What will the PNM rate increase pay for?
In a word, progress.
In the last five years, we’ve invested more than $650 million in the electric system to:
- Keep the lights on 24/7
- Protect the environment and
- Responsibly add cleaner energy, including solar.
These are benefits you are receiving but not yet paying for and it’s why we are asking for a reasonable increase to electric rates.
The fuel charge you pay each month went down in January and will significantly offset the impact of our increase if it is approved.
So, to explain how this may increase your bill this year:
- Customers living in the Albuquerque metro area (including communities in Bernalillo, Sandoval & Valencia Counties), Santa Fe, Las Vegas, Clayton, Deming and Tribal communities, click here
- Customers living in Alamogordo, Ruidoso, Ruidoso Downs, Tularosa, Silver City, Lordsburg, Bayard, Santa Clara, Gila, Hurley and Cliff, click here
No one likes their bills to go up, but as PNM recovers the investments made to keep our electric system reliable, environmentally friendly and affordable, customers will also enjoy some relief. At the same time, your PNM electric bill will remain a good, affordable value.
Our Radio Message to Customers: