New Mexico
Incentives/Policies for Renewables & Efficiency
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Last DSIRE Review: 12/10/2008
| Incentive Type: |
Public Benefits Fund |
| State: |
New Mexico |
| Eligible Efficiency Technologies: |
Yes; specific technologies not identified
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| Applicable Sectors: |
Commercial,
Industrial,
Residential
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| Charge: | Limit: $75,000/yr per customer |
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Authority 1:
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N.M. Stat. § 62-17-1 et seq.
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Summary:
The Efficient Use of Energy Act of 2005 allowed public electric and natural gas utilities to implement cost-effective energy-reduction programs. The programs may be funded through a tariff rider for energy-efficiency and load management programs. The charges on the consumer cannot exceed the commission’s approved tariff for that customer’s bill or $75,000 per year. The Act also provides for monitoring, verification, and periodic reporting by the utility on its energy efficiency expenditures and overall program effectiveness. Public utilities must obtain Commission approval of energy efficiency and load management programs before they are implemented.
PNM is the only investor-owned utility that has received approval of energy efficiency programs for its gas service. PNM also received approval for its electric energy efficiency programs and program cost tariff riders approved in Case No. 07-00053-UT on August 28, 2007.
A distribution cooperative may collect from its customers a renewable energy and conservation fee of no more than one percent of the customer's bill. Money collected through the renewable energy and conservation fee must be segregated in a separate renewable energy and conservation account from other distribution cooperative funds and can only be expended on programs or projects to promote the use of renewable energy, load management or energy efficiency. At this time only one cooperative, Roosevelt County Electric Cooperative, has imposed a renewable energy and conservation fee upon its member/customers.
Electric cooperatives must provide written submission of their energy-efficiency programs to the Commission, but approval for such programs shall reside with the governing body of each cooperative utility.
Background
In 2007, SB 418 § 14 removed a requirement that consumer charges cannot exceed 1.5% of a consumer's energy bill and empowered the Commission to establish a new cap.
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Please note: The information on the DSIRE web site provides an overview of incentives and other policies, but it should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions or other binding agreements. Please refer to the individual contact provided in each record to verify that a specific incentive or other policy is applicable to your specific project.
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