Item 5- Briefing GreenChoice — original pdf

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GreenChoice Subscription Program Tim Harvey Customer Renewable Solutions Manager January 2024 © Austin Energy Agenda 2 1 3 Milestones and Data Current Program Design Discussion and Q&A 2 GreenChoice Product Overview GreenChoice (Website) Residential and Commercial 100% for most customers 9 ‘Patron’ commercial customers subscribe to fixed blocks of energy Texas Green-e® None Program Eligible Customer Class Customer Energy Offset Geographical Boundary Third Party Certification Upfront Costs Austin Energy (CRS) Austin Energy (EMO) Wind Developer Owns/Maintains System X Issues RFPs Reviews RFPs Manages Program X X X 3 Program Milestones Batch 6 GreenChoice Batch 3 GreenChoice Batch 4.1 & 4.2 GreenChoice SmartCents BusinessCents Energizer Patron 15 GreenChoice Patron 20 GreenChoice 1998 2001 2002 2004 2006 2008 2012 2015 2017 2018 2019 2021 2023 Batch 4 GreenChoice Patron 14 GreenChoice Batch 1 & 2 GreenChoice Batch 5 GreenChoice Patron 17 GreenChoice Patron Revision GreenChoice 4 GreenChoice Participation by Customer Class (CY22) Annual Customers Annual MWhs 338, 1% 220,744.24, 22.44% 27,949, 99% 762,876.76, 77.56% Residential Commercial Residential Commercial • GreenChoice premiums for FY22 were roughly $7.3M • Green Choice premiums for FY23 were roughly $-4.5M • City of Austin properties represent 45% of GreenChoice participation • Premiums directly affect Power Supply Adjustment (PSA) charges 5 Utility Wind Assets Installed Capacity (MW) 2022 Annual Production (MWhs) Contract Expiration Date Generator Whirlwind Hackberry 59.8 165.6 184,565.78 334,098.35 Los Vientos II Whitetail Jumbo Road Los Vientos III Los Vientos IV Karankawa* Raymond* Pattern Gulf* TOTAL 201.6 92.3 299.7 200 200 206.64 200 170 1,795.64 * Wind generation used to cover retail sales for the CY22 Green-e audit 437,958.15 223,745.77 1,002,282.28 676,561.62 675,736.45 592,694.36 669,700.17 306,151.78 5,103,494.71 First Year of Commercial Operation 2007 2008 2012 2012 2015 2015 2016 2019 2020 2021 2027 2023 2037 2037 2033 2040 2041 2034 2032 2041 • • In CY22 Austin Energy renewable generation represented 53% of total load 18.6% of wind energy produced was allocated to GreenChoice subscribers • Green-e Renewable Energy Credits must come from facilities built within 15 years of retail purchase • Renewable Energy LEED credits are only given to projects purchasing renewable energy from facilities built within the last 5 years Karankawa wind farm is located in south Texas. 124 turbines sit on 18,000 acres (owned by 65 landowners). It is owned by Avangrid Renewables and sells power to Austin Energy and Nike. Photo Credit: Chris Rank 6 Commercial GreenChoice Products BusinessCents Energizer Patron 20 Rate ¾ of a penny per kWh Fixed/Fixed Premium Applied Energy Usage Contract Required (Y/N) Contract Terms 100% of consumption Specified in contract (Min 100,000 kWh per billing month) up to 100% N N/A Y Y 12-month (Converts to month-to-month after contract end date) Specified in contract Offering End Date Ongoing Ongoing 5 Year Contract Note: GreenChoice is currently updating the Patron rate for 2024. Current Patron customers are locked in for the remainder of their 5-year contracts 7 Third Party Certification Programs Green-e Climate Green-e Energy Products and Services Brokers Renewable Energy Credits Green-e Marketplace Wholesale Renewable Energy Green-e Renewable Fuels Carbon Offsets Certifies Companies What Does the Annual Audit Entail? Program Coordinator + Internal Auditor review • Facility Information • Attestations • Eligibility (date requirement) • Supply • Generation Data • Invoices • Resource Mix • Sales • Residential and Non-Residential Retail Sales • Block/Percentage of Use • Electric Vehicle Charging Station Data • LEED Customer Data • Retail Customers Purchasing >10,000 MWh • Marketing • Website • Program Collateral • Customer Service Knowledge Test • REC Transfers and Retirement 8 GreenChoice and Corporate Sustainability BusinessCents Energizer Patron Flexibility Company-Level Sustainable Energy Claims Industry-Level Sustainability Energy Claims X X • GreenChoice provides the flexibility • Rating systems, such as LEED X X X X X X • On-site solar provides the most LEED points for renewable energy, followed by renewable energy contracts 9 GreenChoice Feedback • 83% of respondents are satisfied with GreenChoice. • 12% are ‘Neither satisfied nor dissatisfied.’ • 83% are satisfied with the ‘Ease of enrolling in GreenChoice.’ • 72% are satisfied with the ‘Ease of maintaining subscription.’ • 62% are satisfied with ‘GreenChoice Pricing.’ (Bill presentment issue). • 54% of respondents are ‘Extremely Likely’ to recommend GreenChoice to others. • 29% are ‘Somewhat likely.’ • 13% are ‘Neither likely nor unlikely.’ A GreenChoice survey was emailed to ~17,000 residential and ~100 commercial GreenChoice subscribers on May 31, 2023. 6.8% of residential and 4% of commercial customers confirmed they are GreenChoice subscribers and completed the survey. 10 Questions? © Austin Energy. All rights reserved. Austin Energy and the Austin Energy logo and combinations thereof are trademarks of Austin Energy, the electric department of the City of Austin, Texas. Other names are for informational purposes only and may be trademarks of their respective owners.