Challenges and Opportunities in California's Energy Market
California's energy market faces challenges and opportunities in areas such as Community Choice Aggregation (CCA), reserve capacity, regulatory adaptation, and investment in storage. The growth of CCAs impacts system reliability and infrastructure, while issues like RA compliance, new capacity obligations, and resource investment preservation add complexity to the landscape.
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Presentation Transcript
Californias Energy Market: Challenges and Opportunities John Dalessi Pacific Energy Advisors, Inc. November 6, 2019
The Early Years of CCA (2010-2017) Focused on improving environment and reducing customer costs CCA load was insignificant from reliability perspective Long-term system needs addressed through LTTP/CAM Reliability obligations limited to RA compliance
CCA is now the primary driver of new generation Reserve capacity margins are tight Today s Environment Regulatory system has not yet adapted to substantial CCA growth Increasing need for CCAs to support system reliability & related infrastructure
Reserve Capacity Accounting Solar NQC cut by 7,800 MW since 2017 Can we rely on NQC ratings/RA value of storage? Forward-looking NQC guarantees to facilitate investment?
Difficult and expensive RA compliance program Chasing MW for new capacity obligations Current Challenges Investing in storage: how much and when? Preserving value of resource investments Protecting CCA autonomy
