• Subtitle
New SV Clean Energy
PowerPoint Template
Inflation Reduction Act
Information
Bena Chang
SVCE Executive Committee Meeting
August 26, 2022
Item 3
PRESENTATION
2 Federal Inflation Reduction Act – Historic
Investments in Decarbonization and Clean Energy
Largest single federal investment in clean energy. Carrot approach to decarbonizing the economy.
Clean Energy:
• Extends and expands Production Tax Credit and Investment Tax Credit for renewable energy projects.
• Stand-alone storage qualifies for Investment Tax Credit. • Tax-exempt entities, like CCAs, can access tax credits.
Programs:
• Supercharges building and transportation electrification efforts through consumer rebates and tax credits.
Item 3
PRESENTATION
3 Inflation Reduction Act significantly bends
carbon curve
REPEAT Project model shows IRA will reduce additional 1 billion metric tons of emissions compared to current policy.
Item 3
PRESENTATION
Modeled Net U.S. Greenhouse Gas Emissions (Including Land Carbon Sinks) billion metric tons CO2-equivalent (Gt C02-e)1
6 5 . , ... ,, ' ' ' ' ',,''' '' '' •.•.•.•,•,•,::.:. ;:.•.• .. •. '.:•.' ' , ' ' ' '' :: ''' ' ': ,, '' ',,, :: : ': :, : : : : : : : : : : : : : :: : : : : :: : : : : : ; : : : i ::::::::: : .r- · '"'"'" " -'-' '~""~-"~''-'- l~'"";;'""~t'""" ·;o.,_,_ .~~R~e-du- c-ti-o-n -A-ct_c_u-ts~ :::::::~ · · · · .'.'.'.' ' i annual emissions in 2030 by an ------- ! additional .... 1 billion metric tons
4 , . , . : below current policy
---------- 2030 target: 50% below 2005 .. .. . , , . , . , . , , 3 2
1 0
2022
········ ..... ... ,
. ,. ,. ,
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········ . .... .. ~
• 1,, , ,
. ,. , ,-----------------------"------------, ... , . . ,, , The inflation Reduction Act does about two-thirds of the remaining work needed to close the gap between current policy and the nation's 2030 climate goal.
By driving down the cost of adopting clean energy and other climate solutions across the nation, the Act also makes it easier for executive agencies, state and local governments, and private sector leaders to increase their ambitions and help close the remaining 0.5 billion ton gap left. These dynamic effects of the bill on future climate action are not captured in this modeling. 2024 2026 2028 2030 2032 2034
, , . ,
-~
Frozen Policies
(~26% below 2005 in 2030)
Current policy, including the
Bipartisan Infrastructure Law:
~4.8 billion tons in 2030
(~27% below 2005)2
Senate Inflation Reduction Act:
~3.8 billion tons in 2030
( ~42% below 2005)3.4
House Build Back Better Act:
~3.6 bil lion tons in 2030
(~46% below 2005)4
Net-Zero Pathway
(50% below 2005)
4 Historic Investments in Decarbonization and Clean
Energy
Program Amount Notes
Clean Energy Tax Credits $139 billion Extends Production Tax Credits for electricity from renewable resources including solar, wind, and
geothermal. Extends and expands Investment Tax
Credits for solar, wind to cover storage, biogas,
microgrids. Additional tax credits for projects that
use prevailing wage, domestic parts/materials, and
for those located in brownfield/coal/gas
communities. Technology neutral after 2024.
Clean Energy Manufacturing $60 billion Includes $30 billion for manufacturing solar panels, wind turbines, batteries, and critical materials. $10
billion for clean tech manufacturing facilities.
Stability in tax credits reduces market uncertainty.
Item 3
PRESENTATION
5 EV Investments
Program Amount Notes
Clean Vehicles – includes EVs and
hydrogen fuel vehicles
$12 billion Tax credits/point-of-sale rebates of up to $7,500 for new vehicles and $4,500 for used vehicles
(depending on domestic battery and critical
minerals). $150k income limit, limit of $80k sale
price for vans, trucks, SUVs, $55k all other vehicles.
