Implementation Issues 39 12. This decision adopts the framework for implementing Pub. SYS , to be implemented with the first posting following the effective date of this decision. This decision concludes that if the PX is the market where the utilities procure the majority of their energy requirements and it reasonably represents the costs of other utility purchases, then the PX represents the utilities' avoided cost and is functioning properly for the limited purpose of paying QFs. This decision passes no judgment on whether the electricity market as a whole is functioning properly or efficiently.
All statutory references are to the Public Utilities Code.