EBCE Joint Rate Mailer
and 2021 Power Content
JUNE 2022
Overview of Rate Comparison and Mailer
2 Joint Rate Mailer (JRM)
• Required by CPUC
• Fixed template, approved by Public
Advisor’s Office and co-branded with PG&E
• Goes to all EBCE-eligible customers
(including those that opted out) via email or
mail
• Includes draft power content
• Deadline is July 1
• There are four versions of this mailer, sent
to customers by their rate class: residential,
small business, commercial, and industrial
Joint Rate Comparison
• Required by CPUC
• Must be updated within 60 days of any rate
change (EBCE or PG&E)
• Must be posted on the website
• Does not include power content
• This document includes rate comparisons
for all 22 rate schedules served by EBCE
Items of Note on Rate Presentation
3 Joint Rate Mailer (JRM)
• First time PG&E breaks out the PCIA cost to
bundled customers
• Will present “apples to apples” with both EBCE
and PG&E examples using the most current
PCIA Vintage
• 2022 JRM will use EBCE rates based on value
proposition prior to FY22/23 (1% discount, 1
cent premium)
Joint Rate Comparison
• First time PG&E breaks out the PCIA cost to
bundled customers
• Currently uses EBCE 2018 PCIA Vintage
(majority of EBCE customers) and PG&E 2021
PCIA Vintage
• PG&E Bundled customers always pay the most
current PCIA vintage
• JRC will be updated and posted to website with
June PG&E rate changes and any update to
EBCE FY22/23 value proposition (3% discount,
¾ cent premium)
To appropriately compare rates:
(PG&E Gen Rate + PCIA) vs. (EBCE Gen Rate + PCIA)
Draft 2022 EBCE JRM (2021 Power Content)
4 Rate Comparison - Residential Example
5 Joint Rate Comparison Joint Rate Mailer
Residential: E-TOUC
2021 Vintage
PCIA 2018 Vintage PCIA 2021 Vintage PCIA all customers
PG&E
EBCE
Bright Choice
EBCE
Renewable 100 PG&E
EBCE
Bright Choice
EBCE
Renewable 100
Generation Rate ($/kWh) $0.12112 $0.12573 $0.13721 $0.12112 $0.11964 $0.13112 PG&E Delivery ($/kWh) $0.19790 $0.19790 $0.19790 $0.19790 $0.19790 $0.19790 PG&E PCIA/FF ($/kWh) $0.02653 $0.02044 $0.02044 $0.02653 $0.02653 $0.02653 Total Electricity Cost ($/kWh) $0.34555 $0.34407 $0.35555 $0.34555 $0.34407 $0.35555 Average Monthly Bill ($) $134.63 $134.06 $138.53 $134.63 $134.06 $138.53 Average Monthly Usage 390 kWh
Power Content Comparison
6 Percent of Total Retail Sales (kWh)
PG&E
EBCE
Specific Purchases Bright Choice Renewable 100
Renewable 48.7% 42.3% 100.0%
Biomass & Biowaste 4.2% 0.5% 0.0%
Geothermal 5.2% 0.0% 0.0%
Eligible Hydroelectric 1.8% 0.2% 0.0%
Solar 26.6% 19.0% 50.0%
Wind 10.9% 22.6% 50.0%
Coal 0% 0% 0%
Large Hydroelectric 4.0% 15.9% 0.0%
Natural Gas 7.9% 0.0% 0.0%
Nuclear 39.3% 1.7% 0.0%
Other 0.0% 0.1% 0.0%
Unspecified Sources of Power** 0.0% 40.0% 0.0%
Total 100.0% 100.0% 100.0%
EBCE Procurement Policy for Bright Choice
The Renewable Content Target for Bright Choice is based on PG&E’s prior year renewable energy power content forecast, plus 5%. We are on track to be 100% carbon-free and 80% renewable for all customers by 2030, per our Board presentation in April.
7 2020 PG&E RPS
Forecast
36.2%
+5.0%
2021 Bright
Choice RPS %
=41.2%
EBCE 2021 Draft Power Content and Bright Choice Targets 8 Draft 2021 PG&E RPS % Draft 2021 Bright Choice RPS %
48.7% 42.3%
Year 2021 2022 2023
Renewable % 41% 50% 54%
2021 Draft Power Content is in alignment with EBCE’s clean energy goal of achieving zero emission electricity by 2030 and exceeds the approved 2021 minimum renewable power content target of 41.2% for the Bright Choice Plan.
Bright Choice targets looking forward:
Talking Points
RATES
● Discount: EBCE continues to
provide a product at a discount to
PG&E
● PCIA: PG&E customers have always
paid for the PCIA, but it was
previously embedded in the PG&E
Generation Rate
9 POWER CONTENT
● 2030: EBCE is focused on the 2030 goal of 100%
clean power
● Clean: EBCE’s 2021 Bright Choice content has
5.5% more GHG-free power vs. PG&E, exclusive of
nuclear power
● This path was advocated by the public and
chosen by the Board. From the staff report to the
Board in April 2022: “The fundamental question
for accepting nuclear or not comes down to a
trade-off between having nuclear and lower
greenhouse gas emissions, or not having nuclear
and accepting higher greenhouse gas emissions.
● System: More renewable energy on the grid is a
good thing for all customers
Future Customer Communications
● Power Content Label (PCL) Mailer
○ More flexibility to craft message compared to templated JRM ○ Must be sent by September 1
○ Areas of potential focus:
■ Diversity of cities that are choosing to make Renewable 100 their default product
■ 2030 goal and pathway to 100% clean
■ Improved discount for Bright Choice, lower premium for Renewable 100 ■ More benefits for low-income customers including $50 bill credit ■ Increased local programs budget
■ Increased innovation grants budget
■ More renewable energy projects online, including SHWEC ■ More contracted projects in development, including geothermal 10