New Mexico guts renewable energy portfolio standard laws

New Mexico has cut in half the amount of renewable energy utilities must use in the coming years, citing costs. Renewable energy proponents counter that the price of solar is dropping. However, those lower prices are due to at least in part state and federal subsidies, tax breaks, and incentives.

New Mexico energy regulators altered the state’s renewable energy law this week, infuriating renewable energy advocates who say the move will stunt the state’s growing solar industry. The changes made by the Public Regulation Commission (PRC) will permit utilities to use less solar energy.