PNM customers should expect to see a more expensive electric bill following a new rate change this April.The state Public Regulation Commission said the average customer will see an increase of about $6.23 to their monthly utility bill. The previous rate increase happened in July 2025.These updated rates were made to ensure the state electric system remains reliable and ready for future energy needs safely. Below are details from the company on why rates were increased and what it will go to support.Wildfire preventionThe additional funding will support tree trimming and advancing technology to reduce fire risks.Grid upgradesOlder equipment will be replaced to ensure dependable service as New Mexico prepares and moves toward 100% clean energy.Energy storageLarge battery projects to store power and help reduce outages amid peak demand.The New Mexico Public Regulation Commission said the rate change has no relation to the proposal involving Blackstone Infrastructure acquiring PNM.
PNM customers should expect to see a more expensive electric bill following a new rate change this April.
The state Public Regulation Commission said the average customer will see an increase of about $6.23 to their monthly utility bill. The previous rate increase happened in July 2025.
These updated rates were made to ensure the state electric system remains reliable and ready for future energy needs safely. Below are details from the company on why rates were increased and what it will go to support.
Wildfire prevention
The additional funding will support tree trimming and advancing technology to reduce fire risks.
Grid upgrades
Older equipment will be replaced to ensure dependable service as New Mexico prepares and moves toward 100% clean energy.
Energy storage
Large battery projects to store power and help reduce outages amid peak demand.
The New Mexico Public Regulation Commission said the rate change has no relation to the proposal involving Blackstone Infrastructure acquiring PNM.
