2021 Oregon Revised Statutes
Volume : 13 - Housing, Games, Environment
Chapter 469A - Renewable Portfolio Standards
Section 469A.475 - Legislative findings; electricity markets; review of greenhouse gas emissions rates.
(1)(a) The Legislative Assembly finds that existing and future electricity markets will play a critical role in the transformation of the electric sector to nonemitting sources, as well as enabling load serving entities to reduce costs and serve load reliably by accessing resource and load diversity.
(b) The Legislative Assembly further finds that accounting and compliance frameworks designed to further the State of Oregon’s policy objectives should support and be consistent with efforts to enhance the access to and scope of existing and potential future electricity markets.
(c) Acknowledging the inherently regional and multistate nature of electricity markets, the State of Oregon should coordinate and collaborate with other states to achieve the goal of aligning accounting methodologies where possible while also ensuring market rules do not undermine state policy objectives.
(d) Over time, the evolution of regional wholesale electricity markets may necessitate the modification of existing accounting and compliance rules to ensure the benefit of market participation are preserved.
(2) The Department of Environmental Quality may periodically review and update its calculation under ORS 468A.280 of the greenhouse gas emissions rates assigned to unspecified power purchases and purchases of power dispatched by centralized market operators to reflect the current resource mix and associated emissions of such purchases. The department shall ensure that the calculation of emissions rates under this section takes into account the potential for the energy imbalance market and other centralized market operations across a wide geographic area to increase the availability of nonemitting resources to serve load in the state. [2021 c.508 §15]
