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El Paso Electric (New Mexico) rates

Peak hours on El Paso Electric Rate 01 TOD: 3 pm–7 pm, on weekdays in summer. El Paso Electric has 2 residential plans modeled here. For a typical New Mexico home using 648 kWh a month, the cheapest plan open to any household is Rate 01, at about $77 a month.

Investor-owned 97,258 residential customers (EIA-861, 2025) Tariffs checked November 12, 2026

Typical all-in priceRate 01

11.8¢/kWh
Rate 01$77/mo
Rate 01 TOD$78/mo

New Mexico service area only (Doña Ana, Sierra, Otero and Luna counties); El Paso Electric's Texas customers have different tariffs.

Residential plans

PlanTypeFixed/moJuly pricesJanuary pricesJuly weekday windows
Rate 01
Residential Service, Standard
Tiered $11.19 10.3¢ 0–600 kWh · 14.3¢ over 600 kWh 9.1¢ all hours None
Rate 01 TOD
Residential Service, Time of Day
Time-of-use $11.19 Off-peak 8.8¢ · Peak 25.9¢ Off-peak 9.1¢ Peak 3 pm–7 pm

Rate 01 TOD: price by hour

July weekday. Summer pricing Jun–Sep; winter Oct–May.

Off-peakPeak
8.8¢25.9¢8.8¢12a3a6a9a12p3p6p9p12a

El Paso Electric peak and off-peak hours

What are El Paso Electric’s peak hours?

It depends on the plan. Rate 01 TOD: Peak 3 pm–7 pm, on weekdays, in summer (in winter: off-peak all day); weekends: off-peak all day. Hours are local clock time.

When is electricity cheapest on El Paso Electric?

On summer weekdays the lowest price is Rate 01 TOD: 7 pm–3 pm next day at 8.8¢/kWh, against 25.9¢ at the peak. Rate 01 charges the same price at every hour.

Which El Paso Electric plan is cheapest?

For a typical New Mexico home using 648 kWh a month, Rate 01 at about $77 a month (11.8¢/kWh all-in, before taxes). With an EV charged at its cheapest hour, Rate 01 TOD gives the lowest total.

Peak and off-peak hours of every utility

Charging an EV on El Paso Electric

1,000 miles a month in a Tesla Model Y Long Range AWD (275 kWh from the wall, EPA 27.5 kWh/100 mi) at 7.2 kW, added to a typical New Mexico home’s use, on each plan’s cheapest start hour versus plugging in at 6 pm. Averaged over the year.

PlanBest startCharging, best startCharging from 6 pmWhole bill with EV
Rate 01Any$30/mo$30/mo$106/mo
Rate 01 TOD12 am$25/mo$34/mo$103/mo

With an EV charged at its best hour, the cheapest plan overall is Rate 01 TOD. Compare plans on your own usage.

Cost to charge each EV on El Paso Electric Rate 01 TOD

1,000 miles a month at 7.2 kW, starting at 12 am, the plan’s cheapest hour, added to a typical New Mexico home’s bill. Full charge: the EPA range, at the plan’s lowest price (8.8¢/kWh). EPA efficiency, from the wall.

ModelkWh/100 mi1,000 mi a monthFull charge
Lucid Air Pure (2027)23.1$21/mo$8.49
Tesla Model Y Standard RWD (2026)24.3$22/mo$6.83
Tesla Model 3 Standard RWD (2026)24.3$22/mo$6.83
Toyota bZ (2027)25.5$23/mo$7.01
Tesla Model 3 Premium RWD (2027)26$23/mo$8.26
Hyundai Ioniq 6 RWD (2025)26$23/mo$7.78
Tesla Model S (2026)27.1$24/mo$9.73
Tesla Model Y Long Range AWD (2026)27.5$25/mo$7.87
Nissan Leaf 75 kWh (2026)27.8$25/mo$7.37
Chevrolet Bolt (2027)28.2$25/mo$6.47
BMW i4 eDrive40 (2026)28.5$26/mo$8.31
Kia EV3 Long Range FWD (2027)29$26/mo$8.15
Volvo EX30 Single Motor (2026)29.2$26/mo$6.67
Kia EV6 Long Range RWD (2027)29.6$26/mo$8.26
Volkswagen ID.4 (2026)29.8$27/mo$7.59
Hyundai Ioniq 5 RWD (2027)30$27/mo$8.35
Ford Mustang Mach-E RWD Extended Range (2026)30.7$27/mo$8.60
Chevrolet Equinox EV FWD (2027)31.1$28/mo$8.68
Tesla Model X (2026)32.2$29/mo$9.92
Chevrolet Blazer EV FWD (2027)32.3$29/mo$8.82
Honda Prologue FWD (2026)32.5$29/mo$8.76
Nissan Ariya FWD 87 kWh (2026)34.4$31/mo$8.70
Cadillac Lyriq RWD (2027)36.8$33/mo$10.50
Hyundai Ioniq 9 AWD (2027)38$34/mo$10.64
Kia EV9 Long Range RWD (2027)38$34/mo$10.14
Tesla Cybertruck AWD (2026)42.9$38/mo$12.20
Rivian R1S Premium (2027)42.9$38/mo$11.27
Rivian R1T Premium (2027)42.9$38/mo$11.27
Chevrolet Silverado EV Extended Range WT (2026)47.8$43/mo$17.74
Ford F-150 Lightning Extended Range (2025)47.9$43/mo$13.42

How El Paso Electric’s plans work

Rate 01 (Residential Service, Standard). In July the first 600 kWh a month cost 10.3¢ each; then 14.3¢ above 600 kWh a month. An average New Mexico home (942 kWh in July) goes past the first tier, so extra load such as an EV is priced higher. Fixed charge: $11.19 a month.

