Xcel Energy Inc. · NASDAQ:XEL
Xcel Energy — Corporate Update (May 2013)
61 slides from Xcel Energy's corporate update, May 15, 2013
Slide 1: Colorado DSM Roundtable Discussion
Xcel Energy Colorado DSM Roundtable Discussion May 15, 2013 1:00pm to 4:00pm 1800 Larimer, Room 03G01
Slide 2: Welcome and Introductions
Welcome and Introductions Contact ContactInfo: Info: Suzanne SuzanneDoyle Doyle Manager, Manager,DSM DSMRegulatory RegulatoryStrategy Strategy&&Planning Planning Office: Office:612-330-5518 612-330-5518 E-mail: E-mail:suzanne.galster@xcelenergy.com suzanne.galster@xcelenergy.com 2
Slide 3: Agenda
Agenda 1:00 – 1:05 Welcome, Introductions 1:05 – 1:30 Regulatory Update 1:30 – 2:30 DSM Program Highlights 2:30 – 2:45 Break 2:45 – 3:45 Product Development 3:45 – 4:00 Wrap-up/Open Discussion 3
Slide 4: Regulatory Update
Regulatory Update Presented by: Suzanne Doyle Compliance Complianceinformation informationisisavailable available at atXcel XcelEnergy’s Energy’sDSM DSMWebsite: Website: http://www.xcelenergy.com/About_Us/Rates_&_Regulations/Regulatory_Filings/CO_DSM http://www.xcelenergy.com/About_Us/Rates_&_Regula
Slide 5: Recent Filings – Q1 2013
Recent Filings – Q1 2013 2012 DSM Annual Status Report – Filed 4/1/2013 Electric DSM Goal Actual Net Benefits: $219.6M Energy Savings 329.3 GWh 400.7 GWh Financial Incentive: $22.7M Demand Savings 79.3 MW 90.6 MW TRC: 2.38 Budget $77.3M $79.4M Gas DSM Goal Actual Net Benefits: $5.7M Energy Savings
Slide 6: 60/90-Day Notices
60/90-Day Notices Past 60-day Notices: Notification Comments Date Program Notice Description Date Due Implemented 2013 Cooling Efficiency 1/25/2013 02/25/2013 02/26/2013 Colorado Residential Insulation 1/2/2013 02/02/2013 02/02/2013 Rebate Community Energy Planning 12/19/2012 01/19/2013 01/20/2013
Slide 7: 60/90-Day Notices (Cont…)
60/90-Day Notices (Cont…) Current 60 or 90-Day Notices: Notification Comments Date Program Notice Description Date Due Implemented Process Efficiency Product Evaluation 04/17/2013 N/A N/A Low-Income Energy Savings Kits Product 04/17/2013 N/A N/A Evaluation High Efficiency Air Conditioning Product
Slide 8: Upcoming 60-Day Notices
Upcoming 60-Day Notices Calculator Updates: Home Performance w/Energy Star Energy Efficient Showerheads Heating System Rebates Heating Efficiency Compressed Air Efficiency Motor & Drive Efficiency High Efficiency A/C Other Notices: Data Center Efficiency (NTG clarification) Com
Slide 9: Future DSM Filings (2013)
Future DSM Filings (2013) June 14, 2013: DSM Strategic Issues (2015 and beyond) Major Topics: Energy Efficiency Goals Incentive Mechanism Demand Response goals July 1, 2013: 2014 DSM Plan Goal: Electric – 384 GWh Gas – Still Evaluating New Measures - Product Development 9
Slide 10: DSM Program Evaluations 2013
DSM Program Evaluations 2013 Residential: Home Performance (Process & Impact) Business: CO Segment Efficiency (Process Only) CO Compressed Air (Process & Impact for Prescriptive) Small number of Custom-Compressed Air participants to be interviewed (ie. < 15) for Process information 10
Slide 11: DSM Program Highlights
DSM Program Highlights Presented By: Kim Spickard & David Hueser 11
Slide 12: Portfolio Achievements Update, DSM Program Overview, Business Energy Efficiency
Portfolio Achievements Update, DSM Program Overview, Business Energy Efficiency Program Highlights Presented By: Kim Spickard 12
Slide 13: First Quarter 2013 DSM Achievements
First Quarter 2013 DSM Achievements Total DSM Portfolio 2013 Electric Targets: 82.3 MW; 345.2 GWh; $83M Q1 2013 Achievements: 17.2 MW; 104.7 GWh; $14.8M 2013 Gas Goals: 428,310 Dth; $13.3M Q1 2013 Achievements: 91,046 Dth; $1.7M 13
Slide 14: Cumulative Electric Achievement Quarterly Comparison
Q1 2013 actual electric energy savings (kWh) is 30% of 2013 goal, slightly behind 2012 pace Colorado DSM Portfolio 2012/2013 Cumulative Electric Achievement, Quarterly Comparison 450,000,000 400,000,000 350,000,000 Cumulative 300,000,000 2012 kWh 250,000,000 200,000,000 2013 118 GWh 150,000,000 105
Slide 15: Direct Evaporative Pre-Cooling (DEPCACC)
Direct Evaporative Pre-Cooling (DEPCACC) The Direct Evaporative Pre Cooling Measure was launched on February 26th. Cypress Ltd, has started marketing efforts and trade seminars. Cypress Ltd, has launched a website: www.precoolandsave.com The website directs customers to Xcelenergy.com to dow
Slide 16: Lighting Efficiency
