New Mexico · Investor Owned · serves 185 ZIP codes
El Paso Electric Co rate plans
2 residential plans are currently open to new customers that we can price side by side. Some charge different prices depending on the hour — which is where most of the savings hide.
What does El Paso Electric cost at a normal month’s usage?
A household using 1,000 kWh a month pays about $1,624 a year on the cheapest of the 3 plans we can price here — Residential Service Low Income — and $1,653 on the priciest. Same house, same wires.
| A month of | Cheapest, a year | On which plan | Priciest |
|---|---|---|---|
| 500 kWh | $804 | Residential Service Low Income | $882 |
| 1,000 kWh | $1,624 | Residential Service Low Income | $1,653 |
| 2,000 kWh | $3,172 | Residential Service | $3,267 |
The cheapest plan here changes with how much you use. That happens where tiers reward a small household and a big fixed charge rewards a large one — so the right answer depends on your own bill, not on an average. Estimates from the filed tariff, priced hour by hour on a household with central air — not a quote.
How much does the plan you pick actually matter here?
Run the same three-bedroom house with central air through every plan El Paso Electric Co files in Texas, and the bill lands anywhere between $1,305 and $1,325 a year. That $20 spread is not a difference in electricity — it is the same kilowatt-hours, from the same wires, priced under different rules. Nobody sends you a letter when you are on the wrong side of it.
Those figures describe Texas, because comparing across zones would be misleading: your zone is set by where you live, not by anything you can choose. The plan lists further down are grouped the same way, so compare inside your own group — your bill names it.
1 of these 2 plans price by the hour. Those are the ones where moving laundry, dishes, or car charging into the cheap window changes the bill; on the rest, the clock is irrelevant and only the total matters. Which camp you belong in is the first question worth settling, because it decides whether shifting your day is worth anything at all.
How El Paso Electric compares across New Mexico
Run the same three-bedroom house with central air through its default plan at each of the 2 New Mexico utilities we cover, and El Paso Electric is the cheapest of the lot at about $1,305 a year; the state median is $1,479. The dearest, Public Service Co of NM, charges $1,652 for identical use — a gap set by the address, not by anything either household did.
The other two households tell the same story in different sizes: a small apartment pays about $716 here against a state median of $768, and the same house with an electric car charging overnight about $1,768 against $2,078. Effective rate, fixed charge included, is 13.8¢ per kilowatt-hour for the family home.
Inside El Paso Electric itself, the gap between its cheapest and dearest plan for that house is $20 a year — less than the $348 between New Mexico's cheapest and dearest utilities. Here the address decides most of the bill; the plan decides the rest.
Every New Mexico utility we cover, priced for the same three households →
When are El Paso Electric’s peak hours?
El Paso Electric’s peak hours are noon–6pm, June–September on 2 of its 3 time-of-use plans — the rest use different windows, below. Everything outside those hours is off-peak, apart from a mid-priced shoulder period.
At peak, Residential Service - TOU charges 25.6¢ a kWh; off-peak it is 8.5¢ — 3.0× apart. These hours only matter on a time-of-use plan — the default plan, Residential Service, charges one rate at every hour.
| Plan | Peak hours | Peak | Off-peak | Weekends |
|---|---|---|---|---|
| Residential Service - TOUTexas | noon–6pm, June–September | 25.6¢ | 8.5¢ | partly priced |
| Residential Service - TOU (Alternative)Texas | noon–6pm, June–September | 26.8¢ | 9.7¢ | partly priced |
| RS - TODNew Mexico | 3pm–7pm, June–September | 22.5¢ | 5.9¢ | partly priced |
On Residential Service - TOU, every kilowatt-hour a day you move from noon to midnight is worth about $62 a year in the month the gap is widest — an electric car or a water heater on a timer is the kind of load that actually moves. When to charge an electric car →
Which plan would cost you least?
No bill upload, no sign-up. Tell us roughly what a month costs you and what runs on electricity — we price every plan against the same household and show you the gap.
That adds up to 12,541 kWh a year. Compare it to the total on your bill and adjust until it’s close.
Same usage, different plan
$353a year
That is the gap between the cheapest plan you could be on — Residential Service - TOU — and the priciest. Not by using less power. By being billed differently for the same power.
| Plan | Per year | Vs best |
|---|---|---|
| Residential Service - TOUPeak hits noon–6pm every day, all year. | $1,331 | — |
| Residential Service - TOU (Alternative)Peak hits noon–6pm every day, all year. | $1,653 | +$322 |
| Residential Service Low IncomeThe hour never matters here — only the season. Rates peak May–October. | $1,679 | +$348 |
| Residential ServiceThe hour never matters here — only the season. Rates peak May–October. | $1,684 | +$353 |
An estimate, not a quote. Supply charges move month to month, and your real usage pattern is not exactly this one. What it does show reliably is the gap between plans — both are priced off the same assumptions.
Before you switch anything
- What is a time-of-use electricity rate?
The same kilowatt-hour, priced differently depending on when you use it.
- Should you switch to a time-of-use electricity plan?
A wide peak-to-off-peak gap is a lever, not a saving. Levers need something to move.
- How to compare electricity plans without getting it wrong
Six things that break a comparison, and the order to check them in.
Every plan, in detail
Hour-by-hour schedules, tier thresholds, and the tariff each one comes from.
Texas
- Residential Serviceflat
The hour never matters here — only the season. Rates peak May–October.
11.9–13.5¢ - Residential Service - TOUdemand charge
Peak hits noon–6pm every day, all year.
8.5–25.6¢ - Residential Service - TOU (Alternative)time-of-use
Peak hits noon–6pm every day, all year.
9.7–26.8¢ - Residential Service Low Incomeflat
The hour never matters here — only the season. Rates peak May–October.
12.7–14.4¢