Eversource Energy (d/b/a) · NYSE:ES
Eversource Energy (d/b/a) — Eversource Energy — Corporate Update (January 2023)
31 slides from Eversource Energy (d/b/a)'s corporate update, Jan 26, 2023
Slide 1: Non-Residential Renewable Energy Solutions Program Informational Webinar
Laura Perbeck, Aaron Dubauskas – Eversource John King, Danielle Certa – United Illuminating NON-RESIDENTIAL RENEWABLE ENERGY SOLUTIONS PROGRAM INFORMATIONAL WEBINAR JANUARY 26, 2023
Slide 2: This webinar is being recorded by the EDCs. If you do not consent to
This webinar is being recorded by the EDCs. If you do not consent to being recorded as a participant in the webinar, please exit the call. In the event of any inconsistency between the provisions of the NRES RFP or any part of this presentation, the provisions of the Tariff Agreement are controlling
Slide 3: Agenda
Agenda Program Background & Overview Eligibility RFP Process Processes, Forms & Fees Questions
Slide 4: Background & Overview
BACKGROUND & OVERVIEW
Slide 5: Questions
Questions Meeting Chat – We will try to answer general questions at end of presentation if time allows After presentation – Email questions to both companies: [email protected] [email protected] General Q&A’s will be added to our running Q&A document
Slide 6: Connecticut Public Act 22-14
Connecticut Public Act 22-14 An Act Concerning Clean Energy Tariff Programs modified the NRES program to expand the growth of the non-residential renewable energy market. Benefits Include: Supporting Furthering Lower Local CT’s Clean Customer Clean Energy Energy Energy Goals Bills Jobs
Slide 7: Year 2 NRES Key Program Updates
Year 2 NRES Key Program Updates Program capacity increased and size categories changed. Maximum system size increased to 5 MW. Two Solicitations in Years 2 through 6, one in February and one in August. Unselected bids will expire and will need to re-bid in the next solicitation. No separate tw
Slide 8: Year 2 NRES Key Program Updates Continued
Year 2 NRES Key Program Updates Continued • During any single solicitation, the EDCs will allow for one Bid per revenue meter in all categories • Per the Response to Motion No. 8 Ruling in Docket 22-08-03, the EDCs will be refiling the NRES Program Manual on or before January 31, 2023 which will mod
Slide 9: NRES Overview
NRES Overview • 2023 will be the second year of the NRES program • Six-year program that combines Net Metering and Renewable Energy Certificates (REC) payments into one program • 20-year Agreement term • Projects less than or equal to 200 kW (AC) will be awarded on a first-come, first-served basis a
Slide 10: 2023 Capacity Allocations
2023 Capacity Allocations Eversource Year 2 MW Allocations United Illuminating Year 2 MW Allocations February August Project February August Project Project Size Eversource Project UI Category Solicitation Solicitation Selection Category Solicitation Solicitation* Selection (AC) MW/Year Size (AC) MW
Slide 11: Two Tariff Options
Two Tariff Options Zero and Low Emission Project installations that qualify for this program may sell the energy and Renewable Energy Certificates (RECs) at a fixed 20-year price by selecting one of two tariff options: Buy-All Tariff Netting Tariff • Customer exports all electricity produced by thei
Slide 12: Buy-All
Buy-All BUY-ALL Send all production to grid; Purchase all for building load. Utility Revenue/ Production Meter Customer receives quarterly payments for all energy and RECs. Customer can elect for a percentage of the total compensation to be assigned to a third party. Any remaining compensation will
Slide 13: Netting
Netting NETTING All power production and consumption are metered & billed together Utility Revenue Meter (Bi-Directional) The value of the energy will be credited to the customer's monthly bill. The customer can choose to either receive quarterly direct payment for the RECs, or they can assign all o
Slide 14: Eligibility
ELIGIBILITY
Slide 15: Site and System Eligibility Requirements
Site and System Eligibility Requirements Eligibility Requirement Eversource or UI customer Site & Customer Eligibility Project is going In-Service on or after the RFP issuance date Small Zero Emission Category: ≤ 200 kW Medium Zero Emission Category: > 200 kW and < 1000 kW Large Zero Emiss
Slide 16: Tariff Eligibility Requirements
