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

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

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

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  1. CPUC’s Convergence BiddingWorkshop(R.10-05-006) August 23, 2010

  2. 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

  3. 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

  4. 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

  5. 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

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