El Paso Electric Co Electricity Rates and Average Bill (New Mexico)
Data through August 2026 (the latest month EIA has published) · Updated October 31, 2026
As of August 2026, El Paso Electric Co's residential customers in New Mexico paid an average effective rate of 12.48¢/kWh with an average monthly bill of $149.27, per EIA Form 861-M data. That rate is 4.0¢ below the New Mexico average of 16.51¢/kWh; the U.S. average is 18.16¢/kWh.
Rate trend vs the New Mexico average
View this chart as a table (last 12 months)
| Month | Rate (¢/kWh) | Avg bill ($/mo) | Avg usage (kWh/mo) |
|---|---|---|---|
| September 2025 | 11.89 | 98.49 | 828 |
| October 2025 | 8.07 | 47.43 | 587 |
| November 2025 | 9.31 | 39.87 | 428 |
| December 2025 | 10.69 | 68.78 | 643 |
| January 2026 | 9.47 | 65.81 | 695 |
| February 2026 | 7.49 | 41.45 | 553 |
| March 2026 | 6.58 | 32.07 | 488 |
| April 2026 | 8.41 | 46.93 | 558 |
| May 2026 | 7.83 | 61.19 | 782 |
| June 2026 | 11.77 | 121.60 | 1033 |
| July 2026 | 11.16 | 135.77 | 1217 |
| August 2026 | 12.48 | 149.27 | 1196 |
El Paso Electric Co vs New Mexico vs the U.S.
| El Paso Electric Co | New Mexico | U.S. average | |
|---|---|---|---|
| Rate (August 2026) | 12.48¢/kWh | 16.51¢/kWh | 18.16¢/kWh |
| Average monthly bill | $149.27 | $162.31 | $209.23 |
| Average monthly usage | 1196 kWh | 983 kWh | 1152 kWh |
| Rate change, 1 year | +11.6% | +3.3% | +3.4% |
Estimate a bill at El Paso Electric Co rates
Worked example: 1,000 kWh at El Paso Electric Co's average effective rate of 12.48¢/kWh is about $124.80. The utility's actual average usage is 1196 kWh/month, which produces the $149.27 average bill. This is an all-in average (energy, delivery, fixed charges, riders); your tariff's marginal price will differ.
See the full New Mexico rate trend, look up another utility by ZIP code, or read why electric bills are rising.
Source: EIA Form 861-M (monthly utility-level sales to ultimate customers, residential), published with roughly a two-month lag. Rate = revenue ÷ sales; bill = revenue ÷ customers. Months failing basic sanity screens are excluded. See methodology.