05-10-2021 BPU RPT 13 - Laserfiche WebLink

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RIVERSIDE PUBLIC UTILITIES Board Memorandum BOARD OF PUBLIC UTILITIES DATE: MAY 10, 2021 SUBJECT: ENERGY EFFICIENCY AND DEMAND REDUCTION TEN-YEAR TARGET ISSUE: Consider the approval of the updated Energy Efficiency and Demand Reduction ten-year target. RECOMMENDATION: That the Board of Public Utilities recommend that the City Council approve the Riverside Public Utilities updated Energy Efficiency and Demand Reduction ten-year target of 1% of annual projected retail energy sales for the period beginning 2022 through 2031. LEGISLATIVE HISTORY: Assembly Bill (AB) 1890 (Brulte, 1996) requires that 2.85% of electric revenue be utilized to fund public benefits programming and must be used in at least one of four areas: demand side management (energy efficiency), renewable energy, low-income assistance, or research, development, and demonstration. Senate Bill (SB) 1037 (Kehoe, 2005) is a comprehensive package that sets ambitious energy energy to serve their customer load, to available energy efficiency and demand reduction resources that are cost effectiv report results annually to its customers and the Energy Commission on its energy efficiency and demand reduction programs. cost-effective electric savings and establish 10-year energy efficiency targets. Riverside Public Utilities (RPU) has set an ambitious 10-year energy efficiency target of 1% of annual retail energy sales. Assembly Bill 2227 (Bradford, 2012) changed the frequency of the 10-year energy efficiency potential studies from once every three years to once every four years to be consistent with the SB 350 (De Leon, 2015) establishes annual targets for statewide energy efficiency savings and demand reduction that will achieve a cumulative doubling of statewide energy efficiency savings targets for energy efficiency savings and demand reduction consistent with this goal.