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Resolution E-4214 (Agenda Item 7)

Resolution E-4214 (Agenda Item 7). Adopts the 2008 Market Price Referent (MPR) values for use in the 2008 Renewables Portfolio Standard (RPS) Solicitations. December 18, 2008. Resolution E-4214. MPR Background

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Resolution E-4214 (Agenda Item 7)

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  1. Resolution E-4214(Agenda Item 7) Adopts the 2008 Market Price Referent (MPR) values for use in the 2008 Renewables Portfolio Standard (RPS) Solicitations December 18, 2008

  2. Resolution E-4214 • MPR Background • The MPR implements the Legislature's mandate that the Commission determine the long-term "market price of electricity“ • The MPR represents the presumptive cost of building and operating a combined cycle gas turbine power plant (CCGT) under a long-term contract • The MPR is one criteria used by the Commission to evaluate the reasonableness cost of RPS contracts

  3. Resolution E-4214 The Commission recently refined the MPR Methodology, specifically, D.08-10-026 • Made the costs of state mandates to reduce GHG emissions a permanent component of the MPR • Refined the methodology for determining the proxy CCGT’s capacity factor • Extended the MPR methodology for the purpose of calculating MPRs for a 25-year contract

  4. 2008 MPR Values(Nominal - dollars / kWh)

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