Commercial clean vehicle tax credits of $7,500 for
light-duty and $40,000 for heavy-duty.
EV Manufacturing Loans $3 billion Loans for advanced technology vehicle manufacturing.
EV Manufacturing Grants $2 billion Grants to covert existing vehicle manufacturing facilities to EV facilities.
EV Charging Station Investments in Infrastructure Investment and Jobs Act Item 3
PRESENTATION
6 Building Decarbonization Investments
Package includes significant support for existing building electrification as well as building code development and training support.
Program Amount Notes
Building Decarbonization – High-efficiency Electric Home Rebate Program
$4.275 billion Grants to states: $8,000 heat pump cooling/heating, $1,750 heat pump water heaters, $840 heat-pump
clothes dryer/electric stoves, $4,000 electric panel
upgrades, $2,500 electrical wiring. Max $14k credit
per homeowner, 150% AMI income limit.
HOMES Rebate Program $4.3 billion Grants to states: $2,000-$4,000 depending on energy savings (limit of 30% of project costs).
$4,000-$8,000 for low-income (limit of 80% of
project costs). Applies to multifamily.
Home Energy Efficiency Contractor
Training Grants
$200 million Grants to states: contractor training for residential energy efficiency and electrification installation.
Zero Building Energy Code
Adoption
$1 billion Grants to states for local governments to adopt building codes that meet or exceed 2021
International Conservation Code.
Item 3
PRESENTATION
7 Community Funds
Funds to non-profits, local governments, and schools in low-income and disadvantaged communities.
Program Amount Notes
Environmental and Climate Justice
Block Grants
$3 billion Grants to nonprofits that partner with local govt’s or higher ed institutions for zero emission technologies
and infrastructure to address climate resilience and
reduce indoor air pollution. Funds can be used on
outreach/engagement and workforce development.
Climate Pollution Reduction Grants $5 billion Funds to low-income and disadvantaged communities to plan and implement programs,
policies, and projects to reduce GHG pollution.
Air Pollution in Schools $50 million Grants to monitor and reduce air pollution and GHG emissions at schools in low-income and
disadvantaged communities. Includes school
environmental quality plans with standards for
school building, design, and mitigation funding for
ongoing air pollution hazards.
Item 3
PRESENTATION
8 Additional Investments
Program Amount Notes
Federal Clean Technology
Procurement
$9 billion Includes $3 billion for Postal Service to purchase ZEVs.
Green Bank $27 billion Clean Energy Technology Accelerator to support deployment of emissions-reduction technology in
disadvantaged communities.
Defense Production Act $500 million Supports President’s Defense Production Act Executive Order for production of domestic heat
pumps and solar.
Funding for federal procurement and domestic manufacturing.
Item 3
PRESENTATION
9 Additional Policies
Program Amount Notes
Methane Emissions Reduction
Program
$850 million Fee on excess methane emissions paired with grants to industry to monitor and reduce methane. Charge
for methane begins at $900 per ton in 2024 and
increased to $1,500 per ton in 2026.
Public Land/Water Renewable
Energy tied to Gas and Oil
Production
N/A Requires oil and gas lease sales each year before
any utility-scale renewable energy projects (including
offshore wind) on public lands or waters.
Methane Emissions Reduction and “all of the above” strategy.
Item 3
PRESENTATION
10 SVCE Action Items and Next Steps
Maximize IRA’s potential. Adapt and advocate for complimentary policies/funding.
Actions
• Joined 9 other CCAs in support letter to leaders Schumer and Pelosi. Letter sent to House delegation of CCAs and to Senators Padilla and Feinstein. • Analyzing bill and impacts to SVCE.
Next Steps
• Forming internal teams to understand opportunities in the IRA and to adapt SVCE’s work. • Building Decarb programs: Conduct gap analysis and use that to inform SVCE’s programs and regional/state advocacy. Share SVCE best practices. • Clean Energy Tax Credits: Understand Investment Tax Credits and impact to existing and future PPAs.
