KEN PAYNE RI SENATE POLICY OFFICE LEAST COST

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KEN PAYNE RI SENATE POLICY OFFICE LEAST COST PROCUREMENT CREATING OPPORTUNITY

KEN PAYNE RI SENATE POLICY OFFICE LEAST COST PROCUREMENT CREATING OPPORTUNITY

LEAST COST PROCUREMENT “ COMPREHENSIVE ENERGY CONSERVATION, EFFICIENCY AND AFFORDABILITY ACT OF 2006 ”

LEAST COST PROCUREMENT “ COMPREHENSIVE ENERGY CONSERVATION, EFFICIENCY AND AFFORDABILITY ACT OF 2006 ” • Builds on URA of 1996 • Reconfigures institutional architecture • Respects diversity of interests • Treats efficiency economically • Facilitates development of renewables • Provides low-income energy assistance

LEAST COST PROCUREMENT CREATING OPPORTUNITY • RESPECTING CONTEXT (REGIONAL AND NATIONAL) • VALUING DIVERSITY

LEAST COST PROCUREMENT CREATING OPPORTUNITY • RESPECTING CONTEXT (REGIONAL AND NATIONAL) • VALUING DIVERSITY (ENERGY RESOURCES) • LEVELING PLAYING FIELD (GENERATION/EFFICIENCY) • EMBRACING FLEXIBILITY (CONDITIONS CHANGE)

LEAST COST PROCUREMENT D I VERSITY L C E O N T F X

LEAST COST PROCUREMENT D I VERSITY L C E O N T F X OPPORTUNITY I B E I X L T I FAIRNESS T Y

LEAST COST PROCUREMENT OPPORTUNITY = EQUAL CONSIDERATION • EFFICIENCY PROCUREMENT • SUPPLY PROCUERMENT RECURRING

LEAST COST PROCUREMENT OPPORTUNITY = EQUAL CONSIDERATION • EFFICIENCY PROCUREMENT • SUPPLY PROCUERMENT RECURRING CONSIDERATION • TRIENNIAL REVIEW

LEAST COST PROCUREMENT EQUAL CONSIDERATION FROM SUBSIDY MODEL URA: Demand Side Management surcharge Fund

LEAST COST PROCUREMENT EQUAL CONSIDERATION FROM SUBSIDY MODEL URA: Demand Side Management surcharge Fund cost effective investment TO ECONOMIC MODEL LCP: Efficiency and Conservation Measures: 1) prudent, 2) reliable and 3) lower cost than acquisition of supply

LEAST COST PROCUREMENT TRANSITION DSM 2013 2006 2020 2008 LEAST COST PROCUREMENT

LEAST COST PROCUREMENT TRANSITION DSM 2013 2006 2020 2008 LEAST COST PROCUREMENT

LEAST COST PROCUREMENT BASIC PRINCIPLE: PRICE x USE = COST EFFICIENT USE SYSTEM BENEFITS

LEAST COST PROCUREMENT BASIC PRINCIPLE: PRICE x USE = COST EFFICIENT USE SYSTEM BENEFITS USER BENEFITS

LEAST COST PROCUREMENT “ THE COMPREHENSIVE ENERGY CONSERVATION, EFFICIENCY AND AFFORDABILITY ACT OF 2006

LEAST COST PROCUREMENT “ THE COMPREHENSIVE ENERGY CONSERVATION, EFFICIENCY AND AFFORDABILITY ACT OF 2006 ” Kenneth F. Payne, Director RI Senate Policy Office 145 State House Providence, RI 02903 (401) 276 -5552 [email protected] state. ri. us