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Opportunities in California’s Electricity Markets
Chair Robert B. Weisenmiller
California Energy [email protected]
(916) 654-5036
Glosho, Los Angeles
October 6th, 2014
California’s Electricity MarketsKey Insights
– California’s Electricity Sector is evolving to meet consumer demands, reduce its environmental impact and accommodate technological advancements
• Consumers want energy that is reliable, safe, secure, clean and affordable
• AB 32: California Global Warming Solutions Act of 2006 Significantly Influences California’s Electricity Markets: – Reduce greenhouse gas (GHG) emissions to 1990 level by 2020– Cap & Trade influences investments toward clean energy technologies
• Technological Advancements – smart meters, energy storage, distributed solar PV, fuel cells etc. are forcing the electricity sector to change. These advancement are also being driven by California’s clean energy policies and goals.
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California’s Clean Energy Goals
– Electricity Sector• Renewables Portfolio Standard - 33%
of utility electric retail sales by 2020
• 20,000 MW of Renewable Electricity by 2020– 12,000 MW of Distributed Generation– 8,000 MW Large-Scale Generation
• 6,500 MW of New Combined Heat & Power Capacity by 2030
• Zero-Net Energy by 2020 for new residential buildings & 2030 for new commercial buildings
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Electric System of Tomorrow Investment Needed
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Electric Vehicles & Solar PV Distributed Electricity
Generation
Large-Scale Wind Electricity
Generation
Clean & Efficient Electric Generation
Facility
Large-Scale Solar PV Electricity Generation
Electricity Storage
Advanced Management &
Operational Systems
Match-Funding Opportunities California Energy Commission (CEC)
• Energy Research, Development, Demonstration & Deployment Programs– The Electric Program Investment Charge funds innovative projects
that improve the states electricity system.
• Over $100 million available per year
• Program funds are administered by the CEC and the states Investor Owned Utilities.
– The Public Interest Energy Research (PIER) Natural Gas Program funds innovative projects that improve the state’s natural gas system.
• Over $20 million available per year
• Alternative & Renewable Fuel & Vehicle Technology Program– Roughly $100 million available per year for alternative fuel production,
infrastructure and advanced vehicle technology 5
Thank You
Chair Robert B. Weisenmiller
California Energy [email protected]
(916) 654-5036
Gloshow, Los Angeles
October 6th, 2014
