Colorado vs New Mexico Electricity Rates (2026)
New Mexico has 1.4% cheaper electricity than Colorado. New Mexico residents pay 15.34¢/kWh compared to 15.56¢/kWh in Colorado, saving about $15.00/month on average.
Colorado
15.56¢
per kWh
$115/mo
New Mexico
15.34¢
per kWh
$100/mo
Detailed Rate Comparison
| Metric | Colorado | New Mexico | National Avg |
|---|---|---|---|
| Residential Rate | 15.56¢/kWh | 15.34¢/kWh | 17.22¢/kWh |
| Commercial Rate | 11.85¢/kWh | 12.08¢/kWh | - |
| Industrial Rate | 8.49¢/kWh | 7.36¢/kWh | - |
| Avg Monthly Bill | $115 | $100 | $134 |
| Renewable Energy | 30.0% | 28.0% | ~22% |
| Primary Source | Natural Gas | Natural Gas | - |
Appliance Running Costs: Colorado vs New Mexico
Monthly cost to run common household appliances in each state.
| Appliance | CO | NM | Savings |
|---|---|---|---|
| Air Purifier | $5.60 | $5.52 | NM saves $0.08 |
| Blender | $0.19 | $0.18 | NM saves $0.00 |
| CFL Bulb (13W) | $0.49 | $0.48 | NM saves $0.01 |
| Cable / Satellite Box | $3.92 | $3.87 | NM saves $0.06 |
| Ceiling Fan | $4.20 | $4.14 | NM saves $0.06 |
| Central Air Conditioner | $130.70 | $128.86 | NM saves $1.85 |
| Chest Freezer | $8.96 | $8.84 | NM saves $0.13 |
| Clothes Dryer (Electric) | $14.00 | $13.81 | NM saves $0.20 |
| Coffee Maker | $1.05 | $1.04 | NM saves $0.01 |
| Crypto Mining Rig | $168.05 | $165.67 | NM saves $2.38 |
| Dehumidifier | $16.80 | $16.57 | NM saves $0.24 |
| Desktop Computer | $7.47 | $7.36 | NM saves $0.11 |
| Dishwasher | $8.40 | $8.28 | NM saves $0.12 |
| Electric Baseboard Heater | $46.68 | $46.02 | NM saves $0.66 |
| Electric Fireplace | $26.14 | $25.77 | NM saves $0.37 |
Bottom Line: Colorado vs New Mexico
New Mexico is the more affordable state for electricity, with rates 1.4% lower than Colorado. An average household would save about $180.00/year by living in New Mexico.
Colorado gets its electricity primarily from Natural Gas with 30.0% renewable, while New Mexico relies on Natural Gas with 28.0% renewable.
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Frequently Asked Questions
Is electricity cheaper in Colorado or New Mexico?
Electricity is cheaper in New Mexico at 15.34¢/kWh compared to Colorado at 15.56¢/kWh. That's a 1.4% difference, saving about $15.00/month on an average residential bill.
What is the average electricity bill in Colorado vs New Mexico?
The average monthly electricity bill is $115 in Colorado and $100 in New Mexico. The national average is $134.
Which state uses more renewable energy, Colorado or New Mexico?
Colorado has a higher renewable energy percentage at 30.0%, compared to 28.0% in New Mexico.
What are the main energy sources in Colorado and New Mexico?
Colorado primarily uses Natural Gas, while New Mexico relies on Natural Gas.
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Data verified March 2026 · Source: U.S. Energy Information Administration (EIA)