Tariff Eligibility Requirements Requirement How to Meet: Eversource or UI customer • Most recent Customer Bill for the Project Site Site Control • Proof of Site Control is between the Developer of the Project Site and the Owner of the Project Site • Documentation proving site control such as dee
Slide 17: Sizing Requirements Based on Load
Sizing Requirements Based on Load Projects in the NRES Program must be sized appropriately to the Project Site’s load to be accepted into the NRES Program Load Calculation Options How to Meet: Historical Load Bidder must provide the historical load for the project site. The total generation Bid fo
Slide 18: SAM Projects
SAM Projects SAM Customers are State, Agricultural, or Municipal Customers which may have multiple Beneficial Accounts associated with them. In NRES, SAM customers can provide load data for up to five Beneficial Accounts to support the Bid. Additionally, SAM customers may allocate monthly excess bil
Slide 19: RFP Process
RFP Process
Slide 20: 2023 Price Caps and REC Payment Rates
2023 Price Caps and REC Payment Rates Buy-All Rate Netting Rate Maximum of Dependent upon Medium Zero Emission $190.00 / MWh EDC, Size Category, Large Zero Emission and Maximum of Retail Rate, and Low Emission Price Cap $159.00 / MWh Technology Small Zero Emission (Refer to RFP/Bid $200.97 / MWh Cal
Slide 21: Application/Bidding Process for February RFP
Application/Bidding Process for February RFP Depending on the Size Category the Project aligns with, the selection process may vary: Medium and Large Zero Emission, Low Emission Categories • The solicitation will open on the date the RFP is issued Process • Once Bid forms are due, the solicitation w
Slide 22: Application/Bidding Process for February RFP – Small Zero Emission
Application/Bidding Process for February RFP – Small Zero Emission Small Zero Emission Category • The solicitation is first come, first served subject to capacity availability • There will be one round of project selection in Process February • The Bid Window will close on May 1, though Program Capa
Slide 23: February RFP Schedule
February RFP Schedule* Action Item Date Release of RFP and Opening of Bid Window for All Project Size February 1, 2023 Categories Bidders Conference – Webinar Only February 7, 2023 Deadline for Submission of Questions February 14, 2023 Bid Forms Due for Medium and Large Zero Emission and Low March 1
Slide 24: Tariff Payment Beneficiaries
Tariff Payment Beneficiaries Incentive payments may be provided to the Customer or to a Tariff Payment Beneficiary Buy-All Netting Initial Beneficiary Designation – Required at time of application Customers can designate a Tariff Customers can designate a Tariff Payment Beneficiary to receive a Paym
Slide 25: Bid Preferences
Bid Preferences Applicants may select the following bid preferences during the Bid process Site Location is a Landfill or Site or SAM Project with 100% of Brownfield Beneficial Accounts located in a 20% Bid Preference in Year 2 Distressed Municipality Available to projects located on landfills or 20
Slide 26: Checklist of Required Bid Documents
Checklist of Required Bid Documents Required Bid Documents Bid Certification Form (All 5 pages, including documentation proving site control)* Documentation demonstrating ownership of the Project Site by a SAM Customer Host (if applicable) 12 months of consecutive historical load (if applicabl
Slide 27: Netting Incentive Example
Netting Incentive Example On-bill Credits REC Payment Assume customer’s retail rate = $0.1487 / kWh Netted production paid Direct cash payment to to Customer on bill at Customer or Tariff retail rate Payment Beneficiary 60,000 kWh – 40,000 60,000 kWh * $0.019 = kWh = 20,000 kWh * $1,140.00 $0.1487 =
Slide 28: Buy-All Incentive Example
Buy-All Incentive Example On-bill Credits Cash Payment Customer wants 20% as Customer wants 80% as cash payment to Tariff on-bill credits Payment Beneficiary 60,000 kWh * $.145/kWh = $ 8,700 Buy-All Rate = $.145/kWh 80% * $8,700 = 20% * $ 8,700 = $6,960.00 $1,740.00 Production Credits Cash Payment R
Slide 29: Future Workshops and Online Resources
Future Workshops and Online Resources LIVE SESSIONS Date & Time Link Eversource and UI Bidders Conference Tues. 2/7/23 Registration Link 10 AM United Illuminating Eversource UI Non-Residential Renewable Energy Solutions Main Eversource Non-Residential Renewable Energy Page Solutions Program Main Pag
Slide 30: Questions
Questions
Slide 31: Contacts
Contacts Eversource NRES Team: UI NRES Team: [email protected] [email protected]