Energy Independence Act (I-937) Conservation Report 2016

Transcription

1 Energy Independence Act (I-937) Conservation Report Report Date May 26, Contact Name/Dept Sharon Silver / Power Resources Biennial Biennial Phone Target 5,729 Target 4,767 sharons@penlight.org Achievement 12,340 Surplus (Deficit) 6,611 Planning Planning Planning Ten Year Potential Target Ten Year Potential Target 28,645 5,729 23,835 4,767 Summary of Achievement and Targets Achievement Conservation by Sector MWh 2014 Achievement Expenditures ($) MWh 2015 Achievement Expenditures ($) Residential 2,686 $464,197 1,955 $385,095 Commercial 1,155 $161, $221,228 Industrial 60 $8,070 Agriculture Distribution Efficiency Production Efficiency NEEA 2,847 2,900 Note: Expenditure amounts do not include any customer or other non-utility costs. Conservation expenditures NOT included in sector expenditures $191,849 $185,969 Total 6,748 $826,052 5,592 $792,292 Notes, including a brief description of the methodology used to establish the utility's ten-year potential and biennial target to capture cost-effective conservation: For the compliance years , (PLC) utilized the Northwest Power and Conservation Council's 6th Plan Modified Calculator approach. PLC chose the Modified Calculator option to determine its Conservation potential as this approach allows it to more closely reflect the characteristics of its service territory. The Conservation Target Calculator is the starting point in determininga utility's Modified Calculator target. Since the Conservation Target Calculator values are not based on any utility-specific information, the Calculator simply assigns a share of the Council s overall assumption of regional conservation potential to each utility in proportion to that utility s percentage of regional electric sales. The Modified Calculator option permits a utility to adjust the Conservation Target Calculator values by using specific service area assumptions. The Conservation Target Calculator produces an initial ten-year potential for PLC of amw and a biennial target of amw. By then applying the Modified Calculator methodology, PLC has identified its ten-year potential as amw and its biennial target as amw. For compliance years , PLC held a public meeting on November 14, 2013 to hear and consider staff proposals and public comment regarding the adoption and implementation of achievable conservation targets as required by RCW PLC adopted its targets by action of its Board of Directors via Resolution at its public meeting held on November 14, 2013.

2 Energy Independence Act (EIA) Energy Report Loads and Resources 2014 Annual Load 570,046 Report Date May 26, 2015 Annual Load 553,560 Contact Name/Dept Sharon Silver / Power Resources Average of 2013 & 2014 Annual Loads 561,803 Phone Target (% of load) 9% sharons@penlight.org Eligible Energy Target 50,562 Eligible Resources and RECs 50,562 Compliance Method: Expenditures on Resources and RECs - RPS Target [RCW (2)(a)] invested in incremental cost of eligible renewable resources and the cost of RECs $203,549 Resource Cost [RCW ] Total annual retail revenue requirement - $53,321,716 Investment in renewables and RECs as a percent of retail revenue requirement 0.4% No Load Growth [RCW (2)(d)] Water Wind Solar Geothermal Landfill Gas Wave, Ocean, Tidal Gas from Sewage Treatment Biodiesel Biomass Qualified Biomass Labor Credit Eligible Resources Energy Credits 42, ,829 - Total s (MWh+RECs) - 42, ,829 - Reporting Year: This renewable energy report summarizes the eligible renewables resources and renewable energy credits (RECs) that the utility has acquired by January 1, for the purpose of meeting its Energy Independence Act (EIA) renewables target for. The actual resources and RECs used to comply with the EIA target may vary from those reported here. Utilities will report in June of 2018 on the actual results for. Compliance Methods: The EIA provides three compliance methods for utilities: -- Meet the renewable energy target using any combination of renewable resources and RECs. The target for 2015 is 3% of the util ity s load -- Invest at least 4% of the utility s annual revenue requirement in the incremental cost of renewable resources and RECs. -- Invest at least 1% of its annual revenue requirement in renewable resources and RECs. This option is available only to certain utilities that are not growing. All utilities must report the renewable resources and RECs acquired for the target year. Utilities that elect to use a compliance method based on renewable investments must provide additional information demonstrating compliance with that method. Refer to WAC (2) and (3) for specific requirements. NOTE: This is a general explanation of the renewable energy requirements of the Energy Independence Act, intended to help members of the public understand the information reported by the utility. Consult Chapter RCW and Chapter WAC for details. Distributed Generation Credit

3 Resources Facility Name WREGIS ID Resource Type Labor Eligibility Generation Labor (MWh equiv.) Explanatory Notes (as needed)

4 Energy Credits Labor Distributed Generation REC Distributed Vintage Resource Labor Generation Quantity Facility Name WREGIS ID (Year) Type Eligibility Eligibility RECs MWh equiv. MWh equiv. Condon Wind Power Project W Wind No No Condon Wind Power Project- Phase II W Wind No No Klondike III- Klondike Wind Power III LLC W Wind No No Klondike I- Klondike Wind Power LLC W Wind No No Stateline(WA)- FPL Energy Vansycle LLC W Wind No No 1, Harvest Wind W Wind Yes No 39,144 7,829 - No - No - No - No - No - No - No - No - No - No - No - No - No - No - No - No - No - No - No - Explanatory Notes (as needed)

5 Other notes and explanations: The calculation of the percentage of the revenue requirement invested in renewable energy credits takes the cost of RECs divided by the annual retail revenue requirement. Project # of RECs Price Per REC Total Harvest Wind 39,144 $ 5.20 $203,548.80

6 Energy Independence Act (EIA) Incremental Cost and REC Cost Report Incremental Cost of Resources Facility Name WREGIS ID MWh Resource Annual Cost in Resource Cost per MWH Description of Substitute Resource Substitute Resource Annual Cost in Substitute Resource Cost per MWH Incremental Cost of Resource in Totals - $0 $0 $0

7 Cost of Energy Credits Facility Name WREGIS ID REC Vintage (Year) Number of RECs Annual Cost of Energy Credits Cost per REC Condon Wind Power Project W $0 0 Condon Wind Power Project- Phase II W $0 0 Klondike III- Klondike Wind Power III LLC W $0 0 Klondike I- Klondike Wind Power LLC W $0 0 Stateline(WA)- FPL Energy Vansycle LLC W ,362 $0 0 Harvest Wind W ,144 $203, Total $203,549 Documentation of the calculation and inputs for percentage of revenue requirement invested in renewables: The calculation of the percentage of the revenue requirement invested in renewable energy credits takes the cost of RECs divided by the annual retail revenue requirement. Project # of RECs Price Per REC Total Harvest Wind 39,144 $ 5.20 $203,548.80