Eversource Energy (d/b/a) · NYSE:ES
Eversource Energy (d/b/a) — Eversource Energy — Corporate Update (June 2020)
91 slides from Eversource Energy (d/b/a)'s corporate update, Jun 8, 2020
Slide 1: LREC/ZREC Year 9 RFP Informational Webinar
LREC/ZREC Year 9 RFP Informational Webinar June 8, 2020 1
Slide 2: Program Overview
Program Overview Christie Prescott, UI Laura Perbeck, Eversource Katerina Miller, UI Questions? Email 2 [email protected]
Slide 3: Presentation Questions
Presentation Questions • Submit questions via GoToWebinar: o Use Question function • Q&A at end if time permits o Use Raise Hand function o We will call on you and un-mute you Questions? Email 3 [email protected]
Slide 4: Standard Contract is the Controlling Document
Standard Contract is the Controlling Document In the event of any inconsistency between the provisions of the LREC/ZREC RFP or any part of this presentation, the provisions of the Standard Contract are controlling. Bidders should review the Standard Contract and all associated documents thoroughly a
Slide 5: Eversource Program Results
Eversource Program Results Eversource Energy Category Size Total # Avg Avg Avg Avg Avg Avg Avg Avg Active $/REC $/REC $/REC $/REC $/REC $/REC $/REC $/REC Projects Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 (To Date) LRECs Up to 2 MW 96 $65.94 $57.03 $56.29 $53.85 $45.16 $41.17 $65.85 $4
Slide 6: UI Program Results
UI Program Results The United Illuminating Company Total # Active Avg $/REC Avg Avg Avg $/REC Avg $/REC Avg $/REC Avg $/REC Avg $/REC Category Size Project Year 6 $/REC $/REC Year 1 Year 2 Year 3 Year 4 Year 5 s (To April Year 7 Year 8 Date) Up to 2 $49.43 $56.12 $37.24 $38.34 $42.80 $33.48 $27.09 L
Slide 7: Key Notes for Year 9 RFP
Key Notes for Year 9 RFP • Terminated Projects Allowed to Re-Apply • Anaerobic Digestion Qualifies as LREC o PE Certification Required • Bids Cannot be Submitted in LREC/ZREC and SCEF • Participation in Forward Capacity Market • LREC/ZREC price cap remains at $126 Questions? Email 7 LREC.ZREC@Everso
Slide 8: Terminated Project Re-Application
Terminated Project Re- Application • PURA’s 2/24/20 ruling on Motion No. 3 in Dkt. 19-06- 36 • Existing project must be in-service before submitting additional Bids at that same revenue meter • If contract terminates: o Same developer may re-bid 12 months after initial contract termination date o Di
Slide 9: Anaerobic Digestion
Anaerobic Digestion • Anaerobic Digestion now qualifies in the LREC category • PA 19-35: “…are less than two megawatts in size, located on the customer side of the revenue meter, serve the distribution system of the electric distribution company, and use Class I technologies that either (I) use anae
Slide 10: Bid Submission: LREC/ZREC or SCEF
Bid Submission: LREC/ZREC or SCEF • Bids cannot be submitted for consideration in both LREC/ZREC and SCEF • Section 4.12 of the LREC/ZREC Solicitation Plan: o “Bidders may not submit Bids for the same project, or for multiple projects on the same parcel(s) of land, for consideration in both this RFP
Slide 11: Participation in Forward Capacity Market
Participation in Forward Capacity Market • The Companies’ bid portals now include a question regarding planned participation in the Forward Capacity Market (“FCM”) • Bidders must indicate whether they intend for submitted project to participate in ISO New England, Inc.’s Forward Capacity Market (“FC
Slide 12: Price Caps
Price Caps • Year 9 LREC Price Cap = $126/REC • Year 9 ZREC Price Cap = $126/REC • Any bid price over those amounts in their respective categories will result in the disqualification of the bid Questions? Email 12 [email protected]
