Residential electricity prices in 88241 in October 2024 averaged approximately 14.23 cents per kilowatthour (¢/kWh), which was about 16% less than the national average rate of 16.94 ¢/kWh (October 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 September 2023 to September 2024 - residential electricity prices in 88241 increased approximately 5%, from 14.88 ¢/kWh to 15.61 ¢/kWh. [1]
→ Electricity rates listed as zero are not currently available.
Residential natural gas prices in 88241 in October 2024 averaged 0.00 dollars per thousand cubic feet ($/Mcf), which was approximately 100% less than the national average rate of 18.56 $/Mcf (October 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 22%, from 17.74 $/Mcf (September 2023) to 13.87 $/Mcf (September 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.
Read More
Penn State researchers recently examined microgrids and discovered that they may not always be a wise economic move for communities.
Read More
Through the analysis of publicly available data filed by electricity suppliers, the CT OCC discovered that electricity customers overpaid by $58 million in 2015.
Read More
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.
The world's largest source for producing electricity is coal, which generates about half of the electricity in the U.S.
Take the first step toward powering your home with solar energy.
Learn about your specific solar options, with NO obligation.
