Conservation & Demand Management (CDM) Program Update

Transcription

1 Conservation & Demand Management (CDM) Program Update Mike Mulqueen Lead - CDM Business Development Housing Services Energy Forum October 27, 2015

2 Agenda CDM 2016 Update Current Programs New Pilot Programs & Innovation 2

3 CDM - UPDATE 3

4 Conservation First Directive What s been happening? Ministry of Energy Directive received March 31, 2014 Conservation will not be going away any time soon Most cost-effective alternative to new generation Renewal & Change Local Distribution Companies (LDCs) now have energyonly targets (i.e. kwh) LDCs formally launching in 2015 (July 1 st in Toronto) LDCs are engaged in program development and renewal 4

5 How should the marketplace react?....and carry on 5

6 CDM Beyond Programs APPLICATIONS Project Completion Amending Agreement APPLICATIONS Programs 2014 Start 2015 Date Provincial Long-Term Energy Plan commits CDM to 6 more years of stable funding Seamless transition for customers: work with your LDC Incentive levels to remain unchanged in 2015 Incentive rates may change starting in

7 CAUTION for Social Housing Projects submitted on or before July 31, 2014 were approved under the previous social housing adder rules. These projects must be completed by December 31, 2015 or the incentive is at risk All projects completed after December 31, 2015 will be re-calculated and paid at the current social housing adder which is 2 times the standard incentive (up to 50% of project costs). 7

8 PROGRAM DEVELOPMENT 8

9 CDM Program Evolution Interim Transition Programs Redesigned Programs Additional New Province-Wide & Regional Programs Ist Generation (2015) 2 nd Generation (2016) Starting any time 9

10 2 nd Generation and Beyond CDM Business Program Development Enhancement Retrofit (2016) Audit (2016) Home Assistance (2016) Energy Manager (Jan. 2016) HPNC (2016) P&S Upgrade (2016) P&S Upgrade/3 rd Party (2015Q4) Existing Building Commissioning saveonenergy/ldc websites New Upstream/Midstream (2017) Operational Savings (2017) Direct Install (Regional) Current incentive rates to remain at least until February

11 CURRENT PROGRAMS 11

12 How to Get Started 12

13 Audit Funding Program Supports different types of one-time audits Funding to cover up to 50% of audit cost $0.10/sq ft up to $25,000 Covers 50% of most travel expenses Requires approved 3 rd party auditor Building Systems Audit can be focused on specific systems, with up to $5000 available: HVAC fans & pumps Booster pumps 13

14 Retrofit Program Funding to install high-efficiency equipment & control systems Cover up to 50% of project costs $0.10/kWh (non-lighting) $0.05/kWh (lighting) Monitoring & Targeting is eligible Sub-metering is eligible and provides up-front incentives Rooftop Unit Air Conditioning program allows for emergency replacement; enrolment up to 45 days after installation Use in combination with Building Systems Audit to accelerate pump, fan and compressor projects 14

15 Eligible Retrofit Measures HVAC Lighting 15 Controls Other: Pumps Monitoring & Targeting Elevators Appliances Building Envelope Submeters Pool

16 Home Assistance Program FREE energy efficiency upgrades for all incomequalified residential customers (aligned with Ontario Electricity Support Program) Non-Profit buildings 3 storeys or less are eligible Home Energy Assessment to determine upgrades Professional installation of energy-efficient equipment such as: Lighting, power bars, aerators Appliances (fridges, freezers, window ACs) Draftproofing and attic insulation (electricallyheated homes only) Where practical, program delivery co-ordinated with natural gas programs 16

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18 Case Studies: Lighting Upgrades Masters Condominium Four buildings, 950,000 sq feet. 12 to T8 upgrade in common areas - Project Cost: $83,320 - Incentive: $20,893 - Electricity Cost Savings: $41,785 - Simple Payback time: Under 2 years Toronto Community Housing 31 mid to high-rise apartment buildings LED lighting upgrades in common areas and parking garages Total Project Costs: $1,310,688 Total Incentives: $520,177 (includes $338,560 social housing adder) Electricity Cost Savings: $435,880 Simple Payback time: 1.8 years (with incentives) Simple Payback time: 3 years (without incentives) 18

