Florida Study - Bipartisan Policy Center

Projections to Meet the Federal ProposalsThe 20% RESRequirements under the 20% RES for a federal renewable energy portfolio standard areshown in Table 15. The 20% RES percentages are listed in the table. The percentages are takenof the prior year’s electricity sales. Under the 20% RES, 25% or less can be met with energyefficiency credits. Therefore, in the table, the percentages adjusted for the 25% energyefficiency credits are calculated. These adjusted percentages are used to calculate the millionkWh required under the 20% RES. Shown in Table 15, by 2025, the 20% RES would require anadditional 42,901 million kWh.Table 15. Projected Requirements Under the 20% RES2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Projected Electricity Demand (Million kWh)231,584 235,108 237,924 239,196 241,933 244,987 248,560 252,116 255,955 260,123 264,017 267,505 271,519 276,162 281,248 286,01020% RES Percentage0 4 4 8 8 8 12 12 12 16 16 20 20 20 20 2020% RES Percentage With 25% Energy Efficiency Credit0 3 3 6 6 6 9 9 9 12 12 15 15 15 15 1520% RES Requirement (Million kWh)0 7,053 7,138 14,352 14,516 14,699 22,370 22,690 23,036 31,215 31,682 40,126 40,728 41,424 42,187 42,901The 25% RESThe percentages of renewable energy required under the 25% RES (using the EnergyInformation Administration’s projected percentages) are displayed in Table 16 (Adjusted 25% RESPercentage). Based upon the projected electricity demand shown and these percentages, theprojected million kWh requirements under the 25% RES are calculated. Notably, by 2025, anadditional 48,622 million kWh would need to be from renewable sources.Table 16. Projected Requirements Under the 25% RES2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Projected Electricity Demand (Million kWh)231,584 235,108 237,924 239,196 241,933 244,987 248,560 252,116 255,955 260,123 264,017 267,505 271,519 276,162 281,248 286,010Adjusted 25% RES Percentage0 0 3 3 5 5 6 6 8 8 10 10 12 12 13 17Adjusted 25% RES Requirement (Million kWh)0 0 8,154 8,198 11,746 11,895 15,618 15,841 20,468 20,801 26,391 26,740 32,569 33,126 36,949 48,622Federal Renewable Energy Portfolio Standard Impacts on Florida ___ 17