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Status of New Jersey RPS

Ronald K Jackson, Research ScientistNew Jersey Board of Public Utilities - Office of Clean Energy

National Summit on RPS

November 6, 2015

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NJ SOLAR INSTALLATIONS 9/30/15

New Jersey Solar Installations by Interconnection Type

as of 9/30/15

InterconnectionType

ProjectQty

InstalledCapacity(kW DC)

TotalRebate $

% of InstalledCapacity

Behind the meter 39,371 1,208,674.7 $363,501,358 78.2%

Direct Grid Supply 129 337,516.9 $- 21.8%

Total* 39,500 1,546,191.6 $363,501,358 100.0%

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SOLAR PIPELINE – 9/30/15

NJCEP Solar Project Pipelineas of 9/30/15

Interconnection Type Project QtyTotal

Capacity (kW DC)% of Capacity

Behind the Meter 9,758 144,158.7 33.5%

Direct Grid Supply 38 286,116.1 66.5%

Totals 9,796 430,274.7 100.0%

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NJ RPS REGULATORY HISTORY

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• Change from Reporting Year (RY) to Energy Year (EY)

• Gradually increased RPS compliance schedule for Solar

• Converted Solar RPS from percentage to absolute (gWhr) of retail

sales requirement

• BGS providers sales exempt from new requirements (Pre 2010 Supply

Contracts)

• State Wide solar requirements must still be met (EY 2011 & EY 2012)

• Non- Exempt Suppliers/ Providers sales must make up difference

• BPU Staff to Develop new method to calculate Solar Obligation

Solar Energy Advancement and Fair Competition Act of 2010 Signed January 17, 2010

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• Amended RPS and Net Metering Definitions

• Accelerated RPS compliance schedule for Solar, doubled in 2014

• Revised the SACP schedule; EY14 thru ‘16, extends to EY28

• SREC banking extended to 5 yrs.

• Converted Solar RPS from absolute (gWhr) to back percentage of

retail sales requirement

• BGS provider exempt sales under lower requirement (Pre July 2012

Contracts)

• State Wide solar requirements must still be met (EY 2014 & EY 2015)

• Non- Exempt BGS providers sales must make up increased Solar

Obligation

• BPU Staff to Develop new method to calculate Solar Obligation

Solar Act of 2012 Signed July 23, 2012

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THE EVOLVING SOLAR REQUIREMENTS

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Increased Solar RPS Obligations (MWhs) - Solar Acts of 2010 and 2012

Pre 2010 2010 Act Increase

EY 11 248,115 306,000 57,885

EY 12 303,124 442,000 138,876

2010 Act 2012 Act Increase

EY 14 772,000 1,568,508 796,508

EY 15 965,000 1,865,218 900,218

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EY 2011 EDC Retail Sales Reporting Spreadsheet - Data

NJ RPS Energy Year 2011 ( Period Covering June 1, 2010 thru May 31, 2011)

I. BGS Retail Sales

Non-Exempt Load

List Each BGS Provider Serving NJRPS EY11 Retail Sales BGS Auction 2008 BGS Auction 2009 BGS Auction 2010 Total BGS Sales

1. INSERT BGS Provider 1. Name - - - -

2. INSERT BGS Provider 2. Name - - - -

… INSERT ROWS and BGS Provider Names as necessary - - - -

X. INSERT BGS Provider X. Name - - - -(X equals the number of BGS providers with NJRPS EY11 Retail Sales)

I. a. EDC Retail Sales Served By BGS Providers by BGS Auction: 0 0 0

I. b. EDC Retail Sales Exempt from GWH RPS Method:

I. c. EDC Retail Sales Non-Exempt from GWH RPS Method: 0

I. d. EDC Total BGS Retail Sales 0

II. Third Party Supplier (TPS) Retail Sales Amount Served (MWh)

List All TPS Serving NJRPS EY11 Retail Sales

1. INSERT TPS Provider 1. Name -

2. … INSERT TPS Provider 2. Name -

Y INSERT ROWS and TPS Provider Names as necessary to Y. -

(Y equals the number of TPS with NJRPS EY11 Retail Sales)

II. EDC Total Retail Sales Served By TPS Providers: 0

Exempt Load

0

INSERT EDC NAME

INSERT EDC Contact Person Name and Phone

Amount Served (MWh) Under BGS Contracts Entered

EDC Retail Sales by LSE

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EY 2011 EDC Retail Sales Reporting Spreadsheet - Calculation

