Xcel Energy Inc. · NASDAQ:XEL
Xcel Energy — Corporate Update (November 2018)
39 slides from Xcel Energy's corporate update, Nov 13, 2018
Slide 1: Q3-2018 Colorado DSM Roundtable
Q3-2018 Colorado DSM Roundtable November 13, 2018
Slide 2: Agenda
AGENDA • 1:00 – 1:30 p.m. Welcome and DSM Regulatory Updates » 2019/2020 DSM Plan Review • 1:30 – 3:00 p.m. DSM Programs: Q3-2018 » Q3 Achievement Update » Business Programs » Residential and Low-Income Programs • 3:00 – 3:15 p.m. -- Networking Break – • 3:15 – 3:30 p.m. DSM Pilot and Product Update
Slide 3: DSM Regulatory Updates Q3-2018
DSM Regulatory Updates Q3-2018 Mike Pascucci DSM Regulatory
Slide 4: 60/90-Day Notices
60/90-Day Notices • High Efficiency Air Conditioning • Refrigerator Recycling – Posted: May 11, 2018 – Posted: 8/15/2018 – Implemented: July 11, 2018 – Implemented: 9/15/2018 • Lighting Efficiency and Small-Business • Thermostat Optimization & Residential Lighting Demand Response – Posted: May 11, 2
Slide 5: DSM Regulatory Update
DSM Regulatory Update • DSM Strategic Issues – Final order received September 7 • 2019/2020 DSM Plan – DSM Plan filed August 31 – Answer Testimony due December 11 – Rebuttal Testimony due January 22 • Upcoming Meetings – Save the Date! – Q4-2018 DSM Roundtable Meeting: Wednesday, February 13, 2019
Slide 6: 2019/2020 DSM Plan
2019/2020 DSM Plan Incremental Demand Target Energy Savings Target Budget (Gen kW) (Gen kWh or Dth) 2019 – Electric Energy Efficiency Programs $ 72,247,461 87,990 506,135,204 Energy Efficiency Indirect Program $ 6,887,507 - - Total 2019 Electric EE $ 79,134,969 87,989 506,135,204 Demand Response Pro
Slide 7: 2019/2020 DSM Plan
2019/2020 DSM Plan • New products and pilots – Strategic Energy Management – Thermostat Optimization – Geo-Targeting – Battery Demand Response • Future pilots in development – Smart EV Charging – Behavioral Demand Response • Improved focus on peak demand and high cost energy – Adjusted incentive str
Slide 8: DSM Achievements Q3-2018
DSM Achievements Q3-2018 Donna Beaman, Manager, Customer Solutions
Slide 9: 2018 Q3 Achievement Highlights
2018 Q3 Achievement Highlights Electric Portfolio Gas Portfolio • 396 GWh (99% of 400 GWh Target) • 417,184 Net Dth (73% of Dth Target) • 60.8 MW (94% of 65 MW Target) • $10.25M Spend (80% of Budget) • $63.0M (81% of Budget) Business Programs Business Programs • 80,530 Net Dth (56% of Target) • 267
Slide 10: Marketing Campaigns & Trade Outreach
Marketing Campaigns & Trade Outreach Business Residential • Cooling workshop July 12, National Comfort • AC Rebate changes Institute (NCI), Colorado Association of – Stakeholder meetings, webinars, Mechanical Plumbing Contractors (CAMPC), Brainshark newsletter notifications all well- Energy Solution
Slide 11: Business Lighting Efficiency & Small Business Lighting Products
Business Lighting Efficiency & Small Business Lighting Products Mark Schoenheider Team Lead, Customer Solutions
Slide 12: T12 Bonus Rebate Closeout
T12 Bonus Rebate Closeout • The T12 to LED Rebate Promotion is ending December 31, 2018. • The promotion was created in response to the Colorado 2015 market assessment conducted by the Cadmus Group, which determined T12 systems had the same market saturation in 2015 as found in the 2005 Colorado mar
Slide 13: New Proposed Direct Linear Ambient Rebates
New Proposed Direct Linear Ambient Rebates • The Lighting Efficiency and Small Business Lighting products are proposing to add rebates for customers that convert existing T8 lighting to LED direct linear ambient fixtures on January 1, 2019. • Direct linear ambient measures are apart of the T12 bonus
Slide 14: DSM Business Q3-2018 Highlights
DSM Business Q3-2018 Highlights David Hueser Team Lead, Customer Solutions
Slide 15: Multifamily Buildings (Electric & Gas savings)
Multifamily Buildings (Electric & Gas savings) • Forecasting to meet or exceed 2018 savings goals • Scheduling additional assessments through incoming leads and outreach to promote Stage 2 and 3 in 2019. • Finalized the Dayton Crossing case study. - Interior and exterior lighting retrofit - kWh save
Slide 16: Business Cooling
Business Cooling • Product forecasting to end 2018 below savings targets, however midstream measure line-up is expected to improve future pipeline • Good 2018 energy savings in Centrifugal Chillers in real estate, hospitals, education/training Photo: Trane • Air-Cooled Chiller participation in educa
Slide 17: Commercial Refrigeration Efficiency
Commercial Refrigeration Efficiency • Energy Savings through Q3, 2018 – Electric: 284 kW/50%, 2.5 GWh/43% of target – 649 Dth gas, 27% of goal • Impactful electric measures – Anti-Sweat Heater Controls – No Heat Case Doors – EC Motors in walk-in coolers and display cases • Gas savings mainly from re
Slide 18: DSM Residential and Low Income Q3-2018 Highlights
DSM Residential and Low Income Q3-2018 Highlights Michelle Beaudoin Team Lead, Customer Solutions
Slide 19: Residential Cooling
Residential Cooling Q3 Review • New AC rebates were introduced after the 60-day notice went into effect. • 60-day notice effective ensured changes wouldn’t occur during cooling season • New structure simplifies all AC and ASHP rebates from 8 rebate levels to 2 Measure type Efficiency minimums Custom
Slide 20: ENERGY STAR New Homes (E&G savings)
ENERGY STAR® New Homes (E&G savings) Q3 Program Metrics: Metric Second Quarter Third Quarter Qualifying Homes 1201 1331 Average Home Size 3,585 3,584 Average HERS 57.4 56 2012 IECC or Higher 57% 59% ENERGY STAR Certified Bonus Rebate 422 450 Q3 Achievements: Q3 Activity • Residential Science Resourc
