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iC III U ENERGY SECTOR MOST SUSCEPTIBLE T O F U T U R E - PDF document

Mar 01, 2023 •217 likes •449 views

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  2. ENERGY SECTOR MOST SUSCEPTIBLE T O F U T U R E DISRUPTION VIABILITY VOLATILITY 1.00 Meclian: 0.57 Software & Platforms 0.90 Infrastructure & Transportation 0 Natural Resources Services Although the E&HT 4-’ 0.80 utility industry 0. Retail Postal . is slightly I. Media and Entertainment \ Q Services C,, 0.70 N below the - / Communications median for II . 0.60 0 current level of Life Sciences Q —Travel Med:an: 0.51 G) disruption, it is 0.50 above the Banking -J Automotive median for 4-’ 0.40 Utilities — / future level of a) Health I Capital Markets disruption. CG&S 0.30 a Insurance Industrial Equipment and Chemicals C.) Machinery 0.20 0.30 0.40 0.50 0.60 0.70 0.80 0.0 1.00 Susceptibility to Future DURABILITY VULNERABILITY Disruption f cc pa!e o Comrns, Media and Tech Ave!aqe • Products • Fnanca Se! vices • Resouces • Heat! ano Pubhc 3 2 cuce Ac nwe eech DiruptabiItty lnde L i amIe=3 629 .mpI dngebe een 555 rd 2 dIth n ct B rnunI pe Indu I

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  4. P S C ImeIine for SC Energy Freedom Act 120 days — 58-27-460 A(2) 58-41-30: ASAP NLT November 58-27-460 (D) September 13, Open 16, 2019 Review August 16, 2019 2019 ?? docket standards for January 1, 2020 Establish Review: 58-40-20 F (1) for each May 16, interconnection Generic docket: Net reasonable Voluntary Solar Choice utility 2019 energy metering of renewable interconnection Renewable Metering Governor Section programs energy guidelines. Energy Tariff, p. 17 signs bill. 52-41-20 facilities Program r 58-41-20 A 52-41-40 January 2020— ?? NLT November 16, 60 Days - July 15, With in 180 days of Customer 2019 2019 opening community usage Decision: Avoided Open a docket to solar programs 58-27-845, pp. costs, review community docket, 11-12 methodologies, solar programs utilities update power purchase community solar agreements, et.al. 4 programs

  5. PSC T m e I i n e f o r S C E n e r g y F r e e d o m Act ?? 58-37-60 ?? Independent ?? 58272610H 58-27-460 study of (1) Promulgate Revisions to integrating May 16, regulations renewa ble interconnection 2019 p. 21 standards p. 28 Governor energy into signs bill, grid p. 26 r 300 days ?? Approve, 58-37-40 modify, or Electric utility deny electric IRP filings p. utility IRP 22 filings p. 22 5

  6. Chapter 41: Renewable Energy Programs • “ T h e commission i s d i r e c t e d to a d d r e s s all r e n e w a b l e e n e r g y issues i n a fair and balanced manner, c o n s i d e r i n g t h e costs and benefits to all c u s t o m e r s of all programs and tariffs t h a t r e l a t e to renewable e n e r g y and e n e r g y s t o r a g e both as p a r t of t h e utility’s p o w e r s y s t e m and as direct investments b y c u s t o m e r s f o r t h e i r o w n e n e r g y needs and renewable goals.” • “ T h e commission also i s d i r e c t e d e n s u r t o e t h a t t h e revenue recovery, c o s t allocation, and r a t e design of utilities t h a t i t r e g u l a t e s a r e j u s t and r e a s o n a b l e and properly reflect changes i n t h e i n d u s t r y as a w h o l e , t h e b e n e f i t s of c u s t o m e r renewable energy, energy e f f i c i e n c y , and demand r e s p o n s e . . . ” b

