IOU RPS Bids by Fuel Type
This chart illustrates the change over the last 4 years in both the number and the type of projects bid into the RPS solicitations issued by California’s three large IOUs – Pacific Gas & Electric (PG&E), Southern California Edison (SCE), and San Diego Gas & Electric (SDG&E).
The entrance of large financial agents into the RPS market; the consolidation of the market as large companies buy smaller, well-performing developers; and the record response to the 2007 RPS solicitation all indicate that the RPS procurement environment is maturing.
- Nearly all of the responses to the 2007 Request for Offers were for new projects.
- The total amount of generation offered into the 2007 RPS solicitation is more than double that offered into any previous RPS solicitation.
- Solar thermal technology has seen a particularly large increase in interest in the past year