• Working with other CCAs to identify opportunities related to asset ownership and collaborative efforts in the building and EV space
Item 3
PRESENTATION
11 Thank you
Item 3
PRESENTATION
1 • Subtitle
New SV Clean Energy
PowerPoint Template
Strategic Plan Update
August 26, 2022
SVCE Executive Committee
Item 4
PRESENTATION
2 No Changes to Mission & Measure
Board supports
keeping the
Mission and the
Overall Measure
the same
MISSION:
Reduce dependence on fossil fuels by providing
carbon free, affordable, and reliable electricity and
innovative programs for the SVCE community
MEASURE:
SVCE, working with SVCE member agencies, aspires to achieve energy and transportation GHG reductions of 30% from the 2015 baseline by 2021, 40% by 2025, and 50% by 2030
Item 4
PRESENTATION
3 May
Board starts CEO
evaluation
May-Aug
Strategic Plan Input
& Updates
September
Approve Budget,
Strategic Focus
Areas
Sep-Oct
CEO evaluation&
Priorities (Sep)
Present detailed
work plan and
measures (Oct)
Oct-May
Implementation
Strategic Plan & Budget Timeline
April & May & Q3 - Staff input
May 27 - Executive Committee (strategic plan)
June 8 - Board (strategic plan)
June 24 - Executive Committee (strategic plan & budget) August 1 - Finance Committee (budget)
August 10 - Board (budget)
August 26 – EC update (Strategic Focus Areas)
September 14 – Strategic Focus Areas and Budget Approval October 12 – SVCE Work Plan presented to Board
Item 4
PRESENTATION
4 Strategic Work Plan & Focus Areas
Item 4
PRESENTATION
5 Strategic Work Plan & Focus Areas
NO CHANGE
Item 4
PRESENTATION
6 Strategic Work Plan & Focus Areas
DISCUSSION UNDERTAKEN IN
PREVIOUS MEETINGS & BUDGET
DOCUMENT TO BE UPDATED TO
HAVE A CUSTOMER FOCUSED
FRAMEWORK
TO BE PRESENTED TO THE
BOARD IN OCTOBER
Item 4
PRESENTATION
7 Strategic Work Plan & Focus Areas
DISCUSSED IN PREVIOUS
MEETINGS & UPDATED TO
REFLECT INFLATION
REDUCTION ACT
Item 4
PRESENTATION
8 STRATEGIC FOCUS AREAS
Limited to 5
• Strategic Focus Areas are a lens to spotlight cross-cutting and incremental priorities. They do not replace the workplan and goals. • Useful for Board and CEO establishing priorities
• Prioritizes and drives detailed workplan development
• Workplan currently has 21 Goals and 75 Measures
Item 4
PRESENTATION
9 5 Strategic Focus Areas
Changes: combined 2 employee related focus areas; added Inflation Reduction Act (IRA)
Item 4
PRESENTATION
10 5 Strategic Focus Areas
Changes: combined 2 employee related focus areas; added IRA 24x7 Clean
Energy
Explore 24x7 clean
energy delivery at
scale, to improve
on the current 100%
clean energy goal
Customer Base
& Electrification
Grow Customer
Base & Offerings,
Emphasize
Electrification
Inflation
Reduction Act
Accelerate
deployment of
currently adopted
decarbonization
strategies and
goals; evaluate and
capitalize on the
Inflation Reduction
Act to further
improve programs
Finance
Leverage Balance
Sheet for
Structured
Financing and use
financing solutions
to increase impact
of decarbonization
program offerings,
especially to lower-income customers
Employee
Be the Employer of
Choice, and
Increase Staffing
Synergy & Overlap
Synergy & Overlap
Item 4
PRESENTATION
11 5 Strategic Focus Areas
Changes: combined 2 employee related focus areas; added IRA 24x7 Clean
Energy
Explore 24x7 clean
energy delivery at
scale, to improve
on the current 100%
clean energy goal
Customer Base
& Electrification
Grow Customer
Base & Offerings,
Emphasize
Electrification
Inflation
Reduction Act
Accelerate
deployment of
currently adopted
decarbonization
strategies and
goals; evaluate and
capitalize on the
Inflation Reduction
Act to further
improve programs
Finance
Leverage Balance
Sheet for
