1 • Subtitle
New SV Clean Energy
PowerPoint Template
NEM - Net Surplus
Compensation (NSC)
Payment
Executive Committee Meeting
January 27, 2025
Item 5
PRESENTATION
2 Proposal
Establish a new Net Surplus Cashout (NSC) rate for Standard Solar Net Energy Metering (NEM) customers effective January 2026. New NSC will be equal to PG&E's current NSC rate.
Standard
Solar
Non-CARE/FERA
1x
Current Multiplier
from PG&E NSC
2x
Proposed Multiplier
from PG&E NSC
Alignment
with PG&E
Item 5
PRESENTATION
3 SVCE's NSC rate is 2x PG&E’s
Customers produce and
consume solar energy
throughout the year.
Customers that produce
more than they consume
annually get paid at the
end of the year.
Payment is based on
excess kWh produced
and the NSC.
Every April, SVCE
distributes as a check in
the mail or bill credits.
Item 5
PRESENTATION
4 Statewide efforts to align solar incentives with
energy value.
• Duck curve shows how midday
generation value is decreasing
• In 2023, CPUC ordered changes to
NEM rates and proposed new Net
Billing Tarriff (NBT) aka "NEM 3"
to set value of energy to be based on
an avoided cost calculator along with
a new NSC rate
• SVCE adopted new NEM 3 rates in
2023, but did not change the NSC
Item 5
PRESENTATION
California's duck curve is getting deeper
CAISO lowest net load day each spring (March-May, 2015-2023), gigawatts eia 25 12AM 2AM 4AM 6AM 8AM 10AM 12PM 2PM 4PM 6PM 8PM 10PM
Data source: California Independent System Operator c? (CAISO) 5 SVCE’s NSC rate has evolved over time.
Value of
SVCE Cashout
2018
-2022
2023 -2025
2026
Value of
PG&E Cashout
Double PG&E
NSC rate
PG&E NSC rate
Full retail rate PG&E NSC rate
PG&E NSC rate
PG&E NSC rate
>>>>
>>
=
Proposed
Change
NSC: Net Surplus Compensation
Item 5
PRESENTATION
6 NEM Rates and Net Surplus Compensation payments are
changing
• SVCE pays higher than PG&E incentive for surplus solar power under NEM rates
• 25% of solar customers (~10,000 total) receive cash-outs • In 2024, cash-out expense was over $1.7M
• NEM 1 and 2 customers already see large payments above the value of energy
• Most solar customers are higher income
• Better align SVCE payments with grid value
Situation
Goal
Context
Item 5
PRESENTATION
7 This will reduce payments to the majority of customers receiving cash-out – approximately ~25% of NEM customers.
Illustration of NEM Cashout Customers and Amounts
Customer Type
2024
Number of
Customers
2024
Average
Cash-Out
Average Cash-Out
Under New Policy*
Standard 9,604 $175 $95
* For illustration only. Update to NSC would not occur until January 2026.
Item 5
PRESENTATION
SILICON VALLEY
CLEAN ENERGY
8 Request
Recommend the Executive Committee support staff's
recommendation as follows:
Adopt new Net Surplus Compensation (NSC) multiplier under Standard Solar Net Energy Metering (NEM) rates to equal Pacific Gas and Electric's (PG&E) multiplier effective January 2026.
Item 5
PRESENTATION
9 Questions
Item 5
PRESENTATION
• Subtitle
New SV Clean Energy
PowerPoint Template
Programs Snapshot:
EV Rebates
January 27, 2025
Executive Committee Meeting
Hannah Gustafson, Programs Lead
Item 6
PRESENTATION
2 Santa Clara County is a Leader in ZEV Adoption
California Energy Commission (2024). Light-Duty Vehicle Population in California. Data last updated December 31, 2023. Retrieved May 3, 2024 from https://www.energy.ca.gov/zevstats 0%
2%
4%
6%
8%
10%
12%
0 20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 % ZEV
# Vehicles
Year
Plug-in Hybrid
(PHEV)
Fuel Cell (FCEV)
Battery Electric
(BEV)
In 2023, ZEVs were
10.9% of the light-duty
vehicle population in SC
County
Item 6
PRESENTATION
3 Source: DMV Vehicle Registration Data (2023), PG&E 4013 Report, CalEnviroScreen4.0 EV adoption is lowest in the most vulnerable census
tracts (SEVI 3 and 4).
87%
Single
Family
13%
Multifamily
% EVs Registered by SEVI Quartile
However, SVCE ZEV Adoption is not evenly
distributed
Least
Vulnerable
Most
Vulnerable
Population:
200k
Population:
235k
Population:
215k
Population: % EVs Registered by Home Type 243k
in SVCE Territory
Item 6
PRESENTATION
1 2 3 4
4 Title of the
Notable Barriers to EV Page Adoption
1. Lack of home charging
2. Upfront vehicle cost
3. Confusion around EVs
generally and available
incentives
Program Objectives
→Increase equitable EV
adoption among low-income and
multifamily residents
→Deliver targeted education that
addresses the needs of these
residents
Item 6
PRESENTATION
SILICON VALLEY
CLEAN ENERGY
5 SVCE EV Rebate
Launched: Oct 2024
Program Goal: 600 EVs
Program Budget: $1.5M
Customer Eligibility: Income-qualified SVCE customers
(<80% AMI or enrolled in a qualified public assistance program) svcleanenergy.org/ev-rebate/
Instant rebate at a local
participating dealership OR Post-purchase rebate
How It Works:
Free one-on-one EV support through Go Electric Advisor
Vehicle Eligibility: New or used EV or plug-in hybrid EV Stackable with federal, state, and regional incentives
Item 6
PRESENTATION
EV Rebate Now Available!
6 EV Education in our Community
November 2nd
@12-7pm
Gilroy
November 9th
@11am-1pm
Gilroy High School
January 23rd @6-7pm
Online
In partnership with Acterra, SVCE is sponsoring EV education events, including:
Coming Soon: 2nd EV Expo
(Date TBD)
Item 6
PRESENTATION
La Ofrenda Festival
ELECTRIC VEHICLE EXPO
Electric Vehicle
Financial Incentives
VIRTUAL
WORKSHOP
7 What’s Next?
1. Continue to promote the rebate to
eligible customers
2. Continue targeted outreach and
education in lower adoption
communities
3. Continue building local EV dealership
relationships and networks
4. Track participation metrics and
feedback from community members
Photos from La Ofrenda
Festival EV Expo in Gilroy
on 11/2/24 and Gilroy High
School Lunch and Learn on
11/9/24
Item 6
PRESENTATION