Our 2020 budget and 2020-2021 action plan outlines our annual strategies and approaches to help customers take advantage of the lowest cost and cleanest energy available—energy efficiency and renewable power. These important documents detail where we plan to invest utility customer investments to create maximum value for renters, homeowners, businesses of all sizes, farms, ranches and schools across Oregon and Southwest Washington.
Energy Trust’s budget and action plan is designed to achieve five organizational goals in 2020:
Meet savings and generation targets and create future opportunities
Develop guidelines to guide resource investments in community efforts
Provide information to policymakers, agencies and implementers
Strengthen internal innovation capabilities and develop new proposals
Achieving the goals and strategies outlined in this year’s budget and action plan will result in a wide range of economic and clean energy benefits:
Participants saving $591 million on their utility bills over time from projects completed in 2020
Energy saved at a cost of 3.6 cents/kWh and 39 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 4.2 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)
Read more about our 2020 savings and generation goals below.
How we develop our annual budget and action plan
As a nonprofit organization investing utility customer funds, Energy Trust conducts an open annual budgeting process each fall where we solicit input from customers, the public, Oregon Public Utility Commission, utilities and other stakeholders to guide our programs and priorities in the coming year. With input from this public comment process, our board of directors reviews and approves our final budget and action plan by December 31 of each year. At that time, the budget is posted online.
The primary building blocks of our budget and action plan include our 2020-2024 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.
How is Energy Trust funded?
Energy Trust revenue comes 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.
2020 energy goals in detail
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.