Clean Energy Alliance
Board of Directors Meeting
February 29, 2024
Beth Vaughan
CEO, CalCCA
CalCCA Interactive CCA Map & Address Lookup:
https://cal-cca.org/cca-map/ CCA Launch Timeline
California CCA: By the Numbers
3 2024 and 2025 CCA Launches and Expansions
CCA Formation Cities/Counties Start of Service
Ava Community Expansion City of Stockton January
Energy
Central Coast Expansion County of San Luis Obispo and city of Atascadero January Community
Energy
Cities of La Canada Flintridge, Lynwood, Port October
Hueneme
Clean Power Expansion
Alliance
CCA Formation Cities/Counties Start of Service
Pioneer Expansion Cities of Grass Valley and Nevada City January Clean Power Expansion Cities of Hermosa Beach, Monrovia, Santa Paula March Alliance
Clean Energy Expansion Cities of Vista and Oceanside April Alliance
2024
2025
CCA LONG-TERM PPA STATS
(Annual announcement: November 2023)
CCA PPAs equate to:
• > 14 GW of renewables + energy
storage
• > 5,300 MW operational
• > $25 billion committed by CCAs to
build/operate
• Support for 29,000 construction jobs
5 https://cal-cca.org/cca-renewable-energy-map-and-list-of-ppas/ Clean Energy Transition Dilemma
6 Reliability
Affordability &
Customer Bills
Clean Energy
Goals Market Scarcity
Generation and Distribution Costs Dominate Rates
7 PG&E SCE SDG&E
Generation $ 0.129 0.161 $ 0.133 $
Transmission $ 0.012 0.038 $ 0.039 $
Distribution $ 0.105 0.127 $ 0.084 $
PPP $ 0.009 0.023 $ 0.017 $
WFC $ 0.005 0.005 $ 0.004 $
NSGC $ 0.009 0.006 $ 0.020 $
PCIA $ (0.001) 0.007 $ 0.017 $
Other NBCs $ 0.001 0.000 $ 0.001 $
$ 0.269 0.366 $ 0.315 $
$(0.050)
$-
$0.050
$0.100
$0.150
$0.200
$0.250
$0.300
$0.350
$0.400
PG&E SCE SDG&E $/kWh
Final 2024 Rates by IOU
Generation Transmission Distribution PPP WFC NSGC PCIA Other NBCs 2030 forecast need for new resources and
transmission shifted rapidly from 60% RPS to
SB100 goals
• Procurement of new resources
requires adequate infrastructure to
deliver power to customers
• Planner’s expectations of the rate
of new build for 2030 changed as
policy shifted from a 60% RPS to
more aggressive SB100 and CARB
goals
• Transmission planning reflects the
resulting increase in infrastructure
needs and costs to achieve these
goals
8 60% RPS SB100 &
CARB
Data Sources: CalCCA analysis of CAISO TPP, CPUC plans submitted to CAISO, and CEC load forecasts
Rate of generation development needed to
meet SB 100 goals is unprecedented
• Historical Annual Net Build Rate
(2001-2023): 1,564 MW *
• Future Annual Net Build Needed to
Meet SB100 2045 Goal: 6,319 MW **
• Annual Growth Rate Must Increase by
404% to Meet 2045 Goal
9 * Source 2001-2022 Electric Generation Capacity and Energy California ISO 2023Year in Review less 2023 retirements list ** Source: SB100 Joint Agency Report Assumes straight line growth between 2024 and 2045
New solar, wind, and batteries are planned across
the West, though projects increasingly face delays
10 Source: CalCCA analysis of EIA 860M through December 2023 Note: 1.5*Net CONE is based on NYISO’s approach to capping monthly capacity market prices at the Net Cost of New Entry. Here we estimate the net cost of new 4-hour battery storage. CAISO Soft-Offer Cap from CAISO’s June 30, 2023 straw proposal for the CPM.
Tight market conditions are driving up RA Prices
11 Data Sources: CalCCA RA Whitepaper, CPUC
Resource Adequacy Reports, FERC EQRs
Average RA prices have more than tripled as the
net supply of RA fell from its 2019 high
Transactions are occurring at unreasonably high
prices, driving up costs to consumers
Cost of Compliance
12 2023
Obligations
2023
Obligations
• Prices for RA during the peak
months of May-September rose
by 314% from 2019 to 2023
• CCAs spent over $700 million
more on RA in 2023 than they
would have spent meeting the
same obligations at 2019 prices
• The average CCA customer paid
$120 more for RA in 2023 than
they would have at 2019 prices
$232 million
$961 million
Data Sources: 2023 Obligations from confidential CCA data, 2019 prices from CPUC, 2023 prices from CCA confidential data, customer accounts from CalCCA Power in Numbers CCAs met the first IRP Mid-Term Reliability target and are on track to meet later targets with 2024 likely to be tight • MTR procurement obligations
began in 2023, additional
requirements follow in each
year through 2028
• In aggregate, CCAs contracts
meet MTR and MTR
supplemental obligations in all
years
• 91% of the 2023 obligation was
online within a month of Aug.
2023 deadline
13 Source: CalCCA analysis of CCA procurement data, updated December 2023 What are CCAs Doing to Reduce Electricity Costs?
14 On-Bill Savings
•In 2023, CCAs collectively saved their customers
about $760 M compared to their non-CCA
counterparts
Leveraging the power of Green Bonds
• California Community Choice Financing Authority has
issued nearly $10 billion in prepayment bonds on behalf of 5 CCAs, saving participating CCA customers ~$60M/year
CCA Programs to help customers lower bills
• CCAs go beyond rate discounts to CARE/FERA customers
by designing programs so low-income customers can
realize the benefits of the clean energy transition.
2024 Annual Conference
15 Public Website: cal-cca.org
• CCA Service Areas
GIS Map • Address Lookup • Table
• Clean Energy Procurement
• Explainers (Resource Adequacy)
• CCA Programs
• Newsletter (California Aggregator)
• Impact Stats
• CCA Key Docs Portal
• Annual Report
Content