COMPETING IN THE MASSACHUSETTS SMART PROGRAM
IT’S SIMPLE…IF YOU IGNORE THE COMPLEXITY (DAY 1)
Sustainable Energy Advantage, LLC (SEA) – the region’s leading objective analyst of renewable energy markets and purveyor of the Massachusetts Solar Market Study – hosted a webinar “Competing in the Massachusetts Smart Program: It’s Simple…If You Ignore the Complexity.” on Tuesday, January 30, 2018.
This webinar can help market participants and other stakeholders help understand the SMART program landscape.
The market for solar project development and financing in Massachusetts has gone through a period of exceptional uncertainty. During late 2017 and early 2018, we have seen:
- Passage of a major federal tax package;
- Major changes to electric rates and rate design;
- The dramatic unveiling of the long-awaited results of the Solar Massachusetts Renewable Target; (SMART) program’s 100 MW One-Time Procurement and the release of updated SMART Draft Guidelines) and,
- The resolution of the Suniva trade case tariff.
To help you sort out what it all means, SEA presented our research and analysis in a webinar format and touched on several key “big picture” SMART program questions, including:
- Will higher Base Compensation Rates be a tide that lifts all boats and blunt the trade case impact, or might it (perversely) make navigating the program harder?
- How will tax reform generally affect project finance?
- Winners and losers as a result of the Eversource rate case?
- How attractive are the economics of solar plus storage under the SMART program?
- What are key developers planning to do about it all?
Webinar Topics Included:
- Broad overview of SMART Program
- Relevant exogenous factors (e.g., Eversource rate case, net metering availability)
- Competitive Block 1 procurement and its implications
- Who won and where did they win
- Final compensation rates for blocks
- Block sizes
- Analysis of Draft Guidelines including implications for development
- Comparison of old vs. revised
- Reservation Period Guidelines
- Land-Use / Siting
- Energy Storage
- Solar + Storage
- Unresolved issues
- Potential revenue
- Example attractiveness of solar + storage
- Key issues from Discussions with Market Participants
- Development plans (utility, project type)
- Block filling speed
- Interconnection issues
- Eversource MMRC and demand charges
- Value of exported energy
- Plus much more
Interested in purchasing the Day One webinar materials? Please contact us. The webinar materials include the audio recording and a presentation PDF. The cost for the webinar materials is $150, with a discounted price of $100 for government and non-profit entities.
The Day Two webinar, which will be held February 8, 2018, will include SEA’s proprietary forecasts of:
- SMART Base Compensation Rates per quarter (essentially, when each Capacity Block will clear)
- SMART Adder values per quarter (and when each 80 MW tranche will be exhausted)
- SMART system deployment by subsector (e.g. <=25 kW, large C&I rooftop, CSS, Low Income CSS, canopies)
- How the Base Compensation Rates and Adder Values will be affected by
- Potential outcomes from the 400 MW Program Review threshold will be reached
- Potential increases in net metering caps (which are likely to be debated in 2018)
For Day 2 webinar and MA-SMS pricing, please contact Tom Michelman (email@example.com 508-665-5854) or Jim Kennerly (firstname.lastname@example.org 508-665-5862). Note because of the effort to create proprietary forecasts the cost of the Day 2 webinar is more than an order magnitude more expensive than the Day 1 webinar. Also note, 100% of the Day One webinar costs will be credited against the cost of the Day Two webinar.