NewEnergyNews: ORIGINAL REPORTING: New Energy Keeps Winning In The Market/

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YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
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    Founding Editor Herman K. Trabish

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    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    Wednesday, September 22, 2021

    ORIGINAL REPORTING: New Energy Keeps Winning In The Market

    Xcel's record-low-price procurement highlights benefits of all-source competitive solicitations; The utility's Colorado division showed how competitive bidding benefits customers if regulators protect the quality of the process.

    Herman K. Trabish, June 1, 2021 (Utility Dive)

    Editor’s note: New Energy prices spiked slightly during the pandemic due to supply-demand and supply chain issues, but natural gases are rising even more rapidly.

    New data shows Xcel Energy Colorado’s 2016-2017 all-source competitive solicitation (ASCS) secured even lower costs than power sector leaders previously thought, adding momentum to interest in this emerging approach to procurement.

    Xcel’s ASCS returned a $0.0017/kWh bid for wind, a $0.023/kWh bid for solar, and a $0.03/kWh bid for solar-plus-storage, according to a February 2021 Xcel presentation to Michigan regulators. These prices, compared to Colorado’s average January 2021 residential electricity price of $0.126/kWh, have other utilities asking how they can use this procurement approach.

    ASCSs identify "market-based portfolios that meet utility needs on both cost and risk from the full range of options," said 3rdRail Managing Partner Fredrich Kahrl, lead author of a March 2021 Lawrence Berkeley National Laboratory (LBNL) ASCS study. The study outlines 11 ASCS proceedings from investor-owned utilities from 2011-2019, including Xcel Colorado and Northern Indiana Public Service Company (NIPSCO).

    This resource-neutral approach, which can include utility self-build proposals, can be "a valuable strategy for utilities to address uncertainty in a time of rapid technological change," Kahrl said. Unlike single resource requests for proposals (RFPs) to meet planning needs, ASCSs consider all offers that meet a utility’s criteria from all bidders, representatives of Xcel Colorado and NIPSCO added.

    Single resource RFPs were the norm when utilities typically chose between hydropower, fossil fuels and nuclear generation and prices were well-known. In the last decade, ASCSs are gaining in use because of the price and availability feedback they provide on emerging technologies like wind and solar.

    Xcel Colorado's ASCS showed regulators "carefully regulated competitive planning and solicitations drive quality up and prices down and benefit consumers," added former Colorado Public Utilities Commission (COPUC) Chair Ron Lehr. However, regulators must ensure ASCSs’ "fairness and transparency," beginning with oversight of utility planning, LBNL’s research emphasized. It described regulators' critical role in keeping valuation of the benefits and risks of traditional and renewable generation, distributed energy resources (DERs), energy storage and utility-owned resources open and equitable to protect the process… click here for more

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