SRC MN Updated 12/10/14 Customer All Ratepayers $ Avoided costs - PowerPoint PPT Presentation

SRC MN Updated 12/10/14

Customer All Ratepayers $ Avoided costs (Fuel Clause Adjustment) Solar Energy Utility Developer RECs (if election made to sell)

Bill Credit Types and Rates Gardens Not Receiving Gardens Receiving Incentives Incentives* Standard Garden Operator ownership of RECs Standard Utility Ownership of RECs • Residential $0.12033 • Residential $0.12033 • Small General $0.11783 • Small General $0.11783 • General Service $0.09456 • General Service $0.09456 Enhanced > 250 kW Utility ownership of RECs • Residential $0.14033 • Small General $0.13783 • General Service $0.11456 Enhanced ≤ 250 kW Utility ownership of RECs • Residential $0.15033 *Made In Minnesota and Solar*Rewards • Small General $0.14783 Incentives. Only Gardens under 40kW are • General Service $0.12456 eligible.

Bill Credit Timing for Partial Months First month – NO bill credit for entire month Final month – Customer receives bill credit for entire month

2014 Subscriber Bill Credits

Subscribed Energy • All Bill Credits must be carried forward for at least a twelve (12) month cycle. The Company shall purchase all Bill Credits with the billing statement which includes the last day in February and restart the credit cycle on the following period with a zero credit balance. • Standard bill credits do not include a payment for RECs. RECs go to the Garden Operator (Garden Operator must have M-RETS account). – For gardens receiving MIM or S*R incentives, the REC payment is included in the incentive. Therefore the standard bill credit is applied. • Enhanced bill credits reflect the payment for the sale of RECs to the utility

Unsubscribed Energy • Payment for Unsubscribed Energy will be paid to the Community Solar Garden Operator at the then current: • 1.) Company’s avoided cost rate (found in the Company’s rate book, Rate Code A51) for solar gardens of 40 kW (AC) capacity or larger, or • 2.) Company’s average retail energy rate (found in the Company’s rate book, Rate Code A50) for solar gardens under 40 kW (AC) capacity.

Garden Operator Fees • Application fee of $1,200 • Metering Charge per Month: – Single Phase $5.50 – Three Phase $8.00 • Deposit of $100/kW (AC) • Participation fee of $300 • Generation Interconnection Application Fee

Subscriber Maintenance • All subscription changes must be made within the first 5 days of the production month • Subscription transfers – delete old account premise subscription and add new one • Subscriber does not receive a bill credit for first (partial) month. Subscriber receives a bill credit for final (partial) month.

Subscriber Bill Credit • Standard Bill Credit & Enhanced Bill Credit

Garden Unsubscribed Bill Credit