Cost of Gas
Several factors determine your monthly natural gas bill — one is the cost of the natural gas you use. As a regulated utility, New Mexico Gas Company does not make a profit on the natural gas we purchase for our customers. These costs from market suppliers are passed directly on to our customers.
Beginning July 2021, the monthly cost of gas charges will include an additional amount to recover the costs incurred by NMGC during the February 2021 Winter Weather Event. On June 15, 2021, the New Mexico Public Regulation Commission approved our request to minimize the impact to your monthly bill by spreading the recovery of these costs through the end of December 2023. To level out the impact to Residential Customers’ monthly bill, the monthly cost of gas will be adjusted seasonally. From May through September $0.2761 per therm will be added to the monthly cost of gas rate. From October through April the rate to be added will change to $0.0675. Irrigation customers will see an increase of $0.0179 per therm to their monthly gas cost rate. A monthly rate of $0.0986 per therm will be added to non-residential customers’ cost of gas rate. For additional information, please visit this page.
The current rates are available below. This information is updated around the 15th and 30th of each month. You may also call us at 505-697-3335 (Albuquerque Metro) or toll free at 1-888-NM-GAS-CO (1-888-664-2726) for the current information. Your monthly New Mexico Gas Company bill also includes the projected natural gas charges for the following month.
| Month | Residential | Irrigation | Non-Residential |
| April 2023 | $0.0904 per therm | $0.0408 per therm | $0.1215 per therm |
| March 2023 | $0.0949 per therm | $0.0453 per therm | $0.1260 per therm |
| February 2023 | $0.6744 per therm | $0.6248 per therm | $0.7055 per therm |
| January 2023 | $1.1337 per therm | $1.0841 per therm | $1.1648 per therm |
| December 2022 | $0.8940 per therm | $0.8444 per therm | $0.9251 per therm |
| November 2022 | $0.5483 per therm | $0.4987 per therm | $0.5794 per therm |
| October 2022 | $0.9576 per therm | $0.9080 per therm | $0.9887 per therm |
| September 2022 | $1.1888 per therm | $0.9306 per therm | $1.0113 per therm |
| August 2022 | $1.2291 per therm | $0.9709 per therm | $1.0516 per therm |
| July 2022 | $1.0982 per therm | $0.8400 per therm | $0.9207 per therm |
| June 2022 | $1.3250 per therm | $1.0668 per therm | $1.1475 per therm |
| May 2022 | $1.1694 per therm | $0.9112 per therm | $0.9919 per therm |
| April 2022 | $0.6288 per therm | $0.5792 per therm | $0.6599 per therm |
| March 2022 | $0.5610 per therm | $0.5114 per therm | $0.5921 per therm |
| February 2022 | $0.6034 per therm | $0.5538 per therm | $0.6345 per therm |
| January 2022 | $0.6382 per therm | $0.5886 per therm | $0.6693 per therm |
| December 2021 | $0.7045 per therm | $0.6549 per therm | $0.7356 per therm |
| November 2021 | $0.7765 per therm | $0.7269 per therm | $0.8076 per therm |
| October 2021 | $0.7580 per therm | $0.7084 per therm | $0.7891 per therm |
| September 2021 | $0.7543 per therm | $0.4961 per therm | $0.5768 per therm |
| August 2021 | $0.7660 per therm | $0.5078 per therm | $0.5885 per therm |
| July 2021 | $0.7156 per therm | $0.4574 per therm | $0.5381 per therm |
June 2021
$0.3379 per therm