In New Mexico, natural gas choice is available to consumers by law, however, current participation is low.
The state of New Mexico is rich in natural resources, ranking third in the production of natural gas and second in reserves. For coal production, New Mexico ranks 13th. The state exports more than 80 percent of its natural gas and 40 percent of its coal, both sold on very competitive markets.
Below are the October prices for residential and industrial natural gas in the state.
| State | Latest rate (dollars/thousand cubic feet) | Rank | % Change |
| New Mexico residential | 16.47 | 12 | 32.1 |
| New Mexico industrial | 5.03 | ||
| US average residential | 19.94 | 12.5 | |
| US average industrial | 4.73 | 14.0 |