Slide 13: Procurement Process
Procurement Process 1) Competitive Solicitation - (RFP) – Year 9 Project Type Size Total Base Annual REC Price Cap Budget for Both Companies Combined Large ZRECs ≥250 kW to 1,000 kW Approximately $1.33M Max = $126/REC Medium ZRECs >100 kW < 250 kW Approximately $1.33M Max = $126/REC LRECs Up to 2,00
Slide 14: Procurement Processes Continued – Year 9 Budgets
Procurement Processes Continued – Year 9 Budgets Eversource Year 9 Budgets Medium Small LREC Large ZREC ZREC ZREC* Overall Year 9 Statutory Budget Per Category $3,200,000 $1,066,667 $1,066,667 $1,066,667 The Year 9 budgets will be at least what is noted above, and may differ due to terminated projec
Slide 15: LREC & ZREC Eligibility
LREC & ZREC Eligibility • Must be located behind a contracting utility revenue meter and have a dedicated REC meter • Must not have received grants/rebates from CT Green Bank or its predecessors CEFIA or the CCEF (other than low cost financing) • Projects must be in service on, or after, July 1, 201
Slide 16: LREC & ZREC Eligibility
LREC & ZREC Eligibility • LRECs o No larger than 2,000 kW o Must have low emission or must be anaerobic digestion • <0.07 lbs/MWh Nox; <0.10 lbs/MWh CO; 0.02 lbs/MWh VOCs, 1 grain per 100 standard cubic feet o May include fuel cells, anaerobic digestion, and other low emission Class I resources, as
Slide 17: Request for Proposals (RFP)
Request for Proposals (RFP) • RFP covers LREC Projects and ZREC Projects >100 kW o Small ZREC Projects are not covered by this RFP o Year 7 Small ZREC Program is still open for both companies • Open to customers and developers • Projects will be selected, and utilities will enter into 15 year contra
Slide 18: Year 9 RFP Schedule
Year 9 RFP Schedule Action Item Date Release of RFP April 30, 2020 Bidders Conference – Webinar Only June 8, 2020 Deadline for Submission of Questions June 12, 2020 July 13, 2020 by 1:00 p.m. (Eastern Prevailing Bid Forms Due Time “EPT”), at which time the Pricing shall become firm, irrevocable and
Slide 19: Quantity & Value of RECs
Quantity & Value of RECs The contract price of RECs from Zero Emission units is capped at $126/REC • Example 1: 200 kW Solar System ~ 311 RECs/year o Annual Payment ~ $24,880 • $80/REC x 311 RECs/year ~$24,880 o Total Payment over 15 years ~ $373,200 The contract price of RECs from Low Emission unit
Slide 20: Instructions for Bid Submission and Contract Execution/Management
Instructions for Bid Submission and Contract Execution/Management Laura Perbeck, Eversource Aaron Dubauskas, Eversource Questions? Email 20 [email protected]
Slide 21: Step 1: How to Bid in the Year 9 RFP
Step 1 How to Bid in the Year 9 RFP Questions? Email 21 [email protected]
Slide 22: Bid Process
Bid Process • Complete & Submit Bid Form Online o For Eversource: www.eversource.com → Residential → Save Money & Energy → Renewable Energy Credits → LRECs, Large & Medium ZRECs → Submit LREC/ZREC Bid o For UI: www.uinet.com → Suppliers and Partners (lower portion of the webpage)→ Power Procurement
Slide 23: Eversource Bid Form
Eversource Bid Form • Form is filled out online • Contains information needed for: o Submission verification o Completion of Standard Contract • Additional form(s) (i.e. Certifications, Affidavits, and/or Disclosures as applicable) will be required to be submitted as part of the bid process • Double
Slide 24: UI Bid Form
UI Bid Form • Online Bid Form that you will fill out and submit electronically • Attach Bid Certification to Page 5 as a PDF (REQUIRED). UI Bidders - Use Bid Certification form for year 9 RFP • Additional form(s) (i.e. Affidavits, and/or Disclosures as applicable) will be emailed to lrec.zrec@uinet.
