Duke Energy Corporation (holding Company) · NYSE:DUK
Duke Energy Corporation (holding Company) — Corporate Update (April 2021)
24 slides from Duke Energy Corporation (holding Company)'s corporate update, Apr 21, 2021
Slide 1: 2021 Integrated Resource Plan Stakeholder Workshop #3
2021 Integrated Resource Plan Stakeholder Workshop #3 April 21, 2021
Slide 2: Safety Message, Technology, Opening, Introductions
SAFETY TECHNOLOGY OPENING INTRODUCTIONS MESSAGE COMMENTS Microsoft-Teams check 2
Slide 3: Meeting Protocols
Meeting Protocols • The value of this process is in participation … please jump in! • We set aside time at the end of each section for Questions, and if you need clarification at any time, feel free to ask! • ”Raise your hand” for comments and questions, we will try to get to you ASAP - We will not
Slide 4: What are the Goals of the IRP Process
What are the Goals of the IRP Process INTEGRATED RESOURCE PLAN (IRP): DEI’s plan to provide safe, reliable and sustainable energy solutions for our Customers in Indiana. • IRPs are submitted every three years • Plan is created with stakeholder input • 20-year look at how DEI can cost-effectively ser
Slide 5: Agenda
Agenda 10:00 Welcome & Introductions 10:30 Recap of second meeting 10:40 Follow-ups from previous meetings -Request for Information (RFI) -Climate Change Load Forecast 11:20 Modeling Energy Efficiency (EE) & Demand Response (DR) 12:00 Lunch break 1:00 Modeling Distributed Energy Resources (DERs) 1:2
Slide 6: Recap of second meeting (Jan 25th)
Recap of second meeting (Jan 25th) • Recap of Nov 10th meeting • Follow ups from first meeting • IRP 101 & Evening Q&A • Load Forecasting considering climate change • RFI • Scenario discussion • Advanced Metering Infrastructure (AMI), Customer Programs & DERs 6
Slide 7: Request for Information (RFI)
Request for Information (RFI) Request for Information (RFI) • Also based on feedback from stakeholders, we issued an RFI to gather information from the market. This will also act a foundation for an Request for Proposal (RFP) that could be issued in early 2022 • Issued on Feb 8 • Responses due by Ma
Slide 8: Summary of RFI data
& Summary of RFI data Solar Only PPAs Build Own Transfer Options DEI MISO Z6 00s Tem al RIE Sats Oe Term (S/mwh) (Sawn) (s/mwh) (s/kw) (s/kw) (s/Kw) Solar Only 15 $ 34.45 $ 46.25 N/A Solar Only 35 $ 1,257 S$ 1,424 N/A Solar Only $ 39.35 $ 41.89 NA Solar + Battery 35 $ 1,563 $ 1,522 N/A Solar Only 25
Slide 9: Climate Change Load Forecast
Climate Change Load Forecast Load Forecasting considering climate change • Based on feedback from stakeholders, we have been in contact and are working with the Purdue Climate Change Center to develop a load forecast that considers climate change • This was developed by • Creating a new weather fore
Slide 10: Climate Change Load Forecast
Climate Change Load Forecast Duke Energy Indiana 2021-2055 Temp (F*) Projections 58.0 57.5 57.0 56.5 56.0 55.5 55.0 54.5 54.0 53.5 53.0 2021 2023 2025 2027 2029 2031 2033 2035 2037 2039 2041 2043 2045 2047 2049 2051 2053 2055 Purdue Duke Original Duke Adjusted 10
Slide 11: Modeling EE & DR
Modeling EE & DR 11
Slide 12: Energy Efficiency
Energy Efficiency • What is Energy Efficiency (EE)? • EE is a device or program that results in a reduction of electricity consumption • EE is cost effective when the value of the energy saved exceeds the cost of the device or program • LED lighting, weather insulation, air conditioner incentives •
Slide 13: Demand Response
Demand Response • What is Demand Response (DR)? • DR is a program that results in a reduction of electricity consumption at the time of peak demand • DR is cost effective when the value of the energy saved exceeds the cost of the program • Thermostat controls, swimming pool control, industrial load
Slide 14: Lunch
Lunch 14
Slide 15: Modeling DERs
Modeling DERs 15
Slide 16: Distributed Energy Resources
Distributed Energy Resources • We will model DERs in a way that leverages the study of the LBNL report which grouped DERs in 3 main groups • Electric Vehicles • Net Energy Metered Solar • Storage • The different levels of DER in the LBNL report will be primarily modeled as load sensitivities • Econo
Slide 17: Scenarios
Scenarios (DUKE Se” ENERGY. 17
Slide 18: What is a scenario?
What is a scenario? • A scenario is a set of internally consistent assumptions that are external to the utility and beyond its control • Needs to include specific assumptions that can be entered into models • For example, carbon regulation, fuel prices, cost of new generation • A portfolio is a set
Slide 19: Scenarios for 2021 IRP
Scenarios for 2021 IRP ENVIROMENTAL COST OF NEW GEN SCENARIOS LOAD GAS PRICES COAL PRICES FUEL SOURCES TAX INCENTIVES REGULATIONS SOURCES Reference w/CO2 Reg_| CO? '@x starting in Base Base Base 1HS-Markit | Burns & McDonnell Yes 2025 Guidehouse Reference w/o CO2 5 Burns & McDonnell; No Co2 tax Base
Slide 20: Portfolio Tool
Portfolio Tool 20
Slide 21: Portfolio Tool
Portfolio Tool • The Portfolio tool allows the user to: • Create different portfolios and how load would be served over a week’s time • Uses historical load, wind and irradiance data • User can evaluate portfolio using weeks from spring, summer and fall • Link: https://deiscreeningtool.duke-energy.c
Slide 22: Closing Comments, Stakeholder Comments
Closing Comments, Stakeholder Comments 22
Slide 23: Wrap Up
Wrap Up • Meeting survey to be sent out in the next week to attendees • Comments can also be sent to: • Scott at: scott.park@duke-energy.com • Stewart at: stewart@vanry.com • Meeting summary and other materials will be posted on website by April 30 • https://www.duke-energy.com/home/products/in-2021
Slide 24: Acronyms
Acronyms AMI Advanced Metering Infrastructure LMI Low-Medium Income CHP Combined Heat & Power MW Megawatt NEM Net Energy Metering CPP Critical Peak Pricing NDA Non-disclosure agreement CS Small Commercial PPA Purchase Power Agreement DR Demand Response PVRR Present Value of Revenue Requirements DER