north carolina’s reps and clean energy economy
DESCRIPTION
The NCSEA presentation for the NC Joint Legislative Commission on Energy Policy. Given by NCSEA ED Ivan Urlaub.TRANSCRIPT
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Presentation to the Joint Legislative Commission on Energy Policy
January 7, 2014
Ivan Urlaub, Executive Director, North Carolina Sustainable Energy [email protected], w: 919-832-7601
North Carolina’s REPS and Clean Energy Economy
2
NC’s Energy Market EvolutionUtility Monopoly Allowing Incremental, Limited Market Competition
Pre-2003
No competition allowed
2003-7 Analyze, authorize & define limited competition
2007-12 Incubate & grow cost effective market
2012-13 National & international economic expansion & net ratepayer savings
2014+ Continue limited market competition? Increase? Eliminate all competition?
3
Renewable Portfolio Standard Policieswww.dsireusa.org.
29 states,+ Washington DC and 2
territories,have Renewable Portfolio
Standards(8 states and 2 territories have
renewable portfolio goals).
NCSEA Myriad Pro
4
NC’s 2013 Clean Energy Firms(Figures for responding firms only)
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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
NC’s Clean Energy Manufacturers and
Research & Development Companies
6Source: 2013 NC Clean Energy Industry Census
NC Serving Local Market DemandClean Energy Infrastructure
7
Sources: US Dept. of Energy; NC Utilities Commission; USGBC & Energy Star
NC Serving Global Market Demand
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Local Markets 49%
Regional Markets 27%
National Markets 16%
International Markets, 8%
Distribution of Market Participation
Source: 2013 NC Clean Energy Industry Census
Clean Energy = More Affordable Energy Mix
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$20.9M30% of Cost Cap
$27.4M40% of Cost Cap
$43.8M49% of Cost Cap $39.6M
38% of Cost Cap$35.8M
27% of Cost Cap
$36.5M27% of Cost Cap
$45.3M33% of Cost Cap
$-
$20
$40
$60
$80
$100
$120
$140
$160
2008 2009 2010 2011 2012 2013** 2014**
REP
S C
ost
(M
illio
ns)
Total Cost of the North Carolina REPS (2008-2014)Source: NC Utilities Commission REPS Compliance Dockets
REPS Cost Cap
**Projected cost using Utilities REPS Compliance Plans Chart depicts Duke Energy
Carolinas, Duke Energy Progress, and coops and munis.
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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.
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NC’s Energy Market EvolutionREPS: Allowing Incremental, Limited Market Competition
Pre-2003
No competition allowed
2003-7 Analyze, authorize & define limited competition
2007-12 Incubate & grow cost effective market
2012-13 National & international economic expansion & net ratepayer savings
2014+ Continue limited market competition? Increase? Eliminate all competition?