How much does an electric oven cost to run in New Mexico?
$8.26 a month
- A day of use
- $0.27
- An hour of running
- $0.27
- A year
- $99.16
1,804 W, 1 hour a day of cooking, at New Mexico’s average rate of 15.1¢ per kWh (EIA, June 2026). How we calculate this
Change the watts, hours or rate
What it costs at other usage levels
| Use | A day | A month | A year |
|---|---|---|---|
| 1 hour a day typical | $0.27 | $8.26 | $99.16 |
| 2 hours a day | $0.54 | $16.53 | $198.33 |
| 4 hours a day | $1.09 | $33.05 | $396.66 |
| 8 hours a day | $2.17 | $66.11 | $793.31 |
| 24 hours a day | $6.52 | $198.33 | $2,379.94 |
A typical model draws about 1,804 W (Xcel Energy).
New Mexico compared with other states
New Mexico’s residential rate is the 14th cheapest of 51 states and DC, 3.3¢ below the US average of 18.3¢ (−18%). New Mexico’s rate is up 0.4¢ from June 2025 (14.7¢, +2.6%).
A cheaper way to do the same job
- A toaster oven for the same cooking time would cost $5.61 a month, saving $2.65 a month and $31.83 a year.
Ways to spend less
- Use the toaster oven or microwave for small portions.
- Skip preheating for anything that cooks longer than an hour.
- Keep the door shut: every look lets heat out.
- Cook two dishes at once when you do use it.
Questions
How much does it cost to run an electric oven per hour?
About $0.27 an hour in New Mexico. An electric oven at 1,804 W uses 1.80 kWh per hour, and at New Mexico’s average of 15.1¢ per kWh that comes to $0.27.
How much does an electric oven add to your electric bill?
Used 1 hour a day of cooking, about $8.26 a month in New Mexico, or $99.16 a year.
How much does it cost to run an electric oven 24 hours a day?
Running nonstop, an electric oven would use 43.3 kWh a day and cost $6.52 a day, or $198.33 over an average month in New Mexico.
How many watts does an electric oven use?
A typical model draws about 1,804 W (Xcel Energy). Check the label on yours: cost scales directly with watts, so a 20% lower wattage means a 20% lower bill.
Is it cheaper to run an electric oven or a toaster oven?
Using a toaster oven for the same cooking time instead would cost about $5.61 a month instead of $8.26, saving $2.65 in New Mexico.
Why does an electric oven cost more or less to run in New Mexico than elsewhere?
New Mexico’s residential rate is the 14th cheapest of 51 states and DC, 3.3¢ below the US average of 18.3¢ (−18%). New Mexico’s rate is up 0.4¢ from June 2025 (14.7¢, +2.6%). The appliance uses the same energy everywhere; only the price per kWh changes.
Sources
- Xcel Energy: Colorado appliance load sheet
- U.S. Energy Information Administration, Electric Power Monthly, Table 5.6.A: average price of electricity to ultimate customers, residential, June 2026 Figures transcribed from republications of this table on September 26, 2026; pending direct verification from the EIA API.
- Carrier page: June 2026 residential average price, citing EIA Electric Power Monthly Table 5.6.A
Usage assumptions (hours a day, season) are ours and listed on the methodology page. Found an error? Tell us.