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HomeMy WebLinkAboutStaff Report 6463 City of Palo Alto (ID # 6463) City Council Staff Report Report Type: Informational Report Meeting Date: 1/25/2016 City of Palo Alto Page 1 Council Priority: Environmental Sustainability Summary Title: Annual Report on Renewable and Carbon Neutral Electricity Supplies Title: Annual Review of the City’s Renewable Procurement Plan, Renewable Portfolio Standard Compliance, and Carbon Neutral Electric Supplies From: City Manager Lead Department: Utilities Request This is an informational report and requires no Council action. Executive Summary Palo Alto’s City Council established a goal to provide at least 33% of the City’s electricity needs from renewable energy resources by 2015, a goal that exceeds the interim annual procurement requirements under California’s Renewable Portfolio Standard (RPS) mandate of 50% by 2030. The City has also adopted a Carbon Neutral Plan, which led to the achievement of a carbon neutral electric supply portfolio starting in 2013. In December 2011, the Council also formally adopted an RPS Procurement Plan and Enforcement Program that recognizes certain elements of the state’s RPS law applicable to publicly owned utilities. The RPS Enforcement Program requires the Utilities Director to conduct an annual review of the Electric Utility’s compliance with the procurement targets set forth in the City’s RPS Procurement Plan. This staff report satisfies the reporting requirements of the City’s RPS Enforcement Program, and also includes an update on the City’s renewable energy goals set forth in its Long-term Electric Acquisition Plan (LEAP). The City is currently on track to meet its objectives under the RPS Procurement Plan and the Carbon Neutral Plan, and will meet the LEAP RPS objective for 2015 so long as unbundled renewable energy certificates (RECs) are counted toward this goal. However, with additional contracted renewable energy supplies coming on line in 2016, the City’s RPS is expected to be over 42% in 2016 and 57% by 2017 with no use of RECs. City of Palo Alto Page 2 Background The City currently has three procurement targets related to renewable and carbon neutral electricity contained in three different plans:  LEAP Renewable Energy Goal (33% by 2015): The City’s first renewable energy goal is contained in LEAP: procuring renewable electricity supplies equal to at least 33% of retail sales starting in 2015, with no more than a 0.5 cents per kilowatt-hour (¢/kWh) impact on rates. LEAP was last updated in April 2012 (Staff Report 2710, Resolution 9241) to clarify that the 33% goal is a minimum and renewable energy supplies beyond the 33% level should be pursued as long as the aggregate rate impact does not exceed the 0.5 cent per kilowatt-hour (¢/kWh) limit.  RPS Procurement Plan (33% by 2020): The second goal is contained in the RPS Procurement Plan that the City was required to adopt under Section 399.30(a) of California’s Public Utilities Code. This was adopted in December 2011 (Staff Report 2225, Resolutions 9214 and 9215) and updated in November 2013 (Staff Report 4168, Resolution 9381). The RPS Procurement Plan and Enforcement Program complement each other: the Procurement Plan sets forth procurement targets, while the Enforcement Program specifies the reporting and monitoring that is required of the Utilities Director while working to achieve those targets. The procurement requirements in the City’s RPS Procurement Plan are that the City achieve renewable supplies equal to 33% of retail sales by 2020, which is in line with the state’s RPS mandate but less ambitious than the City’s LEAP goals (33% by 2015). The RPS Procurement Plan also contains interim targets for three separate periods (2011- 2013, 2014-2016, and 2017-2020), which are not part of the City’s LEAP goal. The reason the City adopted the less ambitious state-mandated levels for the official compliance plan is because the City would face penalties for failing to meet the state targets, but the City’s achievement of its more ambitions LEAP targets is not subject to state enforcement procedures.  