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GREENING

EASTHAMPTONS
LOCAL ECONOMY
MIKE GORDON
CEO, JOULE ASSETS
JUNE 15, 2016

COMMUNITY CHOICE
AGGREGATION (CCA)

Relocates authority to designate default energy


supplier(s) from Albany to your local town or

WHY CCA?
Swiss army knife energy policy enables communities to:

Fix energy rates


Procure existing large-scale renewable energy more competitively
Dictate the (contract) terms of energy purchasing
Achieve peak demand reductions
Finance local development (i.e. offshore wind, community solar)
when fossil fuel prices go up through renewable bank
Acquire consumption data for energy planning

CCA BY THE NUMBERS


Over 5 million electric customers nationwide enrolled in a
CCA
New York becomes 6th state with active CCA programs
107,000 currently served by Westchester Power, states first
CCA
Estimated reduction of 300,000 tons CO2 (NYSERDA)
Statewide rules established by PSC April 21, 2016

Fixed rate supply contracts:


ConEd : 32 months (ConEd Solutions)
NYSEG: 36 months (Constellation)
5.5-10.5% savings vs. 12-mo. avg. utility
supply rate
Free opt-out at any time with no penalty
14 of 20 communities selected 100%
Renewable (Green-e certified RECs)
default
Contract provides for future renewable
development and efficiency programs

REDUCING THE NEED FOR POWER PLANTS


YOUR COMMUNITY, YOUR CHOICE
25% of our power costs are determined by what we
consume in one hour of the year
If we reduce our consumption in that one peak hour, our
electricity supplier will have millions of dollars of extra
band-width supply to sell next year
Our contract ensures that our consumers get those millions
of dollars when our supplier sells that band-width

REDUCING THE NEED FOR POWER PLANTS


WHEN WILL THAT HOUR BE AND WHAT DO WE DO?
The Peak Power Hour program tells you the
night before and confirms the morning of:
Today at 4PM might be the day, lets reduce
power at home and join our neighbors for a
party

To join, text South


Fork to:
(646) 267 5370

LONG ISLAND ENERGY


LANDSCAPE
TODAY

TOMORROW (18 months?)

Competitive markets: you


Largely unregulated monopoly choose your supplier
The utility earns more when you
Tariffs and RFPs
are happier and more engaged
Long-term contracts
You earn and save more when
w/centralized power plants
you intelligently manage what
You can earn by intelligently
you use

managing what you consume

WHAT CAN LONG ISLAND COMMUNITIES


Take
charge
DO NOW?

Pass local law in advance of deregulated supply


markets
Hire a demand response representative and pay
residents who agree to shed when called
Request aggregated and real time consumption data
from PSEG, to get paid, now
Your aggregated customer base can then back
finance of offshore wind, the moment the market
opens up
Natural gas procurement?

SOUTH FORKS PEAK DEMAND PROBLEM

JAN

2014 electricity demand (hourly)

DEC

Nearly 25% of your power plants exist to serve you for only
10 hours each year.
Peak Power Hour informs you when those hours are. You
prove that you are the resource that can replace those power
plants and the text service will tell you when you are eligible to
get paid for what you turn off in those ten hours

Text South
Fork to
(646) 267 5370

BUILDING RENEWABLE GENERATION AS A


REGIONAL ECONOMY

Renewable Bank 1. Finance a new, renewable power plant,


2. direct your supplier to buy from the plant you built and
3. to sell the excess power they previously purchased;
100% of profits from the sale support the new renewable plant you built

Thank you!

mgordon@jouleassets.com
Peak Power Hour empowers the South Fo
to:
take charge of your peak demand
challenge,
Inform yourself on when the power
market becomes competitive, and
share in value of avoided costs to
PSEG/LIPAText South

Fork to
(646) 267 5370

EXTRA SLIDES

JOULE COMMUNITY ENERGY MODEL


Recurring revenue for locally engaged teams
Unifying consumer and environmental groups
Renewable Bank supplier sells excess power when FF
markets move up
energy reduction products- pay residents for managing
consumption at peak through control of smart thermostats

Educating consumers
Openly address risks
How can consumers gain and add value to energy markets?

OPT OUT RATES BY COMMUNITY


OVERALL RATE: 6.3% (NATL AVG: 10%)
ConEd Territory

NYSEG Territory

New Rochelle

5.6%

Bedford

4.2%

Greenburgh

4.2%

Bedford

Mamaroneck Town

5.7%

New Castle

4.1%

Ossining Town

4.2%

Hastings
3.4%

4.3%

Mt Kisco

Rye Brook

North Salem

4.6%

Ossining Village
Pleasantville

10.6%

5.1%

Mamaroneck Village

Pelham

Lewisboro

4.4%

Irvington
Larchmont

13.4%

11.9%

5.3%
3.0%
4.0%
4.6%

Somers

Tarrytown

5.6%

White Plains

5.5%

16.7%

Utility Supply Customers by Community


Bedford 5991
White Plains 17066
Greenburgh 12901
Tarrytown 4018
Irvington 1986
Hastings 2547

Somers 7475

Larchmont 1519
Lewisboro 4313

Rye Brook 2834

Pleasantville 2405
Pelham 582

Mamaroneck 4124

North Salem 1976

Mamaroneck 6417

Ossining 6608
Ossining 1689

Mount Kisco 3275

Newcastle 5014
New Rochelle 20943