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Feed In Tariffs David Lipschitz At RETECH 2009 by Mind Map: Feed In Tariffs
David Lipschitz
At RETECH 2009
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Feed In Tariffs David Lipschitz At RETECH 2009

Presenters

Mike Eckhart

Architecture of original FITs

you must buy at this price

whatever the utility avoided it had to pay you, eg if you provided an alternative, then the utility had to pay you the price that they avoided

RPS, in UK and USA, leaves the price to the market, unlike Germany which sets the price for the long term, Renewable Portfolio Standards (RPS)

if you regulate the price you give the private sector the opportunity to do what needs to be done

government regulates the interest rate (price) and therefore this isn't any different

Murray Cameron

COO: Phoenix Solar, based in Germany, 2 people in 1999 to >230 today

VP: EU PV Industry Assoc (EPIA)

History of FITs in Europe and Germany

The impact of FITs on a particular company in Europe, Simple concepts, doesn't cost the country anything, because no investment required, therefore can pay a surcharge

Impact, What has it done?, Focussing on Solar, price of solar has come down dramatically, at the same time FIT's have gone up

Wilson Rickerson

energy policy design and development at the municipal level

how have FIT's effected economic development

R. James Woolsey

START, Strategic Arms Reduction Talks with the Soviets and USA

Now a Venture Partner with Vantage Point

Why Energy Security is essential for a country's security

The electricity grid has no built in resistance to outside attack because it is centralised, physical vulnerabilities, violence, eg the spare transformer is right next to the main transformer, a bullet from a rifle is enough to shut one down, psyber attacks on the scada systems

threats, malignant, malevolent

electromagnetic pulse from nuclear warheads, Clive Cussler: Dragon, Dirk Pitt

[all this energy insecurity leads one to the conclusion that the fastest way to resolve these threats is with decentralised energy]

John Burges

Financing Renewables

Knight, $1.8 Billion of Cash, Focus on small cap and micro cap stocks, Most of the clean tech companies fall into SMME category, 38% market share

What attracts capital, regulatory stability, boom and bust rqd in USA, supportive long term framework, assured interconnection, simplicity, federal vs state vs IOU vs Muni in USA, numerous variations in USA, US fails at all of these, ROI of 5 to 10% can attract capital, eg pension fund capital, 7% returns in Germany, Feed in Tariffs, No price risk, no volume risk, limited or no regulatory risk once project is built, counterparty risk is ...

NREL study, RE creates the highest jobs, highest economic benefits, it works, it has the most rapid growth, FITS provide investment security, ROI in Germany is lower is acceptable because it is known for the long term and is not changed

Allows one to create a "bankable contract" because of the 20 year fixed rate timeline

x

The Green Energy Act Alliance

in Ontario, Canada

RESOP, Renewable Energy Standard Offer Program, 42c/kwh for solar PV, wind, hydro different pricing, Now the Green Energy and Green Economy Act, 2009 (GEA), Ontario total power 30,000MW by 2025

Obligation to Connect

Smart Grid Investments = Demand Management

Streamlines Approvals Process

Energy Conservation

contact, www.greenenergyact.ca (campaign site), www.ontariogreenenergyact.ca (Government Site)

Cheri Olf

assembled 15 institutions of higher educations into ACORE

how can RE be brought to campus in a cost effective manner?

colleges and universities use 5% of all electricity use in the USA

ACORE Higher Education Committee

John Geesman also spoke

"rivers of money" from standard utility energy

"rivers of money" needs to be channeled to the right place

solve the problem by "carbon option revenue"

Louis

the Alliance for Renewable Energy

lead the panel

names

RED's: RE Dividends

RER: RE Rates

In Germany Tariff means rate

An RPS and a FIT go together

the RPS is used to set the FIT

Energy Security

[what is the cost of being out of action for 4 days per year, or for 4 hours unexpectedly at any time?]

Examples

Ontario

$.42 per kwh

USA

From the bottom up

Florida, $.32/kwh, replaces both rebate and net metering, 4MW per year

Germany

100% goes into the grid

$1.34 per kwh in Aachen in 1993, Gainsville in Florida only doing this in 2009

principles

utility must connect anyone to the gird

they must buy all the energy that is produced

15 to 20 year contracts

must buy at a fixed price for the length of the contract

prices vary (differentiated) according to

type of technology

size of system

by application, fuel, resource

how do you ensure that the FIT reaches the right level?

German govt takes out a revision of the FIT law every 3 or 4 years. The FITs are simple and easy to tweak