California Energy Markets
California’s community choice aggregators are going into 2023 with additional procurement contracts and at least one has stronger financing in place.
The state’s CCAs have signed long-term power-purchase agreements for 11.26 GW of power, according to the California Community Choice Association, which provided the information in a Nov. 10 news release.
California’s CCAs have committed more than $14 billion to new-build generation projects with terms ranging from 10 to 25 years. The procurements include “a robust mix of renewables and energy storage technologies that will facilitate California’s transition to a carbon-free electricity supply and achievement of their own accelerated climate action goals,” according to CalCCA.