Connecting the Dots: Major New England Energy Initiatives Katie - - PowerPoint PPT Presentation

Connecticut Department of Energy and Environmental Protection

Connecting the Dots: Major New England Energy Initiatives

Katie Dykes Deputy Commissioner for Energy

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Raab Roundtable September 30, 2016

Connecticut Department of Energy and Environmental Protection Connecticut Department of Energy and Environmental Protection

A Few of the Dots…

• RGGI 2016 Program Review
• 3 State Clean Energy RFP
• CT Comprehensive Energy Strategy
• CT Governor’s Council on Climate Change
• IMAPP

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RGGI 2016 Program Review

• Commitment to program review in 2016
• Key topics:

– Program successes, areas for improvement – Opportunities for further reductions post-2020 – Other program elements – Compliance with Clean Power Plan

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Modeled RGGI CO2 Caps

10 20 30 40 50 60 70 80 90 100 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

Million Tons CO2

RGGI Cap (CPP Ref) 2.5% Cap Decline 2024 2.5% Cap Decline 5% Cap Decline 4

Projected RGGI Allowance Prices

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5 10 15 20 25 30 35 2016 2018 2020 2022 2024 2026 2028 2030 2032 2012$/Ton

CPP N+E CPP E CPP N+E 2.5% CPP N+E 2.5% 2024 CPP E 2.5% 2024 CPP N+E 5% CPP 5% CCR

Projected RGGI Firm Power Prices

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10 20 30 40 50 60 2016 2018 2020 2022 2024 2026 2028 2030 2032 2012$/MWh

CPP N+E CPP E CPP E 2.5% 2024 CPP N+E 2.5% 2024 CPP N+E 2.5% CPP N+E 5% CPP 5% CCR

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3 State Clean Energy RFP

“The 3 State Clean Energy RFP remains a high priority effort for the Commonwealth of Massachusetts and the states of Connecticut and Rhode Island. The Clean Energy RFP evaluation team is providing this update to provide bidders and stakeholders with the latest information available on the status

• f the RFP. The evaluation process is still underway, and

bidders will be contacted directly by the Clean Energy RFP evaluation team regarding their proposals, which were solicited to be valid until October 24, 2016 per the RFP. Final results of the RFP will be announced to the public when executed contracts are filed for regulatory review. This website –www.cleanenergyrfp.com – will be updated periodically on the evaluation progress.”

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Connecticut Department of Energy and Environmental Protection Connecticut Department of Energy and Environmental Protection

Governor’s Council on Climate Change

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10 20 30 40 50 60 1990 1995 2000 2005 2010

Millions of Metric Tons of Carbon Dioxide Equivalent

Connecticut Greenhouse Gas Emissions 1990-2013 Generation Based-Accounting 2050 Target

2020 Target

9% reduction achieved to date (1990

baseline)

2010 Target

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Governor’s Council on Climate Change

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Connecticut Department of Energy and Environmental Protection Connecticut Department of Energy and Environmental Protection

Governor’s Council on Climate Change

• Reference case assumptions of nuclear retirements: Millstone 2 in 2035;

Millstone 3 in 2045; Seabrook granted 20-year license renewal in 2030.

• Assumes clean generation resources begin to replace natural gas after 2025.

By 2050, natural gas produces 5% of MWh, renewables/hydro 75%

• Examples of thermal and transportation measure penetrations:

10 Measure 2015 2030 - 35% 2030 - 45% 2030 - 55% 2050 Passenger EV sales 2,902 (.1%

• f fleet)

462,149 (20%) 875,650 (38%) 1,532,388 (67%) 2,184,529 (79%) Residential ASHP/GSHP 2,934 (.3% therm load) 11,400/yr (18%) 25,100/yr (39%) 38,656/yr (60%) 847,294 (87%) Commerc’l ASHP/GSHP 111,981 ft2 (0.3%) 3.6m ft2 (10%) 13.8m ft2 (39%) 19.4m ft2 (60%) 28.0m ft2 (69%)

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CT Comp Energy Strategy, IMAPP

• How to secure more clean

energy (hydro, renewables) at least cost & greatest benefit to CT ratepayers, within restructured market?

• How to ensure continued

retention of existing nuclear, if nuclear retirement becomes imminent?

• How to maintain affordable

electricity prices for economic competitiveness, and to facilitate fuel- switching in transportation and buildings? 11