Structured
Financing and use
financing solutions
to increase impact
of decarbonization
program offerings,
especially to lower-income customers
Employee
Be the Employer of
Choice, and
Increase Staffing
Synergy & Overlap
Synergy & Overlap
Item 4
PRESENTATION
12 1. 24x7 CLEAN ENERGY
Explore 24x7
clean energy
delivery at scale,
to improve on the
current 100%
clean energy goal
• Explore pathways to measure & achieve
carbon free 24x7 for the entire portfolio
• Implement 24/7 service with Google and
explore with other customers
• Explore VPP opportunities and how we can
demonstrate the “grid of the future”
Item 4
PRESENTATION
13 2. CUSTOMER BASE & ELECTRIFICATION
Grow Customer
Base, Offerings, &
Emphasize
Electrification
• Be the Supplier of Choice; attract and retain DA
customers
• Maintain competitive rates; increase customer
offerings and demand side programs
• Expand value proposition emphasizing
electrification
Item 4
PRESENTATION
14 3. INFLATION REDUCTION ACT
Accelerate
deployment of
currently adopted
decarbonization
strategies and goals;
evaluate and
capitalize on the
Inflation Reduction
Act to further
improve programs
• Evaluate clean energy asset ownership to structurally lower costs and lower risk
• Grow our capacity and deploy programs at a much larger scale
• Operationalize equity into programs; utilize SEVI framework in double-down programs
• Assist member agencies evaluating IRA decarbonization policies and program impacts
• Evaluate policies related to the utilization of organized labor in utility-scale projects and decarbonization programs and present options to the Board
Item 4
PRESENTATION
15 4. FINANCE
Leverage Balance
Sheet for Structured
Financing and use
financing solutions to
increase impact of
decarbonization
program offerings,
especially to lower-income customers
• Continue building strong financial reserves
• Attract and retain DA customers
• Strategically use balance sheet to advance
our mission; providing innovative financing
solutions to customers, particularly to reach
those with barriers to conventional
programs (e.g., low income, renters)
Item 4
PRESENTATION
16 5. EMPLOYEES
Be The Employer
of Choice, &
Increase Staffing
• Attract and Hire New Employees, passionate
about our mission and with excellent job
knowledge
• Build and maintain a high-performance
agency; preserve start-up culture of employee
innovation, engagement, and collaboration
• Develop plans for remote, hybrid and in-person work
Item 4
PRESENTATION
17 May
Board starts CEO
evaluation
May-Aug
Strategic Plan Input
& Updates
September
Approve Budget,
Strategic Focus
Areas
Sep-Oct
CEO evaluation&
Priorities (Sep)
Present detailed
work plan and
measures (Oct)
Oct-May
Implementation
NEXT STEPS
April & May & Q3 - Staff input
May 27 - Executive Committee (strategic plan)
June 8 - Board (strategic plan)
June 24 - Executive Committee (strategic plan & budget) August 1 - Finance Committee (budget)
August 10 - Board (budget)
August 26 – EC update (Strategic Focus Areas)
September 14 – Strategic Focus Areas and Budget Approval October 12 – SVCE Work Plan presented to Board
Item 4
PRESENTATION
18 APPENDIX
Item 4
PRESENTATION
19 WORKPLAN - 21 Goals and 75 Measures
(to be updated & presented to Board in October 2022)
Each Goal
associated
with
Measures
Item 4
PRESENTATION
1 • Subtitle
New SV Clean Energy
PowerPoint Template
Integrated Resource
Plan (IRP)
Executive Committee Meeting
August 26, 2022
Item 5
PRESENTATION
2 • Subtitle
New SV Clean Energy
PowerPoint Template
Background &
Context
Item 5
PRESENTATION
3 Procedural Background
IRP is used by
CPUC as an
“umbrella
proceeding”
connecting many
policy issues and
state goals.
