1 / 12

New Mexico Renewable Portfolio Standards

New Mexico Renewable Portfolio Standards. Commissioner Jason Marks, New Mexico Public Regulation Commission. SB 43 – Renewable Energy Act. 2004 Legislature, Replaced RPS by Rule. R.E.: solar, wind, biomass, geothermal Scope: IOUs RPS 5% of retail sales in 2006 +1%/year

hesper
Download Presentation

New Mexico Renewable Portfolio Standards

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. New Mexico Renewable Portfolio Standards Commissioner Jason Marks, New Mexico Public Regulation Commission Jason Marks, New Mexico PRC

  2. SB 43 – Renewable Energy Act 2004 Legislature, Replaced RPS by Rule • R.E.: solar, wind, biomass, geothermal • Scope: IOUs • RPS 5% of retail sales in 2006 +1%/year 10% of retail sales in 2011 • Large Customer Limits • Commission Sets RCT • Diversity Jason Marks, New Mexico PRC

  3. SB 43 – Renewable Energy Act • Annual Procurement Plans • RECs (Banking and Trading) • Voluntary Programs Authorized • Electric Co-ops • Green Tariffs for IOUs Jason Marks, New Mexico PRC

  4. Administrative Rules & Orders • Weighting of Technologies (Admin Rule): • 1x: Wind, Hydro • 2x: Biomass, Geothermal • 3x: Solar • Reasonable Cost Thresholds (Order): • Overall cost cap of 1.0%, increasing to 2.0% by 2011 • Technology Caps: Wind, Hydro 4.9¢ Biomass, Geothermal 6.254¢ Large Solar (>= 10 kw) 10 ¢ Small Solar 15 ¢ Jason Marks, New Mexico PRC

  5. Initial RPS Compliance Focused on Wind Projects +Low Cost: <= 3 cents/kwh -Dispatchability +/-Integration Jason Marks, New Mexico PRC

  6. Diversification • PNM Small Solar Programs • REC Buy Back for Customer-Owned PV • 90 kw/yr (45 systems @ 2kw), $0.13/RECkwh • Utility-Owned 25 kw PV Plant Jason Marks, New Mexico PRC

  7. Let’s put a lil solar in the mix Jason Marks, New Mexico PRC

  8. Sources of RECsPub Svc of New Mexico Jason Marks, New Mexico PRC

  9. Diversification: 2005 Plans • More Wind • RFPs for Non-Wind R.E. • Bids include: • Biomass 30 MW • CSP (Stirling) 150 MW Jason Marks, New Mexico PRC

  10. Successes to Date • Strong Public Support • 0 to 8 in 3 yrs • Minimal Costs to Ratepayers • Customers of “Gas Heavy” Utility Actually $aving Due to RPS • RE Costs Less than Other Electric Cost Drivers Jason Marks, New Mexico PRC

  11. Issues • Operationalizing RCTs • Ownership of Net Metered RECs • Cost Recovery  Rate Case  FPPAC • Diversification – weighting vs. other methods Jason Marks, New Mexico PRC

  12. Future Directions • Integrated Resource Planning • Carbon Limits • Increased Targets (20 x 20) • Solar Set-Asides IRP EE RPP Jason Marks, New Mexico PRC

More Related