HB23-1039: Colorado Resource Adequacy Act of 2023

• All electric load-serving entities in Colorado must submit annual resource adequacy reports to their applicable regulatory oversight entity starting April 1, 2024, identifying generating resources and accredited capacity used to serve customers.

• Each regulatory oversight entity must submit received reports to the Colorado Energy Office by April 30 annually, and the Energy Office must aggregate and publish a statewide resource adequacy report by July 1 each year.

• Reports must include native load forecasts, nameplate and accredited capacity by resource type, distributed generation and storage identification, demand response information, target and forecasted planning reserve margins, and plans to address any capacity shortfalls.

• Load-serving entities participating in organized wholesale markets or voluntary regional resource adequacy reporting programs are exempt from reporting obligations once they begin participation or submit required compliance reports.

• The Colorado Energy Office receives $14,737 in general fund appropriations for 2023-24 to implement the act, based on 0.1 FTE requirement for program administration.