PCIA Short Term Market Offer
SCE is offering short-term RPS-eligible energy and RECs from its PCIA portfolio for the 2023-2024 compliance period. Buyers can bid on bundled or unbundled products and must submit offers via Power Advocate by January 20, 2023, at 1:00 pm PPT. An EEI Master Agreement is required to transact.
Categories
Important dates
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Published
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Bidder's Conference
Joint IOU Bidder's Conference for PCIA Short-Term Market Offer (10:30 am - noon PPT)
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Submission deadline
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Notification of Award
AI overview
Southern California Edison Company (SCE) is issuing a Short-Term Market Offer (MO) for the sale of Power Charge Indifference Amount (PCIA)-eligible Renewable Portfolio Standard (RPS) energy and associated Renewable Energy Certificates (RECs). This offering arises from the remaining PCIA-eligible RPS energy not accepted during SCE's Voluntary Allocation process, in accordance with California Public Utilities Commission (CPUC) Decision D.22-11-021. The solicitation covers the current RPS compliance period of 2023-2024. SCE is offering a "slice" of its remaining eligible RPS portfolio, allowing buyers to submit proposals to purchase up to 100% of its bundled and unbundled Short-Term RPS-eligible energy and RECs, and up to 65% of its bundled and unbundled Long-Term RPS-eligible energy and RECs, structured as short-term contracts.
The delivery term for accepted offers will begin after Commission approval of the Buyer's contract (CPUC Approval Date) and continue through the remainder of 2023, through 2024, or for calendar year 2024 only. SCE is only selling a forward product in this Market Offer. Participation requires an executed EEI Master Agreement. Interested parties must register on the Power Advocate platform using event code 135801 to access solicitation materials, including the Market Offer solicitation instructions, MWh volume estimates, Non-Disclosure Agreement, Offer Workbook, and standard agreements for both bundled (REC + Energy) and unbundled (REC only) transactions.
Key dates for this solicitation include a joint IOU-hosted Bidder's Conference on January 12, 2023, from 10:30 am to noon Pacific Prevailing Time (PPT). The final submittal deadline for offers is January 20, 2023, at 1:00 pm PPT. Notification of award is scheduled for February 16, 2023, with contract execution and a Tier 1 Advice Letter Filing anticipated in March 2023. The joint Bidder's Conference will be conducted via Microsoft Teams and will also involve Pacific Gas and Electric Company (PG&E) and San Diego Gas & Electric Company (SDG&E).
Resources & contact
Proposal Document
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