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CLEANENERGY DC OMNIBUS AMENDMENT ACT OF 2018

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Presentation on theme: "CLEANENERGY DC OMNIBUS AMENDMENT ACT OF 2018"— Presentation transcript:

1 CLEANENERGY DC OMNIBUS AMENDMENT ACT OF 2018
Cary B. Hinton Policy Advisor to Chairman Phillips

2 December 4, 2017 – DC Mayor Bowser
Commits to: Reduce Greenhouse Gas Emissions by 50% Below 2006 Levels by 2032 Carbon Neutrality by 2050

3 TITLE I. RENEWABLE ENERGY.
TITLE II. ENERGY EFFICIENCY. TITLE III. BUILDING ENERGY PERFORMANCE STANDARDS & BENCHMARKING. TITLE IV. SUSTAINABLE ENERGY INFRASTRUCTURE CAPACITY BUILDING & PIPELINE PROGRAM. TITLE V. TRANSPORTAION EMISSION REDUCTION.

4 CLEAN & AFFORDABLE ENERGY ACT OF
2008: RENEWABLE ENERGY PORTFOLIO = 20% from Tier 1 Renewable Sources w/ 2.5% Solar Energy

5 ACT : INCREASES RENEWABLE ENERGY PORTFOLIO 2032 TO 100% from Tier 1 Renewable Sources w/ 5.5% Solar Energy @ 2041 Solar Carve Out = 10%

6 BILL : IN 2020 Electricity Suppliers SHALL Obtain 26% of Supply thru Long-Term (7 years +) PPAs w/ Tier 1 Renewable Energy Sources

7 BILL : @ % of Supply thru Long-Term PPAs w/ Renewable Energy Sources

8 BILL : @ % of Supply & 70% of RECs thru Long-Term PPAs w/ Renewable Energy Sources

9 ACT : No Such Requirements!

10 Amended BILL : @ % of SOS Electricity Supply thru Long-Term (7 years +) PPAs w/ Tier 1 Renewable Energy Sources

11 ACT : No Such Requirement!

12 ACT : Increases SETF Fees

13 NATURAL GAS SUPPLIERS:
FY 2019 = $ /therm FY FY 2026 = $0.4515 FY FY 2031 $ FY = $0.0263

14 ELECTRICITY SUPPLIERS:
FY 2019 = $ /kWh FY 2020 = $ FY = $

15 ACT : Limits Purchase of RECs to the PJM Interconnection Region States

16 CLEAN & AFFORDABLE ENERGY ACT OF
2008: Alternative Compliance Fee = thru 2032 & 5 Cents Thereafter

17 ACT : New Alternative Compliance Fee = thru 2041 & 10 Cents Thereafter

18 ACT : Changes the Deadline for Payment of the RPS Alternative Compliance Fee to November 1

19 ACT : PSC Supervision of Public Utilities Shall Include “the preservation of environmental quality, including effects on global climate change and the District’s public climate commitments.”

20 THANK YOU


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