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 power 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 power 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 power consumption during the hottest months of the year, June through September. Similarly, the rate for electric power 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 power.
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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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- Federal Tax Credit Factor (FTCF) Rate No. 41
- This credit reduces the non-fuel base rate charges (i.e., the Customer Charge and the Energy Charge) to reflect the impact of the federal corporate tax rate reduction established by the Tax Cuts and Jobs Act of 2017. The credit is on 0.7031% of the non-fuel base rate charges.
- The reduction will appear as a separate line item and titled "Federal Tax Credit".
- 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 power 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 recovers the cost of energy efficiency programs from the customer rate classes (e.g., Residential) that are eligible to receive services under such programs. This charge is assessed to all customers based on 4.3583% of the non-fuel base rate charges, Federal Tax Credit, Fuel and Purchased Power Cost Adjustment, and Renewable Portfolio Standard Recovery 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 power consumed and is applied on a cents per kWh basis.
- Merger Rate Credit Factor - Rate No. 43
- This credit is a result of a settlement agreement in the merger between EPE and Sun Jupiter Hollings LLC that provides $8.7 million as a credit on customer bills over a 36-month period. The credit is assessed to all customers based on the power consumed and applied on a cents per kWh basis and will appear as a separate line item on the customer monthly bill titled "Merger Rate Credit".
- Advanced Metering System Rider (AMS)
- 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.
- 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
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.