Combined heat and power (CHP) is a system that not only generates electricity, but also harnesses the thermal energy from power generation for heating and cooling applications (typically burning natural gas for electricity and capturing the exhaust for steam heat). By combining these two processes, some CHP systems can achieve thermal efficiencies of 60-80 percent, which is up to twice the efficiency of traditional power generation. Continue reading »
A recently published working paper by the Great Plains Institute (GPI), titled “Consumer Savings, Price, and Emissions Impacts of Increasing Demand Response in the Midcontinent Electricity Market,” explores the effects of increasing the use of demand response (DR) assets in the Midcontinent Independent System Operator’s (MISO) wholesale energy market. Continue reading »
The U.S. Energy Information Administration’s (EIA) recent article titled, “Today in energy: batteries perform many different functions on the power grid,” features new data on the progress of utility-scale batteries and a helpful breakdown of the roles such batteries can play on the power grid. Continue reading »
Important issues in the Southwest Power Pool (SPP) were the focus of “Powering the Plains and Beyond: Energy Policy in America’s Heartland,” a workshop held in Austin, TX on December 11, 2017. Organized by the Great Plains Institute, this workshop gathered panels of experts to examine energy development and trends within the fourteen states in the SPP footprint and the potential expansion of SPP in the future. Continue reading »
In late October, 2017, the Midcontinent Independent System Operator (MISO) released its third triennial review of the Multi-Value Project (MVP) electric transmission portfolio, which is an update of previous analyses performed to understand the how these 17 transmission lines, approved in 2011, continue to show benefits to the MISO region. The report describes how these projects, which cross multiple states in the Midwest, continue to deliver benefits above and beyond what was initially expected. Continue reading »
As states have increasingly moved to implement state-specific energy policies, tensions have grown between these states and the regional wholesale electricity markets that serve them. Although regional transmission organizations (RTOs) oversee the markets and manage the electricity grid, states’ right to pursue certain energy policies—such as renewable portfolio standards and tax incentives for preferred generation resources—is raising fundamental questions. Continue reading »
As states have increasingly moved to implement state-specific energy policies, tensions have grown between these states and the regional wholesale electricity markets that serve them. Continue reading »
The Great Plains Institute is excited to announce a one-day workshop to be held in Austin, Texas on December 11, 2017. “Powering the Plains and Beyond: Energy Policy in America’s Heartland” will bring together experts, state officials, and stakeholders from across the Plains and beyond to explore energy developments and trends in the Southwest Power Pool (SPP) region. Continue reading »
A recently released GPI report looks at the extent to which growth in wind energy has reduced electricity prices in the Midwestern market. In conjunction with the Colorado School of Mines, GPI undertook a comprehensive empirical investigation and found a significant decrease in electricity prices attributed to wind energy in the Midcontinent ISO (MISO) market. Continue reading »
You might think this is about food, love, or coffee. Nope, this is about electricity. It’s hard to name something you’ll do today that doesn’t require it, and yet we mostly take it for granted, unless you lose power or your cell phone dies. Pause for a minute to consider that without electricity we would not have computers, TVs, microwaves, refrigeration, skyscrapers (no elevators), medicines that require refrigeration, and a very long list of other features of modern life. In short, electricity just might be the most important product you never think of. Continue reading »
