AgdaPkt 2016-01-25 Closed and Interview and Joint SA PFA

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The SMC Office of Sustainability established an Advisory Committee in early 2015, on which Vice Mayor Ian Bain has served as a member and the City’s Public Works Services Director, as an alternate. When neither was available, other City staff attended the committee meetings. In September 2015, SMC released its draft technical feasibility study on CCA, which estimates GHG reductions and costs for three levels of renewable power. The technical study can be found at the CCA program’s website: http://www.peninsulacleanenergy.com/resources/technical-study/. SMC’s CCA program is now named Peninsula Clean Energy (PCE). ANALYSIS PCE’s draft technical study assesses the benefits and liabilities of forming a CCA in San Mateo County. The study examines three hypothetical scenarios (portfolios of 35-42%, 50-65% and 100% renewable power) and calculates the rates and GHG emissions under each scenario. These hypotheticals are meant to assess the feasibility of PCE under a range of conditions; however, the portfolio products ultimately offered by PCE will be determined by the JPA. The study estimates that the first scenario would be 5% lower in cost but would also result in higher GHG emissions than PG&E. The second option would be slightly lower in cost (3%) but result in lower GHG emissions than PG&E. The third option would be slightly more expensive (2%) but would provide substantial GHG emission reductions as compared to the current PG&E portfolio. The study also includes a cost benefit analysis, a sensitivity analysis to show the range of rates for each of three electricity supply scenarios, and a risk analysis. Benefits The benefits of PCE include: · providing greater consumer choice about the environmental attributes of their electricity supply, · introducing competition into the energy marketplace to help lower costs for consumers, · potential for reducing communitywide GHG emissions, and · establishing local control over energy procurement, rate-setting, and programs PCE offers consumers a choice between service providers where there currently is none. Businesses and residents could opt out of the program and stay with PG&E or opt in and choose from among the portfolio options offered by PCE. Consumers may be able to choose between multiple power options, each with a different percentage of renewable energy. SMC forecasts that the JPA will choose to provide a default option that is price competitive with PG&E’s current rates but with a higher percentage of renewable 7.A - Page 2