Reducing carbon will transform the power system
Throughout the West, retiring coal plants and a plethora of clean energy policies in states, municipalities, and utilities have changed how electricity markets function, adding even more uncertainty to an already challenging enterprise: forecasting the future.
At the Council’s August power committee meeting, John Ollis presented the preliminary findings of the Council’s wholesale electricity price forecast. The forecast is used in developing the Council’s resource strategy for its regional power plan.
At its June Council meeting, Principal Analyst Steven Simmons presented the staff’s recommendation for emission inputs from natural gas and coal production, which will be used in developing the Council’s 2021 Power Plan.
At the June power committee meeting, Senior Policy Analyst Gillian Charles reviewed the primary generating resource reference plants developed for inclusion in the draft 2021 Power Plan and presented the proposed emerging technology reference plant that will be included as a resource option in the plan’s scenario analysis.
At the June power committee meeting, staff presented an update on the supply curves for energy efficiency and demand response they will use to help analyze the resources available to the BPA in meeting its future obligations.
At its May meeting, power division staff presented an assessment of the region’s energy efficiency potential that will be used in the 2021 Power Plan’s resource optimization and scenario analysis.
Climate change affects many aspects of the Council’s analysis for its upcoming regional power plan. At its April meeting, staff reviewed how warming weather will be addressed in analyzing future resource development and energy efficiency.
Demand response is the voluntary and temporary reduction in consumers' electricity use when the power system is stressed, and it's one of the ways the region can meet its peak electricity loads.
Cost-effective energy efficiency is the priority resource in the Council's regional power plan, and it's now the region's second largest resource after hydropower.