Cpuc s convergence bidding workshop r 10 05 006
Download
1 / 5

CPUC s Convergence Bidding Workshop R.10-05-006 - PowerPoint PPT Presentation


  • 233 Views
  • Uploaded on

CPUC’s Convergence Bidding Workshop (R.10-05-006). August 23, 2010. PG&E’s Convergence Bidding Participation Framework. Convergence Bidding Strategy Emergency Convergence Bidding Authority Procurement Review Group (PRG) Participation Quarterly Compliance Report and Cost Recovery

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'CPUC s Convergence Bidding Workshop R.10-05-006' - kaida


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Cpuc s convergence bidding workshop r 10 05 006 l.jpg

CPUC’s Convergence BiddingWorkshop(R.10-05-006)

August 23, 2010


Pg e s convergence bidding participation framework l.jpg
PG&E’s Convergence Bidding Participation Framework

  • Convergence Bidding Strategy

  • Emergency Convergence Bidding Authority

  • Procurement Review Group (PRG) Participation

  • Quarterly Compliance Report and Cost Recovery

  • Inclusion in PG&E’s Conformed 2006 Long-Term Procurement Plan


Pg e s convergence bidding strategy l.jpg
PG&E’s Convergence Bidding Strategy

  • Context: The CAISO’s convergence bidding market (February 2011 implementation) needs time to mature

  • PG&E’s initial proposal identifies two opportunities:

    • Reduce exposure to Real Time Market risk associated with unplanned generation outages

    • Provide opportunities to improve quality of dispatches

  • Other strategies may be proposed as market experience is gained


Emergency convergence bidding authority l.jpg
Emergency Convergence Bidding Authority

Objective

Respond quickly to sudden changes or serious flaws in the market that may result in adverse consequences for PG&E’s bundled electric customers

Procedure

  • Immediately notify the PRG and Energy Division

  • Call an emergency PRG meeting

  • PG&E files a Tier 1 advice letter proposing additional strategies which become effective upon filing pending CPUC disposition


Oversight and reporting requirements l.jpg
Oversight and Reporting Requirements

  • PRG Participation

    – Quarterly Review

  • Quarterly Compliance Report (QCR) and Cost Recovery

    • Report all convergence bidding-related transactions in the QCR

    • Costs and revenues related to convergence bidding will be recorded in the Energy Resource Recovery Account (ERRA)

  • Conformed 2006 LTPP

    • Convergence bidding authority to be incorporated as part of PG&E’s AB57 procurement plan


ad