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The standard-offer rates for small generators (qualifying facilities) published by 3 investor-owned utilities we cover in New Mexico: El Paso Electric, PNM and Xcel Energy (SPS). Checked on October 4, 2026.
| Utility | Schedule | Size cap | Rate structure | Effective | Checked on |
|---|---|---|---|---|---|
| El Paso Electric | Forty-Fourth Revised Rate No. 16, Purchased Power Service (New Mexico), with monthly 'New Mexico Purchase Power Factors for Qualifying Facilities' sheets | QFs up to 80 MW ('small' under 18 CFR 292.204(a)). Monthly average rate for QFs rated 5 MW and below; hourly ELAP pricing above 5 MW. 17.9.568 NMAC controls for customer-owned QFs of 100 kW or smaller where inconsistent with the tariff. | QFs 5 MW and below: one per-kWh rate per billing month equal to the average of Western EIM EPE System ELAP prices times Rate No. 18 voltage loss adjustments, published monthly by voltage (secondary, primary, 69 kV, 115 kV) as Non-TOD, On-Peak and Off-Peak rates and applied to excess generated kWh. QFs above 5 MW: hourly ELAP price x loss adjustment x actual hourly production. | Rate No. 16 (44th Revised): 2024-08-01. Payment factors in effect: those billed in October 2026. | 2026-10-04 |
| PNM | 56th Revised Rate No. 12, Cogeneration and Small Power Production Facilities (canceling 55th Revised Rate No. 12) | Published monthly rate tables: QFs rated 5 MW and below. QFs above 5 MW are paid hourly ELAP prices times a loss factor. QFs rated 10 kW or less: Rule 570.14 (net metering) provisions apply. | QFs 5 MW and below: a 12-month table (March through February) of per-kWh energy rates by interconnection voltage (secondary, primary, substation, sub-transmission, transmission) and costing period matching the QF's retail schedule (TOU on/off-peak, RTOD/TOD on/off-peak, TOD super off-peak, non-TOU); a separate solar 'All Daylight Hours' rate at primary voltage. Some printed values are negative (shown in parentheses); rates applied to bills are not less than $0.00/kWh. QFs above 5 MW: actual hourly production x hourly ELAP price x voltage loss factor. | 2026-03-01 unverified | 2026-10-04 |
| Xcel Energy (SPS) | Thirty-Third Revised Rate No. 4, Purchases from Qualifying Facilities (Tariff No. 3018.33) | All QF sizes, in three classes: Small QF 10 kW or less; Intermediate QF more than 10 kW but less than 1 MW; Large QF 1 MW or greater (each settled differently). | As-available energy paid per settlement interval at SPP prices x a QF-specific loss factor: QFs self-registered in the SPP Market get the Day-Ahead LMP on scheduled MWh; Large QFs registered by SPS get the Real-Time LMP less SPP charges; Intermediate and Small QFs get the Real-Time LMP at the electrically closest Settlement Location. $215.00 per month charge if the QF is not an SPS New Mexico retail customer. | 2014-04-05 unverified | 2026-10-04 |
Rates, eligibility and contract terms change: confirm them with the utility or the state utility commission before relying on them.