Updates on Renewable 100
June 5, 2024
1. Background
2. Fremont (and Oakland)
3. Cost Allocation Methodology
4. Next Steps
Background
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Fremont and Oakland Renewable 100 defaults
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Fremont and Oakland : Load Size & Market Timing
• A prospective Renewable 100 rate
increase is driven by two factors:
1) The size of Fremont
and/or Oakland’s load
(either nearly doubles the
load on R100); and
2) The timing of Fremont
and/or Oakland’s
proposed default
transition (exposure to
high market costs).
Existing Cost Allocation Methodology
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Considerations on Cost Allocation Methodology
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Example Potential Impacts on Renewable 100 Pricing –
Fremont Only
Next Steps
Bring to full Board of Directors
• More details on the cost allocation scenarios and proposed methodology for approval • Additional analysis on impacts on kWh cost of Renewable 100 for all customers under different scenarios of community opt up
• Likely in September - request for change in the default product to Renewable 100 for Fremont customers