Slide 21: Residential Home Performance with ENERGY STAR
Residential Home Performance with ENERGY STAR® Q3 Savings Achievements: Q3 Activity • Organized and hosted the Trade Ally Advisory Group Net Gen kW Net Gen kWh Net Dth (TAAG) meeting. Most of our Top Ten HPwES 93 65,529 3,120 partners attended the meeting along with several other participants of the
Slide 22: Low Income Multi-family (Electric & Gas)
Low Income Multi-family (Electric & Gas) • Partnership with Energy Outreach Colorado (EOC) offers energy efficiency grants for non- profit organizations serving low-income individuals and families – enabling non-profits to reinvest in community services • Product expects to meet/exceed 2018 targets
Slide 23: Networking Break
- Networking Break - Q Xcel Energy:
Slide 24: DSM Pilot and Product Development Q3 2018 Highlights
DSM Pilot and Product Development Q3 2018 Highlights Thor Bjork Team Lead, DSM Product Development
Slide 25: Thermostat Optimization Pilot – Q3 2018
Thermostat Optimization Pilot – Q3 2018 Tendril’s Orchestrated Energy 2018 • Ecobee Pilot preliminary results − 175 Ecobees − Average DR savings = 1 kW − EE Savings = 19% • Nest Pilot preliminary results − 55 Nest (XE, Google employees only). − Savings not available yet. • Nest Summer Seasonal Savin
Slide 26: DSM Pilot Highlights: ENERGY STAR Retail Products Platform
DSM Pilot Highlights ENERGY STAR® Retail Products Platform • On track to meet electric forecast • Not likely to meet gas forecast due to removal of basic clothes dryers • Continued strong sales of the highest tier Clothes Washers and Room AC’s • M&V consulting work on track with EMI Consulting, resu
Slide 27: 2-Way Communicating DLC Switches
2-Way Communicating DLC Switches • Direct load control switches with two-way communications that control AC's & water heaters (evolution of Saver's Switch program) • Enabled by Advanced Grid Intelligence and Security (AGIS) and Advanced Metering Infrastructure (AMI) already in development. • Current
Slide 28: Smart EV Charging
Smart EV Charging • Filed brief description of pilot in 2019/2020 DSM Plan • Objectives: – Test customer interest in smart charging product – Evaluate different energy efficiency and demand response aspects achievable through smart charging 28
Slide 29: SMB and Multifamily Thermostat Demand Response
SMB and Multifamily Thermostat Demand Response • Similar control strategies and technologies but different challenges – Lack of uniformity and engagement among small businesses – Difficult to determine savings in multifamily settings • In the early stages of customer insights analysis and technical
Slide 30: Water Heater Demand Response
Water Heater Demand Response • Utilize smart electric water heaters for demand response and renewable integration • Currently in Stage 1 – Define the Problem • Planned to launch April 2020 30
Slide 31: High Bill Alerts
High Bill Alerts • Exploring if we can achieve enough behavioral savings from high bill alerts to include them in the DSM portfolio • Unverified studies suggest savings from .72% for alerts only and .25% for high bill alerts layered on home energy reports Will get the results of an independent evalu
Slide 32: Residential Battery Demand Response
Residential Battery Demand Response Objectives Test elements key to establishing a future residential battery demand response product. • Battery performance • Customer value proposition • Integration with the Company’s Demand Response Optimization and Management System Current Status • Filed pilot i
Slide 33: Geo-targeting
Geo-targeting Using energy efficiency and demand response to defer or avoid the need to invest in a traditional distribution solution (e.g., transformer) 2019 2020 2021 2022 Invest Current Status • Filed pilot in 2019/2020 DSM Plan • Deferring new transformer and feeder • Lakewood/Rooney Valley area
Slide 34: Advanced RTU Retrofit Controllers (ARC)
Advanced RTU Retrofit Controllers (ARC) • Our progress: − Defined all the preconditions that need to be met − Found a programmatic fit that can satisfy the pre-conditions − Measure has been added to our HVAC roadmap for future development 34
Slide 35: Ozone Laundry
Ozone Laundry • Moving from custom to a midstream program • $20 per pound capacity of washing machine incentive to distributors • Hotels, healthcare (including nursing homes), hospitals, and prisons • Estimated 10,000 Dth/year savings • Additional customer benefits include ~20% water use reduction a
Slide 36: Appliance Recycling
Appliance Recycling • Pick up room air conditioners in tandem with refrigerators • No rebate given; just the convenience of getting appliances removed for free • Will have one community event in 2019 – customers bring their appliance to a designated public location for collection that day Launching
Slide 37: ENERGY STAR Radon Fan
ENERGY STAR Radon Fan • Adding measure to Energy Star New Homes • Will be incentivized similarly to an appliance rebate • More cost effective in new homes • No significant use of ES model in market currently • Survey results and conversations with industry professionals indicate solid market potenti
Slide 38: Product idea submissions
Product idea submissions Share your Product Ideas: www.xcelenergy.com/productideas 38 38
Slide 39: Questions? Thank you
Questions? - Thank you - (2) Xcel Energy‘ PO