The potential for
procurement orders
also make it one of
the most impactful.
• LSEs submit IRPs every two years
• This is the 3rd IRP cycle
• LSEs required to show how they can meet RA, GHG & RPS goals. • GHG targets have fallen each cycle, now 38 MMT and 30 MMT • This is the first IRP in which LSEs must meet specific RA obligations • These plans are “stitched together” to form a Preferred System Plan, which the CPUC confirms will meet all system needs and policy goals • Policy goals include reliability, renewables/ DER integration, electrification • Previous two cycles resulted in procurement orders totaling ~14.8 GW of NQC capacity
Acronym Key:
LSE: Load Serving Entity
GHG: Green House Gases
RA: Resource Adequacy
DER: Distributed Energy Resource
CPUC: California Public Utilities Commission
NQC: Net Qualifying Capacity
CAISO: California Independent System Operator
MMT: Million Metric Tonnes
Item 5
PRESENTATION
4 California’s Ambitious Climate Goals
2030: 40% below 1990 levels
2050: 80% below 1990 levels
2020: Back to 1990 levels
SB 100: Renewable and carbon-free energy sources must supply 100% of retail electricity demand
by 2045
Figure courtesy of California Climate Change Scoping Plan:
https://ww3.arb.ca.gov/cc/scopingplan/scoping_plan_2017.pdf Item 5
PRESENTATION
500
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w 200
t'.J
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t'.J
ro 100 ::J
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' ' ' ~ .2030.Target .................................................. . ' ' ' ' , , , Executive Order
"" '--. S 3-05 ' ' ' ~ 2050 Target JIIII ........... .
a __._, ___________________________ _
2000 2010
rA, s1L1coN VALLEY ~ CLEAN ENERGY
2020 2030 2040 2050
5 Electricity Sector’s Role
Figure courtesy of California Climate Change Scoping Plan:
https://ww3.arb.ca.gov/cc/scopingplan/scoping_plan_2017.pdf 2030 Statewide GHG goal: 260
Million Metric Tons (MMT) of
CO2 equivalent
CARB set a planning range of
30-50 MMT by 2030 for the
electricity sector in 2017. In
2021 the CPUC adopted a 38
MMT target for the sector in
2030.
This cycle LSEs are directed to
explore both 38 MMT and 30
MMT scenarios.
Item 5
PRESENTATION
500
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t----
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ti)
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W 200
L9
L9
ro 100 :J
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C
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-----• 2020 Target
' ' ' ' ' ' . 2030.Target .................................................. .. '
, Executiv Order
S 3-05
JIii
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::i 0-------------------------------
2 00 2010
rA, s1L1coN VALLEY ~ CLEAN ENERGY
2020 2030 2040 2050
6 SVCE’s GHG-reduction goals
SVCE aims to
exceed state
targets across all
sectors.
Item 5
PRESENTATION
SVC
,...
d'
~ z:
z: ....,
Ill
C
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ct
missions - eduction Goals
HIS OR!IC FOR CAST ------1• <I.Ii
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2.5 •·················-·········· 202 GO L: ◄ O B O 20 5 L LS SVCE launch• d
.i.o ~•nric• in 20 17;
DilHl !n• dati!I
u o.ti1 rt""' ri 2015
0 2000 :zo,o 2020 2030 2G<IO 2050
- ELECTRl 1CITY (SVCE, PG&E, IDIRE1CT AC1C,ESS,)
'IFRAINSPOIRTATiON
NATUIRAIL GAS
SVCE GHG GO.AIL
7 2022 Reference System Plan
The CPUC
believes
between 34 -46
GW of new
capacity will be
needed by 2030,
depending on
the GHG-target.
