New Mexico Energy Efficiency Obligation

In 2007, the government of New Mexico introduced an energy efficiency obligation for all sectors except transport using electricity. Obligated parties include investor-owned utilities. The obligation seeks to achieve a 5% savings based on 2005 electricity retail sales by 2014 and 8% of 2005 retail sales by 2020. There are no specific energy efficient measures. Calculation of savings is based on deemed savings. Annual reports must be submitted by each utility and a comprehensive M&V report must be conducted by an independent evaluator every three years. Typically, a subset of programmes is independently evaluated every year. New programmes are independently evaluated in their first year and every year the two programmes with the highest projected energy savings are evaluated.