state of delaware pilot program for the procurement of solar renewable energy credits
DESCRIPTION
STATE OF DELAWARE PILOT PROGRAM FOR THE PROCUREMENT OF SOLAR RENEWABLE ENERGY CREDITS. Results and Observations from the SREC Procurement Agent. KW Nameplate by Tier. Effective SRECs by Tier. Systems by Tier. Operational vs. Development – KW . Operational vs. Development – Effective SRECS . - PowerPoint PPT PresentationTRANSCRIPT
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STATE OF DELAWAREPILOT PROGRAM
FOR THE PROCUREMENT OFSOLAR RENEWABLE ENERGY CREDITS
Results and Observations from the SREC Procurement Agent
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KW Nameplate by Tier
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Effective SRECs by Tier
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Systems by Tier
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Operational vs. Development – KW
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Operational vs. Development – Effective SRECS
Total “stranded” operational annual effective SRECs across all tiers – 8,148
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Operational vs. Development – Actual SRECS
Total “stranded” operational annual actual SRECs across all tiers – 7,551
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Operational vs. Development – Number of Systems
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Operational vs. Development – Effective SRECS
Only systems with both DE labor/equipment
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Bid Results
Tier 2B Tier 3High $139.00 $176.00Low $120.00 $148.00Weighted Average $130.92 $154.45
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Tier 1 Interconnect Dates
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Interconnect Dates
• Tier 2A – 1 System 3/2011• Tier 2B – 3 Systems 6/2011, 1 System 1/2012• Tier 3 – 1 System 2/2011
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Existing Effective SRECsDPL Will Purchase
(Compliance year beginning June 1, 2011)
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Tier 1 Labor/Equipment SRECs Offered
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Tier 2A Labor/Equipment SRECs Offered
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Tier 2B Labor/Equipment SRECs Offered
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Tier 3 Labor/Equipment
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Existing/Proposed # Systems by Tier
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Existing/Proposed Systems by KW
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Existing/Proposed Systems by Effective SRECs
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Tier 1 All Systems Bid vs. Nameplate
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Tier 2A All Systems Bid vs. Nameplate
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Tier 2B All Systems Bid vs. Nameplate
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Tier 3 All Systems Bid vs. Nameplate
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Histogram of Systems / Owner Representatives
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Procurement Agent Observations
Program Strong Points•Parcel Requirement•Limit on a single system bidding in only one tier•Bid deposits – Significant gaming would have occurred without them.•Force Majeure section well written
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Procurement Agent Observations
System Mechanics•Longer Open Period for Tier 1 and 2A, minimum 2 weeks.•Set additional week to allow receipt of bid deposits – would allow for ACH/check•Eliminate the Owner Representative requirement•Needlessly adds complexity•Owner Rep can still be an option•Firm fixed price contract
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Procurement Agent Observations
Applications•Consider eliminating the following fields:
•Bid Deposit Form•Module Type – Info not used, confusing because changeable•Inverter Type – Info not used, confusing because changeable•Mounting Location – Info not used•First Year energy output – Redundant with SREC output•Other Supplemental Funding – Just need yes/no check
•Consider adding the following fields:•Bid Deposit Form
•Expected existing SRECs to sell•Expected commence date for proposed systems
•Transfer Agreement•Desired contract start date•Desired existing SRECs to sell
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Procurement Agent Observations
Solicitation Design•Add verbiage to cover system additions•Clarify metering definitions•Reexamine production bands (min/max SRECs), current system incentivizes overly optimistic production estimates with no minimum and only 110% maximum•Clearly define other supplemental funding, i.e. does it include low interest loans, tax credits like NMTC?
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Procurement Agent ObservationsSolicitation Design Cont.
•Partial Fills•Do we allow 110% production•Do we allow unfilled portion to bid in future solicitations
•Bidding partial systems that were not partial fills?
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Procurement Agent ObservationsCommon Customer Comments/Complaints
•All existing systems should be eligible•No existing systems should be eligible•Bid deposit is too high, shouldn’t exist