The average electricity bill in New Mexico varies depending on several factors, such as the size of the home, the number of people living in the home, and the location of the home. According to the U.S. Energy Information Administration, the average monthly residential electricity bill in New Mexico is $95.07, which is slightly lower than the national average of $115.49.
Several factors contribute to the cost of electricity in New Mexico. The state’s arid climate means that air conditioning is a necessity for many residents during the hot summer months, which can lead to higher energy bills. The cost of electricity in New Mexico also varies depending on the utility company that provides service to the area. The state has several utility companies, including PNM, El Paso Electric, and Xcel Energy.
The size of the home and the number of people living in the home also play a significant role in determining the monthly electricity bill. Larger homes with more occupants generally use more electricity than smaller homes with fewer occupants. The age of the home and its level of energy efficiency also impact the amount of electricity used and the resulting energy bill.
To reduce their electricity bills, New Mexico residents can take several steps to improve their home’s energy efficiency. These include upgrading to energy-efficient appliances, sealing air leaks, installing weatherstripping, and upgrading insulation. Using ceiling fans, adjusting thermostat settings, and turning off lights and appliances when not in use can also help reduce energy consumption and lower electricity bills.
The average electricity bill in New Mexico is slightly lower than the national average, but several factors can impact the cost of electricity for individual homeowners. By taking steps to improve energy efficiency, homeowners can reduce their monthly electricity bills and save money over time.
