Budget Billing

How it works| Who's eligible

HOW TO SIGN UP Enroll online Call PNM   Sorry, we can't sign up customers via e-mail.

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Budget Billing allows you to pay the same amount on your PNM bill each month, removing the month-to-month fluctuations caused by changing weather, changing usage and other factors.

How it works

• You still pay for all of the electricity you use, but your total costs are spread evenly throughout the year.
• Your Budget Billing amount is based on two primary factors:
  • Your energy use for the last year.
  • Estimated energy costs for the upcoming year.
    • It's best if you have been at the service location for at least seven months so we can accurately calculate your projected usage.
• Budget Billing amounts are evaluated once a year in August, and may go up or down based on your usage and updated estimates of energy costs.
• Late payments may lead to an account being dropped from Budget Billing.
• If you choose to cancel Budget Billing, any amount you still owe will be due on your next bill. If we owe you, the amount will be deducted from your next bill.

How Budget Billing works: other important things you should know

Who's eligible

• PNM electric customers
  • Your account must be current to sign up for Budget Billing online.
  • You may be eligible for Budget Billing even if your account is past due. Please call us for additional consideration.

  Still have questions or need further assistance? Contact PNM

Ways to pay your PNM energy bill