Electricity Prices
New Mexico's average electricity price is 13.0 cents per kilowatt-hour, close to the national average.
Electricity price per kWh (West region)
1979–2024BLS Average Price Data, annual average (APU040072610).
Natural gas price for power plants
1997–2025U.S. EIA Natural Gas Annual, price delivered to electric power consumers (N3045NM3).
| Indicator | New Mexico | U.S. |
|---|---|---|
| Electricity price (¢/kWh) | 13 | 12.9 |
Energy Production
New Mexico is the second-largest crude oil producing state in the U.S., pumping roughly 690 million barrels per year, mostly from the Permian Basin.
Natural gas marketed production
1967–2025U.S. EIA Natural Gas Annual, marketed production (N9050NM2).
| Indicator | New Mexico | U.S. |
|---|---|---|
| Oil production (M barrels/yr) | 690 | 4700 |
- •New Mexico surpassed North Dakota to become the 2nd-largest oil producer in the U.S.
Renewable Energy
Renewable sources, mainly wind and solar, supply about 45% of New Mexico's electricity generation, among the highest shares in the country.
Renewables share of total energy consumption
1960–2024U.S. EIA State Energy Data System, renewable energy (RETCB) ÷ total energy consumption (TETCB).
Renewable energy consumption
1960–2024U.S. EIA State Energy Data System, all renewable sources (RETCB), consumption in billion Btu.
Hydroelectric power
1960–2024U.S. EIA State Energy Data System, hydroelectric power (HYTCB), consumption in billion Btu.
| Indicator | New Mexico | U.S. |
|---|---|---|
| Renewable electricity share (%) | 45 | 21.4 |
Solar Energy
Solar power provides about 18% of New Mexico's electricity, benefiting from abundant sunshine across the state.
Solar energy consumption
1989–2024U.S. EIA State Energy Data System, solar, all uses (SOTCB), consumption in billion Btu.
| Indicator | New Mexico | U.S. |
|---|---|---|
| Solar electricity share (%) | 18 | 5.6 |
Wind Energy
Wind energy is New Mexico's largest renewable source, supplying about 27% of electricity generation from wind farms in the eastern plains.
Wind energy consumption
2003–2024U.S. EIA State Energy Data System, wind (WYTCB), consumption in billion Btu.
| Indicator | New Mexico | U.S. |
|---|---|---|
| Wind electricity share (%) | 27 | 10.2 |
Natural Gas
Natural gas provides about 28% of New Mexico's electricity generation and is a major export via the San Juan and Permian basins.
Residential natural gas price
1967–2025U.S. EIA Natural Gas Annual, price delivered to residential consumers (N3010NM3).
Natural gas consumption
1997–2024U.S. EIA Natural Gas Annual, total consumption (NA1490_SNM_2).
| Indicator | New Mexico | U.S. |
|---|---|---|
| Natural gas electricity share (%) | 28 | 43.1 |
Energy Consumption
New Mexico consumes energy at a moderate per-capita rate, with industrial oil & gas operations and residential cooling driving demand.
Total energy consumption
1960–2024U.S. EIA State Energy Data System, all sources (TETCB), consumption in billion Btu.
Transportation sector energy consumption
1960–2024U.S. EIA State Energy Data System, transportation sector (TEACB), consumption in billion Btu.
Natural gas consumption
1997–2024U.S. EIA Natural Gas Annual, total consumption.
| Indicator | New Mexico | U.S. |
|---|---|---|
| Per capita energy consumption (MMBtu) | 280 | 265 |