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Xcel's record-low-price procurement highlights benefits of all-source competitive solicitations


John Moore via Getty Images
New data shows Xcel Energy Colorado’s 2016-2017 all-source competitive solicitation (ASCS) secured even lower costs than power sector leaders previously thought, adding momentum to interest in this emerging approach to procurement.
Xcel’s ASCS returned a $0.017/kWh bid for wind, a $0.023/kWh bid for solar, and a $0.03/kWh bid for solar-plus-storage, according to a February 2021 Xcel presentation to Michigan regulators. These prices, compared to Colorado’s average January 2021 residential electricity price of $0.126/kWh, have other utilities asking how they can use this procurement approach.
ASCSs identify market-based portfolios that meet utility needs on both cost and risk from the full range of options, said 3rdRail Managing Partner Fredrich Kahrl, lead author of a March 2021 Lawrence Berkeley National Laboratory (LBNL) ASCS study. The study outlines 11 ASCS proceedings from inves ....

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OPSS announces the Regulatory Excellence Awards 2021 finalists


OPSS announces the Regulatory Excellence Awards 2021 finalists
Thirty-five finalists have been chosen from a record number of entries in five categories, including a special one for coronavirus work.
From:
25 May 2021
The Awards team received entries from around the country, from a wide variety of organisations striving to make regulation work to protect people and to support business.
As ever, the standard is very high, and on 10 June OPSS will hold an online event to announce the winners to an audience of regulatory professionals from business organisations and the public sector.
The event will celebrate outstanding achievements in supporting businesses and protected consumers, contributing towards fighting coronavirus, rebuilding the economy, and unleashing innovation. ....

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