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How to Read Your Bill

We all know what our electric meter looks like; the glass enclosed round device that records how much electricity we use in our homes and businesses. Your electric meter measures the electricity that flows through the meter when you flip a light switch on, run an irrigation pump or anything in between.

 

Each month CVE either remotely reads or physically reads your electric meter and that information is used to create your monthly bill. When your monthly electric bill arrives you probably look for how much you owe without looking at the other information provided. Your monthly electric bill tells you much more than what your electricity costs. It shows when your meter was read and how much electricity you used.

 

WHERE YOUR MONEY GOES WHEN YOU PAY YOUR ELECTRIC BILL:

  • Per kilo-watt hour (kWh) charge for electric usage: The base cost is set by a tariff, or rate. The New Mexico Public Regulation Commission (NMPRC) regulates how much a utility can charge for their electricity based on a review of a cost-of-service study provided by the utility. Because CVE is a not-for-profit cooperative, its cost-of-service only includes what the co-op needs to serve its members. It does not include a profit for shareholders.
  • Power Cost Adjustment: The price of fuel used to generate electricity changes frequently so the bill reflects the actual price of power with the base price in the tariff. The Power Cost Adjustment refunds or recovers any amount CVE pays under or over the wholesale cost of power. This factor is the same for all members and changes monthly. CVE does not make a profit from this adjustment. It is a straight pass through to members, and is designed to ensure members pay what CVE paid.
  • Availability Charge: This charge covers the costs associated with having electrical service available on your property (for example, poles, wire, meters, etc.).
  • Sales Tax: Appropriate sales tax applies.

If you ever have questions about your bill, please give us a call at 575-746-3571.

 

PAY YOUR BILL:

CVE accepts cash, check, money order, or credit cards (Master Card/Visa/Discover). Credit cards are only accepted for the payment of residential accounts. There are several ways in which you can pay your bill.

  • In person at our office or drive-thru
  • Mail in your payment
  • Automatic Bank Draft
  • Online using your computer or mobile device. Click HERE to pay your bill online.

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