Title
Resolution - Approval of Cooperative Solar Rate Option Tariff Amendment - I Sterzing
Other Info
Submitted By: Ingmar Sterzing
Department: Rates and Pricing, Power Supply
Financial Impact and Cost/Benefit Considerations:
The virtual net metering for the Cooperative Solar Rate option using the solar energy allocation only offsets energy usage associated with TCOS, Base Power Cost, and Power Cost Adjustment charges and therefore does not have any impact on PEC's recovery of costs or margins associated with PEC's distribution system and operations. The energy and attributes associated with unassigned Cooperative Solar Energy Units of the designated solar energy supply shall be retained and used by Cooperative as a portion of PEC's power supply portfolio and any additional solar energy costs or benefits will be incorporated within the Cooperatives Cost of Power.
Discussion
On December 7, 2015 the PEC board passed a resolution ("Member and Community Solar Power Purchase Agreements") authorizing the development and acquisition of up to 15 MW electric capacity, energy and other related products from renewable solar photovoltaic distributed generation located within the Cooperative's service territory to reduce exposure to higher cost peak power pricing, mitigate the Cooperative's transmission cost exposure, and provide solar capacity and energy to use for a member rate option. The Cooperative has successfully executed a sufficient number of distributed solar project Power Purchase Agreements (PPAs) and verified the technical requirements of the Cooperative's metering and billing systems to propose and establish a Cooperative Solar Rate option.
The Cooperative Solar Rate option will allow eligible PEC members to enroll and subscribe to an allocation of the available solar energy. The member's solar energy allocation will determine, on a percentage basis, the energy output of the total solar energy output that will be allocated to the member based on actua...
Click here for full text