GFO-22-302 – Valuation of Investments in Electricity Sector Resilience

Purpose: The purpose of this solicitation is to fund applied research to collect data and apply methods that contribute to the practical understanding and valuation of electricity system resilience for the purpose of guiding investments by Investor-Owned Utilities (IOUs) and informing electricity resilience improvements overall. This initiative would contribute to the development of methods for valuation of societal benefits (including economic, public health, and other societal benefits) of customer and grid-resilience investments, such as microgrids, distributed generation, and storage. As a starting point, this research would include analyses of recent historical weather-related events and other situations (e.g., PSPS events) that have precipitated power outages as a basis for understanding the types of impacts that could be valued in the context of climate resilience by state and local governments. It would also evaluate the distribution of these events among ratepayers, with particular consideration of equity concerns and impacts on Disadvantaged Vulnerable Communities (DVCs), as defined by CPUC for the climate-vulnerability context. Eligible Applicants: This solicitation is open to all public and private entities with the exception of local publicly owned electric utilities. Eligible Geographies: No local publicly owned electric utilities. Matching Funding: Match funding is required in the amount of at least 5% minimum of the requested project funds.

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  crystal.willis@energy.ca.gov