PNM Resources
Electricity Rates, Plans & Statistics
High Power Bills?
Reduce or replace your electricity bill with solar
About PNM Resources
PNM Resources provides electricity to 9 counties and is considered an investor owned organization. A total of 185 industrial customers, 59,392 commercial accounts and 489,990 residential customer accounts are supplied electricity by the provider. PNM Resources' consumers are billed an average residential electricity rate of 15.18 cents per kilowatt hour. Unfortunately, this is 5.81% more than New Mexico's average rate of 14.34 cents. Approximately 9,517,034 megawatt hours were sold by the supplier to retail accounts in 2022 and 7,413,299 megawatt hours were sold to other providers via whole channels. The electricity sourced by PNM Resources is made up of multiple sources including megawatt hours they produce in their power plants and supplementary megawatt hours purchased via wholesale channels. These categories make up 47.99% and 51.92%, respectively, of all electricity sourced by the company. In 2022, the provider made a total of $1,058,302,500 from retail electricity sales and a total of $550,508,400 on the wholesale electricity market.
Customers of the supplier have an average residential power bill of $87.28. This is 35.51% below the US average bill of $135.34. They rank 355th in the country out of the 3526 companies we track for their ratio of renewable versus non-renewable fuel types used. The provider ranks 41st in the United States out of 3526 companies for megawatt hours generated from solar energy sources. Electricity production plants owned or managed by the provider use non-renewable fuel sources to generate 92.77% of their total electricity production, or 9,489,321.18 megawatt hours. This amount ranks them at 112th in the US out of 3526 companies.
Consumers of PNM Resources can take advantage of net metering solutions, which is a positive for both parties. The purchase of solar panels and alternative electricity sources is often prohibitively priced for individuals. Net metering allows purchasers of these electricity sources to sell extra electricity back to the electricity company, making the installation of these alternative sources economically viable.
Providers routinely report energy lost through electricity transmission to government agencies who track infrastructure efficiencies. PNM Resources recently reported a loss of 10.84% of the electricity generation amount. This percentage of loss gives them a ranking of 14th best out of 30 suppliers who report energy loss in the state.
PNM Resources Rate & Electric Bills
PNM Resources residential electric rates are highest in September and the highest average bill is in July.
Historical Electricity Rates:
Go Solar for less than your cell phone bill.
PNM Resources Overview
- Company Type:Investor Owned
- Parent Company:Avangrid
- Subsidiary Company:Public Service Company of New Mexico
- Headquarters:414 Silver Avenue Southwest
Albuquerque, New Mexico 87103
United States of America - CEO:Patricia K. Collawn
PNM Resources Contact
- Website:www.pnmresources.com
- Customer Service Phone:(888) 342-5766
- Contact Page:www.pnmresources.com
PNM Resources Service
- States Served:
- New Mexico
- Counties Served:
- Bernalillo County
- Santa Fe County
- Sandoval County
- Valencia County
- Otero County
- Major Cities Served:
- Albuquerque
- Rio Rancho
- Santa Fe
- South Valley CDP
- Alamogordo
- Los Lunas
- Deming
- Las Vegas
- North Valley CDP
- Silver City
Quick Facts About PNM Resources
PNM Resources is 47th in the US out of 3526 companies for total megawatt hours generated from nuclear power.
As the 117th highest producer of electricity in the country, PNM Resources produces 10,229,024.84 megawatt hours of electricity.
PNM Resources produces 3,147,682.66 megawatt hours of electricity from the burning of coal, ranking PNM Resources 84th out of 3526 electricity providers in the United States.
PNM Resources' electricity plants generate 3,082,028.64 megawatt hours from the use of natural gas.
Energy Loss
PNM Resources' energy loss due to business operations.
Total Energy Loss
2,059,785MWh
1401 National Rank
PNM Resources Energy Makeup
Go Solar for less than your cell phone bill.