In the 30 MMT case
model primarily adds
wind (4 GW), solar (6
GW), batteries (1 GW)
to hit GHG targets
38 MMT Case
30 MMT Case
Item 5
PRESENTATION
60,000 j 55,000
~ 50,000
~ 45,000
€
a 40,000
,:'.! 35,000 el
~ 30,000 ~
a: " 25,000 -c,
..
tl 20,000 ,; "
~ 15,000
10,000
5,000
0 - 2022 -2023 -2024
60,000
~ 55,000
~ 50,000
~ 45,000 -~
C. 40,000 u "'
~ 35,000 ::,
~ 30,000 QI
0:
"O 25,000 QI
t
QI 20,000 ai
V\
15,000
10,000
5,000
0 -
- -2022
-2023 2024
-2025 2026 2028
- - !!!!!!!!!!!!!!!
2025 2026 2028
2030 2032
!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!
2030 2032
■ Gas
■ Shed DR
■ Pumped Storage
■ Battery Storage
Customer Solar
■ Solar
Offshore Wind
Wind OOS New Tx
Wind
■ Biomass
■ Geothermal
■ Hydro (Small)
■ Gas Capacity Not Retained
8 2022 Filing Requirements
• Due November 1st
• 3 primary deliverables:
• Narrative
• Resource Data Template (each portfolio)
• Clean System Power Tool (each portfolio)
• SVCE is required to file either:
• 38 MMT and 30 MMT compliant portfolios OR
• Portfolio(s) that exceed 30 MMT
• Current status:
• Developing select narrative sections
• Capacity expansion modeling
Current Trajectory
Item 5
PRESENTATION
rA, s1L1coN VALLEY ~ CLEAN ENERGY
..
9 Load Requirements
LSEs are provided
load forecasts
which they must
use for each
conforming
portfolio.
These assumptions
may not match
SVCE’s long-term
view.
All Conforming Plans must use
the assigned load from the CPUC
for energy, peak (RA) and BTM
PV needs. Other load modifiers
are calculated as a share of load.
These forecasts are derived from
the IEPR forecast developed by
the CEC.
To assist with the narrative,
SVCE will also model a High
Electrification scenario which
increases load by 11% and peak
by 4% by 2035.
Acronym Key:
BTM PV: Behind the Meter Solar Photovoltaic
IEPR: Integrated Energy Policy Report
CEC: California Energy Commission
Item 5
PRESENTATION
rA, s1L1coN VALLEY
~ CLEAN ENERGY
.t::
$
l'.)
SVCE Assigned 2022 IRP Load
6,000
5,000
4,000
3,000
2,000
1,000
(1,000)
(2,000)
2024 2026 2030 2035
Axis Title
■ Baseline net energy for load GWh ■ Electric Vehicle Load GWh ■ Building Electrification GWh ■ Energy Efficiency GWh
■ Behind-The-Meter Photovoltaics (BTM PV) GWh ■ Behind-The-Meter Storage Losses (BTM Storage) GWh 10 • Subtitle
New SV Clean Energy
PowerPoint Template
Draft Results & Next
Steps
Item 5
PRESENTATION
11 SVCE Core Goals
SVCE must balance
core goals of
reliable, clean, and
affordable while
also meeting
compliance
requirements
In evaluation portfolios SVCE must consider:
• Affordability: Does the portfolio remain cost competitive and reasonably balance costs against other goals?
• Reliability: Does the portfolio contribute reasonably to total system reliability? Will it meet reliability needs in both the context of the IRP and RA proceedings going forward?
• Clean: Does the portfolio provide a viable set of clean energy resources to meet the needs of our customers and the grid? Does the plan put us on a path to carbon-free 24x7?
• Risks/ Durability: Does the portfolio reasonably balance portfolio risks, including financial and regulatory?
• Compliance: Does the portfolio meet the compliance obligations for all Conforming Portfolios?
