Industrial:
Institutional:
* Contact Us if you know of additions or subtractions from this list.
Statewide Interconnection Procedures: Yes
Waste Heat Included in Renewable Portfolio Standard: Unknown
CHP in Utility Demand-Side Management: No
Output-based Emission Standards: No
Fair Standby Rates: Unknown
CHP-Specific Incentives: Some
Electricity prices in New Mexico have remained fairly low in comparison to the national average over the past five years, staying about a cent and a half per KWh lower for commercial power and about half a cent lower for industrial power. The power prices have stayed fairly consistent with very little volatility over the five year time period. Overall, New Mexico falls in the middle of the southwest states in respect to electricity prices.
Source: EIA; data is year-to-date through December 2010. Note: All data post January 2010 are preliminary estimates based on a cutoff model sample.
Natural gas prices in New Mexico have stayed fairly close to the national average in terms of volatility, while remaining, on average, more than a dollar cheaper than the national average(per thousand cubic feet or TCF) for commercial customers, but about a half a dollar more expensive than the national average for industrial customers. This puts New Mexico in the middle of the southwest states ranking as far as both price and volatility are concerned.
When evaluating CHP, a considerable amount of attention needs to be placed on the price of natural gas, and where it may be headed in the future. The combination of relatively low electric prices and rising natural gas prices makes it more difficult for a CHP project to be economic and generate cost savings, but there are still going to be successful applications for the appropriate use of CHP. The best applications are those that value high reliability, have higher electric rates during peak times, spend a high percentage of their energy bill on air conditioning, and/or potentially could make use of a "waste fuel."
Source: EIA; data is year-to-date through December 2010.
** Click on a state to learn more about the status of CHP in that state
Check for incentives for CHP projects in New Mexico with our Southwest CHP Incentives Database, or Contact Us to see if we know of others for which you may be eligible.
Search for 2-page Project Profiles on successful New Mexico CHP projects in our new database.
Article from the Albuquerque Journal: Recycled Energy Adds Jobs and Strengthens Manufacturing in New Mexico
Tri-State G&T offers incentives for distributed and/or renewable projects in areas served by its 44 member co-operatives, and CHP qualifies. See the Summary, FAQs (part 1) and FAQs (part 2).
