ForgeAsset / Utilities / Public Service Company of New Mexico (PNM)

Public Service Company of New Mexico (PNM) Rate 3F EV Charging — EV fast-charging electricity cost

PNM Rate 3F EV Charging is the filed rate schedule ForgeAsset models for DC fast-charging sites in Public Service Company of New Mexico territory in New Mexico. Energy prices at 10.7¢/kWh–21.0¢/kWh by time of day; the demand side bills none (energy-only). For one reference Supercharger site held constant across the whole library, that works out to 15.4¢/kWh per dispensed kWh — rank 4 of 86 filed tariffs (1 = least expensive).

Modeled rates

PNM's filed non-residential EV-charging schedule: time-of-use energy with no demand charge at all — the cheapest EV-specific design in the covered set at charging-site load factors. Rates fold the fuel, renewable, and efficiency riders plus Albuquerque's 7.625% gross receipts tax; Santa Fe sites run slightly higher. About $218 per month of fixed charges (customer charge plus two fixed riders) is not modeled. The fuel factor resets on a six-month cycle.

Source: Public Service Company of New Mexico (PNM) filed rate schedule. Rates are digit-verified against the utility's own filed sheets and update within two weeks of any revision; derivations are on the methodology page.

What the reference site pays here

Reference site: 8 Tesla V4 stalls at 235 kWh/stall/day (57,183 kWh dispensed per month), a 150kW per-stall demand assumption, the model's default time-of-use mix, and a 12% loss gross-up — identical to the full utility ranking, where this tariff sits at position 4 of 86.

The rest of the New Mexico picture

The tariff is one layer. State taxes, incentives, clean-fuels programs, and the charging market shape the remainder — Tesla Supercharger ROI in New Mexico covers them, and the US Supercharger Economics Map shows every US Supercharger over utility territories colored by this same effective-cost derivation.

Public Service Company of New Mexico (PNM) Rate 3F EV Charging — questions

What does Public Service Company of New Mexico (PNM) charge for energy on Rate 3F EV Charging?

The modeled rates are 10.7¢/kWh–21.0¢/kWh by time of day. At the model's default time-of-use mix (30% peak, 45% off-peak, 25% super-off-peak) that blends to 13.7¢/kWh.

Does Rate 3F EV Charging carry a demand charge?

No separable demand charge is billed under the modeled structure — the cost sits in the energy rates instead.

What does electricity cost per kWh dispensed on this tariff?

For the reference site — 8 Tesla V4 stalls dispensing 235 kWh per stall per day, with a 12% loss gross-up — the all-in utility cost works out to 15.4¢/kWh per dispensed kWh, rank 4 of 86 tariffs in the library (1 = least expensive).

ForgeAsset is software, not investment, tax, or legal advice — outputs are model estimates from your inputs, not guarantees. Rates current as of research; verify current terms with the utility's filed schedule before committing capital.