Perspective on $0.244/kwh Deepwater - National Grid, Y1
Additional fees and taxes apply to kwh billing. For example, MD is an RGGI member, too. Itemization of Feb 2010 (seasonal residential rate/kwh) is as follows. And this wasn't an actual meter reading; Pepco estimates and bills! har har har.
Distribution Services 0.02247 (x 460KWH) Energy Charge 0.00003 (x 460KWH) Demand Side Management Surcharge 0.00062 (x 460KWH) Franchise Tax (delivery) 0.00015 (x 460KWH) Universal Service Charge 0.00533 (x 460KWH) MD Environmental Surcharge 0.00105 (x 460KWH) MoCo Energy Tax 0.02040 (x 460KWH) Gross Receipts Tax (%) (0.00093)(x 460KWH) RGGI Rate Credit (0.00105)(x 460KWH) Administrative Credit SUBTOTAL $19.64
Generation Services 0.11579 (x 460KWH) Energy Charge 0.00016 (x 460KWH) Procurement Cost Adjustment SUBTOTAL $53.34
Transmission Services 0.00348 (x 460KWH) Energy Charge 0.0204 (x 460KWH) Gross Receipts Tax (%) SUBTOTAL $1.63 TOTAL $74.61
::
0.244 x 460KWH = $103.04 Generation Services, +93% 0.486 x 460KWH = $223.56 Generation Services, +319%
Deepwater's proposal is simply insulting. Diversity is the key to economic and political evolution.
re: Y1 - Y20, pymt pd
current NGrid rate = $0.09532/KWH (excluding transmission, taxes, fees) new NGrid rate = $0.244/KWH (excluding transmission, taxes, fees)
final NGrid rate = either Y20 $1.43/KWH (Y1 0.09532 + .486); or Y20 $0.486/KWH (Y1 0.244 + 0.242)
NB. PUC Docket 4111, Y1 $0.244/KWH = $1.35/500KW/mo on average Diversity is the key to economic and political evolution.
Also, the 24.4c/kWh will be for one of the supply sources of NG and will be mixed with its other sources. It is NG that will bear the possible additional cost on a small fraction of its supplies (possible, because the rest may become more expensive when gas prices go up again, as they will). Wind power
Interesting, too, was reference to a Ontario Power Authority's Lake Erie PPA, recognizing 40% premium for offshore relative to onshore wind supply. That reference is more apt to NGrid's current supplier and distribution mix. As you know, I guess, NGrid already resells onshore wind at SOS +0.025/KWH - +0.34/KWH.
In any case my interest as always is "billing impact," and here in particular what appears to be amortization of ICC (for 8 3.6MW turbines and one $5M cable) that doesn't necessarily contribute significantly to avoided costs over the period. So I'm wondering, again, Where is Rhode Island's stimulus check? And what is the "feed-in" price at Y20?
And from what component(s) of does Deepwater's 18% ROI over the period derive? Diversity is the key to economic and political evolution.