Carbon Neutral Plan (100% Carbon Neutral Electricity by 2013): The Carbon Neutral Plan was adopted in March 2013 (Resolution 9322, Staff Report 3550), and requires that the City procure a carbon neutral electric supply portfolio starting in calendar year (CY) 2013. In the long term, this goal is expected to be achieved primarily through purchases made under the City’s long-term renewable power purchase agreements (PPAs) and output from its hydroelectric resources. But until the contracted long-term renewable resources are all constructed and operating (and in dry hydro years when hydroelectric resources are lower than expected), carbon neutrality may be achieved through the purchase of RECs to offset fossil fuel-based market power purchases. City of Palo Alto Page 3 Discussion LEAP Renewable Energy Goals Due to delays in the development of the first two of the City’s long-term solar PPAs, staff estimates that renewable electricity supplies from its long-term PPAs will fall slightly short of meeting the LEAP RPS goal of at least 33% of retail sales by 2015. (Current estimates project renewable electricity supplies from long-term resources equaling 28.2% of retail sales for 2015.) However, the LEAP Renewable Energy Goal includes all supplies deemed “eligible” under the state’s RPS eligibility criteria, not just generation from long-term resources. Therefore, the City will far exceed LEAP’s 33% RPS target in 2015 if the RPS-eligible RECs that are procured under the Carbon Neutral Plan are counted. In CY 2016, when three more solar resources under long-term PPAs are expected to come on line, staff projects that renewable electricity supplies will equal 40.1% of retail sales. Further, in CY 2017, renewable supplies are projected to be 57.5% of retail sales (55.5% of total supply). Table 1 shows the renewable resources currently under contract, the status of the projects, their annual output in Gigawatt-hours (GWh), and the rate impact of each resource that was calculated at the time it was added to the electric supply portfolio. Table 1: Summary of Contracted Renewable Electricity Resources Resource Delivery Begins Annual Generation (GWh) Rate Impact (¢/kWh) Small Hydro Before 2000 10.0 0 High Winds Dec. 2004 48.2 0.013 Shiloh I Wind Jun. 2006 64.5 (0.043) Santa Cruz Landfill Gas (LFG) Feb. 2006 9.9 0.003 Ox Mountain LFG Apr. 2009 43.9 (0.039) Keller Canyon LFG Aug. 2009 14.9 (0.020) Johnson Canyon LFG May 2013 10.4 0.061 San Joaquin LFG Apr. 2014 30.3 0.133 Kettleman Solar Jul. 2015 53.5 0.094 Hayworth Solar Dec. 2015 63.7 0.024 Total Operating Resources 349.3 0.225 Elevation Solar C Jul. 2016 100.8 (0.041) W. Antelope Blue Sky Ranch B Solar Jul. 2016 50.4 (0.002) Frontier Solar Jul. 2016 52.5 0.010 Palo Alto CLEAN Program @ 3 MW Cap TBD 5.1 0.027 Total Non-Operating Resources 208.8 (0.006) Total Committed Resources 558.0 0.219 RPS Procurement Plan Compliance Annually, the Utilities Director reviews the City of Palo Alto Utilities’ (CPAU’s) RPS Procurement Plan to determine compliance with the state’s RPS Program. Under the state’s RPS Program, the City of Palo Alto Page 4 California Energy Commission (CEC) developed portfolio balancing requirements, which dictate what percentage of renewable procurement must come from resources interconnected to a California Balancing Area (as opposed to an out-of-state transmission grid balancing area). These requirements also determine the eligibility criteria for renewable resource products as determined by their eligible Portfolio Content Categories1, found in the CEC Enforcement Procedure RPS (CA Code of Regulations, Title 20, Section 3203). The CEC Enforcement Procedures apply to publicly-owned utilities (POUs), such as CPAU. In accordance with the state’s RPS Program requirements, CPAU’s RPS Procurement Plan develops a renewable electric supply portfolio that balances environmental goals with system reliability while maintaining stable and low retail electric rates. The state’s RPS program requires retail electricity suppliers like CPAU to procure progressively larger amounts of renewable electricity supplies across three separate Compliance Periods, as outlined below. 