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HomeMy WebLinkAbout11 Renewable Energy Market Agenda Item # I I TRUCKEE DONNER WORKSHOP To: Board of Directors From: Stephen Hollabaugh Date: February 16, 2011 Subject: Review of Renewable Energy Market 1. WHY THIS MATTER IS BEFORE THE BOARD Board requested a review of the renewable energy market and the District's energy position. 2. HISTORY Renewable Portfolio Standard (Excerpt) - TDPUD • At such time that projected resources do not exceed projected demand, TDPUD will strive to include qualifying-resources to meet projected demand. • Truckee Donner PUD resource mix will have a minimum of 21% of renewable resources by 2010. Renewable resources are defined as non-fossil fueled electric generating resources, including hydroelectric. Conservation is considered first resource for all new energy purchases. District forecast assumes that load increases by 1% annually over the next three years. Conservation is expected to account for 1-3% of total load, therefore conservation will offset growth that would otherwise require additional resources. The District forecasted load will be flat and conservation will account for any growth the District may have. The Districts RPS standard is met, in part, by purchases of renewable energy and renewable energy credits. 3. NEW INFORMATION TDPUD Energy Resource Mix: The chart below shows that the District is projected to be fully resourced while meeting the State and Board's RPS goals while keeping rates stable. Energy Resource Mix lt ► .? wnr._ a Pod Purchases Natural Gas,Nebo m lone Bute,Wind f a Pleasant Valley VWnd a Carl{Chu Staff -Sm Hydro N 5-Year Purchase s Review of Renewable Energy Market The tables below describe the commercially available technologies that are available today and the emerging technologies being developed in the renewable energy market with the costs associated with those varying technologies. These average costs have taken from a NCPA 2009 cost report. Generally, the overall costs of renewables is very high. However, The District has been very careful to choose renewable resources that do not effect the overall energy costs to our customers. Review of Technologies • Commercially Available Technologies Description of Technology PPA Cost $/MWh Dairy Anaerobic Digester $155 Biomass Fluidized Bed Boiler $127 Land Fill Gas $ 73 Waste Water Anaerobic Digester $ 86 Geothermal Binary $114 Geothermal Flash $111 Solar PV, Single Axis Tracking Crystalline $324 Solar PV, Fixed Tilt Crystalline $406 Solar Thermal, Parabolic Trough $236 Wind Class 5 Resource $ 91 Wind Class 5 Resource $ 61 • Emerging Technologies Description of Technology PPA Cost $/MWh Biomass I GCC $102 Solar PV, Thin Film $153 Solar PV, Concentrating $236 Solar Thermal, Sterling Dish $346 Solar Thermal, CFLR $109 Solar Central Power Tower $174 Future Renewable Opportunity Salt Lake landfill gas generation City of Murray. Terms: Seller: Murray City Buyer: Truckee Donner PUD Resource: Salt Lake Land Fill Gas Generation including REC's Term: 2011-2016 Amount: 70% of output (Approx. 2 MW total capacity) Price: Seasonal, ranging from $63.80 to $72.66/MWh When evaluating this opportunity the District should consider: • Length of the Salt Lake landfill gas generation; • Senate Bill, SBX12, increasing RPS to 33% by 2020; • Market energy prices; • Renewable energy prices; and • % renewables within the District is portfolio. 4. FISCAL IMPACT There is no fiscal impact associated with this workshop. 5. RECOMMENDATION Receive input from the Board. Continue to monitor renewable resources available through DAMPS. 6tephen HollabaugVZ' Mic ael D. Holley Assistant General Manager General Manager