Our annual budgets and two-year action plans are developed through a public process. Goals and activities are reviewed by the board of directors, advisory councils, Oregon Public Utility Commission, utilities and the public.
Our five-year Strategic Plan, market insights, each utility’s Integrated Resource Plan and other resource assessments serve as the primary building blocks.
An Integrated Resource Plan is how utilities plan for the energy supply their customers will need over the next 20 years. We work with the utilities to determine the amount of energy efficiency to achieve each year.
Additional information for the budget is drawn from renewable resource assessments and Northwest Power and Conservation Council studies.
2018 Budget Benefits
Achieving the goals and strategies outlined in this year’s budget and action plan will result in:
Participants saving $698 million on their utility bills over time from projects completed in 2018
Energy saved at a cost of 3.0 cents/kWh and 33.3 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 4.4 million tons of carbon dioxide
Training and support for 2,400 local businesses, many of them small companies employing 12,000 people to work on Energy Trust projects (self-reported by trade allies)
2018 Revenues and Expenditures
In 2018, 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:
Reserve funds will be used where planned expenses exceed anticipated revenue.
Budgeted expenses mentioned above include forecasted administrative and program support costs of $12,291,474 (6.58 percent) of total 2018 budget.
2018 Energy Goals
The budget and action plan are designed to meet annual energy-saving and renewable energy generation goals while effectively serving different customers ranging from small residential to large industrial. Annual energy-saving targets for each utility are also set during the budget process.
Notes: MMTh (million annual therms), aMW (average megawatt); this web page reports in net except where noted. Costs/kWh or therm are levelized.
2018 Areas of Emphasis
Increase outreach to small/medium businesses and agriculture
Identify and prioritize strategies to increase access to solar in low-income communities
Contract with community-based organizations to reach under-served communities in residential sector
Drive forward organizational diversity, equity and inclusion strategies and activities
Enhance program methods and strategies:
Utilize new, improved data resources in analysis and targeted marketing
Leverage energy-related initiatives spearheaded by others
Foster long-term relationships with business customers and support long-term project planning for communities
Focus outreach to irrigation hydropower and biogas projects
Manage change and prepare for future:
Support targeted demand-side management efforts with utilities
Collaborate with NEEA to identify new measures and strategies
Implement recommendations from internal Organizational Review and Budget Review Projects
Implement transitional strategies for key program areas (ex. solar, residential)
Energy Trust’s Budget Development Process
Our annual budget and two-year action plan are developed through a transparent, public process that includes stakeholder review and input. Our five-year Strategic Plan and each utility’s Integrated Resource Plan (IRP) serve as primary building blocks for the budget.
Annually starting in July and continuing through December, we work with Portland General Electric (PGE), Pacific Power, NW Natural, Cascade Natural Gas, Avista and our Conservation Advisory Council to build action plans and identify the amount of energy efficiency that can be cost-effectively acquired in the coming year. We also work to determine planned renewable energy generation within PGE and Pacific Power territories. Our budget is submitted for review and comment to the OPUC, is reviewed and approved by our board of directors by December 31 of each year, and is posted online.
Public comments are actively solicited and help shape our final budget and action plan presented to the board of directors. Public notices and materials for board, Conservation Advisory Council and Renewable Energy Advisory Council meetings are posted on our website in advance of each meeting and every meeting invites public comment. The OPUC hearing is also open to the public.