ZIP Code 88240 Electricity Data

Electricity Rates and Usage in Hobbs, NM (88240)

New Mexico

A Detailed Snapshot of Electricity in the ZIP Code 88240

Electricity data about ZIP Code 88240, which is associated with Hobbs, NM in Lea County. Learn various electricity statistics and other data about ZIP Code 88240 in the United States. View commercial, industrial and residential electricity rates in ZIP Code 88240 to those in New Mexico and also tho those in the U.S. as a whole. In addition, compare both historical and current electricity usage in this Lea County region.

Electricity Rates in ZIP Code 88240

View the charts and tables below for a snapshot of how electricity rates in ZIP Code 88240 (Hobbs, NM) compare to rates in New Mexico and to the U.S. overall.

Monthly Electricity Rates Comparison

Line chart displaying residental electricity rates for ZIP Code 88240, the U.S. and New Mexico. This chart visualizes the comparison between the three groups. kWh: Kilowatt-hour

Residential Electricity Rates in 88240

The average residential electricity rate in ZIP Code 88240 of 7.63¢/kWh is lower than the average residential rate in the state of New Mexico overall.

ZIP Code 88240 vs. New Mexico

New Mexico's average residential electricity rate of 13.65¢/kWh is approximately 79% higher than the 7.63¢/kWh 88240 average rate.

ZIP Code 88240 vs. the U.S.

Additionally, the average residential electricity rate of 15.73¢/kWh in the U.S. overall is an estimated 106% higher than the average residential rate in 88240.

ZIP Code 88240 vs. New Mexico vs. U.S.

See the table below for a comparison of residential, commercial, and industrial electricity rates in ZIP Code 88240, New Mexico, and also in the U.S. as a whole.

Region Residential Commercial Industrial
ZIP Code 88240 7.63¢/kWh 6.64¢/kWh 4.15¢/kWh
New Mexico 13.65¢/kWh 10.39¢/kWh 5.47¢/kWh
United States 15.73¢/kWh 12.39¢/kWh 7.66¢/kWh

All Electricity Rates in ZIP Code 88240

Bar chart displaying an electricity comparison for ZIP Code 88240. This visualizes rates in 88240 compared to both the U.S. and New Mexico. kWh: Kilowatt-hour

Electricity Usage in ZIP Code 88240

View the charts and tables below for electricity usage estimates and comparisons for ZIP Code 88240. See how this Lea County region compares to other regions in New Mexico.

Monthly Electricity Usage Comparison

This chart visualized the estimated monthly electricity usage rates in ZIP Code 88240 versus the average electricity usage a ZIP Code in New Mexico.

Line chart displaying estimated residental electricity usage in ZIP Code 88240. The chart compares 88240 to other regions in New Mexico. MkWh: Million Kilowatt-hours

Electricity Usage in ZIP Code 88240

Month ZIP Code 88240 Average NM ZIP New Mexico
Jan 2023 11.08 MkWh 1.52 MkWh 648 MkWh
Feb 2023 9.91 MkWh 1.36 MkWh 580 MkWh
Mar 2023 9.11 MkWh 1.25 MkWh 533 MkWh
Apr 2023 7.84 MkWh 1.07 MkWh 459 MkWh
May 2023 8.69 MkWh 1.19 MkWh 508 MkWh
Jun 2023 10.63 MkWh 1.46 MkWh 622 MkWh
Jul 2023 15.15 MkWh 2.08 MkWh 886 MkWh
Aug 2023 14.51 MkWh 1.99 MkWh 849 MkWh
Sep 2023 11.13 MkWh 1.52 MkWh 651 MkWh
Oct 2023 8.74 MkWh 1.2 MkWh 511 MkWh
Nov 2023 8.61 MkWh 1.18 MkWh 504 MkWh
Dec 2023 10.3 MkWh 1.41 MkWh 602 MkWh
MkWh: Million Kilowatt-hours

Electricity FAQs for ZIP Code 88240

1

What is the average residential electricity rate in ZIP Code 88240?

According to National Renewable Energy Laboratory (NREL), the average residential electricity rate in ZIP Code 88240 in Lea County in New Mexico is 7.63¢/kWh.
2

Which utility company serves electricity customers in ZIP Code 88240?

According to the National Renewable Energy Laboratory (NREL), the primary utility company serving this Lea County region in New Mexico is Southwestern Public Service Co.

* All electricity rates and electricity usage data referenced here originate from the National Renewable Energy Laboratory (NREL) and/or the U.S. Energy Information Administration (EIA). Estimates utilize regional U.S. Census Bureau data along with regional NREL and/or EIA data.

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