Residential electricity prices in 88241 in September 2024 averaged approximately 15.61 cents per kilowatthour (¢/kWh), which was about 7% less than the national average rate of 16.83 ¢/kWh (September 2024). [1]
→ Electricity rates listed as zero are not currently available.
See how electricity costs in 88241 differ from the average electricity costs for the U.S. overall. [1]
On a year-over-year basis - from August 2023 to August 2024 - residential electricity prices in 88241 increased approximately 6%, from 14.41 ¢/kWh to 15.26 ¢/kWh. [1]
→ Electricity rates listed as zero are not currently available.
Residential natural gas prices in 88241 in August 2024 averaged 14.40 dollars per thousand cubic feet ($/Mcf), which was approximately 38% less than the national average rate of 23.40 $/Mcf (August 2024). [2]
→ Natural gas prices listed as zero are not currently available.
See the chart below to see a comparison of Hobbs natural gas prices against U.S. average prices. Compare 88241 (Hobbs, NM) natural gas costs to overall U.S. average costs. [2]
On a year-over-year basis, residential natural gas prices in Hobbs (New Mexico) decreased approximately 14%, from 14.92 $/Mcf (July 2023) to 12.88 $/Mcf (July 2024). [2]
→ Natural gas prices listed as zero are not currently available.
The ZIP code of 88241 (Hobbs, NM) has an average annual solar radiation value of 6.55 kilowatt hours per square meter per day (kWh/m2/day). Compare Hobbs values to both low and high values in the U.S. overall: [3]
→ Solar radiation values listed as zero are not currently available.
See the chart below for a comparison of Hobbs solar radiation levels against other areas in the U.S. Compare Hobbs levels against both 1) low average solar radition levels (WA) and also 2) high average solar radiation levels (NV). [3]
→ k/m/d: kilowatt hours per square meter per day.
→ Solar radiation values listed as zero are not currently available.
Households in the United States have benefited from falling energy prices in recent years, which has driven down the cost of living.
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Penn State researchers recently examined microgrids and discovered that they may not always be a wise economic move for communities.
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Through the analysis of publicly available data filed by electricity suppliers, the CT OCC discovered that electricity customers overpaid by $58 million in 2015.
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The ZIP code 88241 is associated with the city of Hobbs, NM in Lea County. [4]
To learn more about utility rates & usage in 88241, or for other information related to utilities in New Mexico, visit the U.S. Energy Information Administration.
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