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    Michael Colgrove, NYSERDA Michael Colgrove, NYSERDA Presentation Transcript

    • Partners in Innovation: Preserving Affordable Rental Housing through Energy Conservation Regional Green House Gas Initiatives Michael Colgrove, Director of Energy Programs, NYSERDA – NYC Office Wednesday, April 14, 2010 3:30-5:00pm
    • What is NYSERDA? New York State Energy Research and Development Authority Mission • Public benefit Use innovation and corporation technology to solve some • Established by the of New York’s most New York State difficult energy and environmental problems in Legislature in 1975 ways that improve the State’s economy.
    • NYS Funding Sources Systems Benefit Charge (SBC) Public benefits fund to support energy efficiency adoption, research and development, and energy burden and environmental justice issues. SBC I (1998-2001) = $234.3M total SBC II (2001-2005) = $750M total SBC III (2006-2011) = $875M total Renewable Portfolio Standard (RPS) Provides funding to achieve the State’s goal of replacing 30% of its fossil-fueled electricity use with renewable sources. RPS = $962M Energy Efficiency Portfolio Standard (EEPS) Provides funding to achieve the State’s goal of reducing its electricity usage by 15% by 2015. EEPS (2009-2011) = $950.8M awarded thus far Emissions Allowance Trading Programs RGGI (collections to date plus projected revenue thru 3/2012) = $446M CAIR (for all allowance vintages thru 2011) = $24M
    • RGGI Proceeds
    • NYSERDA Programs Multifamily Performance Program • Funding for both affordable and market- rate buildings • Challenges owners to reduce overall energy use by 15% SBC Funding - $88 million EEPS Funding - $23 million RGGI Funding - $18 million
    • NYSERDA Programs Home Performance & ENERGY STAR Homes • Both existing and new construction; affordable and market-rate • Based on national EPA programs SBC Funding - $104 million EEPS Funding - $45 million RGGI Funding - $6 million
    • NYSERDA Programs EmPower NY • Low-income program for residents and tenants • Free appliance and lighting installations • Referrals from utility arrears programs SBC Funding - $46 million EEPS Funding - $30.5 million RGGI Funding - $7 million
    • Opportunities The addition of RGGI funds creates a number of opportunities: • Enables oil savings and fuel-neutral programs • Provides funding for non-SBC customers • Allows us to continue programs with little or no remaining SBC funds • Leverages and extends current funding sources • Encourages deeper savings per project
    • Challenges The addition of RGGI funds also creates a number of challenges: • Tracking multiple funding sources in one project • Attributing savings – both CO2 and energy • Integrating “cost-effectiveness” metrics for carbon savings with those for energy savings • Budgeting with uncertain auction proceeds • Managing pipelines with funding received quarterly • Legislative appropriations
    • Contact Information Michael Colgrove Director of Energy Programs NYSERDA – NYC Office MTC@nyserda.org 485 7th Avenue, Suite 1006 New York, NY 10018