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Sen. Padilla’s SB 1138 would let load‑serving entities trade hourly RA obligations to cut costs
Summary
SB 1138 would permit hourly trading of resource adequacy obligations so load‑serving entities can avoid unnecessary month‑long purchases; sponsors say it could have saved roughly $180 million in 2025 while maintaining reliability with CPUC oversight.
Sen. Padilla told the committee SB 1138 addresses inefficiencies in California’s resource adequacy (RA) program by allowing hourly trades of RA obligations between load‑serving entities. He said the current ‘slice of day’ compliance framework forces entities to buy monthly RA products that exceed hourly needs and can drive up prices.
Lauren Carr of the California Community Choice Association, a sponsor, said the state’s 25 community choice aggregators serve…
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