North Carolina’s REPS and Clean Energy Economy

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The NCSEA presentation for the NC Joint Legislative Commission on Energy Policy. Given by NCSEA ED Ivan Urlaub.

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North Carolina’s REPS and Clean Energy Economy

  1. 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. 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. 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).
  4. 4. NCSEA Myriad Pro 4
  5. 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. 6. NC’s Clean Energy Manufacturers and Research & Development Companies Source: 2013 NC Clean Energy Industry Census 6
  7. 7. NC Serving Local Market Demand Clean Energy Infrastructure Sources: US Dept. of Energy; NC Utilities Commission; USGBC & Energy Star 7
  8. 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. 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. 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. 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?

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