clean power plan: a western and utah perspective on compliance with the rule power through ideas...
DESCRIPTION
Three options for compliance through “trading-ready” plans Energy Strategies LLC 3 Rate-Based Apply Subcategory rates to EGUs Use State GoalCustomized rates Mass-Based Apply Mass-based standards to affected EGUs Apply mass- based standards to affected and new EGUs State Measures Mass-Based Use mass-based state goal. Entities other than EGUs are responsible for compliance measures.TRANSCRIPT
Clean Power Plan: A Western and Utah Perspective on
Compliance with the Rule
Power Through Ideas
Utah Air and Energy SymposiumOctober 27th, 2015
Jeff BurksEnergy Strategies, LLC
2
Multiple pathways for state compliance
Energy Strategies LLC
Rate-Based Mass-BasedState Measures
Mass-Based
3
Three options for compliance through “trading-ready” plans
Energy Strategies LLC
Rate-Based
Apply Subcategory
rates to EGUs
Use State Goal
Customized rates
Mass-Based
ApplyMass-based standards to
affected EGUs
Apply mass-based standards to affected and
new EGUs
State MeasuresMass-Based
Use mass-based state goal. Entities other than EGUs are responsible for compliance measures.
4
AZ CO ID MT Navajo NM NV OR UT Ute WA WY -
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
Total Planned ERC 2030 ERC for CPP Compliance Trading Ready
Emis
sion
Red
uctio
n Cr
edits
(ERC
s)2030 Western States Rate-Based Goals
(Trading Ready)
5
Western State Compliance under a Rate-Based Plan
AZ CO ID MT Navajo NM NV OR UT Ute WA WY -
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
Total Planned ERC 2030 ERC for CPP Compliance Trading Ready
Emis
sion
Red
uctio
n Cr
edits
(ERC
s)
6
2030 Western States Mass-Based Goals (Trading Ready)
AZ CO ID MT Navajo NM NV OR UTE UT WA WY -
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
EPA 2030 Carbon Emission Goal (Short Tons) Expected 2030 Carbon Emission (Short Tons)
Shor
t Ton
s CO
2
7
Western State Compliance under a Mass-Based Plan
AZ CO ID MT Navajo NM NV OR UTE UT WA WY -
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
EPA 2030 Carbon Emission Goal (Short Tons) Expected 2030 Carbon Emission (Short Tons)
Shor
t Ton
s CO
2
8
Utah’s statewide projected compliance gap under a rate-based plan
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
ERCs Required for Compliance
Emis
sion
Red
uctio
n Cr
edits
(ERC
s)
ERCs required for compliance
ERCs created by 2030
Shortfall of ERCs
9
Utah’s statewide projected compliance surplus under a mass-based plan
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2012 Carbon Emission (Short Tons)
Shor
t Ton
s CO
2
Potential Surplus of Allowances
Projected 2030 CO2 Emissions
CO2 Emissions Cap
10
Huntington Unit 1CO2 Emissions Compared to Goal
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 -
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
Sho
rt To
ns
First Year of Compliance
2022
CPP Emissions Goal for Huntington 1
Huntington Unit 1CO2 Emissions