  7. S t a n d a r d A v o i d e d C o s t s , e t c . Proceeding Offer, • Section 58-41-20 ( A ) : W i t h i n 6 months after the effective date of this c h a p t e r ( N o v e m b e r 1 6 , 2019), and a t least o n c e e v e r y 2 4 months thereafter ( N o v e m b e r 1 6 , 202?, N o v e m b e r 1 6 , 202?,...), the PSC s h a l l e s t a b l i s h o r approve each e l e c t r i u c a l t i l i t y ’ s a v o i d e d c o s t r a t e s , a v o i d e d cost methodologies, s t a n d a r d o f f e r p o w e r p u r c h a s e a g r e e m e n t s , form contract p o w e r p u r c h a s e a g r e e m e n t s , commitment to sell forms, et. al. ( D i s c u s s i o n t o d e c i d e ) • W i t h i n such proceeding, the PSC s h a l l approve o n e o r more s t a n d a r d form p u r c h a s e p o w e r agreements for use for small p o w e r p r o d u c t i o n facilities n o t eligible f o r the s t a n d a r d o f f e r ( p r o d u c i n g u p t o 2 MW Alternating Current). 7

  8. Standard Offer, Avoided Costs, etc. Proceeding • Proceedings s h a l l include an opportunity for intervention, discovery, filed c o m m e n t s o r t e s t i m o n y , and an evidentiary hearing. • Proceedings m u s t b e s e p a r a t e from the electrical utilities’ a n n u a l fuel c o s t p r o c e e d i n g s . • . . . t h e s h a l l treat small p o w P S C e r p r o d u c e r s o n fair and equal a f o o t i n g with electrical u t i l i t y - o w n e d resources... 8

  9. Standard Offer, Avoided Costs, etc. Proceeding • Section 58-41-20 (D): The PSC shall approve a standard notice of commitment-to-sell form that provides small power producers a reasonable period of time from its submittal of the form to execute a power purchase agreement with an electrical utility at the rates, and pursuant to the power purchase agreement terms and conditions, then in effect. • PSC shall receive purchase power agreements from electrical utilities resulting from voluntary negotiation of contracts between an electrical utility and a small power producer not eligible for the standard offer (producing up to 2 MW Alternating Current). 9

  10. F E R C and P U R P A The Public Utility R e g u l a t o r y P o l i c i e s A c t of 7978 (PURPA) was implemented t o encourage: 1. The c o n s e r v a t i o n o f e l e c t r i c e n e r g y . 2. I n c r e a s e d efficiency in the use of f a c i l i t i e s a n d r e s o u r c e s b y e l e c t r i c u t i l i t i e s . 3. E q u i t a b l e retail r a t e s for electric c o n s u m e r s . 4. E x p e d i t i o u s development of h y d r o e l e c t r i c p o t e n t i a l e a t x i s t i n g small dams. Conservation 5. of n a t u r a l gas while ensuring that r a t e s t o n a t u r a l gas c o n s u m e r s a r e e q u i t a b l e . One of the w a y s P U R P A set o u t to a c c o m p l i s h its g o a l s was t h r o u g h t h e e s t a b l i s h m e n t of a n e w c l a s s of g e n e r a t i n g f a c i l i t i e s which would receive s p e c i a l r a t e a n d r e g u l a t o r y t r e a t m e n t . G e n e r a t i n g f a c i l i t i e s In t h i s g r o u p are k n o w n as qualifying f a c i l i t i e s ( Q F s ) , a n d f a l l into two categories: qualifying small p o w e r production f a c i l i t i e s a n d qualifying cogeneration facilities. 10

  11. G S m a I I What Is a P o w e r Producer”? 16 U.S. Code 796: “A facility which is an eligible solar, wind, waste, or geothermal facility or a facility which produces electric energy using, as a primary source, of bio mass, waste, renewable resources, geothermal resources, or any combination thereof, and has a power production capacity.., not greater than 80 megawatts.” • FERC: “A small power production facility is a generating facility of 80 MW or less whose primary energy source is renewable (hydro, wind or solar), biomass, waste, or geothermal resources.” 11

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