Electricity Rates Comparison
Data from U.S. Energy Information Administration (EIA) · November 2025
| Metric | New Mexico | Oklahoma | National Avg |
|---|---|---|---|
| Residential Rate (¢/kWh) | 15.61¢ | 13.34¢ | 17.24¢ |
| Commercial Rate (¢/kWh) | 10.78¢ | 8.60¢ | — |
| Industrial Rate (¢/kWh) | 5.13¢ | 5.96¢ | — |
| Avg Monthly Bill | $102.11 | $143.95 | $152.02 |
| Avg Monthly Usage (kWh) | 654 | 1,079 | — |
| Market Type | regulated | regulated | — |
Oklahoma has a lower residential electricity rate at 13.34¢/kWh compared to New Mexico's 15.61¢/kWh — a difference of 2.27¢/kWh (17.0%).
The average monthly electric bill in New Mexico is $102.11 (654 kWh/month), while in Oklahoma it is $143.95 (1079 kWh/month). The national average is $152.02.
New Mexico has a regulated electricity market, while Oklahoma has a regulated market.
The national average residential rate is 17.24¢/kWh. New Mexico is below the national average at 15.61¢/kWh, and Oklahoma is below the national average at 13.34¢/kWh.
Compare Oklahoma's two major utilities and find the best rate options for your home.
Understanding electricity rates in Arkansas and Oklahoma.
Understanding electricity rates in the Land of Enchantment.
Compare electricity rates across Florida's major utilities and find the best rate plan for your home.