 17.20¢ per kWh all-in before taxes, or $112 a month. The New Mexico average over the last 12 months was 15.31¢ (EIA).
How much does it cost to charge an EV in Albuquerque?
Driving 1,000 miles a month in a Tesla Model Y Long Range AWD adds about $52 a month on PNM’s 1A plan when charging starts at its cheapest hour, against about $149 of gasoline for a 25.5 mpg car.
Calculators with PNM preloaded
Other cities in New Mexico
Sources: population, Census Bureau Vintage 2025 estimates; city location, Census Gazetteer; service territory, Electric Retail Service Territories (HIFLD/ORNL, from EIA-861); tariffs, see the PNM page.