FEI-FEVI 2010 EEC Report filed March 31, 2011 - FortisBC

FORTISBC ENERGY INC. AND FORTISBC ENERGY (VANCOUVER ISLAND) INC.
2010 ENERGY EFFICIENCY AND CONSERVATION ANNUAL REPORT
7.4.2.1.3 LiveSmart BC 2010 Results for Building Envelope
Incentives
In the LiveSmart BC program iteration that launched April 2010, the Companies, in collaboration
with BC Hydro and FortisBC, provided partial payment of the building envelope rebates
including air sealing, insulation, and windows. There were no invoices in 2010 and therefore no
energy savings or costs were claimed. Based on information available at the time of writing this
report, a $657,000 contribution is forecasted, which should result in approximately 246,000 GJs
of savings over the lifetime of these measures as outlined in Table 7-5.
Utility Participants
Table 7-5: LiveSmart BC 2010 Forecasted Program Results
Incentive
Expenditure
($000s)
Non-
Incentive
Expenditure
($000s)
7.4.2.1.4 2011 Outlook
Annual
Energy
Savings
(GJ/yr)
The LiveSmart BC iteration launching April 2011 is under development, with the prospect of
remaining in market for two years depending on BCUC funding approval for the 2012 Joint
Initiatives program area. Based on information available at the time of writing this Report, we
forecast a $1.8 million incentive expenditure which would result in approximately 475,000 GJs of
savings over the lifetime of these measures as outlined in Table 7-6. Please note these are very
preliminary forecasts and the final offer is still under discussion with the Ministry of Energy and
Mines, BC Hydro and FortisBC Inc.
Table 7-6: LiveSmart BC 2011 Outlook
NPV Energy
Savings
(GJ)
Free
Rider
Rate
FEI 2,156 531 85 21,463 234,273 12% 1.1
FEVI 108 27 15 1,075 11,731 12% 1.0
TOTAL 2,264 557 100 25,609 246,004 12% 1.1
Note: The forecasted participant counts and savings are an estimate since there is a time lag between data
transfer from service organizations, NRCan and the Ministry invoicing utilities. Only one invoice has been received
to date for an estimated 25% of the activity. This invoice amount was multiplied by 4 to provide the above forecast.
Utility Participants
Incentive
Expenditure
($000s)
Non-
Incentive
Expenditure
($000s)
Annual
Energy
Savings
(GJ/yr)
NPV Energy
Savings
(GJ)
Free
Rider
Rate
FEI 5,097 1,596 162 40,503 431,354 12% 1.0
FEVI 510 160 18 4,070 43,367 12% 1.0
TOTAL 5,607 1,755 180 44,573 474,721 12% 1.0
Note: The forecasted participant counts and savings are an estimate at the time of writing.
SECTION 7: JOINT INITIATIVES Page 135
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