Compare Colorado and New Mexico rates. New Mexico pays 0.74¢/kWh less than Colorado. See per-kWh rates, average bills, and usage.
Rate Comparison
Metric
Colorado
New Mexico
National Avg
Residential Rate
16.35¢/kWh
15.61¢/kWh
17.24¢/kWh
Avg Monthly Bill
$110.23
$102.11
$152.02
Monthly Usage
674 kWh
654 kWh
-
Market Type
regulated
regulated
-
Rate Rank (1=highest)
#21
#29
-
YoY Change
+15.1%
+14.3%
-
Key Findings
New Mexico has lower electricity rates at 15.61¢/kWh vs 16.35¢/kWh in Colorado (4.7% difference).
New Mexico residents pay about $8 less per month on average ($102.11 vs $110.23).
Colorado is a regulated market while New Mexico is regulated.
Both states have seen rate increases: Colorado +15.1% and New Mexico +14.3% year-over-year.
Frequently Asked Questions
Is electricity cheaper in Colorado or New Mexico?
New Mexico has lower residential electricity rates at 15.61¢/kWh compared to 16.35¢/kWh in Colorado, a difference of 0.74¢/kWh.
What is the average electric bill in Colorado vs New Mexico?
The average monthly electric bill is $110.23 in Colorado and $102.11 in New Mexico. The national average is $152.02.
Are Colorado and New Mexico electricity markets regulated?
Colorado has a regulated electricity market, while New Mexico has a regulated market. In deregulated markets, consumers can choose their electricity provider.
How can I verify my electricity bill in Colorado or New Mexico?
Upload your bill to Utility Check for an independent third-party verification. We check rate calculations, compare your plan to alternatives, and identify billing errors. Visit our How It Works page to learn more.