PNM Resources Coverage Map
PNM Resources State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| New Mexico | 549,567 | 1,125,877,000 | 1 | 100% |
PNM Resources County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Bernalillo County | 672,508 | 3 | 15.28 | $90.22/mo |
| Grant County | 28,178 | 4 | 15.86 | $103.18/mo |
| Hidalgo County | 4,214 | 3 | 17.08 | $124.73/mo |
| Lincoln County | 20,084 | 4 | 17.83 | $109.52/mo |
| Luna County | 25,282 | 4 | 16.58 | $116.77/mo |
| Otero County | 68,823 | 4 | 17.44 | $110.09/mo |
| Sandoval County | 153,501 | 3 | 14.08 | $82.19/mo |
| Santa Fe County | 155,664 | 4 | 15.77 | $94.84/mo |
| Valencia County | 78,080 | 4 | 15.65 | $88.41/mo |
Power Plants Owned by PNM Resources
| Plant | City/County | State | Primary Fuel Type | Production (MWh) | Emission (kg) | Emissions/MWh | Toxic Chemical Release | Closing Date |
|---|---|---|---|---|---|---|---|---|
| Maricopa County | AZ | Nuclear | 31,854,547 | |||||
| San Juan County | NM | Coal | 7,902,458.01 | 7,652,572,190.15 | 968.38 | |||
Luna Energy FacilityPublic Service Company of New Mexico (33.30%)Tucson Electric Power (33.30%)Samchully Power & Utilities 1 LLC (33.40%) | Deming | NM | Natural Gas | 3,669,664 | 1,427,869,166.78 | 389.1 | ||
Afton Generating StationPublic Service Company of New Mexico (100.00%) | Doña Ana County | NM | Natural Gas | 1,160,278 | 478,808,876.84 | 412.67 | ||
| Albuquerque | NM | Natural Gas | 348,764 | 240,060,313.08 | 688.32 | |||
| Sandoval County | NM | Solar | 141,769 | |||||
| Torrance County | NM | Solar | 140,104 | |||||
Prosperity Energy Storage Facility HybridPublic Service Company of New Mexico (100.00%) | Bernalillo County | NM | Solar | 547.66 |
PNM Resources Fuel Makeup
Cities PNM Resources Has Coverage
- Alamogordo, NM
- Albuquerque, NM
- Bayard, NM
- Belen, NM
- Bernalillo, NM
- Bosque Farms, NM
- Clayton, NM
- Corrales, NM
- Deming, NM
- Hurley, NM
- Las Vegas, NM
- Lordsburg, NM
- Los Lunas, NM
- Peralta, NM
- Rio Communities, NM
- Rio Rancho, NM
- Ruidoso, NM
- Ruidoso Downs, NM
- Santa Clara, NM
- Santa Fe, NM
- Silver City, NM
- Tularosa, NM
* City coverage generated based on government data. Always verify you can get service from the provider.
PNM Resources Reviews
Write a Review of PNM Resources
PNM Resources FAQ:
How many counties does PNM Resources sell electricity to?
PNM Resources provides electricity in 9 counties in the country.
How much is the average bundled bill for PNM Resources customers each month?
Customers of PNM Resources pay, on average, a monthly bundled bill of $87.28.
What is the average bundled electricity rate for PNM Resources customers?
PNM Resources' current average bundled electricity rate is 15.18 cents per kilowatt hour (¢/kWh), compared to the average New Mexico bundled rate of 14.34 cents and the average US rate of 15.76 cents.
What is the phone number for PNM Resources?
You can reach PNM Resources by phone via (888) 342-5766.
What company is PNM Resources owned by?
PNM Resources is owned by Avangrid.
What percentage of PNM Resources' electricity is generated from renewable fuel sources?
PNM Resources produces 7.23% of their electricity from renewable fuels.
How many power plants are owned by or associated with PNM Resources?
There are 8 power plants owned by or associated with PNM Resources.
What percentage of PNM Resources' electricity is generated from nonrenewable fuel types?
Electric facilities owned by or associated with PNM Resources generate 92.77% of their electricity using nonrenewable fuel sources.
Who is the CEO of PNM Resources?
The CEO of PNM Resources is Patricia K. Collawn.
What cities does PNM Resources provider electricity in?
PNM Resources supplies in 22 cities throughout the US.
Does PNM Resources have any subsidiary companies?
Public Service Company of New Mexico is owned by PNM Resources.
