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California oversupply volumes grow, ISO curtails more renewables

Platts

The California Independent System Operator is curtailing growing amounts of renewable generation, Mark Rothleder, the grid operator’s vice president for market quality and integrating renewables, said.
Speaking Wednesday during a meeting of the Western energy imbalance market board, Rothleder said the ISO curtailed about 60,000 MWh in February and about 80,000 MWh in March, up from about 21,000 MWh and …

ERCOT sets record wind output Friday

Platts

The Electric Reliability Council of Texas set a wind-output record of 16,141 MW Friday night, it reported on Saturday in its daily wind integration report.
ERCOT said the record was set at 8:56 pm CDT Friday and wind accounted for about 39.5% of the total power demand at that time.
In the real-time market, for the 15 minutes interval ended 9 pm Friday, the price for ERCOT West Hub was about $5.50/MWh, while prices for all other hubs averaged near $13.50/MWh. …

Supply Side Health Care Reform

MarginalRevolution

by Alex Tabarrok
We fight over health care policy because we focus on demand and redistribution. We could reach greater agreement if we focused on supply and innovation. What are the key areas where agreement is likely?
1) Cancer kills both Republicans and Democrats so more spending on medical research is likely to reach broad agreement. As I said in Launching:
Looking at the future, if medical research could reduce cancer mortality by just 10 percent, that would be worth $5 trillion to U.S. citizens (and even more taking into account the rest of the world). The net gain would be especially large if we could reduce cancer mortality with new drugs, which are typically cheap to make once discovered. A reduction in cancer mortality of this size does not seem beyond reach, and the value of such a reduction in mortality far exceeds that of spending more on medical care today. Yet because the innovation vision is not central to our thinking, we overlook potentially huge improvements in human welfare.
By greater spending on medical research, I mean not only greater spending through the NIH but also a commitment to innovation policy more …

The new Oncor is going after a new target: Texas homeowners with solar panels

Dallas Morning News

by Mitchell Schnurman
If this is how the new Oncor Electric Delivery Co. plans to do business, look out, greenies.
The state’s largest regulated utility wants to add a monthly minimum charge for homeowners who have solar panels, wind turbines and storage batteries. That covers about 10,000 customers in the Oncor service area, which includes North Texas.
Oncor did not propose a separate fee for big companies with rooftop solar systems, such as Wal-Mart, Ikea and Costco. They’re already paying their …

ICE to launch first ever US LNG futures contract

Platts

The Intercontinental Exchange is to launch the first ever US LNG futures contract in May this year, it said Wednesday.
In an exchange note to customers, ICE said it planned to list the new contract on May 4, subject to completion of necessary regulatory processes.
US LNG supplies are set to grow quickly in the coming years, turning the country into a leading global supplier of destination-free, flexible LNG. …

Wind penetration on central US grid hits 52% Sunday night, breaking record

Ars Technica

by Megan Geuss
Southwest Power Pool operates transmission lines from Montana to Louisiana.

An organization that manages transmission systems across the central US announced on Tuesday that it broke a record for wind penetration in North America. On Sunday at 4:30am, Southwest Power Pool (SPP) became the first regional transmission organization (RTO) to serve 52.1 percent of its load using wind energy.
SPP also set the previous record in April 2016 with 49.2 percent wind generation. A record previous to that …