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WHAT’S SOLAR WORTH?
Bringing Minnesota’s value(s) to solar
Presentation to MinnesotaValue of Solar Stakeholder Workshop - ...
• 2007 Next Generation Energy Act: goal of reducing
greenhouse gas emissions by 80% by 2050 and that state
should pursue “...
• 2013 Energy Omnibus law includes “a Minnesota energy
future study on how Minnesota can achieve a sustainable
energy syst...
GOODVALUE?
How is the Department’s proposed methodology?
ENERGY
It’s real in Ohio and Germany
LOSSES
• But, high load means
higher losses. Can we
account for that?
ECONOMIC DEVELOPMENT?
• No coal
• No uranium
• No gas
ECONOMIC DEVELOPMENT!
Worth ratepayer investment
ECONOMIC DEVELOPMENT
ENVIRONMENTAL
Source: EDFSolar solves fossil fuel cross subsidies!
ENVIRONMENTAL
• Cross-State Air
Pollution Rule (CSAPR)
• Carbon Pollution
Standards for the
Power Sector
Solar solves foss...
ENVIRONMENTAL
Social Cost of Carbon
$0
$30
$60
$90
$120
$150
Solar solves fossil fuel cross subsidies!
RELIABILITY / RESILIENCE
Solar can save money
RELIABILITY / RESILIENCE
Solar can save money (for utility, too)
TIMEFRAME
The warranty lasts this long, value is even longer
DISCOUNT RATE
A good proxy for the value of social benefits over time
HEDGING
What is certainty worth?
TRANSPARENCY
• Utility inputs, too!
Transparency solves a national debate
LEARN MORE
ilsr.org
johnffarrell
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What's Solar Power Worth?

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A presentation on the value of solar calculation being investigated by the Minnesota Department of Commerce as a part of the state's new solar energy law.

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Transcript of "What's Solar Power Worth?"

  1. 1. WHAT’S SOLAR WORTH? Bringing Minnesota’s value(s) to solar Presentation to MinnesotaValue of Solar Stakeholder Workshop - Oct. 1, 2013 John Farrell, Director of Democratic Energy
  2. 2. • 2007 Next Generation Energy Act: goal of reducing greenhouse gas emissions by 80% by 2050 and that state should pursue “the development and use of renewable energy resources wherever possible.” BACKGROUND
  3. 3. • 2013 Energy Omnibus law includes “a Minnesota energy future study on how Minnesota can achieve a sustainable energy system that does not rely on the burning of fossil fuels.” BACKGROUND
  4. 4. GOODVALUE? How is the Department’s proposed methodology?
  5. 5. ENERGY It’s real in Ohio and Germany
  6. 6. LOSSES • But, high load means higher losses. Can we account for that?
  7. 7. ECONOMIC DEVELOPMENT? • No coal • No uranium • No gas
  8. 8. ECONOMIC DEVELOPMENT! Worth ratepayer investment
  9. 9. ECONOMIC DEVELOPMENT
  10. 10. ENVIRONMENTAL Source: EDFSolar solves fossil fuel cross subsidies!
  11. 11. ENVIRONMENTAL • Cross-State Air Pollution Rule (CSAPR) • Carbon Pollution Standards for the Power Sector Solar solves fossil fuel cross subsidies!
  12. 12. ENVIRONMENTAL Social Cost of Carbon $0 $30 $60 $90 $120 $150 Solar solves fossil fuel cross subsidies!
  13. 13. RELIABILITY / RESILIENCE Solar can save money
  14. 14. RELIABILITY / RESILIENCE Solar can save money (for utility, too)
  15. 15. TIMEFRAME The warranty lasts this long, value is even longer
  16. 16. DISCOUNT RATE A good proxy for the value of social benefits over time
  17. 17. HEDGING What is certainty worth?
  18. 18. TRANSPARENCY • Utility inputs, too! Transparency solves a national debate
  19. 19. LEARN MORE ilsr.org johnffarrell
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