1. Compliance Period 1 (2011 – 2013) For Compliance Period 1 (2011-2013) retail electricity providers were required to procure renewable electricity supplies equaling 20% of total retail sales, which CPAU did. In this period, CPAU supplied 21.4% of the City’s retail electricity sales volumes from renewable energy sources. The procurement results for Compliance Period 1 are displayed in Table 2 below: Table 2: Compliance Period 1 Procurement Results Year Retail Sales (MWh) Procurement Target (MWh)* Actual Procurement (MWh) % of Retail Sales 2011 949,517 189,903 207,974 21.9% 2012 935,021 187,004 200,621 21.5% 2013 953,235 190,647 199,145 20.9% TOTAL 2,837,773 567,555 607,740 21.4% * Annual procurement targets are “soft” targets. The RPS Procurement Plan requires that the target be met for the compliance period as a whole, not in each year of the compliance period. All of the renewable energy procured in Compliance Period 1 came from resources whose contracts were executed before June 1, 2010. The RPS Procurement Plan considers these contracts “grandfathered,” and since all of the renewable energy procurement for Compliance Period 1 was from these types of contracts, there was no need to meet the Portfolio Balancing Requirements included in Section B.4 of the RPS Procurement Plan. 1 RPS Portfolio Content Categories are defined as follows: Category 1 is energy and RECs delivered to a California Balancing Authority (CBA) without substituting electricity from another source, Category 2 is energy and RECs that cannot be delivered to a CBA without substituting electricity from another source, and Category 3 is unbundled RECs. City of Palo Alto Page 5 2. Compliance Period 2 (2014 – 2016) In Compliance Period 2, renewable procurement must equal or exceed the sum of the three annual RPS procurement targets described by the following equations: 2014 RPS Target = 20% × (Retail Sales in 2014) 2015 RPS Target = 20% × (Retail Sales in 2015) 2016 RPS Target = 25% × (Retail Sales in 2016) As shown in Table 3 below, CPAU is projected to easily exceed this mandated procurement level as well. Renewable electricity procurement is projected to equal 31% of retail sales for Compliance Period 2. Table 3: Compliance Period 2 Procurement Target Year Retail Sales (MWh) Procurement Target (MWh)* Actual/Projected Procurement (MWh) % of Retail Sales 2014 953,386 190,677 210,250 22.1% 2015 967,261 193,452 273,887 28.3% 2016 985,766 246,442 421,501 42.8% TOTAL 2,906,413 630,571 905,638 31.2% * Annual procurement targets are “soft” targets. The RPS Procurement Plan requires that the target be met for the compliance period as a whole, not in each year of the compliance period. Also in Compliance Period 2, the RPS Portfolio Balancing Requirements will apply to the procurement levels described above. The specific requirements are: (1) CPAU must procure at least 65% of its renewable supplies from Portfolio Content Category 1, and (2) no more than 15% from Portfolio Content Category 3 (unbundled RECs). Staff projects that CPAU will easily meet the Compliance Period 2 overall procurement requirement and the RPS Portfolio Balancing Requirement with existing renewable energy supplies, combined with the output from the five solar projects coming online before 2017, as shown in Table 1. 3. Compliance Period 3 (2017 – 2020) For Compliance Period 3, CPAU is required to supply at least 27% of its retail sales volume from renewable resources in 2017, with that level increasing by 2% each year until reaching 33% in 2020, as described by the following equations: 2017 RPS Target = 27% × (Retail Sales in 2017) 2018 RPS Target = 29% × (Retail Sales in 2018) 2019 RPS Target = 31% × (Retail Sales in 2019) 2020 RPS Target = 33% × (Retail Sales in 2020) With all five of the City’s solar contracts expected to come online by the end of 2016, as, shown in Table 1, CPAU is expected to easily comply with the Compliance Period 3 overall City of Palo Alto Page 