Large Customer Renewable Energy (LCRE) Program

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The LCRE Program is a voluntary pilot rider to enable large SVP customers to purchase supplemental Renewable Energy (RE) above the amount of RE already included in SVP’s energy delivery portfolio. Supplemental RE under this Program will be California Energy Commission (CEC) Renewable Portfolio Standard (RPS) Certified Content Category 1 (commonly known as PCC 1) bundled energy as described in California Public Utilities Code Section 399.16 (b).

Annual Open Enrollment Period

The Open Enrollment Period for the 2026 program year is now closed. The annual open enrollment period for subsequent years will be September 1 - September 30. During the Annual Open Enrollment Period, SVP will update the LCRE participation price for the upcoming program year.

Each Program Year begins on January 1 and ends on December 31.

Go Above and Beyond California's Goal

Two Ways to Participate

Customers can decide to cover 80% or 100% of their monthly energy usage.

Full-Service Option A: Customers can elect a level of supplemental RE up to 100% of their annual energy usage. SVP procures supplemental RE for customers in one (1) year terms (Program Year begins on January 1 and ends on December 31). SVP will provide certification that the RE is generated from specified eligible renewable projects in California, or delivered directly to a California Balancing Authority.

Current Option A Participation Price: The indictive price of PCC1 Renewable Energy Credits (RECs) for the upcoming 2026 Program Year is $25/MWh.

SVP’s RPS goal for the upcoming compliance year is 50% for 2026.

Bring-Your-Own Option B: Customers provide their own RE resource under a five (5) year or ten (10) year term Customer Agreement with SVP. Customers remain full-service SVP customers but can either develop their own RE facility or obtain RE from a third party. SVP will pay customers SVP’s avoided costs in the form of an annual payment (“REC Payment”) specified under Customer Agreement.

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Last Updated:

01-24-2023

Enrollment is now closed

FAQs

How can I sign-up?
How much does participation cost?
Under Option A, customer’s payment obligations include charges under customer’s otherwise applicable rate schedule, the cost of PCC1 RECs for the supplemental RE delivered by SVP and the Program administrative fee.
1. Administration Fee - 1% of the notional value of the contract to cover brokerage fee and SVP staff time
2. WREGIS Retirement Fee - the WREGIS transfer/retire fee is passed through per the current WREGIS fee matrix
3. Current Option A Participation Price: The indictive price of PCC1 Renewable Energy Credits (RECs) for the upcoming 2026 Program Year is $25/MWh.
Under Option B, Customer’s payment obligations include charges under Customer’s otherwise applicable rate schedule, and Program administrative fee as described under the Special Conditions Section 1. Customer will receive an annual REC payment for the market value of the RECs included in SVP’s energy deliveries to customer only if SVP is able to exclude all or a portion of the customer’s energy usage from SVP’s retail sales in determining renewable energy delivery obligation under Section 3204 (b) (9) of California Code of Regulation, Title 20, Division 2, Chapter 13.

Special Conditions:
1. Customer will reimburse SVP for SVP’s out-of-pocket costs to administer the LCRE program (the LCRE Program administrative fee) that are reasonably allocable to customer, which include but are not limited to, the pass-through of brokerage fees and the WREGIS fees associated with transfer and retirement of RECs. For Option A customers, the effective LCRE Program administrative fee for each Program Year will be posted with the Contract Price during each open enrollment period. For Option B customers, the Program administrative fee will be specified in the Customer Agreement.
How will I be billed?

Customers will still pay their monthly electric bill under the retail rate schedules. Under Option A, your participation in the Large Customer Renewable Energy (LCRE) Program will be reflected in a separate line item on your monthly utility bill. Customers will still receive their regular monthly electric bill - with green cost added to the energy consumption.

Under Option B, customers will still receive their regular monthly electric bill. Customers will receive an annual credit for the market value of the RECs included in SVP’s energy deliveries to customers only if SVP is able to exclude customer’s energy usage from SVP’s retail renewable energy delivery obligation.

In Option B, customers are exposed to the market risk - the difference between the power purchase agreement (PPA) price paid by the customer and CAISO Settlement Value (customer received).

That negative/positive cash flow is between the customer and their Renewable Energy (RE) supplier/Schedule Coordinator, not between the customer and SVP.
If an existing LCRE program participant opens a new electric account, does that count as a qualifying event to make changes outside of the open enrollment period (OEP)?

Yes. LCRE program participants are eligible to enroll any new demand metered electric accounts into the LCRE program outside the open enrollment period (OEP). The customer will need to notify SVP but does not need to wait until the next OEP to add newly opened accounts. To add any new eligible electric accounts outside the OEP, customers will be required to pay the bid price for the available quantity (if there are any offers in the market). SVP will enter into the transaction on the customer’s behalf for the new account(s).

To enroll new electric accounts into the program or make changes to your participation level, existing LCRE program participants should email green@siliconvalleypower.com or contact their Key Customer Representative.
Under Option B, does SVP require deliverability?

SVP doesn’t require “deliverability” as part of the Option B LCRE program as that term is used by the CAISO in their deliverability assessment of the project as it goes through the Transmission Planning Process. It is necessary to request deliverability, either partial or full, to eventually qualify the resource to provide Resource Adequacy (RA), but under our Program this was only an option that would allow you to sell any RA attributes to SVP if the project qualified, and not a requirement.

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408-244-SAVE (7283)
green@siliconvalleypower.com