El Paso Electric Releases Request for Proposals for Renewable Energy for New Mexico

EL PASO, Texas--(BUSINESS WIRE)--El Paso Electric Company (EPE) issues a Request for Proposals (RFP) to obtain short-term and/or long-term renewable energy resources for its New Mexico customers by 2027 (2023 NM RPS RFP). The objective of this RFP is to obtain cost effective and reliable renewable electric resources to comply with the New Mexico Renewable Portfolio Standard (RPS) requirements. The New Mexico Renewable Energy Act (REA) requires EPE to meet 40% of its New Mexico retail energy sales with renewable energy resources beginning in 2025, increasing to 50% in 2030. Only renewable energy that is delivered to EPE and assigned to New Mexico customers is eligible for RPS requirements under the REA.

The RFP welcomes all forms of renewable energy resources, particularly those that come bundled with their associate Renewable Energy Certificates and attributes as defined by the REA. As part of New Mexico’s RPS, EPE has identified the need for short-term and/or long-term resources that will generate approximately 150,000 megawatt hours per year of additional renewable energy by May 1, 2025, if achievable, but no later than May 1, 2027.

“At EPE, we continue to experience a two percent customer base growth rate year-over-year, which inevitably leads to an increase in energy usage and customer demand,” shares President and CEO Kelly A. Tomblin. “Leading environmental sustainability is one of our strategic anchors as we continue to develop and innovate how we reliably provide energy to our customers in compliance with the New Mexico Renewable Energy Act. That is why we are looking forward to integrating greater amounts of renewable energy.”

Prospective bidders have until Friday, November 3, 2023, to submit a Notice of Intent to bid. The full 2023 NM RPS RFP can be found at epelectric.com, here.

About El Paso Electric

El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 460,000 retail and wholesale customers in a 10,000-square mile area of the Rio Grande valley in west Texas and southern New Mexico.

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