6 procurement requirement, as well as the Portfolio Balancing Requirement that at least 75% of the renewable electricity supplies come from Portfolio Content Category 1 and no more than 10% come from Portfolio Content Category 3. Staff projects that renewable electricity supplies will satisfy 57% of retail sales for Compliance Period 3, and that all of these supplies will come from either Portfolio Content Category 1 or “grandfathered” resources. As required by the CEC RPS Enforcement Procedures and Section D of the City’s Procurement Plan, staff reported all of the above information to the CEC in May 2015 (Attachment A). Carbon Neutral Plan With the purchase of unbundled RECs in June 2015 to offset the CY 2014 market power purchases, CPAU achieved its goal, set forth in the Carbon Neutral Plan, of an electric supply portfolio with zero net greenhouse (GHG) emissions for the second year in a row. Along with the purchase of RECs, carbon neutrality was achieved in CY 2014 through existing hydro and renewable generation (landfill gas and wind). As in CY 2013, the amount of carbon neutral generation was lower than expected due to the ongoing severe drought limiting hydroelectric output. This resulted in a higher volume of purchases of market power and the offsetting RECs. The carbon content of CPAU’s electric supply portfolio for CY 2014 is undergoing a formal verification process at this time. Third-party verification is not a state requirement, but is good practice to maintain public confidence in the City’s claims of carbon neutrality. For CY 2015 staff projects that roughly 51% of the City’s electric supply resources will be from carbon-free generating sources, with the remainder being procured through market purchases. In early 2016, staff will establish the actual carbon content of the 2015 supply portfolio, and will procure RECs to offset the remainder of the portfolio’s emissions, in accordance with the City’s adopted emissions calculation protocol (Staff Report 3194). Assuming that the projects listed in Table 1 that are still being developed come online in 2016 and the ongoing drought finally comes to an end, by 2017 CPAU’s entire electric supply portfolio is expected to be sourced from carbon neutral resources under the City’s long-term contracts (see Figure 1 below). City of Palo Alto Page 7 Figure 1: CPAU Carbon Neutral Supply Resources Next Steps In October 2015, Governor Brown signed Senate Bill 350 (SB 350), the "Clean Energy and Pollution Reduction Act of 2015" which establishes targets to increase retail sales of renewable electricity to 50% by 2030. Specifically, SB 350 establishes an RPS target of 50% by December 31, 2030, and thereafter, including interim targets of 40% by the end of the 2021 to 2024 compliance period, 45% by the end of the 2025 to 2027 compliance period, and 50% by the end of the 2028 to 2030 compliance period. CPAU will need to update its RPS Procurement Plan and Enforcement Program to be consistent with the new state requirements. Policy Implications This report implements the City’s RPS Enforcement Program, which require an annual review of the Electric Utility’s compliance with the CPAU RPS Procurement Plan to ensure that CPAU is making reasonable progress toward meeting the December 31, 2016 compliance obligation of 25% of retail sales with eligible renewable resources, consistent with the CPAU RPS Procurement Plan. City of Palo Alto Page 8 Environmental Review This report does not meet the definition of a “project” pursuant to Public Resources Code Section 21065, thus California Environmental Quality Act review is not required. Attachments:  Attachment A: City of Palo Alto Report to CEC on RPS Compliance for Calendar Year 2014 (PDF) STATE OF CALIFORNIA Compliance Report Form for Local Publicly Owned Electric Utilities CEC-RPS-POU (Revised 05/2015) CALIFORNIA ENERGY COMMISSION CEC-RPS-POU May 2015 Annual RPS Report: Accounting To be completed annually. Input Required Actual Data Forecasted Data Actual Annual RPS Procurement and Percentages (MWh)2014 2015 2016 Annual Retail Sales 953,386.000 