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Published byLily McElroy Modified over 4 years ago
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IRP Workshop - CVPS February 12, 2007
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Power Supply Issues HQ/VY Contracts Terminate 2012-2016 Climate Change and CO2 Emissions Resource Portfolio Factors – Diversity – Renewable – Stable or Predictable Prices – Nuclear vs No Nuclear – Small / In-state vs Large Imports
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Power Supply Initiatives Act 61 – Efficiency – SPEED – CHP – Public Involvement Process Vermont Generation Feasibility New England Market Changes (FCM) Distributed Utility Planning Renewable Portfolio Standards
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2007 CVPS IRP Reiteration of the 2003 Decision Analysis Portfolio risk management Multi-Attribute Trade-off Analysis – Price (NPV and variability) – Resource Attributes ? Size Location CO2 (RGGI) Renewable IRP Analyses Can Inform the Public Involvement Process
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GMP 2007 IRP Process Follow- up to 2003 Decision Analysis Scenario Evaluation of Six Resource Portfolios Decision Analysis to Refine Scenario Evaluations Stress testing Best Portfolios to support contingency planning Multi-Attributes Trade-off Analysis for Decision Making – Revenue Requirements (NPV and variability) – Other Portfolio Attributes Environmental Impacts Financial Impacts Resource Locations Fossil fuel dependency Resource Plan Flexibility IRP information needs will be used to inform the Public Involvement process
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Multi-Attribute Demonstration Parameter InputPortfolio Mix Resource Cost- S Cost- U CO 2 CO 2 C& T Aesthe tic Mar ket Mark et / DSM CC / GT / DSM Generat ion Mix Renewa ble / DSM CCGT-NG1.1 1.2 1.25 0.7 GT-Oil1.1 1.5 1.25 0.1 CoalGas1.25 0.9 1.25 0.3 CoalGas-Seq CO21.75 0 1.25 0 Wind-Large1.5 0 5 0.20.4 Wind-Small220 2 0.2 Market Cap112 10.1 Market Energy111 10.90.7 DSM30 0 0.2 PV330 0.5 0.2 11111
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