Lighting Efficiency T-12 to T-8 Rebates discontinued Direct mail campaign to remind customers and vendors of the pending May 1 deadline for T12 to T8 rebates Several Prescriptive LED rebates reduced due to lower market pricing Tiered rebates for exterior LED fixtures Lighting Occupancy Sen
Slide 17: Lighting Optimization Rebates
Lighting Optimization Rebates Lamp removal in T8 systems T8 to T8 $12/fixture NEW: T12 to T8 1- to 2-lamp installation $10 per fixture* NEW: T12 to T8 3-lamp installation $12 per fixture* * Requires an electronic ballast and complete removal of lamps, ballasts, and sockets 17
Slide 18: New Exterior Lighting Measures
New Exterior Lighting Measures LED wall packs for Exterior and Parking Garage installations (do not require Energy Star qualification) Energy Star Qualified LED Screw-In Downlights Bi-level Stairwell Fixtures with Integrated Sensors. 18
Slide 19: Standard Offer
Standard Offer Program Being Discontinued Directly competes with other, more cost- effective, products Has failed to consistently meet MTRC Has failed to make kW, kWh and participation goals Active preapproved projects have until 12/31/13 to submit all paperwork to be rebated under the Sta
Slide 20: Residential and Low-Income Program Highlights
Residential and Low-Income Program Highlights Presented By: David Hueser 20
Slide 21: Home Performance With ENERGY STAR
Home Performance With ENERGY STAR® Program updated in 2012 to improve performance and cost effectiveness; 2013 off to a good start Program updates Three required measures, down from five Air sealing, attic insulation, efficient lighting required if recommended in audit, and not previously comp
Slide 22: Residential Water Heaters (E&G)
Residential Water Heaters (E&G) Program not cost-effective in 2012 on low natural gas prices and low savings per unit vs. 2012 goal Considerations for 2014 CO DSM Plan Remove less-efficient gas measures Gas storage: focus solely on .67 EF and above Gas tankless: 0.82 EF Tankless units were c
Slide 23: Low Income Non-Profit Energy Efficiency (NEEP)
Low Income Non-Profit Energy Efficiency (NEEP) Electric MTRC cost effective at 1.34, and gas MTRC .90 in 2012 Ample 2013 pipeline of identified energy savings Partner with Energy Outreach Colorado (EOC) NEEP provides funds – supplemental to federal weatherization grants – for electric and gas eq
Slide 24: DSM Product Development Update
DSM Product Development Update Presented by: Pat Goggin and Andre Gouin DSM DSMWebsite Websiteprovides providesprogram programidea ideasubmission submissionforms formsat: at: http://www.xcelenergy.com/About_Us/Rates_&_Regulations/Regulatory_Filings/CO_DSM http://www.xcelenergy.com/About_Us/Rates_&_R
Slide 25: Product Development Team
Product Development Team 10 Resources able to flex across 4 Platforms Energy Efficiency Renewable Energy Demand Response Transportation Manager: Kevin Schwain, 612-330-5961 Colorado Team Lead: Pat Goggin, 303-294-2370 Pilot Lead: Andre Gouin, 303-294-2975 25
Slide 26: 2012/13 Plan Settlement Development Update
2012/13 Plan Settlement Development Update 26
Slide 27: Innovative Technology RFP Update
Innovative Technology RFP Update Selected 3 to fill 2013 gap Pool Pump Efficiency 1.9 GWh | residential segment | Launched Cooling Efficiency – Evaporative Pre-cooling for Air- Cooled Condensers measure 2.5 GWh | business segment | Launched Refrigeration Efficiency Final technical assumption
Slide 28: Waste to Energy Projects
Waste to Energy Projects Purpose: To implement a program applicable to Eligible Energy Resources installed on customer premises. 2013 Activities: Program is most appropriately addressed in RES Plan Filed Advice Letter April 1st 2013 Net Metering tariff revised to clarify eligibility Propos
Slide 29: Pilot & Study Update
Pilot & Study Update 29
Slide 30: Energy Feedback Pilot
Energy Feedback Pilot Successfully expanded to an additional 50k participants in January Continue to see strong savings from original pilot group Preliminary expansion savings available in second quarter 2013 kWh Savings per participant Therm Savings per participant 50.00 3.00 45.00 2.50 40.00
Slide 31: IHSD Pilot – 1st year savings evaluation
IHSD Pilot – 1st year savings evaluation Background The In-Home Smart Device Pilot is designed to test how residential customers respond to various control strategies and energy consumption information delivered to their homes through in-home energy management devices. Participants are expected to l