Slide 25: Bid Attachments: Bid Certification Form
Bid Attachments: Bid Certification Form • 4 Page Bid Certification Form o Page 1: Instructions o Page 2: Bidder signature – Bidder is defined as the individual or business submitting a proposal (“Bid”) o Page 3: Contract Counterparty signature – Contract Counterparty is defined as the legal entity d
Slide 26: Bid Attachments: Affidavits for CT M/R/D Generation Technologies
Bid Attachments: Affidavits for CT M/R/D Generation Technologies • Two affidavits required (if seeking M/R/D designation): o Bidder affidavit that project uses CT Manufactured, Researched or Developed Generation Technologies • Must constitute no less than 50% of the total value of Generation Technol
Slide 27: Bid Attachments: PE Certification
Bid Attachments: PE Certification • LREC/ZREC CT Licensed Professional Engineer (PE) Certification o PE Certification is not necessary, it is only required if: • Submitting a Bid for Anaerobic Digestion • Seeking alternate capacity factor • Not using one of the technologies with a capacity factor de
Slide 28: Bid Attachments: Copy of Eversource Customer Bill
Bid Attachments: Copy of Eversource Customer Bill • Pages 1 and 2 are required as an attachment to all Eversource bids that are not New Construction o Attached in Step 6 of the online Bid process 28
Slide 29: Bid Attachments: Copy of UI Customer Bill
Bid Attachments: Copy of UI Customer Bill • Pages 1 and 2 are required as an attachment to all bids that are not New Construction o Attached in Step 6 of the online Bid process 29
Slide 30: Bid Attachments: Eversource Interconnection Application Receipt
Bid Attachments: Copy of Eversource Interconnection Application Receipt • All new construction projects require an Interconnection Application Receipt from the Distributed Resources group o Attached during step 6 of the bid process 30
Slide 31: Bid Attachments: UI Interconnection Application Receipt
Bid Attachments: Copy of UI Interconnection Application Receipt • All new construction projects require an Interconnection Application Receipt from the Distributed Resources group This receipt is in form of an email similar to Eversource. o Attached during final step of the bid process 31
Slide 32: Selection Process
Selection Process • ONLY Completed Bids received will be reviewed to ensure eligibility • Eligible bids will be ranked by evaluated bid price in each of the three categories • Contracts will be awarded until funding is exhausted as much as possible in each category o If unable to fully fund the next
Slide 33: Step 2: How to proceed if your Bid is selected
Step 2 How to proceed if your Bid is selected Questions? Email 33 [email protected]
Slide 34: If Selected
If Selected • Partially Executed Standard Contract & Provide Performance Assurance • Company will email you an executable version of the Standard Contract • Partially executed contract must be received by Company by the Effective Date of Standard Contract, or project is disqualified • Performance As
Slide 35: Sample Performance Assurance Calculation
Sample Performance Assurance Calculation • MAQ x Contract Price x [10% for Med/20% for Lg/LREC] • Example 1: 175 kW solar PV (Med ZREC) project • 273 RECs x $80.00/REC x 10% = $2,184.00 • Example 2: 600 kW solar PV (Lg ZREC) project • 933 RECs x $65.00/REC x 20% = $12,129.00 • Example 3: 1 MW fuel c
Slide 36: Performance Assurance
Performance Assurance • Both companies have detailed instructions for how to successfully provide Performance Assurance posted on their websites • Acceptable forms of Performance Assurance o Cash in the form of an ACH or Wire • Please note that ACH payments take longer to process than Wire Transfers
Slide 37: Step 3: Post-Execution Obligations
Step 3 Post-Execution Obligations: How to get from a contract to commercial operation Questions? Email 37 [email protected]
Slide 38: Prerequisites for REC Purchase
Prerequisites for REC Purchase (Also refer to Section 4 of the Standard Contract) • Complete and Sign the Certification Statement for REC Delivery Acceptance (includes items listed below) o In service no later than 1 year after selected Delivery Term Start Date o Interconnection agreement required (
Slide 39: 6-Month Extension to Automatic Termination Provision Request
