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NEXT-GEN ENERGY A Balanced Approach To Massachusetts’ Energy Future Governor Mitt Romney

NEXT-GEN ENERGY A Balanced Approach To Massachusetts’ Energy Future Governor Mitt Romney. MASSACHUSETTS’ ENERGY CHALLENGES 2006-2016. NEXT-GEN ENERGY. Next-Gen Energy is a Plan to Control Our Energy Future: Reduce consumption Increase and diversify supply through renewable energy

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NEXT-GEN ENERGY A Balanced Approach To Massachusetts’ Energy Future Governor Mitt Romney

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  1. NEXT-GEN ENERGY A Balanced Approach ToMassachusetts’ Energy Future Governor Mitt Romney

  2. MASSACHUSETTS’ ENERGY CHALLENGES 2006-2016

  3. NEXT-GEN ENERGY Next-Gen Energy is a Plan to Control Our Energy Future: • Reduce consumption • Increase and diversify supply through renewable energy • Fix our infrastructure problems • Promote an advanced energy technology sector

  4. STEP 1:REDUCE OUR ENERGY CONSUMPTION

  5. REDUCING CONSUMPTION TAKES A MAJOR STEP TOWARDS CLOSING OUR GAP Incre-mental New Peak MWs of Gene-rating Capacity Peak Demand Growth Megawatts Contributed by Energy Resources in the Plan Time-of-Day Pricing-Res. & Sm. Bus. Real-Time Pricing-Lg. Businesses Negawatts Market Conservation Lottery

  6. Step 2:INCREASE SUPPLY: DIVERSIFY THROUGH RENEWABLE ENERGY

  7. Step 2:INCREASE SUPPLY: DIVERSIFY THROUGH RENEWABLE ENERGY (cont.) * Nameplate capacity

  8. RENEWABLES: A REALISTIC COMPONENT OF OUR FUTURE ENERGY SUPPLY Megawatts Contributed by Energy Resources in the Plan Incremental New Peak MWs of Generating Capacity Peak Demand Growth

  9. Step 3:FIX OUR INFRASTRUCTURE PROBLEMS – DISTRIBUTED GENERATION

  10. DISTRIBUTED GENERATION INFRASTRUCTURE HELPS CLOSE THE GAP Incremental New Peak MWs of Generating Capacity from Distributed Generation Peak Demand Growth Megawatts Contributed by Energy Resources in the Plan

  11. Step 4:LEAD THE NATION IN ADVANCED ENERGY TECHNOLOGIES AND CREATE JOBS

  12. ADVANCED ENERGY TECHNOLOGIES COULD MAKE A MAJOR CONTRIBUTION:EXAMPLE – DEEPWATER OFFSHORE WIND Incremental New Peak MWs of Generating Capacity Megawatts Contributed by Energy Resources in the Plan Peak Demand Growth

  13. THESE FOUR STEPS ARE A BALANCED APPROACH TO OUR ENERGY FUTURE Megawatts Contributed by Energy Resources in the Plan Our Plan’s total contribution of energy resources stays ahead of growing demand for electricity Wind – Deepwater Offshore Time-of-Day Pricing-Res/ Sm. Bus. Wind – Shallow Water MWs of Generating Capacity Projected peak MW demand curve Wind on State Property Real-Time Pricing-Lg. Businesses Hydropower Wind – Accl. Private Biomass Negawatts Market Distributed Generation Conservation Lottery ISO-NE Demand Forecast • 1,423 MW of EE and Demand Response • 1,198 MW of New Generation* * Generation does not include potential of Deepwater Offshore Wind

  14. THESE FOUR STEPS WILL PAY FOR THEMSELVES Annual Costs and Savings Plan yields Net Savings over 10 years of $575 million Benefits Costs Net Costs

  15. TAKING CONTROL OF OUR ENERGY FUTURE

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