The Western Energy Imbalance market generated about $65 million in savings in the third quarter of this year, with total benefits reaching about $801 million since its launch in November 2014, according to a Nov. 1 press release from the California Independent System Operator Corporation. The energy imbalance market is an automated system that secures…
DetailsFuture growth in natural gas consumption will be concentrated in developing nations, especially in Asian, including China, India, Bangladesh, Thailand, and Vietnam, according to the U.S. Energy Information Administration’s (EIA) latest International Energy Outlook 2019. Annual natural gas consumption in non-OECD Asia is expected to reach 120 billion cubic feet per day by 2050, outpacing regional production by…
DetailsThe Southwest Power Pool Inc.’s board of directors approved the grid operator’s 2019 Integrated Transmission Plan, requiring members to construct 44 new projects, including 166 miles of transmission lines, according to an October 29 press release. The rapid expansion of renewables has contributed to increasing price disparity between the western and eastern portions of the SPP system, creating higher average…
DetailsThe California Public Utilities Commission issued its annual Renewables Portfolio Standard (RPS) report showing that the program is on track and is helping to drive down renewable contract prices and increasing in-state procurement, according to a Nov. 1 press release. As of 2019, the state’s large investor-owned utilities have executed renewable electricity contracts necessary to…
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