Wholesale power sales to California’s Community Choice Aggregators up 114% in Q1

S&P Global

Houston — The pattern of wholesale power sales in California in the first quarter of 2019 revealed the strengthening shift in sales to Community Choice Aggregators, or CCAs, according to data filed with the Federal Energy Regulatory Commission and compiled by S&P Global Platts.

Total wholesale power sales in the California Independent System Operator market in Q1 2019, rose 18% to 89.3 million MWh. Over the same time period, sales just to CCAs rose 114% to total 11.952 million MWh in Q1 2019, up from 5.577 million MWh sold in Q1 2018.

In Q1 2018, sales to CCAs represented 7.3% of all wholesale power sales. In Q1 2019, sales to CCAs represented a near doubling, to 13.3% of total sales, according to the data published in S&P Global Platts’ Power Sales Analysis.

Seventeen CCAs bought power from 28 sellers in Q1 2019, compared to just 10 CCAs buying power from 22 sellers in Q1 2018.

The leading CCA buyer was Clean Power Alliance, which is an electricity provider across Los Angeles and Ventura counties in Southern California. CPA says it is now serving close to 1 million customers in 31 communities. In Q1 it bought 2.1 million MWh of power, compared to 65,719 MWh in Q1 2018. Southern California Edison is delivering power to CPA’s customers.

The second biggest buyer in Q1 2019 was East Bay Community Energy, known as EBCE, which launched in June 2018. It bought 1.77 million MWh. Marin Clean Energy, the oldest CCA, which was founded in 2010, was the fifth most active buyer, with 1.22 million MWh purchased, compared to 1.13 million MWh purchased in Q1 2018, an increase of 8.2%.

Read more here: https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/061719-wholesale-power-sales-to-californias-community-choice-aggregators-up-114-in-q1