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North Carolina’s REPS and Clean Energy Economy
- 1. North Carolina’s REPS and Clean Energy Economy Presentation to the Joint Legislative Commission on Energy Policy January 7, 2014 Ivan Urlaub, Executive Director, North Carolina Sustainable Energy Association ivan@energync.org, w: 919-832-7601 1
- 2. NC’s Energy Market Evolution Utility Monopoly Allowing Incremental, Limited Market Competition 2012-13 National & 2007-12 Incubate & international grow cost economic 2003-7 expansion & effective Analyze, net ratepayer authorize & market Pre-2003 savings define No competition limited allowed competition 2 2014+ Continue limited market competition? Increase? Eliminate all competition?
- 3. Renewable Portfolio Standard Policies www.dsireusa.org. 29 states,+ Washington DC and 2 territories,have Renewable Portfolio Standards 3 (8 states and 2 territories have renewable portfolio goals).
- 5. NC’s 2013 Clean Energy Firms (Figures for responding firms only) Respondents 570 firms Employment 18,404 FTE Revenues $3.6 Billion Geography All Economic Regions Exports International Impacts Source: 2013 NC Clean Energy Industry Census 5
- 6. NC’s Clean Energy Manufacturers and Research & Development Companies Source: 2013 NC Clean Energy Industry Census 6
- 7. NC Serving Local Market Demand Clean Energy Infrastructure Sources: US Dept. of Energy; NC Utilities Commission; USGBC & Energy Star 7
- 8. NC Serving Global Market Demand Distribution of Market Participation International Markets, 8% National Markets 16% Regional Markets 27% Source: 2013 NC Clean Energy Industry Census 8 Local Markets 49%
- 9. Clean Energy = More Affordable Energy Mix Total Cost of the North Carolina REPS (2008-2014) $160 Source: NC Utilities Commission REPS Compliance Dockets $140 REPS Cost (Millions) $120 REPS Cost Cap $100 $80 $60 $43.8M 49% of Cost Cap $40 $20.9M $27.4M $39.6M 38% of Cost Cap $45.3M $35.8M $36.5M 27% of Cost Cap 27% of Cost Cap 2012 2013** 33% of Cost Cap 40% of Cost Cap 30% of Cost Cap $20 $2008 2009 2010 2011 **Projected cost using Utilities REPS Compliance Plans Chart depicts Duke Energy Carolinas, Duke Energy Progress, and coops and munis. 9 2014**
- 10. Clean Energy = More Affordable Energy Mix (February 2013 Study) The difference between the two “energy mix” scenarios found a net $173 million NPV savings associated with the Clean Energy Portfolio. 10
- 11. NC’s Energy Market Evolution REPS: Allowing Incremental, Limited Market Competition 2012-13 National & 2007-12 Incubate & international grow cost economic 2003-7 expansion & effective Analyze, net ratepayer authorize & market Pre-2003 savings define No competition limited allowed competition 11 2014+ Continue limited market competition? Increase? Eliminate all competition?