6-Month Extension to Automatic Termination Provision Request • Section 13.3.3(b) of Terms and Conditions o If you do not expect to achieve commercial operation within 12 months of the selected DTSD, you have the option to request a 6-month extension to the automatic termination provision • Beginning
Slide 40: 6-Month Extension Guidance
6-Month Extension Guidance Delivery Term Automatic 1st 6-month Extension Request and 2nd 6-month Extension Request and Start Date Termination Additional Performance Assurance Additional Performance Assurance Due By (Section 2.2) Date Due By 5pm on*: 5pm on*: 07/01/2019 07/01/2020 Tuesday, June 30, 2
Slide 41: CT Class I Qualification Approval from PURA
CT Class I Qualification Approval from PURA • Section 5.1.5 of the T&C’s = it is the Seller’s sole obligation to obtain CT PURA Class I Qualification o CT PURA rules require you submit a separate application to PURA for CT Class I Qualification after your project receives a final approval to energiz
Slide 42: NEPOOL Generation Information System (GIS)
NEPOOL Generation Information System (GIS) • Must set up GIS account or outsource GIS set up and maintenance • Designate respective Buyer as the Third Party Meter Reader o Eversource: “CL&P LREC ZREC” o UI: “UILRECZREC” • Initiate Forward Certificate Transfer (FCT) of RECs for the Life of the Agreem
Slide 43: Prerequisites for REC Purchase
Prerequisites for REC Purchase • Warning – If seller does not complete these steps: o Loss of revenue o Agreement may be terminated Questions? Email 43 [email protected]
Slide 44: Step 4: Contract Administration: The 15 year Delivery Term
Step 4 Contract Administration: The 15 year Delivery Term Questions? Email 44 [email protected]
Slide 45: Contract Administration
Contract Administration • 15 year Agreement o Same rate, annual payments vary based on number of RECs delivered • Companies will upload REC Meter Data • NEPOOL GIS REC transfers constitute delivery o Forward Certificate Transfer • Quarterly payments from Company to Seller on or before the last day o
Slide 46: NEPOOL GIS
NEPOOL GIS RECs Created Seller Utility Meter Reading Seller’s Account $ RECs via FCT Utility Utility’s LREC/ZREC Settlement & Account Verification Questions? Email 46 [email protected]
Slide 47: NEPOOL GIS Transfer Schedule
NEPOOL GIS Transfer Schedule • Transfer of RECs in GIS o From Seller’s account to the Utility’s LREC/ZREC account • Schedule of REC production, transfer and payment Energy Generation REC Meter Read RECs Created Payment Date Quarter Upload Deadline Date (assuming RECs have (Meter Data Uploaded been t
Slide 48: Other Contract Provisions
Other Contract Provisions • Assignment of the Agreement in accordance with Agreement Provisions is permitted o Please refer to Article 11 • Requires Notice to Buyer • Buyer has 30 days to review and approve/reject • Excess REC options o Sell to 3rd party o “Bank” RECs to meet next year’s MAQ Questio
Slide 49: Eversource REC Meter Reads
Eversource REC Meter Reads • For Eversource customers, you may now register to view your REC meter reads online o If you would like to request to view REC meter reads for a given project, please return the completed Request to View REC Meter Reads form to [email protected]. o To view REC mete
Slide 50: Eversource REC Meter Reads
Eversource REC Meter Reads Click this arrow to view monthly reads 50 Questions? Email [email protected]
Slide 51: Contact Email and Websites
Contact Email and Websites • Please submit questions or requests to be added to our distribution lists: o Eversource = [email protected] o UI = [email protected] • Please visit LREC/ZREC Websites at: o Eversource = www.eversource.com → Residential → Save Money & Energy → Renewable Energy Cr
Slide 52: Click here to access the LREC, Large, and Medium ZREC page
Click here to access the LREC, Large, and Medium ZREC page – at bottom of page you will see this: Look here for important documents including our Q&A Click here to submit an LREC/ZREC52 bid
Slide 53: Click here for UI LREC/ZREC program information
Click here for UI LREC/ZREC program information Click here for UI RFP information and to submit a bid 53
Slide 54: Distributed Energy Resources Interconnection Process
