HomeWattCost

El Paso Electric Rate 01 vs Rate 01 TOD

For a typical New Mexico home using 648 kWh a month, Rate 01 is cheaper by about $17 a year ($77 against $78 a month). Rate 01 is cheaper below about 900 kWh a month and Rate 01 TOD above it, with the same daily pattern of use.

Utility El Paso ElectricTariffs checked 2026-10-29Typical use 648 kWh/mo, New Mexico

Head to head

ScenarioRate 01Rate 01 TODCheaper
Typical home, per month$77$78Rate 01
All-in price per kWh11.8¢12.0¢Rate 01
Home + EV, charged at the cheapest hour$106$103Rate 01 TOD
Home + EV, plugged in at 6 pm$106$112Rate 01
Fixed charge$11.19$11.19

Typical home: New Mexico average use by month (EIA), shaped hour by hour (NREL ResStock), before taxes. EV: Tesla Model Y Long Range AWD, 1,000 miles a month; cheapest start any hour on Rate 01, 12 am on Rate 01 TOD.

Month by month

Typical-home bill each month on each plan.

PlanJanFebMarAprMayJunJulAugSepOctNovDec
Rate 01$72$61$59$56$59$97$122$128$81$61$56$66
Rate 01 TOD$72$61$59$56$59$103$123$129$90$61$56$66

Rate 01: price by hour

July weekday.

Same price all day
14.3¢12a3a6a9a12p3p6p9p12a

Rate 01 TOD: price by hour

July weekday.

Off-peakPeak
8.8¢25.9¢8.8¢12a3a6a9a12p3p6p9p12a

Rate 01 or Rate 01 TOD: common questions

Is Rate 01 or Rate 01 TOD cheaper?

For a typical New Mexico home using 648 kWh a month, Rate 01 is cheaper by about $17 a year ($77 against $78 a month). Rate 01 is cheaper below about 900 kWh a month and Rate 01 TOD above it, with the same daily pattern of use. Adding an EV driven 1,000 miles a month and charged at each plan’s cheapest hour, Rate 01 TOD gives the lower total ($103 against $106 a month).

What is the difference between Rate 01 and Rate 01 TOD?

Rate 01 is tiered: the price per kWh rises with monthly use, with a fixed charge of $11.19 a month. Rate 01 TOD is time-of-use (summer weekdays: Peak 3 pm–7 pm; lowest price 7 pm–3 pm next day), with a fixed charge of $11.19 a month.

How the two 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.

Your own pattern of use decides the winner: compare every El Paso Electric plan on your usage, or see all El Paso Electric plans, sources and peak hours.