Slide 32: In-Home Smart Device Pilot – 1st year energy savings
Xcel In-Home Smart Device Pilot – preliminary evaluation of 1st year energy savings While it appears that there may be energy savings resulting from the presence of devices, the differences are not statistically significant Adjusted Control Group Estimated Percent Significant Billing Energy Savings
Slide 33: In-Home Smart Device Pilot – 1st year demand savings
Xcel In-Home Smart Device Pilot - preliminary evaluation of 1st year demand savings The load reductions were statistically significant on all but the last event day, which was the one mild day with a high of only 77 degrees. Average Hot Event Day 3.5 3.0 2.5 2.0 W Adjusted Estimated Event Day k 1.5
Slide 34: In-Home Smart Device Pilot - Lessons Learned in 2012
Xcel In-Home Smart Device Pilot - lessons Learned in 2012 Customer Adoption These types of installations are complex, require Customers to 72,532 be available for the appointment and pose unique challenges for the Company such as electrical permits, and legacy Installation electrical issues. Selecti
Slide 35: In-Home Smart Device Pilot – 2012 customer survey
Xcel In-Home Smart Device Pilot – summary of 2012 customer survey Customer Survey Results • Nearly 90 percent of participants were satisfied with the In Home Device pilot program • 89% responded that they are satisfied with their ‘In–Home’ devices • although customer satisfaction with the devices an
Slide 36: In-Home Smart Device Pilot – 2012 customer survey
Xcel In-Home Smart Device Pilot – summary of 2012 customer survey Customer Survey Results • Customers generally found the energy usage information provided on the Home Base or web portal helpful (80%) • 45% of Customers believe they have saved energy and/or money Survey results H o w he lp ful to y
Slide 37: Building Code Support Pilot
Building Code Support Pilot Q2’12 Q3’12 Q4’12 Q1’13 Q2’13 Plan Code Recruitment Training Evaluation Development Implementation Heschong Mahone Group, Inc Status: Training completed in 3 participating jurisdictions Impact potential, methodology evaluation close to completion Readout of findings
Slide 38: EV Demand Response Pilot
EV Demand Response Pilot Determine demand response opportunity available through control of electric vehicle charging stations and better understand: Purpose Customer’s willingness to allow interruption of charging Available load coincidence with peak demand Status Pilot is progressing with phased
Slide 39: Impact Evaluation of the Whole House Energy Efficiency and Comfort Study
Impact Evaluation of the Whole House Energy Efficiency and Comfort Study Presented by: Jim Bradford, President Mesa Point Energy 39
Slide 40: Project Description
Project Description Whole House Energy Efficiency Study (WHEC) An analysis of energy savings (kWh & therms), cost effectiveness and pay back Involved Implementation of a comprehensive package of energy savings technologies in 10 Front Range homes Provides the opportunity to acquire data from home
Slide 41: Project Homes
Project Homes Test Town Square Year built Home footage 1 Denver 2,214 1984 2 Centennial 1,755 1982 3 Westminster 2,000 1973 4 Boulder 1,315 1968 5 Highlands Ranch 1,800 2000 6 Arvada 2,500 1999 7 Westminster 1,600 1979 8 Arvada 1,680 1942 9 Denver 2,400 1960 10 Lakewood 4,000 1995 41
Slide 42: WHEC Project Scope of Work
WHEC Project Scope of Work Measure Type Home 1 Home 2 Home 3 Home 4 Home 5 Home 6 Home 7 Home 8 Home 9 Home 10 Insulation Attic and Walls x x x x x x x x x x Air Sealing x x x x x x x x x x Duct Sealing Standard x x x x x x x x x x Ventilation "Poor Man's" HRV x x x x x x x x x x Lighting CFL 100% x
Slide 43: Evaluation Methodology
Evaluation Methodology 1. Utility bill based analysis — Raw data analysis provided for comparison — Weather corrected data analysis Savings = (Baseline use — Post install Use) 2. Technical Reference Manual savings estimation
Slide 44: Comparing TRM and bill-based findings
Comparing TRM and bill-based findings kWh Therms CO2 electric CO2 natural gas CO2 (lbs) total Raw savings (14,224) 3,682 (22,773) 43,074 20,301 Regressed Savings (14,438) 3,595 (23,115) 42,064 18,948 TRM savings (7,911) 6,499 (12,666) 76,041 63,375 44
Slide 45: Example – House 5
Example – House 5 slope intercept R square pre 0.11 13.27 0.96 Therms per HDD post 0.08 -10.97 0.96 pre 4.20 801.20 0.95 kWh per CDD post 1.36 1071.98 0.75 45
