El Paso Electric Co residential customers paid an average of 10.16¢/kWh in 2024 —
28% below the New Mexico average of 14.10¢/kWh (EIA-861).
It served 94,760 residential customers across 4 NM counties.
Territories are fixed by address, but the cheapest nearby utility, Central Valley Elec Coop (8.91¢), works out about $135/yr less at 10,800 kWh/yr.
How El Paso Electric compares with the utilities next door
| Utility | 2024 ¢/kWh | Customers | Δ vs El Paso Electric, ¢/kWh | $/yr difference |
|---|---|---|---|---|
| Central Valley Elec Coop, Inc | 8.91 | 6,150 | -1.25 | -$135 |
| El Paso Electric Co (this page) | 10.16 | 94,760 | — | — |
| Public Service Co of NM | 15.57 | 492,945 | +5.41 | +$584 |
| Otero County Electric Coop Inc | 17.65 | 16,448 | +7.49 | +$809 |
3 bundled utilities (≥5,000 customers) share at least one county with El Paso Electric. Positive $/yr = that utility's customers pay more than El Paso Electric customers at the same usage. Territories are fixed by address — these gaps measure cost differences between areas, not options you can pick between.
Where El Paso Electric customers pay more (county benchmark)
| County | Cheapest utility in county | Their ¢/kWh | El Paso Electric premium, $/yr |
|---|---|---|---|
| Otero | Central Valley Elec Coop, Inc | 8.91 | +$135 |
| Sierra | Central Valley Elec Coop, Inc | 8.91 | +$135 |
Multiple utilities in one county means adjoining territories, not household choice — you cannot switch wires companies.
Rate trend and size
| Metric | 2023 | 2024 | Change |
|---|---|---|---|
| Average price, ¢/kWh | 9.61 | 10.16 | +5.7% |
| Residential customers | 94,061 | 94,760 | +0.7% |
Ownership: Investor Owned. Statewide context: New Mexico electricity rates.
Supply vs delivery on a El Paso Electric bill
New Mexico is a regulated retail market — El Paso Electric customers cannot choose a different supplier; rates are set in utility-commission proceedings. Official information: nm-prc.org.
Counties served (NM, EIA-861 2024)
Dona Ana · Luna · Otero · Sierra
Head-to-head comparisons
Questions people ask
- Is El Paso Electric Co more expensive than other New Mexico utilities?
- El Paso Electric Co customers paid an average 10.16 cents/kWh in 2024 — 28% below the New Mexico volume-weighted average of 14.10 cents (EIA-861, bundled residential service).
- Can I switch away from El Paso Electric Co?
- No — distribution territory is fixed by address and New Mexico has no residential supplier shopping. Rate changes go through the state utility commission (nm-prc.org).
- How many customers does El Paso Electric Co have?
- 94,760 residential customers in New Mexico in 2024 across 4 counties, per its EIA-861 federal filing. Ownership type: investor-owned.
About these numbers. Rates shown are averages computed from federal regulatory filings (EIA Form 861)
and public tariff databases — confirm with your utility before making decisions; your actual rate depends on your tariff,
usage, and riders. Distribution utility is determined by address and generally cannot be chosen; in retail-choice states
you may choose your supplier for the supply portion of the bill. Savings figures use 10,800 kWh/yr
(US average residential usage) and are estimates, not quotes. EnergySavings is an independent data project by CertiHomes
and is not affiliated with any utility, supplier, or government agency.