E-1Report
8 passages
1. INTRODUCTION - The third quarterly report of 2024 (Q3) summarizes EfficiencyOne's (E1) Demand Side - Management (DSM) results as administrator and operator of the Efficiency Nova Scotia (ENS) - franchise for the period of July 1 to Sept...
AI summary EfficiencyOne's Q3 2024 report outlines Demand Side Management (DSM) results under the Efficiency Nova Scotia franchise, including energy and peak demand savings. The NSUARB approved a 2023-2025 DSM Plan with specific targets, including 412.7 GWh annual energy savings and 78.8 MW peak demand savings. Mid-course adjustments in 2024 set revised targets within a $59.6 million investment.
2. YEAR-END FORECAST E1 updated its year-end forecast in October 2024 and is projecting to meet its energy and available capacity 2024 mid-course adjusted targets at the portfolio level, while net peak demand savings, and net energy saving...
AI summary E1 updated its 2024 year-end forecast, projecting meeting portfolio energy and capacity targets but falling short on net energy savings for specific programs. Forecasted expenditures exceed mid-course adjusted targets due to higher residential sector spending, including increased uptake in rebates and heat pump installations. The Mi'kmaw Home Energy Efficiency Project and Affordable Housing initiatives face shortfalls, while Residential Efficient Product Rebates overachieve.
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 Small Business Energy Solutio...
AI summary Table 1 presents data on the 2024 Approved Plan, Mid-Course Adjustments, Year-End Forecast, and Q3 Results for various energy programs. It includes metrics such as targets, achievements, and forecasted outcomes for initiatives like Small Business Energy Solutions and BNI Subtotal.
Numbers may not sum due to rounding. Energy and demand savings are calculated at the generator and are net of free-ridership and spillover. Expenditure amounts are unaudited. The mid-course adjusted targets incorporate organizational insig...
AI summary The document discusses mid-course adjusted targets for energy and demand savings, incorporating updated program evaluations and organizational insights. It outlines the status of the New Residential program, which ended in December 2023, and highlights program performance against mid-course targets, with color codes indicating variances. Low-income participation and demand response results during the 2023/24 peak season are also mentioned.
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.
Affordable Multi-family Housing Highlights - Energy savings remained low in Q3, as the program component is receiving fewer applications for prescriptive projects than expected in 2024. Average savings per project have also declined, prima...
AI summary Energy savings in the Affordable Multi-family Housing program remained low in Q3 2024 due to fewer prescriptive project applications and smaller building sizes. Efforts to boost participation included revising affordability criteria, planning webinars, and improving application intake. A marketing campaign targeting non-profits continued, with a Q4 email campaign planned for multi-unit residential buildings.
8. LOW-INCOME, DIVERSE, AND UNDERSERVED COMMUNITIES - The NSUARB has established a separate Performance Target of 15.8 GWh for cumulative annual - energy savings applicable to Affordable Multi-family Housing, Affordable Single-family Homes...
AI summary The NSUARB set performance targets for energy savings in affordable housing and low-income communities, with E1 forecasting underachievement in some programs due to fewer applications and smaller buildings, while non-targeted programs are expected to exceed targets. Incidental savings from low-income participation in E1 programs are also tracked.
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 First...
AI summary Table 11 presents Q3 and YTD 2024 results for energy efficiency programs targeting low-income and underserved communities, including Efficient Product Rebates and Appliance Retirement. The table shows performance indicators such as energy savings and participation numbers for these initiatives.