US Energy Price Monitorby KadoaUpdated weeklyStar on GitHub

NewInsight: Investor-owned utilities charge 23% more for power

New Mexico

El Paso Electric electricity rates

What homes pay El Paso Electric for electricity, from EIA.

Investor-owned utility, 98,892 homes in New Mexico. EIA lists it as El Paso Electric Co.

Headlines

Average price
10.1¢ a kWh
Up 0.9% on a year ago
Average bill
$76 a month
Up 4.6% on a year ago
Average use
751 kWh
A month. New Mexico 653 kWh
Price rank in New Mexico
4 of 4
1 is the most expensive

Over the 12 months to August 2026, El Paso Electric homes paid 10.1¢ a kWh, against 15.3¢ across New Mexico.

El Paso Electric vs New Mexico

El Paso ElectricNew Mexico
Average price, 12 months to August 202610.1¢15.3¢
Price in August 202612.5¢16.5¢
Average monthly bill, 12 months$76$100
Bill in August 2026$149$162
Average monthly use751 kWh653 kWh
Price change, past year+0.9%+5.0%
Price change since 2019-3.8%+22%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Source: EIA-861M monthly utility survey. Revenue over kilowatt-hours sold, including fixed charges.

Average monthly bill

What an average home pays a month.

Up to and including August 2026

Source: EIA-861M monthly utility survey.