New Mexico Electric Rates Skyrocket with More Increases on the Way
August 23, 2021
From May of 2020 through May of this year, New Mexico “enjoyed” some of the fastest-growing electric rates in the country. You can’t say you weren’t warned. According to this report at Choose Energy, New Mexico’s electric bills are up 8.7 percent over last year, the 6th highest increase in the nation. The increase comes at a time when many states are seeing their rates decrease. The state with the highest increase? You guessed it, California’s electric bills are up over 21 percent from last year and they now pay the most of any of the lower 48 states. In…