All-source bidding: Extending integrated competition to utility resource procurement

When facing a resource need, utilities should use all-source bidding to help identify the highest value resources to procure. By soliciting proposals from suppliers across all resource options, the utility applies to procurement the same important principles that guide integrated resource planning. All-source bidding is not new, but many utilities have not used it. This article explains how all-source bidding works, describes the benefits, and offers practical recommendations for utilities and utility regulators.