LAUSR

Abstract We find that 67% of New Mexico's residential net-metering (NEM) customers are net buyers of monthly utility energy and, through these energy purchases from the utility, these customers cover 90% of their full cost of service. For those NEM customers that are net-sellers of “excess energy,” their only contribution to utility costs is through a small monthly fixed customer charge. Because NEM residential customers with “excess energy” comprise only 33%, of total NEM residential customers, NEM residential customer coverage of utility fixed costs, including both the net buyers and net sellers, is 65% of the full cost of electricity service.