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.
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. The proposed research is an energy-related environmental research project under the EPIC Interim Investment Plan 2021 initiative “Valuation of Investments in Electricity System Resilience.” It will support two themes articulated in that plan:
Researchers supported by this solicitation will:
A description of the project scope can be found on page 10 of the Solicitation Manual. See Supporting Documents, below.