State of Vermont Energy Stimulus Plan

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State of VermontEnergy Stimulus Plan

• April 3, 2009
• David OBrien
• Vermont Public Service Department
• www.publicservice.vermont.gov
• 828-2811

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Overview

• Clean Energy Development Fund
• Efficiency Vermont

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Clean Energy Development Fund

• Small-Scale Renewable Energy Program
• -874 systems installed (79 wind turbines, 347
  solar PV 448 solar hot water)
• Clean Energy Development Fund Competitive Grants
• -Over 7 million in grants awarded since 2007
• (20 feasibility studies, 14 farm methane
  digesters, 7 co-gen systems, 12 solar PV systems,
  5 hydro systems, and one wind system)

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Efficiency Vermont

• Budgets for 2009-2011

Year Electric Services and Initiatives Electric Services and Initiatives Unregulated Fossil Fuel Services and Initiatives Unregulated Fossil Fuel Services and Initiatives Total
2009 25.5 M 25.5 M 1.0 M 1.0 M 26.5 M
2010 28.9 M 28.9 M 1.9 M 1.9 M 30.7 M
2011 33.1 M 33.1 M 1.6 M 1.6 M 34.7 M
Key 3-year Performance Goals Key 3-year Performance Goals Key 3-year Performance Goals Key 3-year Performance Goals Key 3-year Performance Goals Key 3-year Performance Goals
360,000 MWh 360,000 MWh 51.2 Summer MW 51.2 Summer MW 54.0 Winter MW 54.0 Winter MW
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EVT - Geotargeting

• 12.2 M per year directed to four Geotargeted
  Areas
• To avoid otherwise necessary investments in TD
• Evaluation in 2009

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EVT - Program Initiatives
Residential Initiatives Retail Efficient Products Specialty CFLs and LEDs New Construction Higher Tier EE Standard Existing Homes HPwES New - Unregulated Fuels Initiatives Business Initiatives New Construction Tech Assistance to Design/Build Firms Existing Facilities Expanded Account Mgmt Direct Install Lighting in GT Areas
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New Initiatives Opportunites

• All Fuels Efficiency
• Energy Efficiency and Conservation Block Grants
• Energy Efficiency and Renewable Energy Tax
  Incentives
• Smart Grid

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All Fuels Efficiency

• Provide energy efficiency upgrades to homeowners
• Pursue the sweet spot, lower energy bills for
  consumers, lower carbon emissions and put
  contracting workforce back to work.

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Smart Grid

• Empowers consumers to become active participants
  in their energy choices.
• Transformation from a centralized network to one
  that is more consumer-interactive.
• Enhanced electric delivery system, including
  generation, transmission, distribution and
  consumption.
• Increases the possibilities of distributed
  generation, bringing generation closer to those
  it serves.
• Provides two-way visibility and control of energy
  usage.

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Today's Central Utility
Tomorrow's Distributed Utility?
EVs
Central Generation
Central Generation
Wind
RemoteLoads
Genset
PV
Fuel Cell
Battery
Customer Efficiency
Customers
Microturbine
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Other Matters

• In many respects recessionary conditions can help
  these efforts, availability of labor etc.
• Meanwhile recessionary conditions worldwide have
  dampened energy prices to the benefit of
  consumers
• Consumer advocates need to pay close attention
  to, and play a role in national cap and trade.
• But we have to be mindful of the longer-term
  picture. Are we making good long term decisions?
  The resources that stimulus will underwrite
  remain uneconomic over the planning horizon.