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Model Guaranteed Utility Savings Contract - New Mexico - Energy

Model Guaranteed Utility Savings Contract - New Mexico - Energy 2025

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The document outlines a Model Guaranteed Utility Savings Contract for Energy Performance Contracting between a Governmental Unit and a Contractor in New Mexico. It serves as a technical assistance guide provided by the Energy, Minerals and Natural Resources Department (EMNRD) to eligible governmental units. The contract details the scope of work, compensation, performance measures, energy savings guarantees, and responsibilities of both parties regarding the installation and maintenance of energy-saving equipment. It emphasizes legal compliance, contractor qualifications, and the importance of achieving guaranteed energy savings while providing mechanisms for reporting and reconciliation of savings.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How does ESCO work?

Energy service companies (ESCOs) develop, design, build, and arrange financing for projects that save energy, reduce energy costs, and decrease operations and maintenance costs at their customers facilities.

What is the ESA contract for energy?

An Energy Services Agreement (ESA) is where an energy service company (ESCO) manages the installation of energy-efficient equipment for a business. In some cases, they can guarantee savings from the equipment.

What is a guaranteed energy savings contract?

An energy savings performance contract (or simply, performance contract) is an agreement between a building or facility owner or occupant and a performance contractor. The contractor identifies, designs, and installs energy conservation measures (ECMs) and guarantees their performance.

What is the energy policy in New Mexico?

New Mexico prides itself on being a leader in the energy economy. As part of that continued leadership, New Mexico passed the Energy Transition Act in 2019, setting a statewide renewable energy standard of 50% by 2030 and zero-carbon standards for utilities by 2050.

What is the guaranteed energy savings performance contract?

Under an Energy Savings Performance Contract (ESPC), an energy service company (ESCO) coordinates installation and maintenance of efficiency equipment in a customers facilities and is paid from the associated energy savings. The ESCO typically provides a savings guarantee.

What are examples of energy saving?

To save the most energy, switch off the power point rather than leave appliances on standby. Turn off your heater, cooling units and appliances when you go to bed or leave the house. Switch off your computer and equipment such as printers or Wi-Fi routers overnight or when youre away.

What is the energy performance contract model?

Under an EPC arrangement an external organisation (ESCO) implements a project to deliver energy efficiency, or a renewable energy project, and uses the stream of income from the cost savings, or the renewable energy produced, to repay the costs of the project, including the costs of the investment.

What are the different types of energy performance contracts?

The two most common types of EPCs are referred to as a (1) shared savings or (2) guaranteed savings model. The EPC provides the customer with a guaranteed level of energy savings and the ESCO with a reliable source of revenue. EPCs typically last from two to 20 years, depending on the measures implemented.

Model Guaranteed Utility Savings Contract - New Mexico - Energy 2025

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