Renewable Energy For Electric Utilities (New Mexico)
Last modified on February 12, 2015.
|Applies to States or Provinces||New Mexico|
|Name||Renewable Energy For Electric Utilities (New Mexico)|
|Policy Category||Other Policy|
|Policy Type||Generating Facility Rate-Making, Renewables Portfolio Standards and Goals|
|Affected Technologies||Biomass/Biogas, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Solar Photovoltaics|
The purpose of this rule is to implement the Renewable Energy Act, and to bring significant economic development and environmental benefits to New Mexico. This rule applies to electric public utilities and rural electric distribution cooperatives. Each public utility must develop a reasonable cost renewable energy portfolio. In developing its renewable energy portfolio, a public utility shall take into consideration the potential for environmental and economic benefits to New Mexico. The renewable portfolio standard shall be no less than five percent (5%) of annual retail jurisdictional energy sales for calendar year 2006 and six percent (6%) for calendar years 2007 through 2010, except as modified by Subsection C of this section. The renewable portfolio standard shall be no less than ten percent (10%) for calendar years 2011 through 2014. The renewable portfolio standard shall be no less than fifteen percent (15%) for calendar years 2015 through 2019. The renewable portfolio standard shall be no less than twenty percent (20%) for calendar year 2020 and subsequent years. Rural electric distribution cooperatives must offer their retail customers a voluntary renewable energy tariff to the extent that their suppliers under their all-requirements contracts make such renewable resources available. Rural electric distribution cooperatives must report to the commission by April 30 of each year concerning the availability to them of renewable energy and the annual demand for renewable energy pursuant to their voluntary tariff.
|Contact Name||Bruno Carrara|
|Department||Public Regulation Commission|
|Address||1120 Paseo De Peralta P.O. Box 1269, Santa Fe, NM, 87504|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||New Mexico Annotated Code 62-16|