The typical monthly residential bill consists of the following tariff schedule components:
- NM Residential Service Rate No. 01
- Customer Charge: The customer charge recovers costs incurred in making service available at the customer’s premise and includes meter and meter reading costs, billing, record keeping and customer service costs. The Customer Charge is a fixed monthly charge of $7.00 and is applied regardless of the amount of electric energy consumed.
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- Energy Charge: The energy charge is to recover the costs associated with producing (i.e., electric power generation plants) and distributing (i.e., poles and power lines) electricity. The charge is based on the electric energy consumed and is applied on a cents per kilowatt-hour (kWh) basis.
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- Customers have two rate options:
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- Standard – Seasonal energy charges, with the summer season (June through September) energy charge higher than the non-summer season (October through May) energy charge. The summer season rate is greater than the non-summer rate as it is intended to influence conservation of electric energy consumption during the hottest months of the year, June through September. Similarly, the rate for electric energy consumed in the summer season that is above 600 kWh, is higher than the first 600 kWh, and is also intended to influence conservation of energy.
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- Time-of-Day – Customers that can easily reduce their energy use on weekdays (Monday through Friday), between 3:00 p.m. and 7:00 p.m., during the summer season (June through September) can benefit from this rate option due to its significantly lower energy charge than the Standard rate option.
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- Fuel and Purchased Power Cost Adjustment (FPPCAC) - Secondary - Rate No. 18
- This cost adjustment is to recover the cost of any fuels used to generate electric power (i.e., nuclear, natural gas, and solar) and electric power purchases from other utilities.
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- The charge is based on the electric energy consumed, is applied on a cents per kWh basis, and changes each month in response to the EPE’s actual costs of fuel and purchased power.
- See below in Fuel & Purchased Power Cost Adjustments for the current month FPPCAC and twelve-month history.
- EUERF - Efficient Use of Energy Recovery Factor Rate No. 17
- This charge is assessed to all customers based on 3.3844% of all other pre-tax charges. For information on energy efficiency programs, please click here.
- Renewable Portfolio Standard (RPS) Cost Rider Rate No. 38
- This charge is established to recover Renewable Portfolio Standard ("RPS") Compliance Costs. Renewable Portfolio Standard costs are incurred to comply with the state of New Mexico’s Renewable Energy Act which requires that 20% of the EPE’s energy to serve its New Mexico customer be from renewable energy sources. The charge is based on the energy consumed and is applied on a cents per kWh basis.
- Advanced Metering System Rider (AMS) Rate No. 46
- The AMS Rider recovers the Company’s costs incurred to deploy an Advanced Metering System. Retail electric service customers connected to the Company’s system receiving metered service, except those taking service under transmission voltage rates.
- Transportation Electrification Plan Cost Rider (TEP) Rate No. 44
- This Rider is applicable for electric service provided under all EPE retail non-lighting rate schedules and is established to recover Transportation Electrification Plan (TEP) program costs.
- Federal Tax Credit Factor (FTCF) Rate No. 41
- El Paso Electric Company (EPE) is to return to customers an amount that reflects the impact of the federal corporate tax rate reduction established in the Tax Cuts and Jobs Act of 2017 on EPE’s accumulated deferred income taxes.
- This credit is calculated for each rate class as a percent (%) factor and then applied to the non-fuel base rate charges of the customer bill.
- Franchise Fees
- This charge recovers the fee assessed by a governmental entity for the right or privilege of rendering utility service within its corporate boundaries. The fee is applicable to its corresponding franchise boundary (i.e., 2%, 3%) of pre-tax charges (i.e., all charges and credit described above).
- Taxes
- This charge recovers the tax assessed by a governmental entity for utility service rendered where the service address is located and is a pass-through cost.
Below are all the tariff schedules applicable to all residential customers.
To view the tariffs, click the appropriate rate below. The tariff schedules are saved in PDF format, so you will need Adobe Acrobat Reader to view or print them. Adobe Acrobat Reader is available for free from the Adobe website. Click here to download.
You are entitled to receive information about the rates you are charged and the services available to you. Such information can be obtained by calling the El Paso Electric Customer Services Call Center at (575) 526-5555 or 1-800-351-1621. You may also make your request through e-mail to the following e-mail address: rate_research@epelectric.com
NM Rate 16 Monthly Purchased Power Factors
Fuel & Purchased Power Cost Adjustments
- Current Month
- Previous Twelve Months
Disclaimer: The tariff schedules provided above are for informational purposes only. The official tariff schedules are on file with the New Mexico Public Regulation Commission and prevail in the event of any differences. El Paso Electric Company makes no warranty or representation that a particular tariff schedule chosen by a customer is available to or suitable for that customer. Customers are encouraged to contact El Paso Electric Company directly to make certain of the applicability of a desired tariff schedule for their service requirements.