Original analysis of the Clean Power Plan (CPP) a little over a year ago suggested it could result in fairly high compliance costs in the eastern US relative to a “No Carbon” (No CPP) case. In our latest forecast, a downward revision to our long-term natural gas prices and load growth translates into lower carbon prices. These effects also help keep power as well as renewable energy credit prices relatively contained. Despite these trends, renewables growth remains largely unchanged as lower market prices are mitigated by higher state mandates and falling cost of renewables.
As markets move towards a new energy paradigm with renewables both on and off grid, battery storage, demand response, electric vehicles -- the challenge of integrating diverse sources and maintaining system reliability are taking centerstage. Market mechanisms and compensation schemes are also evolving rapidly in concert.
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The Clean Power Plan made "easy": WECC Power & Renewables long-term outlook H2 2016 highlights and data PDF - 314.77 KB 11 Pages, 0 Tables, 0 Figures
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The power sector is rapidly transitioning to a cleaner generation mix supported by technological and regulatory changes. Regional markets and structures are adjusting to these new realities with implications on fuel demand, commodity pricing and asset values.
This Power Markets Long Term Outlook report provides a detailed analysis of supply, demand and price fundamentals, as well as the regulatory and market issues affecting regional power markets.
Use this report to examine key issues driving regulatory and economic trends and identify future growth opportunities in regional power markets.
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Commodity market report | Feb 2017
The Clean Power Plan made "easy": WECC Power & Renewables long-term outlook H2 2016 highlights and data
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