El Paso Electric Co electricity rates

It serves 94,760 residential customers in New Mexico. At 10.16¢ per kilowatt-hour it is one of the cheaper places to buy electricity in New Mexico, 28% under the statewide average of 14.12¢.

Consumption here is below the national norm at 740 kilowatt-hours a month against 871, which softens the effect of the rate on the final bill.

A shareholder-owned company whose rates are set by the state regulator, including an approved return on the capital it has invested. That matters because a bill is not only the cost of generating electricity: it also carries the cost of the network, and who owns that network changes how it is paid for.

In 2024 the average El Paso Electric Co customer went 100 minutes without electricity across 0.93 interruptions. The median across the 941 utilities that report this is 185 minutes.

That is better than the typical American utility, though the figure includes major storm days and can move sharply from one year to the next.

El Paso Electric Co offers time-of-use pricing to residential customers. 107 households were enrolled, about 0.1% of its residential base.

These plans are opt-in almost everywhere. They reward households that can move laundry, dishwashing, water heating or electric vehicle charging out of the late-afternoon peak, and they cost more than the standard rate for households that cannot. How to tell which group you are in.

9,674 residential customers had net-metered solar in 2024, totalling 53.18 megawatts. That works out to 102.1 installations per thousand customers, against a median of 8 across the utilities reporting it.

Adoption here is exceptionally high. That usually means some combination of a high retail rate worth displacing, strong sunshine and favourable export rules, and it tends to bring its own regulatory argument about who covers the fixed cost of the network. What exports are actually worth.