El Paso Electric (NYSE: EE) just signed two ridiculously cheap solar and solar-plus-storage PPAs, including one solar project at under $15 per MWh.
Source: Utility Dive
For context, that comes out to 1.5 cents per KWh. If you've looked at your electricity bill lately, you would see how cheap this really is. The average electricity price in the US across all sectors is 10.29 cents per KWh, but residential prices are actually significantly higher at 12.85 cents, according to the EIA.
Notably for El Paso Electric, these PPAs mark the first time the company