WASHINGTON, D.C. — The Federal Energy Regulatory Commission unanimously approved the Southwest Power Pool’s innovative proposal to transform its siloed interconnection and transmission processes, which will accelerate the timeline for building new power generation while reducing costs to consumers. The proposal—called the Consolidated Planning Process or CPP—received broad support from diverse stakeholders … [continued]
If utilities modernize the way they select the resources they run each day, they can save carbon and reduce energy prices. Over the past three years, energy market prices have been exceptionally volatile. Natural gas prices spiked then tanked at the end of 2019 and wholesale market prices followed. When … [continued]
U.S. electricity generation from renewable sources, such as hydropower, wind, and solar, accounted for 20% of electricity generation both in 2020 and in 2021. We expect that share to increase to 22% in 2022 and to 24% in 2023 as more generating capacity from wind and solar come online and … [continued]
Replacing the fossil-fueled energy supply with renewable energy requires unusual focus and substantial investment in the electricity sector.
Earlier this year, the Southwest Power Pool (SPP), the regional transmission organization that manages the electric grid for much of the central United States, set records for the highest share of electricity demand supplied by wind power in both a single-hour period (72%) and a full day (62%).
The cost of commercial and industrial scale solar and wind power is still headed down. Power purchase agreement (PPA) contract prices examined in five independent energy distribution territories in the country showed indexed prices down by $0.39/megawatt-hour, or 2.3% during first quarter of this year compared with the fourth quarter of 2018, according to LevelTen Energy’s latest report in May.
The Southwestern Electric Power Company announced on Monday that it was seeking proposals for up to 1.2 gigawatts (GW) of wind energy to be brought into commercial operation by the end of 2021.
A new record for the penetration of wind energy was set by grid manager Southwest Power Pool in the central United States, with 52.1% of the total load being served by wind power at 4:30am on February 12.
Wind generation has grown by more than 11 million megawatt-hours (MWh) in just a year in the huge ERCOT market of Texas.
Upgrading electric transmission lines can result in billions of dollars in benefits according to a new study published by the Southwest Power Pool. Specifically, upgrades to electric transmission lines in the Southwest Power Pool (SPP) region between 2012 to 2014 resulted in more than $240 million fuel cost savings during … [continued]
