What is the average electricity rate in Madrid, New Mexico?

The average residential electricity rate in Madrid is approximately 14.40¢/kWh per kWh. The average household pays around $84 per month for electricity.

What is the average natural gas bill in Madrid?

Natural gas customers in Madrid pay an average of $53 per month. The rate is approximately $0.88/therm per therm.

Which electric company serves Madrid, New Mexico?

Electricity in Madrid is distributed by Public Service Company of New Mexico (PNM) and Xcel Energy New Mexico. Contact your provider at your local service address to confirm which utility serves your home.

Which gas company serves Madrid?

Madrid natural gas service is provided by New Mexico Gas Company (NMGC) and Southwest Gas Corporation. Call them directly for new service connections or to report a gas leak.

How do Madrid electricity rates compare to New Mexico averages?

Madrid's electricity rate of 14.40¢/kWh is above the New Mexico state average of 14.12¢/kWh. Urban areas often have higher distribution costs.

How do I start or stop utility service in Madrid?

To start electric service in Madrid, contact Public Service Company of New Mexico (PNM) and Xcel Energy New Mexico. For gas service, contact New Mexico Gas Company (NMGC) and Southwest Gas Corporation. You'll typically need a photo ID, your new address, and a move-in date. Service can usually be established within 1-3 business days.

Madrid, New Mexico Gas & Electricity Rates — Utility Providers & Savings 2026

Gas & Electricity in Madrid, New Mexico

Madrid residents in New Mexico receive electric service through Public Service Company of New Mexico (PNM) and natural gas distribution from New Mexico Gas Company (NMGC). New Mexico's energy assistance programs, including LIHEAP and weatherization, are available to income-qualified Madrid households.

Compared to the New Mexico state average of 14.12¢/kWh/kWh, Madrid's electricity rate of 14.40¢/kWh is 0.28¢ above the New Mexico average. As New Mexico has a regulated market, your utility is determined by your address.

Electric Utility in Madrid

Public Service Company of New Mexico (PNM)
Xcel Energy New Mexico
El Paso Electric
Central New Mexico Electric Cooperative

Natural Gas Utility in Madrid

New Mexico Gas Company (NMGC)
Southwest Gas Corporation

Madrid vs New Mexico Energy Rates

Metric	Madrid	New Mexico Average	US Average
Electric Rate (¢/kWh)	14.40¢	14.12¢	16.00¢
Gas Rate ($/therm)	$0.88	$0.88	$1.47
Monthly Electric Bill	$84	$82	$117
Monthly Gas Bill	$53	$53	$73

Energy Assistance Programs for Madrid Residents

As a New Mexico city, Madrid residents can access the following state and local assistance programs:

✅ New Mexico LIHEAP
✅ Low Income Weatherization Program
✅ PNM Energy Assistance
✅ Utility Discount Program (UDP)

Energy-Saving Tips for Madrid Residents

✓ Invest in a high-SEER air conditioner (18+) — it pays back quickly in Arizona heat.
✓ Use radiant barrier insulation in your attic — it reflects up to 97% of radiant heat.
✓ Run your AC at 78°F when home and use ceiling fans to feel 4°F cooler.
✓ Pre-cool your home in the morning before peak rates kick in (typically 3-8 PM).
✓ Arizona's sun makes solar + battery storage one of the best investments in the US.

FAQ — Gas & Electricity in Madrid, New Mexico

The average residential electricity rate in Madrid is approximately 14.40¢/kWh per kWh. The average household pays around $84 per month for electricity.
Natural gas customers in Madrid pay an average of $53 per month. The rate is approximately $0.88/therm per therm.
Electricity in Madrid is distributed by Public Service Company of New Mexico (PNM) and Xcel Energy New Mexico. Contact your provider at your local service address to confirm which utility serves your home.
Madrid natural gas service is provided by New Mexico Gas Company (NMGC) and Southwest Gas Corporation. Call them directly for new service connections or to report a gas leak.
Madrid's electricity rate of 14.40¢/kWh is above the New Mexico state average of 14.12¢/kWh. Urban areas often have higher distribution costs.
To start electric service in Madrid, contact Public Service Company of New Mexico (PNM) and Xcel Energy New Mexico. For gas service, contact New Mexico Gas Company (NMGC) and Southwest Gas Corporation. You'll typically need a photo ID, your new address, and a move-in date. Service can usually be established within 1-3 business days.