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2016 Energy Savings Exceed 32 aMW Target
Market Transformation is the strategic process of intervening in a market to create lasting change. In 2016, NEEA's Market Transformation programs delivered 41 average megawatts of energy savings to the region - exceeding the target by 28 percent. Almost three quarters of these savings are from investments made during prior business cycles.
• Co-created energy savings are those that the region and local
programs achieve above an established baseline
• 1 aMW = enough energy to power about 730 Northwest homes per year
2016 Co-Created Savings by Program
4.9 aMW
Residential Standards
4.9 aMW
Non-Residential Standards
4.5 aMW
Efficient Homes
4.3 aMW
Commercial Codes
2.8 aMW
Non-Residential Ductless Heat Pumps
1.7 aMW
Building Commissioning
1.3 aMW
Televisions
1.0 aMW
Heat Pump Water Heaters
7.8 aMW
Other
2016 Co-Created Savings by Sector
18.1 aMW
Standard (All Sectors)
11.4 aMW
Residential
6.7 aMW
Commercial
5.2 aMW
Industrial/Agriculture
Progress to 5-Year Business Plan Goals
All Investments
2016 Levelized Cost
Current Portfolio
2.9 cents/kWh
NEEA's levelized cost metric employs a Total Resource Cost perspective over a 20 year horizon providing a net present value view of the total cost per kWh saved. NEEA’s target threshold is to remain below 3.5 cents per kWh.
Working together, the alliance has delivered more than 1,400 aMW of total regional energy savings since 1997 – greater than the annual output of the Bonneville Dam.
2016 Expenses (General Funds)
$17.5 Million
Market Strategy & Execution
$8.5 Million
Planning, Evaluation, & Technology
$3.5 Million
Administration
$2.8 Million
Codes & Standards
$1.7 Million
Stakeholder Engagement & Communications
$2.9 Million
Natural Gas
Balance Sheet
As of December 31. 2016 (in $1,000s)
| Assets | |
| Cash and cash equivalents | $8,040,350 |
| Funder and other receivables | $212,647 |
| Prepaid expenses | $480,870 |
| Property and equipment | $902,164 |
| Total Assets | $9,636,031 |
| Liabilities and net assets | |
| Accounts payable and other liabilities | $4,225,573 |
| Advances from funders | $3,866,413 |
| Total liabilities | $8,091,986 |
| Net Assets | |
| Unrestricted | $1,532,804 |
| Temporarily restricted | $11,241 |
| Total Net Assets | $1,544,045 |
| Total Liabilities and Net Assets | $9,636,031 |
2016 Annual Report Statement of Activities
Year ending December 31. 2016 (in $1,000s)
| Revenues | |
| General fund contributions | $36,961,865 |
| Special fund contributions | $488,122 |
| Interest and other income | $160,275 |
| Total Revenue | $37,610,262 |
| Expenses | |
| Compensation and benefits | $10,851,525 |
| General administration | $3,113,700 |
| Direct project costs | $23,928,385 |
| Total Expenses | $37,893,610 |
| Change in net assets | $(283,348) |