NewEnergyNews: Renewables Playing The Market

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YESTERDAY

  • Weekend Video: Time To Bring New Energy Home
  • Weekend Video: The Return Of Big Solar
  • Weekend Video: New Ways To Get At Geothermal
  • THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-Paying Fairer Shares In The Climate Fight
  • FRIDAY WORLD HEADLINE-New Energy Can Improve Global Health Care
  • THE DAY BEFORE THE DAY BEFORE

    THINGS-TO-THINK-ABOUT WEDNESDAY, April 14:

  • TTTA Wednesday-ORIGINAL REPORTING: The Differences Between Energy Markets
  • TTTA Wednesday- Biden Admin To Ensure Jobs Plan Protects Equity – DOE Head
  • THE DAY BEFORE THAT

  • SoCalEdison’s Newest Plan To Mitigate Wildfires
  • THE LAST DAY UP HERE

  • Weekend Video: New Energy Means New Jobs
  • Weekend Video: Better Communication About The Climate Crisis
  • Weekend Video: VW Affirms Driving Is Ready To Go Electric
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    Founding Editor Herman K. Trabish

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    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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  • MONDAY’S STUDY AT NewEnergyNews, April 19:
  • San Diego Gas & Electric’s Industry-Leading Plan To Fight Wildfires

    Wednesday, March 10, 2021

    Renewables Playing The Market

    …key trends from renewable energy's 2020 prices and some initial takeaways from Texas 2021

    Adam Reeve, March 8, 2021 (Utility Dive)

    “…[The meltdown of Texas’] ERCOT power grid had dramatic implications at the individual project level, as the financial performance of each project was driven by the weather conditions at its particular location…[Detailed analysis of the Texas event crisis is still ongoing, but hourly generation and price data from every available renewable energy project in 2020 shows] takeaways and trends in renewable energy markets…[Many of these trends could] continue in 2021 and beyond, while other new trends are sure to emerge…

    …The value of renewable energy project generation across the country in 2020 ranged from a low of less than $1/MWh to a high of $57/MWh. (Measured as the value of project generation, sold at the nodal/hub real-time Locational Marginal Price (LMP), where project generation is either observed or modeled depending on data availability.)… Generally, we see that the highest-value projects are located in areas of low renewable penetration of the same technology…[P]rojects can distinguish themselves by offering a production profile that is complementary to other renewable energy projects nearby and can capture high-value hours currently underserved…

    …[T]he highest-value project of any renewables project in the country is a wind project in ERCOT West…[Localized congestion elevated prices] and suppressed them elsewhere…In late October 2020, an ice storm affected parts of Texas showing how projects that planned for extreme weather events are best positioned to take advantage of price spikes…Given that high prices tend to correspond to extreme weather, clean energy buyers should also be aware that a project's resiliency during these events has significant financial impacts — and should align incentives in their offtake contracts accordingly…” click here for more

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