Or. Admin. R. 860-038-0220 - Portfolio Options
(1) An
electric company must provide each residential consumer who is connected to its
distribution system with a portfolio of product and pricing options. An
eligible customer may enroll in or exit renewable resource options at any time,
subject to any switching fees approved by the Commission under subsection
(8)(e) of this rule. The minimum term for customers enrolling in a market-based
option is 12 months. Portfolio options will not be offered to large
nonresidential consumers.
(2)
Sections (3) through (8) of this rule apply to residential portfolio product
and pricing options.
(3) By July 1
of each year, the Portfolio Options Committee will recommend portfolio options
to the Commission that will be effective January 1 of the following year. Each
recommended portfolio option shall specify a service period from 12 months to
36 months. The Commission is not bound by the recommendations of the Portfolio
Options Committee.
(4) The
portfolio must include at least one product and rate that reflects renewable
energy resources and one market-based rate. The Portfolio Options Committee
will recommend the resource content of each renewable energy resource product.
At least one renewable energy resource product will contain "significant new"
resources. The Portfolio Options Committee will recommend a definition of
"significant" based on an evaluation of resource availability, resource cost,
and other factors. The portfolio options may include options for the collection
of funds for future renewable resource purchases or collection of funds for
energy related environmental mitigation measures such as salmon
recovery.
(5) Each electric company
is responsible for administering the options, including but not limited to
marketing and billing.
(6) Each
electric company must acquire the renewable supply resources necessary to
provide the renewable energy resources product through a Commission-approved
bidding process or other Commission-approved means. Each electric company may
acquire the resources necessary to provide the other product and pricing
options at its discretion.
(7) Four
months prior to the implementation of the portfolio product and pricing options
an electric company must file tariffs for its portfolio options.
(8) This section applies to residential and
small nonresidential product and pricing options. An electric company must
develop portfolio rates as follows:
(a) The
portfolio rates must be based on the unbundled costs identified through the
application of OAR 860-038-0200;
(b) The portfolio rates for any class of
customer must be based on the unbundled costs to serve that class;
(c) The portfolio rates must include any
additional electric company costs that are incurred when a consumer chooses to
be served under the portfolio rate option;
(d) The portfolio rates must exclude electric
company costs that are avoided when a consumer chooses to be served under the
portfolio rate option;
(e) An
electric company may impose nonrecurring charges to recover the administrative
costs of changing suppliers or rate options; and
(f) Rates must be established so that costs
associated with the development or offering of rate options are assigned to the
retail electricity consumers eligible to choose such rate options.
(9) This section applies to small
nonresidential portfolio product and pricing options. The Portfolio Options
Committee will recommend portfolio product and pricing options, if any, to the
Commission for approval. The electric company must implement small
nonresidential portfolio product and pricing options adopted by the Commission.
(10) By March 31 for the prior
calendar year, an electric company must acquire or issue renewable energy
certificates in an amount at least equal to the electric company's sales of
renewable energy certificates to residential and small nonresidential consumers
for each renewable resource option.
Notes
Stat. Auth.: ORS 183, 756 & 757
Stats. Implemented: ORS 756.040 & 757.600 - 757.667
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