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Friday Sep 6, 2024 |
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The end of summer is near… although the heat is not quite done in the West yet. Temperatures are rocketing up in the short term with new highs for the summer, especially in Southern California. In the Pacific Northwest the Mid-C bilateral price just reached the highest mark since ...
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Thursday Sep 5, 2024 |
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The great divide is in play this week as the regional temperatures east of the Rockies are moderate while all regions to the west are dealing with extreme levels, including the coastal areas within Southern California. The population weighted average temperature level is record setting for ...
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Wednesday Sep 4, 2024 |
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It’s a story we’ve been following for a quite a while, since before the CPUC made their final decision on increasing the amount of gas allowed in Aliso Canyon. The ultimate decision made last fall was to increase the limit, leaving SoCal with an abundance of gas this spring and summer.
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Tuesday Sep 3, 2024 |
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As summer draws to a close, energy demand typically begins to decline, leading us into the shoulder season. During the summer months, high temperatures drive up electricity consumption, resulting in higher load levels. This period is also characterized by typically lower wind generation, which ...
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Friday Aug 30, 2024 |
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In a previous blog this week, we referenced the growing amount of solar generation installed on the MISO grid, and how it is starting to have an impact on price formation. But just how much solar generation is there?
Figure 1 | MISO Maximum Solar Generation by Year and Month
The figure above shows ...
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Thursday Aug 29, 2024 |
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The underwhelming prices in ERCOT have been a frequent topic of conversation so far this summer, as even with new records reached in load and net load the day-ahead and real-time settlements have failed to live up to the hype. We have written about the supply components on the renewable side ...
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Wednesday Aug 28, 2024 |
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In our blog last week, we wrote about the CAISO and ERCOT battery fleets breaking all-time dispatch records this August. This might make you think there were impressive arbitrage opportunities on those days, incentivizing more batteries to take advantage. This was certainly part of the story in ...
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Tuesday Aug 27, 2024 |
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Solar energy capacity in the Midcontinent Independent System Operator (MISO) region has seen explosive growth in 2024, nearly doubling its output to 6 GW early in Spring this year, increasing further over the summer. This rapid expansion is significantly influencing intra-day balancing and price ...
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Monday Aug 26, 2024 |
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This weekend brought CAISO’s power prices lower than any day since June 16th (Father’s Day) with flat power settles going as low as $14.24 in SP15. While summer certainly isn’t over, fall is creeping up on us. The story is familiar from spring when SP15 hit deeply negative prices.
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Friday Aug 23, 2024 |
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Dam-generated hydro occupies a strange niche. To characterize it briefly, it has the combination of being simultaneously part dispatchable, part baseload, intermittent, the single largest source of generation in the Northwest, and the subject of controversy among people that on both sides are ...
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