Topic:"Incentive Structures" in M11983

Table 1: 2024 Approved Plan, Mid-Course Adjustments, Year-End Forecast, and Q3 Results 202 4 Plan as Ap proved 2024 M id-Course Adj ustments 2024 Year-End For ecast Q. 3 and YTD 2 024 Resu ılts F rogram Status Residential Subtotal 69.3 524...

AI summary The table provides a detailed overview of the 2024 Approved Plan, mid-course adjustments, year-end forecasts, and Q3 results for residential and business energy rebate programs. It includes metrics such as program status, participation, and performance across different categories.

1 Table 2: Participation Rates Participation 2024 Plan as Approved 2024 Mid Course (MCA) Q3 2024 Results YTD 2024 Results % of YTD 2024 Results to MCA % of 2024 Plan as Approved Participation Unit Efficient Product Rebates 101,991 255,495...

AI summary Table 2 presents participation rates for various energy efficiency and demand-side management programs in Nova Scotia under the 2024 Plan as Approved, Mid-Course Adjustment (MCA), and year-to-date (YTD) results. It highlights performance metrics such as the percentage of YTD results compared to MCA and the 2024 Plan as Approved, with notable variations across different programs.

Table 3: Unit Cost First-Year Unit Cost 2024 Plan as Approved ($/kWh) 2024 Mid-Course Adjustment ($/kWh) 2024 Year-End forecast ($/kWh) 2024 Actual YTD ($/kWh) Efficient Product Rebates 0.44 0.41 0.47 0.45 Appliance Retirement Instant Savi...

AI summary Table 3 presents unit costs for various energy efficiency programs in Nova Scotia for 2024, including approved plans, mid-course adjustments, year-end forecasts, and actual year-to-date figures. The table includes data for residential, low-income, and business programs, with references to the 2023-2025 DSM Resource Plan Compliance Filing.

17 4.1 Residential Efficient Product Rebates - 18 The Residential Efficient Product Rebates program consists of two program components: - 19 Appliance Retirement; and - 20 Instant Savings.

AI summary The Residential Efficient Product Rebates program, managed by Efficiency Nova Scotia, includes two components: Appliance Retirement and Instant Savings, aimed at promoting residential energy efficiency through rebate incentives.

RESIDENTIAL EFFICIENT PRODUCT REBATES (2024) - The forecast shows Residential Efficient Product Rebates is on track to achieve its mid-course adjusted energy savings and demand savings. - The latest spending forecast for 2024 is higher tha...

AI summary The Residential Efficient Product Rebates (2024) program is on track to meet mid-course adjusted energy and demand savings targets. Increased 2024 spending forecasts stem from higher-than-expected uptake of lighting rebates during spring and fall Instant Savings campaigns.

Instant Savings Highlights - Q3 energy and demand savings were consistent with expectations as the program component geared up for its fall campaign, which launched September 23 and will run until November 17. Like the spring campaign, fal...

AI summary Q3 energy and demand savings aligned with expectations as the fall campaign (Sep 23-Nov 17) launched, offering higher LED lighting rebates (up to 80%) compared to spring (70%). Marketing efforts included digital channels. Appliance replacement savings are tied to specific programs, with E1 administering initiatives and DSM funds covering costs for non-electrically heated homes.

Program Component • The Business Energy Rebates program component provides financial incentives in the form of prescriptive rebates to BNI participants through both the Application Rebates and the Instant Rebate service. Application Rebate...

AI summary The Business Energy Rebates program offers prescriptive rebates to BNI participants via Application Rebates (requiring E1 project applications) and Instant Rebates (through distributor networks). Applications are available on the ENS website.

Business Energy Rebates Highlights - The Application Rebates service of Business Energy Rebates had a strong Q3, while the Instant Rebates service results for Q3 were slightly lower than expected (as compared to previous years). - In the I...

AI summary Business Energy Rebates saw mixed Q3 results: Application Rebates performed strongly, while Instant Rebates fell short of expectations. Instant Rebates may improve in Q4 due to increased lighting rebates and new distributors. Solar PV pilot rebates gained traction with 40+ applications, but roadway lighting received no submissions. Marketing campaigns for BNI and in-store rebates exceeded engagement goals. The team aims to close Application Rebates projects by year-end to offset Instant Rebates' shortfall.

