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Commission approves VPP settlement to launch standard-offer aggregated VPP program with two-year evaluation
Summary
The PUC approved a voluntary aggregated virtual power plant program under a settlement: a standard-offer framework, 25 MW per year cap, $79 million five-year budget allocation, performance-based compensation, and a required two-year evaluation to consider competitive solicitations and other refinements.
The commission approved an aggregated virtual power plant (VPP) settlement on Oct. 29 that establishes a standard-offer, performance-based program to compensate aggregators of distributed energy resources for capacity and other grid services. The settlement was joined by a broad range of parties including staff, AEU, ACE, Boulder, WRA, Sun and Tesla; the Office of the Utility Consumer Advocate objected to parts of the settlement arguing for earlier competitive procurement.
Under the settlement: eligible aggregators can receive set compensation under an…
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