Dive Brief:
- Regulators in New Mexico have approved a two-year, $22.5 million energy efficiency plan for residences and commercial sites submitted by utility PNM.
- PNM expects energy efficiency to produce 82.5 gigawatt-hours in energy savings over that period by providing incentives to reduce energy use through efficient lighting, appliances, weatherization and building upgrades.
Dive Insight:
While advocates like the Southwest Energy Efficiency Project support the action, they note the New Mexico Public Regulation Commission failed to take the next step and include carbon credits. Counting carbons credits to measure the cost-effectiveness of a program has made inroads elsewhere as a funding tool.