967,261.000 985,766.000 Annual RPS Procurement Retired 210,250.000 273,887.000 421,501.000 Soft Targets 20.00%20.00%25.00% Procurement Target (MWh)2014 2015 2016 Procurement Target Category 0 RECs Retired 210,250.000 222,086.000 222,542.000 Category 1 RECs Retired 0.000 51,801.000 198,959.000 Pre-June 1, 2010 Category 1 RECs Retired1 0.000 0.000 0.000 Category 2 RECs Retired 0.000 0.000 0.000 Pre-June 1, 2010 Category 2 RECs Retired2 0.000 0.000 0.000 Category 3 RECs Retired 0.000 0.000 0.000 Pre-June 1, 2010 Category 3 RECs Retired3 0.000 0.000 0.000 Total RECs Retired (Compliance Period) 630,570.900 905,638.0000 Compliance Period 2 Compliance Period 2 Forecasted ATTACHMENT A STATE OF CALIFORNIA Compliance Report Form for Local Publicly Owned Electric Utilities CEC-RPS-POU (Revised 05/2015) C A L IF O R N IA E N E R G Y C O M M IS S IO N CEC-RPS-POU May 2015 RPS Compliance Period Report: Accounting To be completed at the end of each compliance period. Input Required Actual Data Annual RPS Procurement and Percentages (MWh)2014 2015 2016 Annual Retail Sales 953,386.000 967,261.000 985,766.000 Annual RPS Procurement Retired 210,250.000 273,887.000 421,501.000 Soft Targets 20.00%20.00%25.00% Procurement Target (MWh)2014 2015 2016 Procurement Target Category 0 RECs Retired 210,250.000 222,086.000 222,542.000 Category 1 RECs Retired 0.000 51,801.000 198,959.000 Pre-June 1, 2010 Category 1 RECs Retired 0.000 0.000 0.000 Category 2 RECs Retired 0.000 0.000 0.000 Pre-June 1, 2010 Category 2 RECs Retired 0.000 0.000 0.000 Category 3 RECs Retired 0.000 0.000 0.000 Pre-June 1, 2010 Category 3 RECs Retired 0.000 0.000 0.000 Historic Carryover (HCO) Applied1 Total RECs Retired Including HCO Total RECs Retired for the Compliance Period 905,638.000 905,638.000 Compliance Period 2 Compliance Period 2 Actual 0.000 630,570.900 STATE OF CALIFORNIA Compliance Report Form for Local Publicly Owned Electric Utilities CEC-RPS-POU (Revised 05/2015) C A L IF O R N IA E N E R G Y C O M M IS S IO N CEC-RPS-POU May 2015 Portfolio Balance Requirements (MWh)Total Retired Applied to Target2 Potential Excess Category 0 RECs Retired 654,878.000 654,867.000 11.000 Historic Carryover Applied 0.000 0.000 n/a Category 1 RECs Retired 250,760.000 250,760.000 0.000 Pre-June 1, 2010 Category 1 RECs Retired 0.000 0.000 0.000 Category 2 RECs Retired 0.000 0.000 0.000 Pre-June 1, 2010 Category 2 RECs Retired 0.000 0.000 0.000 Category 3 RECs Retired 0.000 0.000 n/a Pre-June 1, 2010 Category 3 RECs Retired 0.000 0.000 n/a Total RECs applied to the Target Category 1 Balance Requirement Category 3 Balance Limitation Disallowed Category 3 RECs Additional Procurement (MWh)Starting Balance Applied to Current Compliance Period Accumulated in Current Compliance Period Remaining Balance Total Excess Procurement 0.000 0.000 11.000 11.000 Excess Category 0 RECs 0.000 0.000 0.000 0.000 Excess Category 1 RECs 0.000 0.000 0.000 0.000 Excess Pre-June 1, 2010 Cat. 1 RECs 0.000 0.000 0.000 0.000 Excess Category 2 RECs 0.000 0.000 0.000 0.000 Excess Pre-June 1, 2010 Cat. 2 RECs 0.000 0.000 0.000 0.000 Total Historic Carryover6 368,756.957 0.000 n/a 368,756.957 0.000 Compliance Period 2 905,627.000 0.000 0.000 STATE OF CALIFORNIA Compliance Report Form for Local Publicly Owned Electric Utilities CEC-RPS-POU (Revised 05/2015) C A L IF O R N IA E N E R G Y C O M M IS S IO N CEC-RPS-POU May 2015 RPS Procurement Enforcement (MWh)2014 2015 2016 Deficit of RECs Necessary to Meet Target Deficit of RECs Necessary to Meet PCC 1 Portfolio Balance Requirement Total RECS retired, less disallowed PCC 3 905,638.000 Cost Limitations No Procurement Target 630,570.900 Delay of Timely Compliance No Potential Excess 11.000 Reduction of PCC 1 No Short-Term RECs8 0.000 Excess RECs Eligible 11.000 Excess Category 0 RECs 0.000 Excess Category 1 RECs 0.000 Excess Pre-June 1, 2010 Category 1 RECs 0.000 Excess Category 2 RECs 0.000 Excess Pre-June 1, 2010 Category 2 RECs 0.000 Other Optional Compliance Measures Applied Yes/NoExcess Procurement Calculation (MWh)7 Compliance Period 2 0.000 0.000 Compliance Period 2