2023 Rate Adjustment
New Mexico Gas Company implemented new customer rates on January 1, 2023. This means the bill for an average residential customer (using 53 therms of natural gas per month) will go up by $2.67 a month, a 4.3% increase over current rates. The actual change will depend on each customer's specific usage.
The rate increase was initiated in December 2021, when NMGC submitted a request to the New Mexico Public Regulation Commission. NMGC reached a settlement in May 2022 with interested parties and the NMPRC approved it in November 2022.
The outcome represents a $19.3 million increase in cost-of-service revenues for 2023, which will help NMGC meet increased operating costs and provide investments in our system and our people. We are committed to ensuring that our customers have safe, reliable access to natural gas for their homes and businesses.
We understand that any rate increase is challenging, and we are committed to working with customers who need help on payment options and access to assistance programs. Customers can call weekdays from 7:30 a.m. to 6 p.m. at 1-888-664-2726, visit one of our 22 walk-in payment centers or visit the assistance page on our website.
If you have questions, please contact us.