Slide 46: House 5 example
House 5 example Retrofit characteristics Standard measures: insulation, duct sealing, 95% furnace, 15 SEER AC replacing 10 SEER unit, CFLs, Poor Man’s HRV Added measures: Solar DHW with natural gas backup In this case, actual building performance was not well predicted by TRM 46
Slide 47: House 5 example, continued
House 5 example, continued Annualized Usage and Weather by Year Cal Year Therms HDD Therm Cost kWh CDD kWh Cost 2009 979 6,772 $760.02 12,220 715 $1,147.81 2010 784 6,182 $600.73 13,888 1,026 $1,603.68 2011 443 6,587 $407.33 14,334 1,002 $1,584.84 2012 285 5,494 $311.39 14,336 1,288 $1,572.64 TMY pr
Slide 48: Summary results
Summary results Simple $ kWh Therm $ Therm House kWh Savings Total $ savings project cost Payback Savings Savings Savings (years) 1 651.62 $70 166.56 $144 $215 $18,500 86 2 583.87 $66 287.60 $215 $281 $18,500 66 3 (2,269.96) -$266 731.31 $881 $615 $40,500 66 4 (393.86) -$48 195.22 $193 $145 $29,000
Slide 49: Homes and main measure overview
Homes and main measure overview TRM / Analysis House Baseline AC Post-install approximates Billing? Remarks TH1 Yes 14 SEER Yes TH2 Yes 14 SEER Yes TH3 Yes/Disconn GSHP Yes Adding AC causes large increase in electric use Replacement of window AC with central AC may have increased TH4 Window 14 SEER
Slide 50: Measure overview
Measure overview Measure Type Remark Insulation Attic and Walls Pre and post conditions unclear. Economics a strong function of site conditions Air Sealing By blower door testing. Resulted in approximately 30% reduction in ACH Duct Sealing Standard Difficult to quantify savings, field conditions unc
Slide 51: Improve economics
Improve economics Payment of incremental cost (or other reduced incentive) may improve payback 4x or more More selective measures and buildings may improve payback 2x or more Gas prices did not increase as may have been anticipated during program design. Actual price per therm went down 10-20%
Slide 52: Lessons learned
Lessons learned Program design, engineering and execution are critical to success Measure selection is important Advanced measures and systems don’t automatically create favorable economics Setting baseline, refining EM&V and program tracking are all important Future energy prices can affe
Slide 53: Questions?
Questions? JAMES D. BRADFORD, PE, PHD MESA POINT ENERGY LOUISVILLE, COLORADO (303) 661-0159 OFFICE (720) 232-9634 MOBILE JBRADFORD@MESAPOINTENERGY.COM 53
Slide 54: Ongoing Development Update
Ongoing Development Update 54
Slide 55: Product Development Process
Product Development Process Opportunity Prioritization Concept Filing & Launch # of Approval Approval Approval Approval Ideas Concept Development Launch Opportunity Framing Evaluation Identification Concept Development Launch Opportunity Framing Evaluation Identification Level of Effort per Idea 55
Slide 56: 2014 New Products
2014 New Products Product Measure Residential Heating ECM Fan Motors Compressed Air Cycling Dryer Dewpoint Demand Controls Mist Eliminators Business Lighting LED Troffers Parking Garage LEDs Recommissioning Building Tune-up 56
Slide 57: DSM Roundtable Ideation Submissions – 1st Quarter
DSM Roundtable Ideation Submissions – 1st Quarter Photocells for LED Wall Packs No incremental savings - Existing Tech Assumptions assume no night operation Heat Pump Water Heaters – Residential Already a measure in Water Heating Product Mid-Market Prescriptive Retrocommissioning Program
Slide 58: DSM Roundtable Ideation Submissions – 1st Quarter
DSM Roundtable Ideation Submissions – 1st Quarter Multi-Family Program Already under development Small Business Direct Install Duplicates Small Business Lighting Product Product Development Opportunity Identification Form is not an open RFP for 3rd Party Implementation proposals. 58
Slide 59: New Ideas?
New Ideas? CO Roundtable Ideas Submit complete Roundtable Idea Form at least 90 days prior to a CO Roundtable Meeting in order for an analysis to be presented at that meeting. Incomplete Idea Forms will be returned to submitter for completion 90 Day window starts when form is complete Roun
Slide 60: Wrap-up / Open Discussion
Wrap-up / Open Discussion Upcoming UpcomingRoundtable RoundtableSchedule: Schedule: August August21, 21,2013 2013 November November13, 13,2013 2013 60
Slide 61: Xcel Energy
Qe Xcel Energy’ RESPONSIBLE BY NATURE™