E-12024 DSM Annual Progress Report
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3.3 2024 Expenditures - In 2024, E1's total expenditures were $65.7 million, $6.1 million, or 10%, above the mid-course - adjusted planned spending levels of $59.6 million, and $8.2 million, or 14%, above the 2024 Plan - as Approved spendi...
AI summary E1's 2024 expenditures of $65.7M exceeded planned spending by 10% and the 2024 Plan by 14%, driven by reinvestment of 2023's $7.8M underspend and increased spending on DSM initiatives, including a new five-year DSM Plan and a cost-effectiveness test mandated by the NSUARB. Incentive expenditures remained comparable to 2023 levels.
5 Table 10: 2024 Direct Installation DIRECT INSTALLATION (2024) Direct Installation Energy Savings (GWh) Demand Savings (MW) Expenditure ($ million) 2024 Results 10.9 2.2 7.3 2024 MCA Target 10.6 2.6 6.5 • Direct Installation met its mid-c...
AI summary Table 10 shows Direct Installation met its 2024 mid-course adjusted energy savings target (10.9 GWh vs. 10.6 GWh) but fell short of demand savings (2.2 MW vs. 2.6 MW). Increased unitary incentives in Q2 drove higher-than-target expenditure ($7.3M vs. $6.5M).
1 Table 1: Historical Expenditures by Rate Class Historical Expenditures by Rate Class Plan as Actual Variances Rate Class Approved ($ million) Expenditures ($ million) 2016-2024 Actual Compared to 2016- 2024 Plan as Approved 2016-2024 Act...
AI summary Table 1 presents historical expenditures by rate class from 2016-2024, showing variances between approved plans and actual spending. E1's total expenditures fell short of the approved plan by 3%, with significant deviations in categories like Small General (37% over) and Municipal (38% under). The data reflects program performance against targets.
12 2024 Rate Class Results by Program - 13 [Table](#page-55-0)s 3 7 provide a breakdown of 2024 net incremental energy and net peak demand savings, - 14 expenditures, and participation achieved by rate class within the energy efficiency pr...
AI summary The document presents tables (3 and 7) detailing 2024 net incremental energy and peak demand savings, expenditures, and participation rates by rate class under energy efficiency programs. The data reflects outcomes across different customer segments within Nova Scotia's regulatory framework.