Xcel Energy (SPS) NM solar export rate
What Xcel Energy (SPS) NM pays for power exported from rooftop solar in New Mexico, with the source and the date it was checked.
No single rate — formula based
Excess generation is cashed out at the Locational Marginal Price (LMP), the market value established by the Southwest Power Pool (SPP); a net amount owed to the customer under $50 may be carried over to the following billing period, and $50 or more is paid before the end of the next billing period.
Xcel Energy (SPS) NM · New Mexico
The page describes NEM benefits and a virtual-bank/LMP settlement, not a fixed statewide export rate.
Source: xcelenergy.com
Full Xcel Energy (SPS) NM detail →New Mexico rules that apply to Xcel Energy (SPS) NM
The state framework sets the default. Where Xcel Energy (SPS) NM pays something different, the utility tariff governs and is what the card above reports.
| Compensation mechanism | Net metering for customer-sited qualifying facilities up to and including 10 kW: the utility nets monthly energy and must either credit/pay excess net energy at its energy rate or credit excess net kWh. |
|---|---|
| Export rate | There is no single statewide fixed export number in the cited rule. Excess is credited or paid at the utility's applicable energy rate, or credited as net kilowatt-hours; utility-specific tariffs determine the amount. |
| Rate effective | The cited 17.9.570.14 net-metering section is marked [17.9.570.14 NMAC - N, 10-15-08]; current utility tariffs and approved changes control the applicable rate. |
| Credit rollover | Yes. Unused net-kWh credits carry forward month to month; if a utility uses credits and the customer leaves the system, unused credits are paid at the utility's energy rate. |
| Credit expiration | The rule does not set an annual expiration date for monthly net-kWh credits. If the customer leaves the system, unused credits must be paid at the utility's energy rate. |
| Annual true-up | No annual statewide true-up date is stated in the cited rule; the rule specifies monthly billing and next-bill crediting, with settlement when the customer leaves the system. |
| Regulator | New Mexico Public Regulation Commission (NMPRC). |
| Governing rule | 17.9.570 NMAC governs qualifying-facility purchases and net metering; 17.9.568 NMAC sets the interconnection standards for qualifying facilities subject to 17.9.570.14. The Renewable Energy Act statutory authority is Sections 62-16-1 to 62-16-10 NMSA 1978. |
Other New Mexico utilities
- PNMFormula basedExcess kilowatt-hours are credited to the customer's bill on the following month and unused cre
- El Paso Electric (NM)Formula basedNet Metering Option: the customer is paid for energy supplied above the amount consumed at the