NewEnergyNews: ORIGINAL REPORTING: The Risks Of NatGas and Renewables In The California Power Mix/

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

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
  • --------------------------

    --------------------------

    Founding Editor Herman K. Trabish

    --------------------------

    --------------------------

    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

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • 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, February 07, 2018

    ORIGINAL REPORTING: The Risks Of NatGas and Renewables In The California Power Mix

    Gas plants or renewables? New LBNL study helps utilities compare the risks; A financial tool based on probabilities could make generation investments easier for utilities and IPPs

    Herman K. Trabish, June 29, 2017 (Utility Dive)

    Editor’s note: The pushback against natural gas in California is gaining momentum as procurement slows and the state’s climate change goals get more ambitious.

    With wholesale power prices low and federal power regulations in limbo, choosing the right generation investments has never been trickier — or riskier — for utilities and independent power producers. In 2016, natural gas provided 42% of U.S. power capacity and led all resources with 34% of total generation. Solar, however, led in capacity added with more than 14,700 MW, accounting for 39% of the U.S. total. And wind energy accounted for 30% of the capacity installed since 2012. In 2016 its total installed capacity reached above 82 GW in the U.S. In deciding between renewables and natural gas generation, a utility wants the most economic and reliable choice. A new Lawrence Berkeley National Laboratory (LBNL) study offers a new way to compare them, showing that renewable resources have added value as hedges against natural gas price volatility.

    The study’s “statistical concept” quantifies the probable risks of each resource and factors them into a levelized cost of energy (LCOE) comparison. Probability of exceedance is commonly used by IPPs and utility planners to describe the uncertainty of annual wind and solar project energy production, the paper reports. It can also be used for natural gas price projections. Statisticians label the mid-range case “P50,” but calculate a probability for all possibilities from P1 to P99. The LBNL study quantifies the risk at each P-level of expected renewables output levels and natural gas prices. The numbers show that higher-than-expected gas prices appear to be riskier to ratepayers than lower-than-expected wind or solar output… click here for more

    IFTTT Recipe: Share new blog posts to Facebook connects blogger to facebook

    NO QUICK NEWS

    0 Comments:

    Post a Comment

    << Home