Photo courtesy EP Electric
Friday morning, officials with El Paso Electric (EPE) announced that, starting with the August billing cycle, its Texas customers will begin to receive a rate credit on their electric bills.
According to a release by El Paso Electric, the $21 million of credits will be issued over 3 years.
“This bill credit is one of many benefits created for EPE and its customers as part of the IIF transaction. As a long-term investor in utility companies, IIF is aligned with EPE and its mission,” shares Eddie Gutierrez, Vice President of Customer and Community Engagement.
The typical EPE Texas residential service customer, using an average of 630 kilowatt-hours of energy per month, will see an average monthly bill decrease of $0.88, or 1.13%, for the next 36 months.
Officials said that, pending regulatory approval, New Mexico customers will receive $8.7 million of bill credits over three years.
“The typical EPE New Mexico residential service customer using an average of 674 kilowatt-hours of energy per month will see an average monthly bill decrease of $1.37, or 1.76%, for the next 36 months,” EP Electric officials added. “Regulatory approval is expected to occur this August.”
EPE customers can also reduce their energy usage this summer by implementing these simple, easy-to-follow energy efficiency measures:
- Use ceiling fans and portable fans to help circulate cool air
- Close interior blinds/curtains to help block the sun and heat during the day
- Try to cook, do laundry or use the dishwasher during cooler times of the day
- Unplug appliances not in use, or use a power cord to safely and efficiently manage unused appliances
For more Energy Wise tips, click here.
To learn more about the commitments made by IIF to support EPE and its customers, employees and communities, click here.