HomeMy WebLinkAbout15, 2018 Purchase Power Budget vs Actual Year in Review
WORKSHOP ITEM #152018 Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals March 6, 2019
2018 Forecast purchase power costs•Proposed resources•Future renewable resources•Diversified power supply plan•Conservation as first resource•Renewable Portfolio Standard (RPS) target,
State requirement•Mission statement and objectives•by Board on November 15, 2017Approved •FY18 & FY19 Budget included the Purchase Power Plan•BACKGROUND / HISTORY Purchase Power Budget
vs Actuals2018 Purchase Power Budget vs Actuals
2018 MWhFY18 Plan was based on a forecast of 165,095 •FY18 Purchase Power Plan included•BACKGROUND / HISTORY Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 Reduced purchase power costs to $68.75 MWh, 11.6% under budget•rateDecrease to NV Energy’s transmission
•Refinanced Horse Butte Wind project bonds to lower rate•net gain to Districtinto market for Excess generation sold •winterto mild Reduction in energy usage due •Resource costs and
energy consumption were less than forecasted•Summary Budget vs Actual FY18•
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 Budgeted vs Actual purchase power cost for FY18•
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 Budgeted vs Actual monthly MWh consumption for FY18•
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 2018 peak load was 36.2 MW in December•Monthly Peak MW for 2009 through 2018•
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 2003 to 2018–MWh’sHistory of Actual vs Budget vs Sales •
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 Actual Purchase Power Resources used for FY18•
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 2030–Resources (MWh) by Year 2014 •
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 60% RPS; 2030thru 2028 •2027; 50% RPSthru 2025 •2024; 44% RPSthru 2021 •2017 thru 2020;
33% RPS•2014 thru 2016; 25% RPS•2011 thru 2013; 20% RPS•RPS compliance periods and targets•free resources-remaining 40% from carbon2030 and mandates the % by 60RPS to 2018, SB100
increased In •In 2015, SB350 increased RPS to 50% by 2030•2 (2011) setting an RPS of 33% by 2020-Bill X1) requirements began with Senate Renewable Portfolio Standard (RPS•
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 and District usepumping excludes water ” “retail salesdefinition of CEC •Energy Commission (CEC)is
based on retail energy sales as defined by the California RPS •FY19quarter nd during 2finalized REC amounts •Estimated RPS performance for FY18•
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 starting in 2021 have not been determined by CARBallocations Allowance •Cap and Trade has been
extended to 2030 by AB398 (2017)•project Butte Wind In FY19, $1,186,320 allocated to Horse •Allowance revenues offset purchase of renewable resources•CARB Cap and Trade Summary•
FISCAL IMPACT Actual for FY18vs Summary Budget •ActualsPurchase Power Budget vs 2018 ActualsPurchase Power Budget vs 2018
RECOMMENDATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 Receive this report and provide comments•
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 2.5%-Average difference over 14 years is +/•MWhs–vs. Budgeted Energy Purchases Actual •
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 2.6%-Average change in sales over 14 years is +/•MWhs-Sales to Customers Energy •
NEW INFORMATION Purchase Power Budget vs Actuals2018 Purchase Power Budget vs Actuals2018 Average loss per year is 4.9%•MWhs-System Losses Distribution •