U.S. residential electricity EIA data: July 2026 US average 18.3¢/kWh Updated

Kitchen · New Mexico

How Much Does It Cost to Run an Electric Oven in New Mexico?

The short answer

In New Mexico, an electric oven drawing 3,000W costs about $0.29 per hour — roughly $8.81 a month if it runs 1 hour a day.

New Mexico’s average residential rate was 16.1¢ per kWh in July 2026 (EIA), 12% below the US average.

Source: U.S. EIA, July 2026 data · Updated

Electric Oven cost by daily use in New Mexico

Cost at 16.1¢/kWh, the New Mexico average (EIA, Jul 2026)
Daily usekWh/monthPer dayPer monthPer year
1 hour/day 54.8 $0.29 $8.81 $106
2 hours/day 109.5 $0.58 $17.62 $211
4 hours/day 219.0 $1.16 $35.24 $423
8 hours/day 438.0 $2.32 $70.48 $846
12 hours/day 657.1 $3.48 $106 $1,269
24 hours/day 1,314.1 $6.95 $211 $2,537

New Mexico vs other states

At typical use, an electric oven costs $106 a year in New Mexico — $210 less than in Hawaii and $22.14 more than in Louisiana.

New Mexico has the 26th-most-expensive residential electricity of the 50 states and DC. electricity prices in New Mexico · all states ranked

Electricity price trend in New Mexico

16.1¢/kWh in July 2026 — ▲ +1.8% from a year earlier.

How to lower the cost of running an electric oven

Electric ovens use their full wattage during preheating, then switch the elements on and off to hold the set temperature. On average, a 3,000W oven baking at 350°F uses roughly 60% of its rated power — about 1.8 kWh per hour. Convection mode can shorten cooking times by about 25%, and a smaller appliance like an air fryer or toaster oven uses far less energy for small meals.

  • Skip preheating for long roasts and casseroles where precise timing doesn't matter.
  • Use convection mode and lower the temperature by 25°F.
  • Cook several dishes at once, and use the air fryer or microwave for small portions.

Questions

Frequently asked questions

How much does it cost to run an electric oven for 24 hours in New Mexico?

Running a 3,000W electric oven for 24 hours uses about 43.2 kWh, which costs about $6.95 at New Mexico’s average rate of 16.1¢/kWh.

How many kWh does an electric oven use per month?

At 1 hour a day, a typical electric oven uses about 54.8 kWh a month. In New Mexico that costs $8.81.

Is it expensive to run an electric oven in New Mexico?

New Mexico has the 26th-most-expensive residential electricity of the 50 states and DC at 16.1¢/kWh — close to the middle of the pack. Running an electric oven here costs about $106 a year at typical use, compared with $120 at the national average rate.

What is the electricity rate in New Mexico right now?

The average residential electricity rate in New Mexico was 16.1¢ per kWh in July 2026, according to the latest EIA data — up 1.8% from a year earlier.

How much electricity does an oven use per hour?

About 2–3 kWh per hour on average for a typical electric oven at 350°F, since the elements cycle once the oven is hot.

Sources & method