Public Service Company of New Mexico

About Public Service Company of New Mexico

Public Service Company of New Mexico is an investor owned entity serving the state of New Mexico, including cities like Albuquerque, Rio Rancho, Santa Fe, South Valley CDP, and Alamogordo. At the moment, there are 549,567 customers of the provider. About 0.03% of them are industrial accounts, 10.81% are commercial customer accounts and 89.16% are residential customers. Consumers of Public Service Company of New Mexico purchase electricity for, on average, 15.18 cents per kilowatt hour. While this is higher than the state average rate of 14.34 cents per kilowatt hour, it is below the United States average of 15.76 cents. They sold 7,413,299 megawatt hours through wholesale channels to other electricity suppliers in 2022. The electricity sourced by the company is made up of multiple electricity sources including 9,122,059 megawatt hours generated in power plants owned by the company and 9,870,024 megawatt hours acquired by way of the wholesale electricity market. In 2022, the provider made a total of $1,775,337,500 from business activities relating to the sale and transfer of electricity. They had 31.01% of their revenue come from wholesale electricity sales and 59.61% from retail sales to end users.

The New Mexico average monthly residential electric bill is $89.23, while the Public Service Company of New Mexico average is 1.44% lower at $87.28 per month. This is the 15th lowest average monthly bill amount for a supplier in the state. Production plants owned by or associated with Public Service Company of New Mexico produce 9,625,836.84 megawatt hours, which is the 133rd highest of any provider in the United States. The supplier produces 9,489,321.18 megawatt hours from non-renewable fuel sources a year. This ranks them 112th out of 3526 companies in the nation. The supplier produces a total of 3,147,682.66 megawatt hours from coal usage, which is the 84th most in the US out of 3526 providers.