2 5.2 Custom Incentives - 3 The Custom Incentives program consists of the following two program components: - 4 Custom; and - 5 Strategic Energy Management. 6 1

AI summary The Custom Incentives program includes two components: Custom and Strategic Energy Management. The text outlines the structure of the program without detailing specific arguments or regulatory references.

1 Table 7: Custom Incentives CUSTOM INCENTIVES (2024) Custom Incentives Energy Savings (GWh) Demand Savings (MW) Expenditure ($ million) Unit Cost ($/kWh) 2024 Plan 25.7 5.1 8.4 0.33 2024 MCA Target 31.3 4.6 8.6 0.28 2024 Year-End Forecast...

AI summary Table 7 outlines Custom Incentives performance in 2024, showing projected overachievement of energy and demand savings targets. The forecast indicates 35.5 GWh energy savings and 5.6 MW demand savings by year-end, driven by Retrofit service projects. Expenditure is expected to reach $9 million with a unit cost of $0.25/kWh.

CUSTOM INCENTIVES (2024) - Strategic Energy Management supported 11 customers in Q3, with one new participant beginning their participation in Q3. Discussions are underway to recruit an additional two participants in Q4. - Two participants...

AI summary Strategic Energy Management supported 11 customers in Q3, with one new participant joining. Two participants submitted savings claims in Q3, though most savings are anticipated in Q4. Efforts to recruit two additional participants are ongoing.

Small Business Energy Solutions Highlights • Small Business Energy Solutions saw a large uptick in applications in Q3 following several changes made in the program component in Q2 (the consumption cap for eligible businesses increased to 6...

AI summary Small Business Energy Solutions saw a significant increase in applications in Q3 2024 following Q2 modifications: raising the annual consumption cap to 600,000 kWh, extending the preapproval window to 180 days, and increasing unitary incentives across measures.

2 7. INCENTIVE REPORTING - 3 In the NSUARB's Decision on the 2023-2025 DSM Plan, E1 was directed to "identify any instances - 4 where E1 has adjusted the per unit incentive amount for a measure by more than 10% from the - 5 amount included...

AI summary The NSUARB directed E1 to explain variances in incentive adjustments exceeding 10% from the 2023-2025 DSM Plan. E1 adjusted the Instant Savings component of the Efficient Product Rebates program by +/-10% in Q3, referencing NSUARB Decision M10473.

Efficient Product Rebates - Instant Savings - 4 To increase participation in the fall campaign resulting in additional savings from the lighting - 5 category, E1 increased rebates for several measures in Q3. Incentives had previously been...

AI summary E1 increased rebates for lighting measures in Q3 to boost fall campaign participation, changing incentives from a dollar-per-unit amount and 65% of retail price to 80% off with a $30 cap on LED fixtures.

Table 11: Q3 and YTD 2024 Results Applicable to Low-Income and Underserved Communities, Non-Targeted Programs 2024 Pla n Performa nce Indicators S 20: 24 Mid-Cou rse Adjustm ents 2024 Foreca ast (Year-Er nd) Q3 and YTD 2024 Re esults Busin...

AI summary Table 11 provides Q3 and YTD 2024 results for low-income and underserved communities and non-targeted programs, including performance indicators for Business Energy Rebates, Custom Incentives, Direct Installation, and Small Business Energy Solutions under the BNI category.

1 Table 5: Custom Incentives Rate Class Results Custom Incentives (2024 YTD) First-Year Energy Savings (GWh) Lifetime Energy Savings (GWh) Peak Demand Savings (MW) Expenditures ($ million) Projects / Participants (#) Residential/Charitable...

AI summary Table 5 presents 2024 YTD results for custom incentives across Nova Scotia rate classes, showing energy and demand savings, expenditures, and project participation. Total lifetime energy savings amount to 198.6 GWh, with total expenditures at $4.6 million. Numbers may not sum due to rounding, and expenditures are unaudited.

Savings Program increased from $0.36 in the mid-year forecast to $0.43 in the year-end - forecast. What factors are contributing to this rise in the cost per unit of savings? Response IR-03: - The mid-course adjusted target of 12.5 GWh wit...

AI summary The cost per unit of savings for the Instant Savings Program increased due to higher rebates and high uptake in both spring and fall campaigns. The Residential Behaviour Program's savings dropped significantly from 29.8 GWh to 4.4 GWh, with an increase in cost per GWh, likely due to lower participant engagement and changing behavioral outcomes.