• An Invitation from MBCP – Join the Discussion: Proposed Pathway to 100% Renewable Energy by 2030

    On Thursday, August 27 at 4pm, Monterey Bay Community Power (MBCP) staff and community members will discuss an important, potential next step in the agency’s future as it relates to affordability and the ability to meet California’s climate goals through clean and renewable energy sources. 
    To date, MBCP has sourced a power mix comprised of both eligible (by California’s Renewable Portfolio Standard) renewable resources and non-eligible renewable resources to meet an annual power mix that is 100% carbon-free. As MBCP continues to evolve and grow into Central Coast Community Energy, staff sees both an economic and environmental opportunity to build upon its current power mix to achieve an even more affordable, aggressive and impactful power mix.  
    The increasing cost of large hydroelectric attributes required to maintain a 100% carbon-free power mix, as well as an increasing PCIA fee (exit fee levied by investor-owned utilities on MBCP customers and all community choice energy customers across California) have created many external pressures on MBCP and its current procurement strategy such that it is time to re-evaluate what is the most effective path forward. 
    As part of the agency’s founding goals, MBCP is committed to measurable reductions in greenhouse gas (GHG) emissions by focusing its power supply acquisition toward accelerating the deployment of renewable resources, continuing the electrification of transportation and building sectors through innovative energy programs, and supporting customers and the private sector’s investment in behind the meter storage and distributed energy generation. 
    To accelerate the acquisition of utility-scale clean and renewable resources, MBCP staff recommends entry into long-term agreements for renewable resources that will be sufficient to meet 60% of demand by 2025 (five years ahead of SB100’s statutory mandate), and 100% of demand by 2030 (exceeding the state goal by 40% fifteen years ahead of schedule). To address ever-growing issues around grid reliability, staff further recommends that by 2030, MBCP balance its renewable supply and customer demand monthly, as opposed to the current annual balancing approach. 
    Agenda for next week’s discussion:
    1) Overview of MBCP’s current and proposed procurement strategy 
    2) What this means for business and agricultural customers across the Central Coast?  
    3) Q&A 
    Link to Zoom meeting: 
    https://us02web.zoom.us/j/81218029390?pwd=TUFzQy9TU0NWZnZNM1J1bFNMK2hyQT09 or dial US: +1 669 900 6833 Meeting ID: 812 1802 9390 Passcode: 3865738999