Distributed Energy Resources Interconnection Process 54
Slide 55: Overview
Overview • Eversource & UI follow the same process & technical guidelines with slight differences in implementation • Standard Guidelines & Agreements are approved by the Public Utility Regulatory Authority (PURA) o Purpose of Guidelines and Standards • To safely and reliably interconnect distribute
Slide 56: Interconnection Documents
Interconnection Documents Questions? Email 56 [email protected]
Slide 57: Applications
EVERSSURCE Applications EVERS=URCE © PowerClerk Welcome, James Cerkanowicz | Log Out HOME — PROGRAM DESIGN ~ MIN ~ SETTINGS ~ SUPPORT CENTER a Interconnection Application Saved ¥ Customer Information Applicant Contractor/Installer > Information Type of Installation * @ @ New DG system with existing
Slide 58: Applications
An AVANGRID Company Applications Ul INTERCONNECTION APPLICATION Interconnection Customer (EDC Customer of ATEACHMEME ATTACHMENT I INTERCONNECTION REQUEST Customer of Record: Contact Person Faclity Address: ED Gay: State: Zig: ‘Telephone (Day): Evening): Fas E-Mail Address: Account Number: Meter Numb
Slide 59: Three Application Tracks
Three Application Tracks • Level 1/Simplified/Basic Process: Residential, single-phase, certified inverter based projects, < 20 kW • Level 2/Advanced/Fast Track Process: o Commercial projects and residential inverter based generation > 20 kW o All projects <= 2 MW that are not eligible for the simpl
Slide 60: Key Attributes
Key Attributes Process AC Initial Application Witness General Inter- Rating Technical Fee Test Liability Connection Screen Fee Insurance Agreement (Business Requirement Required? Days) Level 1 0-20 kw 15 $200 0 None No 1st Test Level 2 0-2 MW 15 $500 Cost $300,000 to Yes Based $2,000,000 Level 3 >2
Slide 61: Level 1 Process
Level 1 Process Submit Application Additional Items •Customer Signed Application, One line •Test Plan for battery operated inverters diagram, Site Plan, Inverter Data sheet (UI •Inspector Approval only), $200 Application Fee •Witness test (if required) •Install Net Meter (if applicable) APPLICATION
Slide 62: Level 2 - Fast Track Process
Level 2 - Fast Track Process Submit Application – Customer Signed Additional Deliverables – Executed Application, One Line diagram, Site Interconnection Agreement, Test Plan, Plan, Proof of Insurance, Inverter Data Inspector’s Approval, Witness Test, Net sheet (UI only), $500 Application Fee Meter I
Slide 63: Level 2 Study and Level 3 Process
Level 2 Study and Level 3 Process Submit Application – Customer Additional Deliverables – Executed Signed Application, One Line diagram, Interconnection Agreement, Test Plan, Site Plan, Proof of Insurance, Inspector’s Approval, Witness Test, Net Generator Data Sheet, $1,000 Meter Installation Applic
Slide 64: Keys to a Successful Interconnection
Keys to a Successful Interconnection Typical for Behind the Meter Connections • Current & accurate customer account information • Submission of application fee • Return of customer signed application form • Line diagram that: o accurately depicts existing or proposed meter & service configuration o
Slide 65: Keys to a Successful Interconnection
Keys to a Successful Interconnection Typical for Large Scale Systems on New Service • All other items on previous slide, plus: • Utilize hosting capacity maps prior to submission • New service design that meets utility’s standards • Accurate depiction of proposed path for new service • Timely signat
Slide 66: Interconnection Documents needed for REC Program
Interconnection Documents needed for REC Program For Acceptance of REC Delivery Applications Behind New Service • Receipt of Application Email (required for new services only) For REC Delivery Acceptance of an Executed REC Contract • Fully executed Interconnection Agreement (signed by all parties) •
Slide 67: Additional resources and guidance for a successful interconnection
Additional resources and guidance for a successful interconnection Eversource DER website: www.eversource.com/content/ct-c/about/about-us/doing- business-with-us/builders- contractors/interconnections/connecticut-application-to- connect UI Distributed Generation website: www.uninet.com, under “Smart
Slide 68: Thank You!
