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首页> 外文期刊>Energy Policy >Did a local distribution company procure prudently during the California electricity crisis?
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Did a local distribution company procure prudently during the California electricity crisis?

机译：在加州电力危机期间，当地的配电公司是否谨慎采购？

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摘要

To manage cost risk, prudent procurement of electric power requires that some portion of a buyer's energy demand be met through long-term contracting. Under cost-of-service regulation or performance-based regulation, a local distribution company (LDC) should be allowed to fully recover all prudently incurred power procurement costs. However, the regulatory test of prudence is an ex post review with the threat of disallowance. This paper presents an economic analysis of procurement prudence involving a small LDC, Bear Valley Electric Service (BVES), which serves a resort area in Southern California. The key findings are: (a) high and volatile prices and rolling blackouts characterized the market environment faced by the owner of BVES, Southern California Water Company (SCWC), at its signing of a 5-year fixed price contract; (b) SCWC was a price-taker with no incentive to act imprudently; (c) the contract was obtained via a competitive bidding process; (d) the contract price was comparable to the benchmark price of contemporaneous contracts; (e) the fixed price contract was economic when compared to available alternatives; and (f) despite (a)-(e), a negotiated settlement with the state regulator and a large user resulted in substantial disallowance. The policy implication is that a regulator should approve a prudent procurement plan proposed by an LDC to remove the unreasonable risk of an ex post review. If the LDC strictly adheres to the plan, the resulting electricity purchases are per se prudent and should entitle the LDC to full cost recovery.
机译：为了管理成本风险，审慎的电力采购需要通过长期合同来满足买方能源需求的一部分。根据服务成本法规或基于绩效的法规，应允许本地配电公司（LDC）完全收回所有谨慎产生的电力采购成本。但是，对审慎性的监管测试是事后审查，并存在不允许的威胁。本文介绍了涉及一个小型最不发达国家贝尔斯登电力服务公司（BVES）的采购审慎性的经济分析，该公司为南加州的度假区提供服务。主要发现是：（a）BVES的所有者，南加利福尼亚水务公司（SCWC）签订了为期5年的固定价格合同时，高昂的价格和不断波动的停电是市场环境的特征； （b）SCWC是价格接受者，没有采取不谨慎行为的动机； （c）合同是通过竞争性招标程序获得的； （d）合同价格与同期合同的基准价格相当； （e）与可用的替代方案相比，固定价格合同是经济的； （f）尽管有（a）-（e），但与州监管机构和大量用户协商达成和解，导致了实质性的不允许。政策含义是，监管机构应批准最不发达国家提出的审慎采购计划，以消除事后审查的不合理风险。如果最不发达国家严格遵守该计划，那么购买电力本身就是审慎的做法，应使最不发达国家有权全额收回成本。

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