Avoided Energy Supply Components Study Update Sample Clauses

Avoided Energy Supply Components Study Update. The Settling Parties acknowledge that the New England states expect completion of a new Avoided Energy Supply Components (“AESC”) study during the first half of 2021, which will provide updated values for the marginal avoided costs of electricity, natural gas, and other resources to be applied to the NH Utilities’ benefit cost models for the energy efficiency and active demand reduction programs. When the updated values for marginal avoided costs become available, the NH Utilities will update the AESC 2018 values currently used in their benefit cost models, apply the values from AESC 2021 to program years 2022 and 2023, and seek Commission approval for such revisions. The NH Utilities agree that these new calculations shall be used to report actual results in 2022 and 2023. However, the 2021 benefits calculations, based on AESC 2018, shall not be changed for either updating planned benefits goals or for reporting 2021 actual results. The NH Utilities shall submit amended attachments and benefit cost models to account for the AESC 2021 updates to the Commission by September 1, 2021. Amendments shall be limited to the avoided cost updates resulting from the AESC 2021 study and reflection of this change in the calculation of the component of the performance incentive. Amended attachments to the 2021-2023 Plan shall serve as a notification and automatic update of the 2021-2023 Plan but shall not require the Commission to commence a proceeding.
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Related to Avoided Energy Supply Components Study Update

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