I. 2020 RFP PROPOSALS – 100% Renewable power and financing to create a local power utility!
In August 2020, in response to a one-month window Request for Proposals (RFP) Boulder received viable bids that would make it possible to achieve Boulder’s Climate Commitment target of 100% renewable electricity and 100 MW of local generation by 2030 with for innovative financing to support continued development of a municipal electric utility.
Experienced utility vendors
- project development and operational experience,
- municipal, cooperative and investor-owned utilities experience
100% renewables by 2030
- utility-scale solar, wind and battery storage projects
- local power: community solar and storage projects (in city limits and Boulder County)
- Pricing lower than Xcel
- Pricing lower than 2018 RFIP
Innovative Financing
- remaining activities to create a municipal electric utility (e.g. legal, regulatory, condemnation, engineering studies, power supply interconnection studies)
- acquisition, separation, start-up and stranded costs.
II. 2018 REQUEST FOR INDICATIVE PRICING (RFIP)
The City’s 2018 Request for Indicative Pricing (RFIP) showed that Boulder could save $40 million per year on energy costs at 89% renewable power by purchasing from vendors other than Xcel. And, even at higher costs, Xcel would be providing only 53% renewables.