Item 5
PRESENTATION
rA, s1L1coN vALLEv
~ CLEAN ENERGY
12 • Assessing several potential conforming plans to file • 75% RPS by 2030
• 100% RPS by 2030
• 100% RPS by 2035
• Also completing sensitivity runs – not to be filed – which may inform specific narrative sections
• High Electrification Scenario
• Offshore Wind
• DCPP Extension
SVCE Modeling to Date
• All conforming portfolios include SVCE’s existing portfolio, PG&E allocations, VAMO allocation and additional short -term RA
• All conforming plans use IRP assigned IEPR Forecast – 11% load increase by 2035, 12% peak increase by 2035
Item 5
PRESENTATION
rA, s1L1coN VALLEY ~ CLEAN ENERGY
13 Results Summary
Plan Battery (MW), 2035 Generation (MW),
2035
Increase, Battery Increase,
Generation
Current SVCE
Portfolio*
175 742 – –
75% RPS by 2030 638 1102 264% 48%
100% RPS by 2035 615 1227 251% 65%
100% RPS by 2030 315 1257 80% 69%
*Values represent all SVCE contracts expected online by 2030.
Common Themes:
• Model is building batteries to meet RA requirements
• Hybrid resources often found most economic
• Wind resources act as a useful compliment to existing portfolio Results shown in this presentation are draft and subject to change.
Both inputs and results are still being revised. These results have not been fully reviewed and vetted.
Item 5
PRESENTATION
rA, s1L1coN VALLEY ~ CLEAN ENERGY
14 DRAFT Results – 75% RPS by 2030
• Builds significant batteries for RA
constraint in latter years
• RPS target stays at 75% post-2030
but load growth quickens
Item 5
PRESENTATION
900
800
700
>-
~ 600 u
~ 500 ro
u 400
S 300 2
200
100
0 Draft 75% RPS by 2030, Cumulative Build
345
235
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 ■ Solar for Hybrid, Southern California ■ Storage for Hybrid, Southern California ■ Standalone 4-hr Battery ■ Wind, Wyoming
rA, s1L1coN VALLEY ~ CLEAN ENERGY
15 DRAFT Results – 100% RPS by 2035
• Additional need for RPS energy
requires significant ramping of
build post 2030
Item 5
PRESENTATION
1000
900
800
700
-~
u 600 ro
0..
ro
u
s
~
500
400
300
200
100
0 Draft 100% RPS by 2035 Cumulative Build
360
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 ■ Solar for Hybrid, Southern California ■ Storage for Storage, Southern California ■ Standalone Battery ■ Wind, Wyoming
rA, s1L1coN VALLEY ~ CLEAN ENERGY
16 DRAFT Results – 100% RPS by 2030
• Overall build is lower, but likely
more costly
• New wind by 2025 may be
unreasonable
Item 5
PRESENTATION
700
600
-~ 500
u
ro 400
a.
ro
u 300 5
~ 200
100
0 Draft 100% RPS by 2030, Cumulative Resource Build
280
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 ■ Solar for Hybrid, Southern California ■ Storage for Hybrid, Southern California ■ Wind, Northen California ■ Wind, Wyoming
rA, s1L1coN VALLEY ~ CLEAN ENERGY
17 Next Steps for Analysis
Staff is finalizing
quantitative
analysis to
determine SVCE’s
Preferred Plan and
file the IRP by
November 1st.
• Finalize Conforming Portfolios using Ascend capacity
expansion tool
• Assess Portfolios using internal RA reform tool
• To ensure portfolio will support RA compliance
• Carbon Free Energy score for each Portfolio
• To ensure portfolio puts SVCE on a path to 24x7
• Run Portfolios through PowerSimmto calculate cost
and risk analysis
• Propose Preferred Plan
• Finalize narrative and other compliance deliverables
Item 5
PRESENTATION
rA'\ s1L1coN vALLEY
~ CLEAN ENERGY
18 Key Themes for Narrative
IRP staff has
indicated they
would like to make
the IRP plan
enforceable and
are likely to order
additional
procurement going
forward.
