The 2019 budget and 2019-2020 action plan guides program and outreach strategies that help utility customers benefit from the lowest cost and cleanest energy available—energy efficiency and renewable power.
As a nonprofit organization investing utility customer funds, Energy Trust conducts an open annual budgeting process each fall. We value participation from customers, the public, Oregon Public Utility Commission, utilities and other stakeholders. Public comments are actively solicited and help shape our final budget and action plan reviewed and approved by our board of directors by December 31 of each year and posted online.
The primary building blocks of our budget and action plan include our 2015-2019 Strategic Plan, market insights, each utility’s Integrated Resource Plan and other resource assessments. An Integrated Resource Plan is how utilities plan for the energy supply their customers will need over the next 20 years. Additional information for the budget is drawn from renewable resource assessments and Northwest Power and Conservation Council studies.
2019 Budget Benefits
Achieving the goals and strategies outlined in this year’s budget and action plan will result in:
Participants saving $676 million on their utility bills over time from projects completed in 2019
Energy saved at a cost of 3.11 cents/kWh and 39.4 cents/therm, a fraction of the cost of fossil fuels
Jobs, wages and business income added to the local economy
Air quality improvements by avoiding 4.6 million tons of carbon dioxide
Training and support for 2,300 local businesses, many of them small companies employing 12,000 people to work on Energy Trust projects (self-reported by trade allies)
2019 Organizational Goals
Energy Trust’s budget and action plan is guided by six organizational goals to ensure alignment of activities across the organization. Our commitment to diversity, equity and inclusion is woven into all these goals and is reflected in all of our action plans, which detail specific organizational and program activities planned for 2019.
Improve program performance, viability and relevance
Increase customer participation and awareness
Establish 2020-2024 strategic direction
Improve productivity and efficiency
Increase flexibility and adaptability
Effectively manage an accessible and transparent organization
2019 Revenues and Expenditures
In 2019, Energy Trust revenue sources are from a small charge on the utility bills of Portland General Electric, Pacific Power, NW Natural, Cascade Natural Gas and Avista customers, plus interest income and a subcontract to help develop and administer part of the Oregon Community Solar Program:
Reserve funds will be used where planned expenses exceed anticipated revenue.
2019 Energy Goals
The budget and action plan are designed to meet annual energy-saving and renewable energy generation goals while effectively serving customers ranging from renters and homeowners to small, medium and large businesses.
Notes: MMTh (million annual therms), aMW (average megawatt); this web page reports in net except where noted. Costs/kWh or therm are levelized.