What does the MPR mean?
The market price referent (MPR) is a price benchmark that serves two purposes: 1) it establishes the maximum long term contract price that the utility is obligated to pay for renewable power, and 2) it provides that utility payments for contracts signed at or below the MPR will be recovered in rates. If the contract price is above the MPR, application may be made to the California Energy Commission (CEC) for supplemental energy payments (SEP) to cover the difference.
