New Mexico’s HB 291
Set a new 2025 target to achieve efficiency savings of 5% relative to 2020 sales, raised the cap on efficiency spending, and enabled revenue decoupling.
LPDD Recommendation: “States should adopt EERS’s with an aggressive initial annual savings level that ratchets up each year, and should periodically reexamine and strengthen the required savings level as more-efficient technologies evolve.”
LPDD Recommendation: “States should design and implement effective energy efficiency programs to achieve annual energy savings equal to at least 2% of utility electricity sales (the current average is 0.71%) and increase over time, and states who aim to lead on energy efficiency should set the minimum level at 3% or higher.”