Xcel Energy Inc. · NASDAQ:XEL
Xcel Energy — Corporate Update (June 2023)
11 slides from Xcel Energy's corporate update, Jun 30, 2023
Slide 1: SPS NM Energy Efficiency and Load Management Programs
SPS NM Energy Efficiency and Load Management Programs Jeremy Lovelady | Regulatory Policy Specalist June 30, 2023 © 2023 Xcel Energy 1
Slide 2: Overview
Overview • Energy Efficiency & Load Management (EE/LM) Compliance • Recent EE/LM Plan Filings & Outcomes • Current DM Offerings in SPS‐NMx • 2023‐2025 Approved Program Forecasts • Upcoming Plan Filings
Slide 3: EE/LM Compliance
EE/LM Compliance • IOUS are required to achieve savings of no less than 5% of 2020 total retail kWh sales to New Mexico customer classes that have the opportunity to participate in calendar year 2025 as a result of energy efficiency and load management programs implemented in years 2021 through 2025
Slide 4: Recent EE/LM Plan Filings
Recent EE/LM Plan Filings • Case No. 19‐00140‐UT‐ 1st Triennial Plan Filing ‒ Covered PYs 2020‐2022 ‒ Removal of LM offerings ‒ Saver’s Switch, Thermostats, ICO ‒ Addition of Heat Pump Water Heaters ‒ Additional Market Research funding for Potential Study • Case No. 21‐00186‐UT‐ 2021 Potential Study
Slide 5: Current Demand Management Offerings in SPS-NM
Current Demand Management Offerings in SPS‐NM • Residential Thermostat Rewards – The Residential Thermostat Rewards program (previously known as Smart Thermostats) allows customers to enroll their thermostat devices into the cooling and/or heating rewards program and receive demand response incentiv
Slide 6: 2022 Performance
2022 Performance 2022 Estimated 2022 Reported and Verified Annual Annual Annual Annual Energy Peak Demand Energy Energy Peak Demand Energy Peak Demand Savings (Net Savings (Net Savings (Net Peak Demand Savings (Net Savings (Net Savings (Net Savings (Net Customer Generator Generator Utility Avoided U
Slide 7: 2023 Approved Program Forecast
2023 Approved Program Forecast Electric Net Customer Net Customer Net Generator Utility Cost 2023 Participants Electric Budget kW kWh Net Gen kW kWh Test Ratio Business Program Business Comprehensive 376 $9,239,402 3,937 26,473,342 4,289 28,374,429 1.01 Building Tune-Up 4 $22,000 0 6,885 0 7,380 0.0
Slide 8: 2024 Approved Program Forecast
2024 Approved Program Forecast Electric Net Customer Net Customer Net Generator Utility Cost Test 2024 Participants Electric Budget kW kWh Net Gen kW kWh Ratio Business Program Business Comprehensive 400 $10,188,288 4,239 28,616,891 4,618 30,671,909 1.01 Building Tune-Up 5 $29,200 0 6,885 0 7,380 0.
Slide 9: 2025 Approved Program Forecast
2025 Approved Program Forecast Electric Net Customer Net Customer Net Generator Utility Cost Test 2025 Participants Electric Budget kW kWh Net Gen kW kWh Ratio Business Program Business Comprehensive 425 $10,803,570 4,344 29,321,714 4,732 31,427,347 1.01 Building Tune-Up 6 $36,500 0 6,885 0 7,380 0.
Slide 10: Upcoming Plan Filings
Upcoming Plan Filings • Update Filing for Energy Efficiency/ Load Management • ~$2.4M PY Underage for PY 2022 (impacts 2024) • Drop Tariff/Customer Refund for 2024 & 2025? • Update Avoided Cost for 2024 & 2025(check with Ben because this could help UCT test) • Proposal of an ICO tariff to launch in
Slide 11: Contact Information
Contact Information Jeremy Lovelady: 303‐294‐2201 Jeremy.m.lovelady@xcelenergy.com