NR 507 Latest Update with Verified Solutions

NR 507 Latest Update with Verified Solutions Levelized cost of energy Cost of kWh per plant per plant life. All costs LCOE Renewables High upfront cost, low over time LCOE non renewables Low cost upfront, Med/High over time Rate Formula R=OM+(V-D)r (V-D)r (rate base) Value of investment in infrastructure - depreciation r= profit allowed to utility OM Operating and Maintenance costs ISO + roles Independent System Operator(s) 1) Ensure reliability - load = demand 2) Manage Markets - day ahead, real time 3) Long Term Planing RPS Renewable Portfolio Standard -Market based policy increasing amount of renewable energy Purpose of RPS's Reduce dependence on foreign oil Reduce risk+volatility in energy costs Reduction of air pollution + greenhouse gasses Foster new and local employment opportunities How do RPS's work Compliance obligation (how much renewable power?) Set Classes/tiers (What kind of power is renewable?) Compliance Path (installed capacity, purchased renewable attribute) Environmental and sustainability impacts of energy decisions Extraction- Damaging ecosystems (mining, drilling, oil spills) Generation- Air pollution, wind turbine blades (bats, birds) Disposal- Radioactive shit (where to put it), coal ash (rivers) Resiliency and Security (Physical and Cyber Attacks) Feed in Tariffs "Buy all, Sell all" -Sell all power produced -Buy all power needed User purchases separate from generation Policy is tied to production of the system FIT Benefits Flexible One meter measures use of the location while FIT measures system output Guaranteed payment of term of years for full output FIT LCOE Approach FIT = LCOE + output Based on Cost Keyed to output Secure Private investment, Transparent, cost deffered over time, with monitoring and modification it can respond to market conditions FIT Value based approach Value to utility/society/both Energy values Health/societal values NH State Energy Pan (4 points) Grid Modernization (Educate users on Smart Grid) Renewables (Balance between large, med, small) Energy Efficiency (Least expensive "source", fix utility rate design) Fuel Choice (Disparities in fuel availability/price hurt consumers w/ no choice) Energy Strategies Developing NH Energy 1. Business as usual forecast 2. Energy Vision (end goal) 3. Resource Potential (tech, economic, resource potential) 4. Gap Analysis (Priorities and barriers) 5. Policy Discussion