2016_06_15 Clean Energy Fund 101
Transcript of 2016_06_15 Clean Energy Fund 101
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OBG PRESENTS:
Energy In Transition – The Clean Energy Fund 101Neil Webb
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AGENDAA Time of Transition
Reforming the Energy Vision
Agents for Change
The Clean Energy Fund (CEF) Four Pillars
NYS Generating Mix
Portfolio Expenditure Breakdown
Key Concepts
Review
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Energy Supply Chain
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Generation Transmission Distribution
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Canadian Niagara Power Plant
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http://www.nflibrary.ca/nfplindex/data/2/9/97629-517715
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Linemen on first Niagara Falls to Buffalo transmission line
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Photo Courtesy of Niagara Mohawk Power Corp, from Richard Peterson's Photo Collection
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New York City 1890
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Delhi, India
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What is Reforming the Energy Vision (REV)?
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REV Goals
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40% Reduction in GHG
50% Generation of electricity from renewables
23% Decrease in energy consumption
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REV Goals
• Enhanced customer knowledge and tools that will support effective management of their total energy bill
• Market animation and leverage of ratepayer contributions
• System wide efficiency
• Fuel and resource diversity
• System reliability and resiliency
• Reduction of carbon emission
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REVelent Programs
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Renewable EnergyLarge-Scale Renewables Strategy
NY-SunK-Solar
Renewable Heat NY
Clean Energy FinancingNY Green BankPACE Financing
Energy Infr. ModernizationEnergy Highway
Smart Gen. and TransmissionLow Cost Power for Economic
Development
Building and Energy EfficiencyBuildSmart NY
Energy Efficiency Measures inAffordable Housing
Combined Heat and Power
Sustainable and Resilient Comm.NY Prize Community Microgrids
New York Community PartnershipsREV Campus Challenge
Innovation and R & DREV Business Model
DemonstrationsEnergy Storage R&D and
Commercialization
TransportationCharge NY
Clean Fleets NY and InnovativeOwnership Models
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Agents for Change
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AGENCIES
NYSERDA
NYPA
Public Service Commission
NYSDEC
NREL/DOE
UTILITIES
National Grid
NYSEG
RGE
Central Hudson Gas & Electric
Orange & Rockland
ConEd
INITIATIVES & PROGRAMS
Reforming Energy Vision
BuildSmartNY
NYSERDA PON
NY Prize
Industrial Assessment Centers
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Clean Energy Fund
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10 Year Program
$5 Billion Fund
50% Renewables by 2030
80% GHG Reduction by 2050
PSC Order Issued January 21, 2016
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Program Highlights – Four Pillars
TARGETS
50% of Electric Consumption Statewide from Renewables
40% Reduction in GHG from 1990 levels
600 trillion Btu increase in statewide efficiency
POLICIES
Revision of policies and practices to be consistent with statewide goals
Includes:• Retail Market Design
• Rates and Prices
• Business Practices
INCENTIVES & SUPPORT
Reconstituting NYSERDA’s mission especially as it pertains to NY Sun programs and New York Green Bank
ACTIONS
The state must lead by example
It is one of the largest energy consumers and suppliers to the marketplace through NYPA and LIPA
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New York State Generation Mix
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CEF Portfolio Goals
1 Establish a Funding Level = $5.3 billion
7Structure a “Bill-As-You-Go” approach to NYSERDA receiving reimbursements from ratepayer collections by utilities
2Establish Four Primary Objectives:1) GHG Emission Reductions 3) Increase Efficiency2) Customer Bill Savings 4) Increase Renewable Generation
3 Establish a Ratepayer Collection Cap in 2016 ~ $585 million
4 Reallocate $1.2 billion in uncommitted SBC, EEPS, RPS funds
5 Authorize $150 million for a 2016 Main Tier Solicitation
6 Complete Capitalization of NY Green Bank
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CEF Portfolio Breakdown
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Proposed Expenditure by Categories
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Proposed Expenditure by Categories
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Key Concepts Contained within the CEF
Investment Plans
Both Market Development and Innovation & Research portfolios will have annual investment plans
• Three year rolling budget projections and estimates on benefits• Initiative details and timeline• Performance indicators
Major theme is to embark on a continuous improvement process of Test-Measure-Adjust
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Key Concepts Contained within the CEF
Bill-As-You-Go Approach
On a quarterly basis NYSERDA submits for reimbursement bills accrued for actual program expenditures
NYSERDA initially receives a start up infusion of 25% of the first year’s anticipated budget
WHY? There is a desire to minimize the accumulation of
unexpended balances within a state agency (NYSERDA)
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Key Concepts Contained within the CEF
Fuel Neutrality
Clean energy investments are possible based on overall benefit regardless of specific fuel type
• Truly customer oriented – customer focused initiative• Optimizes GHG emission reductions
Broader system wide benefits• Increased resiliency of fuel availability when interruptions occur• Increasing the diversity of our fuel and energy mix
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Resources
http://www.nyserda.ny.gov/About/Clean-Energy-Fund
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Neil Webb | https://www.linkedin.com/in/neilbwebb