PNM

Investor-owned utility (Public Service Co of NM), regulated by the New Mexico Public Regulation Commission. The average New Mexico home pays about $93 a month for electricity (EIA, 2024).

PNM rate increase 2026: no pending rate case right now

Its last case adds about $6 a month, effective April 1, 2026. Recent decisions are below. See every case in New Mexico, or get an alert when the next one is filed.

Decided

2024 rate case, phased through 2026

Approved Base rate case From Apr 2026

Your PNM bill rose in two steps under this settlement, with the second step landing April 1, 2026.

+$6a month

How to have a say

Rate cases are decided by the New Mexico Public Regulation Commission, which takes written comments on every docket and holds public hearings on the big ones. Comment deadlines and hearing dates are on each case page above when we have them.

Guides: how to comment and whether it helps, what "typical bill" means, how to read your bill.

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One email when a rate case is filed, gets a hearing date, or is decided for PNM. Nothing else.

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Corrections and tips: [email protected]. Every figure links to its source on the case page.