Load-serving entities: resource adequacy requirements.
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Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill updates California’s electricity regulations to ensure sufficient ‘resource adequacy’ – the ability to reliably meet electricity demand – for load-serving entities. It requires the Public Utilities Commission to authorize load-serving entities to trade electricity with other entities to fulfill their resource adequacy obligations, subject to certain limitations on the volume and duration of these transactions. The bill also aims to improve the efficiency and equity of resource adequacy planning and cost allocation, and to promote the use of renewable energy and demand response.
Key provisions
- Requires the Public Utilities Commission to authorize load-serving entities to trade electricity with other entities to meet resource adequacy requirements.
- Limits the volume of these trades to no more than 25% of a load-serving entity’s compliance obligations.
- Specifies that these trades must be short-term in duration.
- Requires the commission to denominate these transactions using the same time units as resource adequacy compliance requirements.
- Allows the commission to suspend or adjust this trading authority if it prevents system reliability.
- Mandates the reporting of information to the commission to assess resource adequacy compliance.
- Requires the commission to value both supply and load modifying demand response resources.
- Defines ‘load-serving entity’ and excludes certain entities like local public utilities and customer generation under specific conditions.
Bill text
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