10.34¢
per kWh, 2025
[ El Paso Electric Co / NM ]
El Paso Electric Co electricity rates in New Mexico
NO RATE CASE ON FILE · DATA 2025
change in average rate, 2024→2025
+1.8%
vs 2024
97,258
residential customers
−3.0%
since 2020
What your bill becomes
Bill today
No change on file
Difference / month · / year
Estimated at El Paso Electric Co's average effective residential rate (10.34¢/kWh, EIA, all charges included). Your tariff, fees and taxes differ.
Rate history 2015–2025
| Year | ¢/kWh | Change | Customers |
|---|---|---|---|
| 2015 | 12.13¢ | — | 83,939 |
| 2016 | 11.90¢ | −1.9% | 84,974 |
| 2017 | 12.31¢ | +3.5% | 85,891 |
| 2018 | 11.38¢ | −7.5% | 87,036 |
| 2019 | 10.47¢ | −8.0% | 88,405 |
| 2020 | 10.66¢ | +1.8% | 89,951 |
| 2021 | 11.84¢ | +11.1% | 91,554 |
| 2022 | 12.34¢ | +4.2% | 93,609 |
| 2023 | 9.61¢ | −22.1% | 94,061 |
| 2024 | 10.16¢ | +5.7% | 94,760 |
| 2025 | 10.34¢ | +1.8% | 97,258 |
How this compares
14.85¢
New Mexico average, 2025
−30.4%
El Paso Electric Co vs NM 2025 average
−40.0%
vs US 2025 average
#19
priciest in NM
Serves 4 counties in New Mexico: Dona Ana, Luna, Otero, Sierra. 37 ZIP codes.
What the numbers show
Since 2015, El Paso Electric Co's average residential rate has gone from 12.13¢ to 10.34¢ per kWh: −14.8% over 10 years, or about −1.6% a year. It rose in 6 of the 10 years we can compare, and the biggest one-year increase was +11.1% in 2021. The largest drop was −22.1% in 2023.
For a home using 638 kWh a month, the New Mexico average, El Paso Electric Co's 2025 rate works out to about $792 a year, $345 less than at New Mexico's average rate of 14.85¢. Of the 20 New Mexico utilities in our data with a 2025 price, it is the 19th most expensive.
El Paso Electric Co served 83,939 homes in 2015 and 97,258 in 2025 (+15.9%), about 10% of New Mexico's residential electricity customers.
Who sets El Paso Electric Co's rates
El Paso Electric Co is investor-owned, so it can change its base rates only by filing a rate case with the New Mexico Public Regulation Commission. The commission holds hearings and takes public comment before it rules, and it usually approves less than the company asks for. Fuel and other pass-through charges can change between rate cases.
Commission contact: New Mexico Public Regulation Commission. How we calculate every figure on this page: methodology.
Questions
Is El Paso Electric Co raising rates in 2026?
No rate case for El Paso Electric Co is on file with the New Mexico Public Regulation Commission in our tracker. Its average residential rate moved +1.8% from 2024 to 2025. We check the commission docket monthly.
What does El Paso Electric Co charge per kWh?
El Paso Electric Co's average effective residential rate was 10.34¢ per kWh in 2025 (EIA-861, revenue divided by sales, all charges included). New Mexico's 2025 average was 14.85¢.
How much have El Paso Electric Co rates gone up in five years?
−3.0% between 2020 and 2025, against +11.8% for New Mexico as a whole over the latest five-year window.
How many customers does El Paso Electric Co have in New Mexico?
97,258 residential customers in 2025, across 4 counties including Dona Ana, Luna, Otero, according to the EIA-861 survey.
Where do these numbers come from?
Rates and customer counts are from the US Energy Information Administration's annual EIA-861 survey, which every US utility files. Nothing here is a utility bill; use it to understand the direction and size of changes.
Sources
- EIA-861 Sales to Ultimate Customers, 2015–2025 (released 2026-10-07)
- EIA-861M monthly state averages through Jul 2026
- NREL utility-by-ZIP lookup (2024)