III. EDC Total Retail Sales & RPS Obligation by Entity Type

Amount Served (MWh) RPS Obligation Method RPS Obligation

I. b. EDC Retail Sales Exempt from GWH RPS Method: 0 0.3050% 0

I. c. EDC Retail Sales Non-Exempt from GWH RPS Method: 0 Market Share tbd tbd

II. EDC Total Retail Sales Served By TPS Providers: 0 Market Share tbd tbd

III. Total Retail Sales Served in EDC X. 0 tbd tbd

(X + Y equals the total number of BGS Providers and TPS with EY11 sales)

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EY 2015 BGS EDC Reporting Spreadsheet – Preliminary Results

III. EDC Total Retail Sales & RPS Obligation by Entity TypeAmount Served (MWh) RPS Obligation RPS Obligation

I. b. EDC Retail Sales Exempt using GWH RPS Method: 12,638,869 1.27% 160,203

I. c. EDC Retail Sales Non-Exempt using % RPS Method: 2.45% 639,544

EDC Retail Sales Increased Obligation Non-Exempt GWH RPS Method: 0.57% 149,449

II. EDC Total Retail Sales Served By TPS: 37,388,645 2.45% 916,022

III. Total Retail Sales Served in EDC X. 76,131,351 1,865,218

(X + Y equals the total number of BGS Providers and TPS with EY15 sales)

Steps Calculation Description

Exempt Supply 1 965,000 GWH EY 15 (MWH)

2 16.60% Exempt Inv / 76,131,351

3 160203 16.6% X 965,000

Non-Exempt 4 639544 2.45% X 26,103,837

5.iv 16.60% 12,638,869/76,131,351

5.v 160203 16.6% X 965,000

5.vi 149449 2.45% X 12,638,839 - 160,203

5.vii 100.00% Non-Exempt Inv / 26,103,837

5.viii 149449 149,449 X 5.vii

6 788993 Step 4 + 5.viii

26,103,837

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THE COST OF COMPLIANCE

EY 11 TO EY 15

EY 2011 EY 2012 EY 2013 EY 2014 EY 2015

Gwh/% Gwh/% Gwh %/Gwh Preliminary

81,349,339 76,935,091 76,273,927 76,512,600 76,131,351

5.492% 6.320% 7.143% 7.977% 8.807%

4,467,706 4,862,298 5,448,247 6,103,410 6,704,888

4,468,399 4,866,522 5,448,631 6,103,398 6,704,888

$2.38 $4.14 $6.91 $6.83 $6.83

$10,634,790 $20,147,401 $37,650,040 $41,686,208 $45,794,385

6 27 7 4 0

$50 $50 $50 $50 $50

$300 $1,350 $350 $200.00 0

2.50% 2.50% 2.50% 2.50% 2.50%

2,033,733 1,923,377 1,906,848 1,912,815 1,903,284

2,034,187 1,925,040 1,909,218 1,912,860 1,903,284

$1.17 $1.36 $2.72 $2.87 $2.87

$2,379,999 $2,618,054 $5,193,073 $5,489,908 $5,462,425

10 3 12 7 0

$50 $50 $50 $50 $50

$500 $150 $600 $350 0

81,349,339 76,935,091 76,273,927 76,512,600 76,131,351

n/a n/a n/a 2.050% 2.45%

306,000 442,000 596,000 1,568,508 1,865,218

289,021 438,900 596,143 1,568,503 1,865,218

94.45% 99.30% 100.02% 100.00% 100.00%

$602.99 $287.71 $179.04 $175.80 $192.25

$174,276,773 $126,275,919 $106,733,442.72 $275,742,827.40 $358,588,161

15,344 4 1 1 0

$675 $658 $641 $339 $331

5.01% 0.00% 0.00% 0.00% 0.00%

$10,357,301 $2,632 $641 $339 0

99.47% 99.30% 100.02% 100.00% 100.00%

$184,634,073 $126,278,551 $106,734,084 $275,743,166 $358,588,161

$10,635,090 $20,148,751 $37,650,390 $41,686,408 $45,794,385

$2,380,499 $2,618,204 $5,193,673 $5,490,258 $5,462,425

$197,649,662 $149,045,506 $149,578,147 $322,919,833 $409,844,971

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NJ SREC Forecasts

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