STATE OF DELAWARE PILOT PROGRAM FOR THE PROCUREMENT OF SOLAR RENEWABLE ENERGY CREDITS
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Transcript of STATE OF DELAWARE PILOT PROGRAM FOR THE PROCUREMENT OF SOLAR RENEWABLE ENERGY CREDITS
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STATE OF DELAWAREPILOT PROGRAM
FOR THE PROCUREMENT OFSOLAR RENEWABLE ENERGY CREDITS
Results and Observations from the SREC Procurement Agent
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KW Nameplate by Tier
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Effective SRECs by Tier
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Systems by Tier
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Operational vs. Development – KW
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Operational vs. Development – Effective SRECS
Total “stranded” operational annual effective SRECs across all tiers – 8,148
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Operational vs. Development – Actual SRECS
Total “stranded” operational annual actual SRECs across all tiers – 7,551
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Operational vs. Development – Number of Systems
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Operational vs. Development – Effective SRECS
Only systems with both DE labor/equipment
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Bid Results
Tier 2B Tier 3High $139.00 $176.00Low $120.00 $148.00Weighted Average $130.92 $154.45
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Tier 1 Interconnect Dates
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Interconnect Dates
• Tier 2A – 1 System 3/2011• Tier 2B – 3 Systems 6/2011, 1 System 1/2012• Tier 3 – 1 System 2/2011
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Existing Effective SRECsDPL Will Purchase
(Compliance year beginning June 1, 2011)
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Tier 1 Labor/Equipment SRECs Offered
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Tier 2A Labor/Equipment SRECs Offered
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Tier 2B Labor/Equipment SRECs Offered
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Tier 3 Labor/Equipment
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Existing/Proposed # Systems by Tier
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Existing/Proposed Systems by KW
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Existing/Proposed Systems by Effective SRECs
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Tier 1 All Systems Bid vs. Nameplate
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Tier 2A All Systems Bid vs. Nameplate
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Tier 2B All Systems Bid vs. Nameplate
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Tier 3 All Systems Bid vs. Nameplate
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Histogram of Systems / Owner Representatives
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Procurement Agent Observations
Program Strong Points•Parcel Requirement•Limit on a single system bidding in only one tier•Bid deposits – Significant gaming would have occurred without them.•Force Majeure section well written
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Procurement Agent Observations
System Mechanics•Longer Open Period for Tier 1 and 2A, minimum 2 weeks.•Set additional week to allow receipt of bid deposits – would allow for ACH/check•Eliminate the Owner Representative requirement•Needlessly adds complexity•Owner Rep can still be an option•Firm fixed price contract
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Procurement Agent Observations
Applications•Consider eliminating the following fields:
•Bid Deposit Form•Module Type – Info not used, confusing because changeable•Inverter Type – Info not used, confusing because changeable•Mounting Location – Info not used•First Year energy output – Redundant with SREC output•Other Supplemental Funding – Just need yes/no check
•Consider adding the following fields:•Bid Deposit Form
•Expected existing SRECs to sell•Expected commence date for proposed systems
•Transfer Agreement•Desired contract start date•Desired existing SRECs to sell
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Procurement Agent Observations
Solicitation Design•Add verbiage to cover system additions•Clarify metering definitions•Reexamine production bands (min/max SRECs), current system incentivizes overly optimistic production estimates with no minimum and only 110% maximum•Clearly define other supplemental funding, i.e. does it include low interest loans, tax credits like NMTC?
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Procurement Agent ObservationsSolicitation Design Cont.
•Partial Fills•Do we allow 110% production•Do we allow unfilled portion to bid in future solicitations
•Bidding partial systems that were not partial fills?
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Procurement Agent ObservationsCommon Customer Comments/Complaints
•All existing systems should be eligible•No existing systems should be eligible•Bid deposit is too high, shouldn’t exist