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Renewable Energy Committee's Incentive Design Update

This update from the Renewable Energy Committee provides details on the revised incentive design for renewable energy projects. It emphasizes the need for sustained and orderly development, clear market signals, and adaptive approaches. The design also includes provisions for market services and declining incentive levels over time.

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Renewable Energy Committee's Incentive Design Update

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  1. Renewable Energy Committee Incentive Design Update June 17, 2008 David Hill Renewable Program Planning Advisor Market Management Team

  2. 2009 Incentive Design • Final design contingent on CRA Funding Levels • Sustained Orderly Development • Stable and clear market signal and processes • Adaptive to strength of market growth and response • No Queues • Limited by Annual Budgets

  3. Incentive Design (continued) • Market Manager Incentive Design Brief contains details • Common elements • Market managers to provide market services, including guidance and support for projects not eligible for direct incentives • Incentive levels decline over time

  4. Summary Recommendations – Bio Power

  5. Summary Recommendations – Wind

  6. Summary Recommendations – Solar

  7. Summary Recommendations – Solar(cont.)

  8. 2009 Incentive Design Process • Revise contingent on CRA Funding Levels • Comments to OCE and Market Manager by end of day 6/25 will be considered in revisions to incentive design recommendations • Draft program designs to RE Committee at July RE mtg • Final Plans to Board by Sept

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