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El Paso Electric plans to go to a smart, automated customer metering system beginning in 2023 in Texas and New Mexico under a proposal recently filed with Texas regulators.
The smart meters will allow the company to read electric meters, and start or stop electricity remotely from a central location, and remake its rate structure to reduce electric usage at peak hours based on meter-generated data.
The system, to cost $157 million in Texas, will be paid for mostly through customer bill surcharges lasting 12 years for residential customers and five years for other customer classifications, under the company s Texas proposal. It has yet to file its New Mexico plan.