Thank You ! James Cerkanowicz- Eversource DER Interconnections Team [email protected] UI: [email protected] Questions? Email 68 [email protected]
Slide 69: Eversource REC Metering Information
Eversource REC Metering Information • REC metering info: MPREC Document is located on the Resources and Administration portion of Eversource LREC/ZREC Webpage • Questions: [email protected] Questions? Email 69 [email protected]
Slide 70: Eversource Approved REC Meter Types
Eversource Approved REC Meter Types COMMUNICATIONS FORM METER TYPE CLASS TYPE GROUP A 2S, 4S*, 9S*, 3 ERT (REGISTER 12S, 16S READS) 20/200/320 HIGH POWERED ERT 2S, 4S*, 9S*, INTERVAL 12S, 16S RECORDING 20/200/320 CELLULAR INTERVAL 9S*, 16S RECORDING 20/200/320 Ethernet GROUP B PROVIDED DURING 9S** I
Slide 71: Eversource Validation Requirements
Eversource Validation Requirements ▪ AFTER THE REC METER IS INSTALLED AND THE SYSTEM IS ON-LINE AND GENERATING, THE PROJECT REP MUST SEND AN EMAIL TO [email protected] ▪ The email subject header must include the following information related to the project: – Name – Address – Contract
Slide 72: UI Metering Requirements
UI Metering Requirements • All installations must follow the “UI Guidebook of Requirements for Electric Service”. • All installations must follow the “Guidelines for Interconnection”. • Installations shall meet published requirements for accessibility and location. • A new process for requesting a R
Slide 73: UI Cost Responsibilities
UI Cost Responsibilities • UI will own, install, read and maintain all meters and metering transformers within its service territory. • Program participants, at their cost, will provide approved meter provisions and, if needed, instrument transformer cabinets. • LREC/ZREC metering requirements docum
Slide 74: UI Metering Information
UI Metering Information • Multiple provisions/cabinets may be required • Requirements for multiple provisions/cabinets will be made by UI staff during early design meetings with installers. • If the customer participates in Net Energy Rider, additional metering may be required Questions? Email 74 LR
Slide 75: UI Metering Information
UI Metering Information • LREC/ZREC meters will be located after any inverters and before any load • Power storage equipment (battery bank and charger) must be located between the generator and the inverter • Installations with power storage equipment will be net energy measured Questions? Email 75
Slide 76: UI Meter Data
UI Meter Data • Revenue meter data will be provided monthly to customers, including Net Energy, pursuant to customer’s tariff • UI will provide monthly LREC/ZREC meter data to NEPOOL GIS for determination of RECs generated Questions? Email 76 [email protected]
Slide 77: Key Documents
Key Documents • Eversource Key Documents: o LREC/ZREC Webpage – LRECs, Medium and Large ZRECs o Eversource Bid Certification Form o Eversource Summary of Required Bidding Information o Eversource Performance Assurance Instructions o Eversource Resources and Administration webpage • Includes links to
Slide 78: Q&A
Q&A • Please use “Raise Hand” function in GoToWebinar 78
Slide 79: Thank You
Thank You • Submit questions via email following the webinar: o [email protected] o [email protected] • Key Documents: o Amended Solicitation Plan – Revised April 29, 2020 o Year 9 RFP – Revised May 14, 2020 o Year 9 RFP Standard Contract o Acceptable Forms and Methods of Providing Performa
Slide 80: ATTENTION:
ATTENTION: • The following slides regarding Rates and Riders for Customers with Distributed Generation are included below for your information only, and will not be discussed during today’s presentation as the appropriate parties were not available to speak to them • All questions regarding Net Mete