SVCE may pre-emptively include some “defensive”
arguments for future strategic issues
• Highlight that portfolios are illustrative, not ones we will procure to
• Procurement dependent on RFO results
• Discuss issues with procurement track
• Load share allocation
• Resource carve-outs/ Market power issues
• Highlight changes to policies/ procurement orders impact our needs
• Offshore Wind sensitivity
• Diablo Canyon Extension sensitivity
Item 5
PRESENTATION
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~ CLEAN ENERGY
19 November 1 filing and Next Steps
• Staff will be sharing initial results during September 14th board meeting • Staff will seek board approval on October 12th for SVCE’s IRP filing • Approval of portfolios to submit
• Approval of key messages
• Adoption of new policy goals
• E.g. match preferred RPS targets to board adopted goals Item 5
PRESENTATION
rA, s1L1coN VALLEY ~ CLEAN ENERGY
20 • Subtitle
New SV Clean Energy
PowerPoint Template Appendix
Item 5
PRESENTATION
21 IRP Process Overview
IIRPs “stitched
together” in PSP to
find unmet needs
(planning track)
Reference system
plan developed;
Common set of inputs
and assumptions
(planning track)
LSEs use
assumptions to
develop IIRPs
(planning track)
Procurement ordered
based on PSP
(procurement track)
The IRP is designed to check that LSEs
and the system at large are on track to
ensure system reliability and clean
energy goals in the mid to long -term.
There are two primary “tracks”;
planning and procurement.
Ideally, all steps of the process flow
naturally, with each prior step informing
the next.
Item 5
PRESENTATION
rA, s1L1coN VALLEY ~ CLEAN ENERGY
22 • Last cycle SVCE filed three portfolios:
• 38 MMT Conforming Preferred
• Represents target procurement goals
• 46 MMT Conforming
• For compliance only
• Alternate (75% RPS, 38 MMT)
• Alternative to check lower hydro reliance
SVCE IRP Background
Build was the same for 38 and 46 MMT
cases, adjustments were made to assumed
short-term hydro contracts to achieve
required share of MMT target
Item 5
PRESENTATION
rA, s1L1coN VALLEY ~ CLEAN ENERGY
350
300
250
S 200
~ 150
100
50 0
SVCE 2030 Results (Previous Cycle)
4 Hour Storage Solar
Resource
■ 38 MMT/ 46 MMT ■ 75% RPS
Wind
• Subtitle
New SV Clean Energy
PowerPoint Template
Item 6
PRESENTATION
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Item 6
PRESENTATION
The GridShift: EV Charging app offers smart EV charging. Users set a 'ready-by-time' and their charging is automated to save $ and reduce emissions. Users can earn additional bill credits and support the grid by participating in seasonal events.
Grid Shift:
EV Charging
Objectives:
Save customers $ and reduce emissions
Improve SVCE's load shifting capabilities via callable events Target Audience: SVCE customers with home EV charging
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Item 6
PRESENTATION
Call events via push notifications, offer
$ rewards
Emissions reductions: Charge
during 'Low carbon events'
Load shifting: Avoid charging
during 'Critical GridShift Hours'
Equity
Integrating additional EV/charger
models
GridShift:
EV Charging
Powered by G,energy
f .'\ SILICON VALLEY ~ CLEAN ENERGY
•
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Item 6
PRESENTATION
Savings
Users on a TOU rate save $100+ per year on average
Emissions reductions via carbon optimization + low
carbon events
Pa rt i c i patio n
480 active users
Targeting 500 active users by August 31, 2022
New app features released August 1
Offering $50 sign-up bonus through August 31
Smart charging
We optimize your home EV charging for the
cheapest, greenest energy possible
Smart schedule
Tomorrow
07:00 ...
Mon, Tue, Thu, Wed, Thu, Fri and Sat
09:QQ AM
• Full schedule >
Smart settings
Only charge off-peak 0
Price limit 12p/kWh >
Maximum charge limit 80% >
~ e 1h t: DHhboud ~m•rl St.ats R11w rds
4 Item 6
PRESENTATION
For more information, visit
https://www.svcleanenergy.org/gridshift-ev/
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