N.M. Admin. Code § 17.9.573.20 - COMMUNITY SOLAR BILL CREDIT RATE
A. In calculating the solar bill credit rate,
the utility shall calculate the total aggregate retail rate on a
per-customer-class basis, less the commission-approved distribution cost
components, and identify all proposed rules, fees and other charges converted
to a kilowatt-hour rate, including fuel and power cost adjustments, the value
of renewable energy attributes and other charges of a qualifying utility's
effective rate schedule applicable to a given customer rate class, but does not
include charges described on a qualifying utility's rate schedule as minimum
monthly charges, including customer or service availability charges, energy
efficiency program riders or other charges not related to a qualifying
utility's power production, transmission or distribution functions, as approved
by the commission, franchise fees and tax charges on utility bills;
B. The total aggregate retail rate is the
total amount of a qualifying utility's demand, energy and other charges
converted to a kilowatt-hour rate, including fuel and power cost adjustments,
the value of renewable energy attributes and other charges of a qualifying
utility's effective rate schedule applicable to a given customer rate class,
but does not include charges described on a qualifying utility's rate schedule
as minimum monthly charges, including customer or service availability charges,
energy efficiency program riders or other charges not related to a qualifying
utility's power production, transmission or distribution functions, as approved
by the commission, franchise fees and tax charges on utility bills. The
utility's tariff for the bill credit shall include a table specifying the
components of the total aggregate retail rate, the value of the renewable
energy attributes and the distribution costs to be subtracted.
C. The utility shall base its distribution
cost calculation upon its most recently commission-approved cost-of-service
study indexed to current value.
D.
The utility shall not subtract any costs of transmission from the solar bill
credit rate calculation.
E. The
utility shall initially value the environmental attributes of renewable energy
certificates (RECs) at the utility's average cost of meeting its renewable
portfolio standard requirement. During the utility's next base rate case, the
Commission will consider whether to adopt a replacement methodology to
determine the net present value of the environmental attributes of RECs
necessary to reach the mandated eighty-percent renewable portfolio standard by
2040, including full environmental and distribution benefits.
Notes
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