Slide 81: Rates and Riders for Customers with Distributed Generation
Rates and Riders for Customers with Distributed Generation (Net Metering/Virtual Net Metering) Questions? Email 81 [email protected]
Slide 82: Electric Service Rates and Riders
Electric Service Rates and Riders • Electric distribution company customers hosting a distributed generation (DG) project receive electric service under an applicable general service rate and may be eligible for a number of rate options: o Net Energy Billing o Distributed Generation Rider o Virtual
Slide 83: Net Energy Billing ("Net Metering")
Net Energy Billing (“Net Metering”) • Two Net Energy Billing Riders o Qualifying Facilities and Non-Class I Renewable Resources o Class I Renewable Energy and Hydropower Resources o Customers with Class I renewable energy or hydropower resources • Up to 2,000 kW nameplate capacity • Billing based up
Slide 84: Net Energy Billing (continued)
Net Energy Billing (continued) o Customers with Class I renewable energy or hydropower resources (continued) Additional Details: o Annual Banking and Credits • Two annual banking periods: April to March and October to September (added in Docket No. 15-09-03) • At the end of each annual period (custo
Slide 85: Net Energy Billing (continued)
Net Energy Billing (continued) o Qualifying Facilities and Non-Class I Renewable Resources • Nameplate capacity of up to o 50 kW Qualifying Facilities o 500 kW Non-class I Renewable Resources • Billing based upon customer’s electric service tariff • Net energy billing performed and credit applied fo
Slide 86: Distributed Generation Riders
Distributed Generation Riders Electric DG Rider • Applicable to customers who receive electric service under a firm service rate that includes a distribution demand ratchet • Subject to enrollment and qualification requirements • Provides for waiver of the distribution demand ratchet • Applicable ra
Slide 87: Virtual Net Metering (VNM)
Virtual Net Metering (VNM) • VNM rider is available to Agricultural, Municipal and State of Connecticut customers • A number of changes to the program have occurred since inception o Final Decision under Docket No. 13-08-14 issued July 21, 2014 • Program specifications o Final Decision under Docket
Slide 88: Virtual Net Metering Program Features and Implementation
Virtual Net Metering Program Features and Implementation • Annual VNM Credits o The maximum, aggregated annual compensation to all customers under the VNM program is $2 million for UI and $8 million for Eversource o Additional allocation of $6 million ($1.2 UI, $4.8 Eversource) available for Municip
Slide 89: Virtual Net Metering Program Features and Implementation (Continued)
Virtual Net Metering Program Features and Implementation (Continued) • VNM Facilities up to 3 MW Class I (all) or Class III (Municipal & State) o Municipal or State Customer Hosts fully own, lease or be under L-T contractual arrangement for receipt of power from VNM facility o Agricultural Customer
Slide 90: Power Purchase Rates
Power Purchase Rates • Available to any self-generation facility not under long-term electric purchase agreement • Purchase of electricity delivered to EDC • Energy (kWh) only • Pricing based on ISO-NE CT Zone Real-Time LMP • Applicable rate schedules: o Eversource: Rate 980 o UI: Power purchased at
Slide 91: Questions?
Questions? For Rates, Net Metering, Virtual Net Metering Questions, please contact: • Eversource: [email protected] • UI: [email protected] Questions? Email 91 [email protected]