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Maine State LibraryMaine State DocumentsPublic Utilities Commission Documents Public Utilities Commission1-31-2017Adjustment of the Alternative CompliancePayment (ACP) Rate For Compliance Year 2017Maine Public Utilities CommissionFollow this and additional works at: http://digitalmaine.com/puc_docsThis Text is brought to you for free and open access by the Public Utilities Commission at Maine State Documents. It has been accepted for inclusion inPublic Utilities Commission Documents by an authorized administrator of Maine State Documents. For more information, please contactstatedocs@maine.gov.Recommended CitationMaine Public Utilities Commission, "Adjustment of the Alternative Compliance Payment (ACP) Rate For Compliance Year 2017"(2017). Public Utilities Commission Documents. 16.http://digitalmaine.com/puc_docs/16 LOCATION:  101 Second Street, Hallowell, ME 04347    MAIL:  18 State House Station, Augusta, ME 04333-0018                        PHONE:  (207) 287-3831 (VOICE)                                  TTY: 711   FAX: (207) 287-1039  STATE OF MAINE PUBLIC UTILITIES COMMISSION                 Mark A. Vannoy                  Harry Lanphear            CHAIRMAN               ADMINISTRATIVE DIRECTOR    Carlisle J. T. McLean    R. Bruce Williamson         COMMISSIONERS                                                                                         MAINE RENEWABLE ENERGY PORTFOLIO STANDARD  Adjustment of the Alternative Compliance Payment (ACP) Rate For Compliance Year 2017  January 31, 2017  Pursuant to Chapter 311 §3(A), Competitive Electricity Providers (CEP’s) must meet portfolio requirements for new renewable resources beginning January 1, 2008.  Chapter 311 §3(C) establishes an Alternative Compliance Payment Rate to be used as an alternative to meeting the new renewable resource requirements.    Chapter 311 §3(C)(2) states that the alternative compliance base rate shall be $57.12 per megawatt-hour.  Beginning in 2008, the Commission will adjust the alternative compliance payment rate by the annual change in the U.S. Bureau of Labor Statistics Consumer Price Index.  For each year, the Commission will calculate and publish the alternative compliance payment rate no later than January 31 for applicability in that year.  The Consumer Price Index (CPI)1 for 2016 is 254.85 up from 252.185 in 2015, an increase of 1.0568%2.  Accordingly, the ACP Rate for Compliance Year 2016 has been determined to be $67.71 per MWh3.  Year CPI ACP Rate 2007 220.512 $57.12 2008 229.306 $58.58 2009 229.343 $60.92 2010 233.868 $60.93 2011 240.997 $62.13 2012 245.698 $64.03 2013 249.038 $65.28 2014 252.463 $66.16 2015 252.185 $67.07 2016 254.85 $67.00 2017  $67.71                                                       1 For this purpose, the MPUC is using the “Consumer Price Index – All Urban Consumers, Northeast Region All Items, Not Seasonally Adjusted.”  Source:  U.S. Bureau of Labor Statistics, http://data.bls.gov/cgi-bin/surveymost?cu .   2 Calculated:  (254.85/252.185) – 1 = (1.0568%) 3 Calculated:  $67.00 x 1.0105676 = $67.71 

Adjustment of the Alternative Compliance Payment (ACP) Rate For Compliance Year 2017

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Adjustment of the Alternative Compliance Payment (ACP) Rate For Compliance Year 2017

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