We are pleased to announce a new study that examines the value of adding batteries to wind and solar plants located in areas that face transmission congestion. We examine two types of areas facing transmission congestion. These areas represent portions of Regional Transmission Organizations (RTOs) or Independent System Operators (ISO) territory selected … [continued]
Small-scale solar arrays, wind turbines, and other distributed resources are turning ratepayers from consumers into renewable energy heroes.
Renewable energy makes strange bedfellows, as illustrated by the hookup between Texas, the proposed new TXSE exchange, and BlackRock. Image courtesy of Pattern Energy.
Renewable energy makes strange bedfellows, as illustrated by the hookup between Texas, the proposed new TXSE exchange, and the ESG-friendly financial powerhouse BlackRock.
Figure 2. In 2023, average wholesale electricity prices (2023$/MWh) varied strongly by region. Shown are annual average real time electricity market prices based on data from all locational marginal p ce (LMP) nodes in 2023. Energy Markets & Policy Berkeley laboratory
The Renewables and Wholesale Electricity Prices (ReWEP) visualization tool from Berkeley Lab has been updated with nodal electricity pricing and wind and solar generation data through the end of 2023: https://emp.lbl.gov/renewables-and-wholesale-electricity-prices-rewep. ReWEP users can explore trends in wholesale electricity prices and their relationship to wind and solar generation. ReWEP includes … [continued]
The electricity mix of energy sources in Texas, managed by the Electric Reliability Council of Texas (ERCOT) electricity grid operator, changed noticeably in 2023. Although wind power remains the largest source of renewable power in the state, the installation of new wind turbine capacity slowed in 2023, while additions of … [continued]
Texas continues to rack up the renewable energy wins with a record-breaking month for solar power capping a surge past coal.
We expect average wholesale electricity prices for 2024 in most areas of the country to be close to or slightly lower than in 2023 because of relatively stable generation fuel costs. However, periods of high demand or power market supply constraints could lead to temporary spikes in wholesale prices. We … [continued]
This summer, the United States endured the two warmest months ever recorded, yet the system held because of renewable energy.
The Southwest Power Pool (SPP) uses a more specific alert system than NERC. Source: Southwest Power Pool.
Electricity grid operators often keep a wary eye towards the thermometer, particularly during the summertime danger season, as daily temperatures soar above 90 degree Fahrenheit and heat waves spread around the country. And for good reason: extreme heat events cause a host of reliability issues for the grid. Electricity demand … [continued]
Offshore wind stakeholders may have the wind at their backs in Texas, where conditions are ripe for offshore development.
Offshore wind stakeholders may have the wind at their backs in Texas, where conditions are ripe for offshore development despite pushback from the usual suspects.
