Search Results for: tres amigas

Market Designs for Tres Amigas: How About Trilateral Market Coupling?

Economics, Electricity / By

Michael Giberson More thoughts on economic issues related to the Tres Amigas project, an ambitious proposal to connect the Western, Eastern, and Texas electric grids via a three-way high tech transmission link located in eastern New Mexico. (Earlier: Tres Amigas intro and Economics for …). Europeans have had several years of experience connecting separate national …

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Economics for Tres Amigas

6 Comments / Economics, Electricity, Energy markets / By

Michael Giberson Tres Amigas is a proposed project to link the Eastern Interconnection, Western Interconnection, and the Texas Interconnection (ERCOT) by means of a high-tech three-way superconducting AC-DC-AC connection. You might wonder what economics has to say about such an unprecedented and innovative proposal. Consider this summary from Ralph Turvey, “Interconnector Economics,” Energy Policy, 34 …

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Tres Amigas Project Proposes to Connect Eastern, Western, and Texas Power Grids

3 Comments / Electricity, Energy markets, Regulation / By

Michael Giberson A high-profile, high-technology power project is making waves well beyond the small town of Clovis, New Mexico, where it has secured land for development. I’ve been telling my students and anyone else I can induce to listen to me for a few minutes (i.e., mostly just my students) that my new hometown of …

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Commercial, Merchant Compressed-air Energy Storage Plant Under Development?

7 Comments / Electricity, Technology / By

Michael Giberson Wind power RFP processes* are common enough these days, typically driven by renewable energy mandates placed on utilities. A recent wind power RFP announcement out of Santa Fe, New Mexico, is different. A new company, Chamisa Energy, has initiated an RFP seeking wind power to pair up with a planned compressed-air energy storage …

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Cold Snap Brings Rolling Power Outages to Texas; is Ercot Policy of Isolation at Fault?

7 Comments / Electricity, Energy markets / By

Michael Giberson [Note: This item was originally posted at MasterResource as: “Texas Power Outages: A Preliminary Analysis (Cold snap brings failure–isolated ERCOT an issue)“] Wednesday morning, ERCOT, the power grid operator for much of Texas, called upon local distribution companies to cut power to blocks of consumers on a rotating basis. The rolling outages were a …

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The Right Market Design for Trade Between Power Markets

1 Comment / Economics, Electricity, Energy markets / By

Michael Giberson Windpower Monthly has a great article describing changes in the market for transmission capacity between power systems in Europe and the benefits of the changes.  Here is a summary by way of selected quotes, but the full story is worth reading: Most of the electricity cables connecting Europe were built when electricity systems …

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Incentives for Efficient Use of Storage in Electric Power Systems

2 Comments / Electricity, Energy markets / By

Michael Giberson In the most recent Energy Journal, Ramteem Sioshonsi has an article examining the welfare effects of the incentives to use energy storage in electric power systems. (“Welfare Impacts of Electricity Storage and the Implications of Ownership Structure,” See volume 31:2 here.) He considers the incentives faced by consumers, generators, and merchant energy storage …

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Energy Storage on the Grid: Transmission Equipment or Market Participant? (Again)

1 Comment / Electricity, Energy markets, Regulation / By

Michael Giberson In the wholesale power markets world, commercial energy storage concepts are commonly somewhat of an afterthought. None of the large regional wholesale power markets integrated into transmission operations put too much effort into thinking about energy storage as they developed their market rules. A part of the problem is that the transmission system …

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External Costs of Energy Production, Auditing the Energy Star Program, and More

1 Comment / Electricity, Energy markets / By

Michael Giberson NewsWatch:Energy puts together a pretty good list of energy links, today noting the National Research Council’s new “Hidden costs of energy: Unpriced consequences of energy production and use.” (Surprise: coal looks bad. But note that much of the harm arises from a small number of coal-fueled generators.  The rest of the coal-burners are …

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