GREENING EASTHAMPTONS

LOCAL ECONOMY
MIKE GORDON
CEO, JOULE ASSETS
JUNE 15, 2016

COMMUNITY CHOICE AGGREGATION (CCA)

Relocates authority to designate default energy supplier(s)

from Albany to your local town or village

WHY CCA?
Swiss army knife energy policy enables communities to:

Fix energy rates

Procure existing large-scale renewable energy more competitively
Dictate the (contract) terms of energy purchasing
Achieve peak demand reductions
Finance local development (i.e. offshore wind, community solar)
when fossil fuel prices go up through renewable bank
Acquire consumption data for energy planning

CCA BY THE NUMBERS

Over 5 million electric customers nationwide enrolled in a CCA
New York becomes 6th state with active CCA programs

107,000 currently served by Westchester Power, states first CCA

Estimated reduction of 300,000 tons CO2 (NYSERDA)

Statewide rules established by PSC April 21, 2016

Fixed rate supply contracts:

ConEd : 32 months (ConEd Solutions)
NYSEG: 36 months (Constellation)

5.5-10.5% savings vs. 12-mo. avg. utility supply rate

Free opt-out at any time with no penalty
14 of 20 communities selected 100% Renewable
(Green-e certified RECs) default
Contract provides for future renewable
development and efficiency programs

REDUCING THE NEED FOR POWER PLANTS

YOUR COMMUNITY, YOUR CHOICE
25% of our power costs are determined by what we consume in one hour
of the year
If we reduce our consumption in that one peak hour, our electricity
supplier will have millions of dollars of extra band-width supply to sell
next year
Our contract ensures that our consumers get those millions of dollars
when our supplier sells that band-width

REDUCING THE NEED FOR POWER PLANTS

WHEN WILL THAT HOUR BE AND WHAT DO WE DO?
The Peak Power Hour program tells you the night before
and confirms the morning of: Today at 4PM might be the
day, lets reduce power at home and join our neighbors for
a party

To join, text South Fork to:

(646) 267 - 5370

LONG ISLAND ENERGY LANDSCAPE

TODAY
Largely unregulated monopoly
Tariffs and RFPs
Long-term contracts w/centralized
power plants
You can earn by intelligently
managing what you consume

TOMORROW (18 months?)

Competitive markets: you choose
your supplier
The utility earns more when you
are happier and more engaged
You earn and save more when you
intelligently manage what you use

WHAT CAN LONG ISLAND COMMUNITIES DO NOW?

SOUTH FORKS PEAK DEMAND PROBLEM

JAN

2014 electricity demand (hourly)

DEC

Nearly 25% of your power plants exist to serve you for only 10 hours each year.

Peak Power Hour informs you when those hours are. You prove that you are the
resource that can replace those power plants and the text service will tell you
when you are eligible to get paid for what you turn off in those ten hours

Text South Fork to

(646) 267 - 5370

BUILDING RENEWABLE GENERATION AS A REGIONAL ECONOMY

Renewable Bank 1. Finance a new, renewable power plant,

2. direct your supplier to buy from the plant you built and
3. to sell the excess power they previously purchased;
100% of profits from the sale support the new renewable plant you built

Thank you!

mgordon@jouleassets.com
Peak Power Hour empowers the South Fork to:
take charge of your peak demand challenge,
Inform yourself on when the power market
becomes competitive, and
share in value of avoided costs to PSEG/LIPA

Text South Fork to

(646) 267 - 5370

EXTRA SLIDES

JOULE COMMUNITY ENERGY MODEL

Recurring revenue for locally engaged teams
Unifying consumer and environmental groups
Renewable Bank supplier sells excess power when FF markets move up
energy reduction products- pay residents for managing consumption at peak
through control of smart thermostats

Educating consumers
Openly address risks
How can consumers gain and add value to energy markets?

OPT OUT RATES BY COMMUNITY

OVERALL RATE: 6.3% (NATL AVG: 10%)
ConEd Territory

NYSEG Territory

New Rochelle

5.6%

Bedford

4.2%

Greenburgh

4.2%

Bedford

Mamaroneck Town

5.7%

New Castle

4.1%

Ossining Town

4.2%

Hastings

Lewisboro

4.4%

Irvington
Larchmont

3.4%
4.3%

Mt Kisco

Rye Brook

North Salem

4.6%

Ossining Village
Pleasantville

10.6%

5.1%

Mamaroneck Village

Pelham

13.4%

11.9%

5.3%
3.0%
4.0%
4.6%

Somers

Tarrytown

5.6%

White Plains

5.5%

16.7%

Utility Supply Customers by Community

White Plains 17066

Bedford 5991
Greenburgh 12901

Tarrytown 4018

Hastings 2547
Irvington 1986
Larchmont 1519
Lewisboro 4313

Somers 7475
Rye Brook 2834
Pleasantville 2405
Pelham 582

Mamaroneck 4124
Mamaroneck 6417

Ossining 6608

Mount Kisco 3275

Ossining 1689
North Salem
Newcastle 5014
New Rochelle 20943