Julie Fitch - Investing in Energy Efficiency: Experience from California

Investing in Energy Efficiency: Experience from California Julie A. Fitch Director, Energy Division California Public Utilities Commission Managing Energy Demand – Bern ’09 November 4, 2009

Presentation Overview ,[object Object],[object Object],[object Object],[object Object],[object Object]

California: A long history of investing in clean power and energy efficiency Yesterday… … Today

While the nation’s appetite for electricity has steadily grown, California has become a model of efficiency. ∆ (2005) = 4,000kWh/yr = $400/capita kWh/person United States California Per Capita Electricity Sales (not including self-generation)

Energy Efficiency Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Decoupling: How it works ,[object Object],[object Object],[object Object],[object Object],[object Object]

Decoupling: Why it works ,[object Object],[object Object],[object Object]

Decoupling “PLUS” Utility shareholder incentives ,[object Object],[object Object],[object Object],[object Object]

Risk/Reward Incentive Mechanism basic concepts ,[object Object],[object Object],[object Object]

Energy Efficiency Costs, Energy Savings and Benefits: 2006-08 ,[object Object],[object Object],[object Object],[object Object],[object Object],The Bottom Line: Net Social Benefit = $5.4B - $2.7B = $2.7B Return on Investment = 100% Total Cost: $2.7B Total Benefits: $5.4B

2006-2008 Savings ,[object Object],[object Object]

The California Long Term Energy Efficiency Strategic Plan http://www.CaliforniaEnergyEfficiency.com

2010-2012 Utility Program Goals ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

2010-12 Portfolio Highlights ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Zero Net Energy Buildings ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Other Portfolio Highlights ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Marketing/Brand that engages  moves customers to take action ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Financing Funds - Growing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Economic Impact of Energy Efficiency Programs 2010-2012 ,[object Object],[object Object],[object Object],*Job benefits calculated based on Council of Economic Advisers’ May 2009 publication of “ Estimates of Job Creation from the American Recovery and Reinvestment Act of 2009”

McKinsey and Co’s Compelling Case for Energy Efficiency as U.S. Climate Action ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

California Global Warming Solutions Act of 2006 (AB 32) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

California’s Greenhouse Gas Emissions (480 MMTCO 2 E) Source: CEC Elec. Gen. (Imports) Commercial Residential Transportation Agriculture Industrial Elec. Gen. (In State) CARB 2007

Electricity-Related Emissions: Imports Source: CEC (for electricity sales); CARB (for emissions inventory)

California’s Climate Policy Road Map ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

A Role for GHG Trading… Reduce Demand Choose Cleaner Supplies Stimulate Technological Innovation GHG Trading

… And for Mandatory Measures ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Nearly 40% of reductions from mandates are from electric sector programs 26.4M Electricity/Gas Mandates: 49.7 MMTCO 2 E Total Reductions from 2020 BAU: 169 MMTCO 2 E 2.1M 21.2M Source: CARB Proposed Scoping Plan

California’s Loading Order ,[object Object],[object Object],Mostly command and control mandates Efficiency and Demand Response Renewable Energy Clean and Efficient Fossil-fired Energy

Aggressive EE/GHG Goals ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Climate/EE Policy Issues Ahead for California and the U.S. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Thank You Julie A. Fitch [email_address] www.cpuc.ca.gov

Julie Fitch - Investing in Energy Efficiency: Experience from California

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