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HomeMy WebLinkAboutREF Evaluation Process 1 REF Evaluation Process This document is intended to give a very high level explanation of the REF evaluation process which includes four stages: 1) completeness, 2) feasibility and public benefit, 3) project ranking and 4) regional spreading. A more detailed explanation of scoring is here http://www.akenergyauthority.org/Programs/RenewableEnergyFund in the most recent REF Request for Applications document. Request for Applications Each round AEA drafts a new Request for Applications (RFA) to reflect the current year’s deadlines, grant requirements, and changes to the evaluation process including guidance from the REFAC. The RFA is typically issued at the beginning of July with grant applications due mid-September of the same year. This is a relatively short application period for the level of detail required in an REF application; it has worked because the cycle was annual, communities expected it and could prepare. If the State were to solicit another round of applications, more notice would be needed. Stage 1 – Completeness and Eligibility Review Once the application deadline has passed, AEA staff conduct the first stage of the evaluation to determine whether the project is eligible for REF funding and the application is sufficient for a complete review. If the application fails any of the criteria in the first stage, the applicant will be notified and the application will not continue to the next stage of the evaluation process. Applicants may request reconsideration. Stage 1 is scored according to the following criteria: # Criterion Weight 1 Eligible applicant Pass/Fail 2 Eligible project Pass/Fail 3 Documented authorization Pass/Fail 4 Project description Pass/Fail 5 Complete application Pass/Fail 6 Site control Pass/Fail 7 Submission deadline Pass/Fail Stage 2 – Feasibility and Public Benefits Scoring In the next stage, AEA staff evaluates the application to determine whether the project is technically and economically feasible. Stage 2 is scored according to the following criteria: # Criterion Weight 1 Project management, development, and operation 20% 2 Qualifications and experience of project team 20% 3 Technical feasibility 20% 4a Economic feasibility 25% 4b Financing plan 5% 4c Other public benefits 10% The application must receive a weighted score of at least 40 out of 100 possible points to proceed to stage 3. Once again, applicants may request reconsideration if their application does not pass stage 2. If the application meets or exceeds a score of 40 in this stage, AEA staff will recommend the application for: full or partial funding. AEA may also recommend conditions on the grant funding. 2 Stage 3 – Ranking of Projects If an application is recommended, AEA staff evaluates the project’s merits according to criteria that reflect the intent and purpose of the REF grant program. The weighted score in this stage will determine the application’s funding priority in the current round of funding. Stage 3 is scored according to the following criteria: # Criterion Weight 1 Cost of energy 35% 2 Matching funds 15% 3 Project feasibility (Levelized Stage 2 score) 20% 4 Project readiness 5% 5 Public benefits 15% 6 Sustainability 5% 7 Local support 5% 8 Regional balance Pass/Fail 9 Compliance Pass/Fail There are two pass/fail criteria in this stage. Regional balance refers to a situation in which two applications are designed to meet the same need. In these cases, the project which scores higher will pass this stage (exceptions can be made for non-construction projects). Compliance is also a pass/fail criteria and refers to applicant compliance with prior grant awards. Stage 4 – Regional Spreading and Final Ranking Once stage 3 has concluded, AEA staff compile a ranked list of all recommended projects. The final change in prioritization of project recommendations is regional spreading. In consultation with the REFAC, AEA move projects in the ranking list in order to provide greater balance in the spread of grant funds by energy region. Regional spreading incorporates both location and the Energy Cost Burden in each region which is calculated annually. Recommendations to the Legislature The final recommendation to the legislature is delivered in the form of the legislative status report which is printed for delivery to the legislature and posted on the AEA website. This report is due to the legislature within 10 business days after the first day of the regular legislative session. Final recommendation to the legislature may also contain specific information for each project as requested by the legislature and a summary of each project. Applicants and/or AEA reviewers may be required to provide additional information to the Legislature upon request. Role of the REFAC AEA requests and receives input from the REFAC regarding the application and evaluation process and final funding recommendations. The REFAC is a statutorily required advisory body made up of nine members. Two members are appointed by the Speaker of the House, two appointed by President of the Senate and the remaining five are appointed by the Governor.