New Mexico Incentives/Policies for Energy Efficiency |
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Last DSIRE Review: 11/12/2012
Program Overview:
| State: |
New Mexico |
| Incentive Type: |
Energy Efficiency Resource Standard |
| Eligible Efficiency Technologies: |
Custom/Others pending approval |
| Applicable Sectors: |
Investor-Owned Utility, Gas Utilities |
| Electric Sales Reduction | 5% of 2005 total retail kilowatt-hour sales by 2014
10% of 2005 total retail kilowatt-hour sales by 2020 |
Authority 1:
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N.M. Stat. ยง 62-17-1 et seq.
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Summary:
The Efficient Use of Energy Act requires investor-owned utilities in New Mexico to offer demand-side management and load management programs to their customers. The programs should be designed to achieve electricity savings totaling 5% of their 2005 retail sales by 2014, and 10% of their 2005 retail sales by 2020. All programs adopted by a utility must first be approved by the New Mexico Public Regulation Commission (PRC). Upon approval by the PRC, utilities are entitled to apply a surcharge to their customers' utility bills to be compensated for the funds expended to administer these programs. The law also requires gas utilities to "acquire all cost-effective and achievable energy efficiency and load management resources", but stops short of establishing a percentage-based savings target for them.
If a utility finds that they cannot meet the 5% and 10% electricity savings targets, they will report to the PRC and propose a new target based on what they determine to be their maximum cost-effective savings. If the PRC agrees with the utility, they may establish new, lower targets for the utility.
Distribution cooperative utilities, which are not regulated by the PRC, are required to develop their own self-imposed electricity reduction targets and to design demand side management programs to enable them to meet those targets. Each cooperative utility must submit a report to the PRC annually describing their demand side management efforts from the previous year. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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