On Sunday, 60 Minutes reported on the threat that Russian hackers pose to the U.S. power grid. The story developed further on Wednesday when agencies including the U.S. Department of Energy issued an alert about new malware “Pipedream” focused on Industrial Control Systems (ICS), particularly, energy facilities. This is one of the latest energy stories to make headline news, alongside reports of record numbers of utility-scale storage, solar, and wind power coming onto the grid.
Written by Sarah Baxley Scott, Live Power Consultant
The Wind Production Tax Credit and its impact on the cost of wind production
The Wind Production Tax Credit (PTC) is available to utility-scale wind projects, and provides a tax credit of $10-20 per MWh of production for the first ten years of operation. As such, the marginal cost of production for eligible projects falls below $0/MWh; for example, if a wind project receives a tax credit of $19/MWh, the project will produce when prices at its local node are above $(19)/MWh.
Renewable penetration is increasing across the U.S., and while this helps meet renewable energy targets, can there be too much of a good thing? An example of the challenges that increased renewables can cause manifested itself in the Southwest Power Pool (SPP) last week. Read on to learn about SPP’s record-breaking week, alongside an analysis of the event from Yes Energy’s Product Solution Expert, Jake Landis.
California's New Goldrush
CAISO has quickly established itself as a hotbed for large-scale energy storage. CAISO added 2,419 megawatts (MW) of storage during 2021, a more than 10-fold increase in battery storage capacity from the summer of 2020 to the summer of 2021, and interconnection queues continue to fill up with storage and storage-hybrid resources.
In this blog post we’ll break down the causes and ramifications of the reprice event in PJM for February 2022. The majority of the impact (both in the initial congestion and changes related to the repricing) was in the Northern Neck Peninsula in PJM.
This is the final article in a four-part series on Energized Data, written by Yes Energy’s Director of Data Products, Sonya Gustafson. In this series, Sonya explains what Energized Data is, how to create it, analyze it, and empower it within your organization.
Financial Transmission Rights (FTRs) are complex financial power products. [Read more about different financial power products here]. Given the nature of these products, market participants participating in these markets need to have a comprehensive understanding of the grid’s components and the variables that can drive pricing.
This is the third article in a four-part series on Energized Data, written by Yes Energy’s Director of Data Products, Sonya Gustafson. In this series, Sonya explains what Energized Data is, how to create it, analyze it, and empower it within your organization.
This is the second article in a four-part series on Energized Data, written by Yes Energy’s Director of Data Products, Sonya Gustafson. In this series, Sonya explains what Energized Data is, how to create it, analyze it, and empower it within your organization.
This is the first of a four-part series on Energized Data, written by Yes Energy’s Director of Data Products, Sonya Gustafson. In this series, Sonya will explain what Energized Data is, how to create it, analyze it, and empower your organization to use it.