renewable energy committee meeting discussion of 2008 renewable energy program plans
DESCRIPTION
Renewable Energy Committee Meeting Discussion of 2008 Renewable Energy Program Plans. October 9, 2007. Today’s Overview. Program Changes Budget (compared to 2007) MWh (compared to 2007) Other Goals (compared to 2007). Purpose of Plan. Combines high level plan with program details - PowerPoint PPT PresentationTRANSCRIPT
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Renewable Energy Committee Meeting
Discussion of 2008 Renewable Energy Program Plans
October 9, 2007
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Today’s Overview
• Program Changes
• Budget (compared to 2007)
• MWh (compared to 2007)
• Other Goals (compared to 2007)
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Purpose of Plan• Combines high level plan with program details
– One regulatory filing instead of two
• Components same as 2007 Compliance filing– Program designs– Budgets– Marketing plan– Goals
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2008 Staff Proposed Budget(all $000)
Renewable Energy Proposed Allocation: Budget CORE $127,494 Other RE (CPC, RECs, DEP baseline, other) $5,000 EDA Programs $40,000Total $172,494
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Renewable Budget Comparison
$151,611
$132,944
$935 $981 $842 $1,346 0$5,113
$19,400
$34,887
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
Annual Budget(000)
CORE CPC REC RMDI EDA ProgramsInitiative
NJCEP Renewable Budget Comparison
2007
2008
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Renewable Generation Comparison
34,000
38,021
83,243
38,000
56,999
51,600
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
MWh
CORE REC CPC RMDIInitaitive
NJCEP Renewable Programs Projected Annual New Generation
2007
2008
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CORE Program Changes• Stop accepting new applications once each budget
category is subscribed (terminate queues)• $5 million dedicated for new wind and biomass
applications (pending funding approval) • Expected Performance Based Buy-down for wind• Develop new rebate program for 2009• Provide transition support
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CORE ComparisonPY 2007 PY 2008
Budget $151 m(new + outstanding)
$127-$133 m(new + outstanding)
MWh ~34,000(24,000 solar &
10,000 non)
~38,000(29,400 solar &
8,500 non)
Number of Systems
714 1,373
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CORE 08 Budget by Activity
Note: Includes projected $76 m carry-forward from 07 (including ~200 new approvals w O8 funds) and $22m carry-forward of commitments to be paid in 09
CORE Proposed 2008 Budget (all $000)
Administra-tion and Program Developmt $1,274
Sales, Call Centers, Marketing and Website $65Training $145
Rebates, Grants, and Other Direct Incentives $129,903
Rebate Processing, Inspections and Other Quality Control $1,557
Performnce Incentives tbd
Evaluation and Related Research $0Total $132,944
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Proposed Allocation of New CORE Rebate Funds
(All numbers = 000's)
Preliminary 2008 CORE
Budget% of 2008
CORE BudgetBudget Category< 10 kw- non public $38,054 52.0%> 10 kw non public $0 0%Public - Non - schools $20,104 27%Public - Schools k-12 $8,616 12%Sunlit (HMFA affordable housing) $1,436 2%New Wind & Biomass $5,000 7%Total $73,210 100%
2008 CORE Budget AllocationAlternate for 10/9
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REC Program Changes• Consolidate SREC-Only Pilot and REC
Facilitation into one program• Provide market analysis and information• Possibly have Market Manager administer/assist
w REC/SREC compliance and reporting• Significant volume increase
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REC ComparisonPY 2007 PY 2008
Budget $842k $1,346k
MWh - ~83,000
Number of Registrations
20-50 expected
256 ytd
300-400
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REC 08 Budget by ActivityREC Proposed 2008 Budget (all $000)
Administration and Program Development $727
Sales, Call Centers, Marketing and Website $30Training $0
Rebates, Grants, and Other Direct Incentives $0
Rebate Processing, Inspections and Other Quality Control $460
Performance Incentives tbdEvaluation and Related Research $129
Total $1,346
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CPC Program Changes• Complete rule-making process to formally adopt
the program• Conduct competitive solicitation for Clean Power
Marketers (CPMs) and their offerings of renewable power products;
• Continued growth of the Community Partnership program, which enlists local communities in promoting the CPC program to its residents and businesses.
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CPC Comparison
Budgets do not include ~$2m OCE marketingSavings/participant based on cumulative EDC data
9,000 new participants
6,000 (projected new
for 2007) –year end total
13,000
Number of Participants
~57,000~38,000MWh
$981k$935kBudget
PY 2008PY 2007
9,000 new participants
6,000 (projected new
for 2007) –year end total
13,000
Number of Participants
~57,000~38,000MWh
$981k$935kBudget
PY 2008PY 2007
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CPC 08 Budget by ActivityCPC Proposed 2008 Budget (all $000)
Administration and Program Development $500
Sales, Call Centers, Marketing and Website $481Training $0
Rebates, Grants, and Other Direct Incentives $0
Rebate Processing, Inspections and Other Quality Control $0
Performance Incentives $0Evaluation and Related Research $0
Total $981
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RMDI Program Changes• Market Manager role to include:
– Performance based solicitation ($4.6 m)– Market development activities in non-CORE segments
(e.g. grid supply & >700 kW)• Main element focused on MWh/1st yr production – delivered
capacity and milestones • Component to assist w pre-project
development
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RMDI-EDA Support Comparison
PY 2007 PY 2008
Budget $19.4 m
“EDA”
$5.1m(RMDI only)
MWh - ~50,000 MWh
New
Capacity
- 7 to 12 MW
(primarily non-solar)
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RMDI 08 Budget by Activity
Note: MM RMDI Activity Pending approval
RMDI Proposed 2008 Budget (all $000)
Administration and Program Development $384
Sales, Call Centers, Marketing and Website $129Training $0
Rebates, Grants, and Other Direct Incentives $4,600
Rebate Processing, Inspections and Other Quality Control $0
Performance Incentives $0Evaluation and Related Research $0
Total $5,113
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Questions and Discussion