Sign-up on our website by completing the online form. Program participants will be enrolled in the program on a first-come-first served basis until the program is fully subscribed.

If you have questions, email a Key Customer Representative at green@siliconvalleypower.com or call 408-244-SAVE (7283).

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.

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.

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.

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.

Under Option B, customers will be responsible for securing their own renewable energy under a long-term contract with a renewable energy provider and offering the energy from such resource into the CAISO market for energy payment. SVP and Customer will execute a customer contract for SVP to purchase the RE from customer at an agreed upon price and sell such energy back to the customer at the same price. This exchange known as indexing is necessary so that SVP and the customer can document, trace, and retire RECs related to the customer’s SVP energy usage. Under this option, the customer still pays standard full-service retail rate under its otherwise applicable rate schedule, and the customer’s share of LCRE Program administration cost. Due to the complexity of the structure and administrative burden under Option B, participation is initially limited to eight (8) customers, on a first come, first serve basis.

SVP compensates Option B customers for SVP’s avoided cost to meet SVP’s retail renewable energy delivery obligation. Option B customers will receive an annual REC credit based on the market value of RECs:

Example: In 2023, SVP's RPS % = 42%, REC price (mix of PCC1, PCC2 and PCC3) = $12, customer’s energy usage was 10,000 MWhs, SVP was able to exclude 10,000 MWhs from its retail sales in determining renewable energy delivery obligation and therefore avoided to procure 10,000 MWhs x 42% = 4,200 RECs, if customer retired 4,200 RECs to fulfill SVP’s RPS requirement, the annual REC credit = 4,200 x $12 =$50,400.

Under Option B, the customer enters into a contract with SVP to set up the supplemental RE requirement as the contract quantity for each calendar year or compliance year.

If the customer has a significant load growth during a calendar year and the contract quantity is expected to be less than customer’s actual supplemental RE requirement, or if RE generated from the RE facility is less than projected, then at least 90 days prior to the end of the calendar year, the customer may request SVP to supply additional RE quantities to mitigate such shortfall on customer’s behalf. The cost for additional RE would come at the current market value and at the customer’s expense.

If the customer experiences a load decline during a calendar year and the contract quantity is more than customer’s actual supplemental RE requirement, then SVP may purchase such excess RECs at a mutually agreeable price from customer, or customer can choose to have SVP bank the excess RECs in a WREGIS subaccount designated for the benefit of customer for their subsequent use.

• Meet your corporate sustainability goals
• Mitigate Scope 2 emissions
• Ability to choose amount of supplemental renewable energy
• Reduction in California carbon emissions
• Partnership with the local utility
• Go further and faster than California’s renewable energy targets
• Recognition as Santa Clara’s environmental leaders

Unbundled RECs, known as PCC3, are sold separately from physical electricity and represent the legal rights to the environmental benefits of each megawatt-hour of green power produced by renewable energy generators. RECs purchased as part of the Large Customer Renewable Energy (LCRE) Program are bundled RECs, known as PCC1, so customers receive both the physical electricity and the legal rights to the environmental benefits.

The following link should take you to the definitions of the various PCC definitions (Section 3203 of the regulation pages 7-10)

Modification of Regulations Specifying Enforcement Procedures for the Renewables Portfolio Standard for Local Publicly Owned Electric Utilities

Under the Santa Clara Green Power program, Silicon Valley Power purchased unbundled renewable energy certificates (RECs) on behalf of residential and business customers. When power is generated from renewable technology such as wind or solar, one REC is created for every one megawatt of energy produced. The RE represents two components: the energy and the environmental attribute (REC). The REC components can be sold together with energy (bundled) or broken apart and sold separately (unbundled). The RECs sold under the Santa Clara Green Power program were not bundled with energy, not included in SVP’s Renewable Portfolio and not tied to the CA Grid. The Santa Clara Green Power program relied on the use of independently validated RECs from eligible renewable resources. The RECs under the Santa Clara Green Power program is known as Portfolio Content Category 3 (commonly knowns as PCC 3) as described in California Public Utilities Code (PU Code) Section 399.16 (b). This type of REC is not bundled with energy and is not tied to any specific resource.

Under the Large Customer Renewable Energy (LCRE) Program, large business customers can 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).  The RECs sold under the LCRE program are bundled with energy, go above SVP’s Renewable Portfolio and are tied to the CA Grid. The LCRE program also offers customers the option to have SVP procure supplemental RE on their behalf (option A) or customers may choose to enter into their own power purchase agreements and procure RE themselves (Option B).

The Large Customer Renewable Energy (LCRE) Program is a voluntary clean energy program offered by Silicon Valley Power that gives commercial customers the ability to cover up to 100 percent of their electricity usage with renewable sources of power at minimal additional cost. When you enroll your business in the program, Silicon Valley Power purchases supplemental renewable energy (RE) for you from western solar facilities or wind facilities in an amount equal to your entire electricity demand, if your corporate goal is 100% renewable. The supplement RE amount is the difference between your corporate goal and SVP’s RPS goal for the compliance year.

Commercial and industrial customers served under a demand metered Rate Schedule with billing demands over 3,000 kilowatts per month, or with billing demands over 1,000 kilowatts per month and enrolled in SVP’s Green Program for the calendar year 2022 are eligible to participate in LCRE. Customers may aggregate their accounts or meters to reach the 3,000 kilowatts participant threshold. Customers have two options to participate in this Program. Option A - SVP procures and retires RECs on the customer's behalf or Option B - Customers procure their own RECs and SVP retires the RECs on the customer's behalf.

No. The existing power supply network assures uninterrupted electricity service throughout the day to your business even when there is intermittent sunlight or wind. While RECs purchased through the Large Customer Renewable Energy (LCRE) Program represent both the environmental attributes of renewable energy and the physical energy, SVP will still manage uninterrupted electricity service to program participants.

Due to the way power grids work, electricity from a specific facility or source generally does not flow directly to a specific customer's location. However, when you enroll in the Large Customer Renewable Energy (LCRE) Program, we guarantee that renewable energy in the exact amount of your electricity use is generated and delivered to Silicon Valley Power’s electricity grid (Western Electricity Coordinating Council region).

Individually and collectively, these purchases support the production of renewable energy, increase the financial value of power from renewable sources, and create a transparent and sustainable market that encourages new development of renewable energy facilities.

To learn more about how the electric grid works, visit the U.S. Energy Information Administration’s.