PNM considering new rate plan


Some PNM customers could be getting a break on their bill.

The electric company is considering a new rate plan based on when customers are using electricity. 

The company recently sent out surveys asking 200,000 customers how they feel about so-called time-of-use pricing.

The current time of use plan is 8:00 a.m. to 8:00 p.m., meaning if customers use electricity outside of those hours they pay less. Now they’re looking at a plan where people would be rewarded for using electricity mid-day and late at night.

“What we’re asking customers to do is say, ‘Hey, can you identify when your family uses the most amount of electricity, and depending on when that is would you be willing to adjust some of that usage if it meant that you would pay less?” says Shannon Jackson, PNM spokesperson.

The eight question survey asks customers questions like, how much would you need to save to participate in this type of plan? If prices did change how would you want to see the prices structured? And, what time of day could you decrease your usage?

Some say they like the idea of making a few adjustments to save money. 

“If you have a family it might be a little bit difficult, but with gadgets these days it might be easier because we can set reminders,” says Michael Dias. 

PNM officials say this allows customers to be control of their usage and how much they are paying. There isn’t a definite plan just yet. Any changes they do make would have to be approved through the Public Regulation Commission.

On the flip-side, PNM says people who take the discount for off-peak hours would pay more for their electricity during peak hours than regular customers.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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