Rate 01 TOD (Residential Service, Time of Day). Peak 3 pm–7 pm on July weekdays; 4 of 24 hours carry the top price of 25.9¢. The cheapest July weekday hour costs 8.8¢, so moving 1 kWh out of the top hours saves 17.1¢. In January every hour costs the same (9.1¢). Summer pricing applies Jun–Sep; winter pricing Oct–May. Weekends differ: off-peak all day. Fixed charge: $11.19 a month.

Prices on this page are all-in per kWh, before taxes: base rates, supply and every per-kWh rider in the utility’s current tariff sheets. Your bill shows them as separate lines, and riders can change between tariff revisions.

As a cross-check, El Paso Electric billed its residential customers an average of 10.34¢ per kWh in 2025 (revenue ÷ sales, EIA-861). A plan taken from URDB is shown only if its all-in price is consistent with that figure, adjusted for New Mexico’s price change since.

Sources for each plan

PlanEffectiveSeasonsSource and status
Rate 01
Transcribed from the utility’s tariff
November 1, 2026 Summer pricing Jun–Sep; winter Oct–May Checked October 29, 2026
NMPRC Case 25-00082-UT, EPE Application for Revision of Retail Electric Rates (Mar 27, 2026): 'Comparison of Present and Proposed Base Rates' (Current Rate column) and redline of 14th Revised Rate No. 01 and 20th Revised Rate No. 18 · NMPRC Case 25-00082-UT docket (Order Suspending Advice Notice No. 317, DOC-000269843-26; Order Extending Suspension, DOC-000449159-26: proposed base rates not in effect) · NMPRC docket 26-0000016, EPE Rule 550 Monthly FPPCAC Report, September 2026 (DOC-000529149-26, filed 10/21/2026): billing month November 2026, system factor $0.008108 · NMPRC Case 25-00038-UT, Amended Advice Notice No. 313: 9th Revised Rate No. 38 RPS Cost Rider eff. 01/01/2026 (doc 1242246) · NMPRC docket 26-0000010, Advice Notice No. 314: 3rd Revised Rate No. 44 TEP Cost Rider eff. 03/01/2026 (DOC-000177096-26; Staff memo DOC-000199834-26) · NMPRC docket 26-0000012, Advice Notice No. 315: 4th Revised Rate No. 46 AMS Rider eff. 03/01/2026 (DOC-000179734-26; Staff supplemental memo DOC-000202496-26) · NMPRC Case 24-00154-UT, Revised Advice Notice No. 312: 15th Revised Rate No. 17 EUERF eff. 08/01/2025 (doc 1240463) · NMPRC docket 26-0000161, EPE Second Amended Advice Notice No. 319 (DOC-000519707-26, 10/14/2026) sample residential bills, and Staff memo (DOC-000529453-26, 10/21/2026) · NMPRC docket 26-0000093, Final Order (DOC-000531507-26, 10/22/2026) on EPE 2027 REA Plan / 10th Revised Rate No. 38 (Advice Notice 318, effective January 1, 2027)
Rate 01 TOD
Transcribed from the utility’s tariff
November 1, 2026 Summer pricing Jun–Sep; winter Oct–May Checked October 29, 2026
NMPRC Case 25-00082-UT, EPE Application for Revision of Retail Electric Rates (Mar 27, 2026): 'Comparison of Present and Proposed Base Rates' (Current Rate column) and redline of 14th Revised Rate No. 01 and 20th Revised Rate No. 18 · NMPRC Case 25-00082-UT docket (Order Suspending Advice Notice No. 317, DOC-000269843-26; Order Extending Suspension, DOC-000449159-26: proposed base rates not in effect) · NMPRC docket 26-0000016, EPE Rule 550 Monthly FPPCAC Report, September 2026 (DOC-000529149-26, filed 10/21/2026): billing month November 2026, system factor $0.008108 · NMPRC Case 25-00038-UT, Amended Advice Notice No. 313: 9th Revised Rate No. 38 RPS Cost Rider eff. 01/01/2026 (doc 1242246) · NMPRC docket 26-0000010, Advice Notice No. 314: 3rd Revised Rate No. 44 TEP Cost Rider eff. 03/01/2026 (DOC-000177096-26; Staff memo DOC-000199834-26) · NMPRC docket 26-0000012, Advice Notice No. 315: 4th Revised Rate No. 46 AMS Rider eff. 03/01/2026 (DOC-000179734-26; Staff supplemental memo DOC-000202496-26) · NMPRC Case 24-00154-UT, Revised Advice Notice No. 312: 15th Revised Rate No. 17 EUERF eff. 08/01/2025 (doc 1240463) · NMPRC docket 26-0000161, EPE Second Amended Advice Notice No. 319 (DOC-000519707-26, 10/14/2026) sample residential bills, and Staff memo (DOC-000529453-26, 10/21/2026) · NMPRC docket 26-0000093, Final Order (DOC-000531507-26, 10/22/2026) on EPE 2027 REA Plan / 10th Revised Rate No. 38 (Advice Notice 318, effective January 1, 2027)

Plans marked “Checked” were transcribed from the utility’s current tariff and rider sheets, all charges included, and are re-checked on the date shown in each file. Other plans come from the OpenEI U.S. Utility Rate Database (CC BY 4.0) and have not yet been checked line by line against the utility’s tariff. Always confirm the current rates on your utility’s website before switching plans.

Compare two El Paso Electric plans

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Cities of 100,000 or more whose center lies in El Paso Electric’s service territory.

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