19 Case Studies: Booster Pumps GWL Realty Advisors 24-storey condominium Variable speed drives installed on pumps Project Cost: $19,130 Incentive: $6,508 Electricity Cost Savings: $7,810 Simple Payback time: 19 months CAPREIT Eight high-rise apartment buildings Replacement of cold water booster pumps Most pumps reduced in size (ie. 10HP to 3HP) Variable speed drives installed Project Cost: $209,588 Incentive: $41,829 Electricity Cost Savings: $43,586 Simple Payback time: 3.8 years 19

20 NEW PILOT PROGRAMS & INNOVATION 20

21 Demand Control Ventilation uses CO2 sensors to monitor fresh air requirements for the space and adjusts the dampers to control the intake of outside air Typically reducing energy by 20 to 40% VFDs help save energy by ensuring the fans run at speeds appropriate to requirements When the system isn t conditioning indoor air, the VFD reduces fan speed to use 60 to 80% less energy 21

22 Optimizing hydronic systems by retrofitting pumps with Variable Frequency Drives (VFDs) could reduce electricity use by up to 30% VFDs together with balancing by a qualified professional can impact electricity consumption Paybacks on installations range from 2 to 4 years but can be as quick as 4 months, depending on pump size 22

23 Summary CDM incentive programs are continuing Include conservation in your capital plans Speak to your LDC We can help you with any project, large or small. Stay tuned for new program announcements 23

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25 Disclaimer The information in these materials is based on information currently available to Corporation and its affiliates (together hereinafter referred to as ), and is provided for information purposes only. does not warrant the accuracy, reliability, completeness or timeliness of the information and undertakes no obligation to revise or update these materials. (including its directors, officers, employees, agents and subcontractors) hereby waives any and all liability for damages of whatever kind and nature which may occur or be suffered as a result of the use of these materials or reliance on the information therein. These materials may also contain forward-looking information within the meaning of applicable securities laws in Canada ("Forward-Looking Information"). The purpose of the Forward-Looking Information is to provide s expectations about future results of operations, performance, business prospects and opportunities and may not be appropriate for other purposes. All Forward-Looking Information is given pursuant to the "safe harbour" provisions of applicable Canadian securities legislation. The words "anticipates", "believes", "budgets", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "projects", "schedule", "should", "will", "would" and similar expressions are often intended to identify Forward-Looking Information, although not all Forward-Looking Information contains these identifying words. The Forward-Looking Information reflects the current beliefs of, and is based on information currently available to, Toronto Hydro s management. The Forward-Looking Information in these materials includes, but is not limited to, statements regarding s future results of operations, performance, business prospects and opportunities. The statements that make up the Forward-Looking Information are based on assumptions that include, but are not limited to, the future course of the economy and financial markets, the receipt of applicable regulatory approvals and requested rate orders, the receipt of favourable judgments, the level of interest rates, s ability to borrow, and the fair market value of s investments. The Forward-Looking Information is subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical results or results anticipated by the Forward-Looking Information. The factors which could cause results or events to differ from current expectations include, but are not limited to, the timing and amount of future cash flows generated by 's investments, market liquidity and the quality of the underlying assets and financial instruments, the timing and extent of changes in prevailing interest rates, inflation levels, legislative, judicial and regulatory developments that could affect revenues, and the results of borrowing efforts. cautions that this list of factors is not exclusive. All Forward- Looking Information in these materials is qualified in its entirety by the above cautionary statements and, except as required by law, undertakes no obligation to revise or update any Forward-Looking Information as a result of new information, future events or otherwise after the date hereof. 25