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Westchester Power Program 2022 Path Forward March 21, 2022 COMMUNITY SOLAR COMMUNITY ENERGY ENERGYSMART HOMES CLEAN TRANSPORTATION PROJECT ELECTRIFICATION SOLUTIONS ZERO WASTE WESTCHESTER POWER SUSTAINABLE WESTCHESTER GRID EFFICIENCY SUSTAINABLE LANDSCAPING GRID REWARDS™ RECYCLE RIGHT APP LAND CARE AND ELECTRIC CONVERSION Shared services for a cleaner, greener Westchester GETTING READY FOR OPT-OUT COMMUNITY SOLAR CREDITS • Sustainable Westchester is preparing to launch an exciting, new Solar Credit offering within the Westchester Power program that will provide guaranteed savings to participating households and small businesses. • The offering prioritizes the delivery of the Solar Credit savings to low- to moderate-income households. We will start with those enrolled in the existing utility’s low-income assistance program, i.e. Assistance Program Participants. • Your first step is to amend your local CCA enabling law to add the Solar Credit to accompany the Supply offering. We have prepared a template of the enabling law for you. Look out for our email! • For more information, please contact Leo Wiegman, Director of Solar Programs, at leo@sustainablewestchester.org. Municipalities 147,000 Residents and Small Businesses ELECTRICITY GENERATION (SUPPLY) AND DELIVERY SOURCE (SUPPLY) WESTCHESTER POWER contracts and administers electricity supply Adapted from original Lean Energy image DELIVERY CON EDISON delivers energy, maintains lines, bills customers CUSTOMER YOU have energy choice, support clean energy ELECTRIC INDUSTRY NEED-TO-KNOW OPT-OUT FORMAT – COMMUNITY DEFAULT • There is always a default supply (Con Edison is an opt-out format also) • Communities that participate in the Westchester Power program have the decision about that default supply brought into the community • Program is approved as an alternative to confusing ESCO offerings • Cost-effective means of bringing more renewable energy to the community • Opt-out structure ensures that we are able to fully leverage the buying clout of all participating municipalities METRIC TONS OF CO2 MITIGATED CARS TAKEN OFF THE ROAD FOR 1 YEAR TREE SEEDLINGS FOR 10 YEARS = or X County-wide 1,100,000 293,000 18.2 million WESTCHESTER IS MAKING A HUGE IMPACT! Croton 13,300 2,913 221,482 RATES / SUPPLY OPTIONS / TERMS • Current Westchester Power rates residents in Con Ed territory are fixed through June 30, 2022: • 100% Renewable Supply = 7.41 cents/kWh • Standard Supply = 6.75 cents/kWh • Since Con Ed rates are variable month to month and we cannot know what they will be in the future, the program cannot guarantee savings • Remember though Con Ed is “mixed supply” that includes fossil fuels, not 100% renewable energy so comparing the two is a little “apples to oranges” • Consumer-friendly: opt-out, opt-back in, or switch supplies at any time – fixed rate serves as a cap RATES TO-DATE Current Contract Rate Performance 1/1/2021 thru 2/28/2022 Estimated Avg. Charges by Supply Customer Type Avg. Monthly Account Use Con Edison WP 100% Renewable WP Standard Residential 615 kWh $684 $634 $577 Small Commercial 719 kWh $771 $714 $649 2022 – WESTCHESTER POWER 2.0, EVOLUTIONARY IMPERATIVES • Increasing the supplier pool for enhanced competition • Building capacity to support longer term contracts and more flexible supply formats • Which in turn can lead to long term price stability and more renewable construction Expanding Westchester Power capacity for environmental and economic impact EXPANDED SUPPLIER OPTIONS In CCA 2.0, services provided to “sleeve” wholesale energy supply makes it look just like our normal ESCO contract. In NYS, relationship with retail customer is either through utility, or authorized ESCO WP 1.0 AUCTION DAY – BOTH RETAIL AND WHOLESALE • We will run traditional full retail ESCO auctions and auction for wholesale energy block on the same day. • We will then be able to add the known sleeving service cost to the wholesale block and compare to the retail ESCO offers and select the best. RECOMMENDATION: CONTRACT EXTENSION • Additional time to organize enhanced auction • Modified RFP, Sleeving arrangement • Seeking to move beyond current high risk & uncertainty premiums • Up to six months (5 looks best now) • Market price will be significantly higher than current contract TIMELINE / NEXT STEPS Contract Extension (looking for 5 months) • Mid April: Contract signing (immediately after all MOU’s executed) • Mid April thru Mid May: Prep, Opt-out mailing • Mid June: end of opt-out period • July 1: Participants in new extension as of their meter read date New Contract Auction via Enhanced Format • Mid-August: Participation MOUs signed off • Late August: Auction • Early September: Contract signing (immediately after auction award) • Mid September thru Mid October: Prep, Opt-out mailing • Mid November: end of opt-out period • December 1: Participants in new extension as of their meter read date • 3/30 11AM Chief Electeds/Admins mtg to confirm MOU target price • Early/Mid April: Participation MOU authorized by boards and signed Questions? Sustainable Westchester General info@sustainablewestchester.org Westchester Power westchesterpower@sustainablewestchester.org Call us at 914-242-4725 Your action can help your community build a clean energy future!