Ascend Analytics

Registration is now OPEN for the Ascend Summit 2024: Powering the Energy Transition!    Sept 30 – Oct 2 in Boulder, Colorado; Register today 👉 https://bit.ly/3ytCGVs    The Ascend Summit brings together prominent electric power experts to offer insights on wholesale electricity markets, clean energy procurement, power project finance, resource planning, renewables and storage valuation, and merchant portfolio management.    #energytransition #energyanalytics #AscendSummit #energystorage 

Ascend’s ERCOT Market Forecast 5.1 Webinar: I Can't Believe it's not a Capacity Market    👉 Join us online for the latest forecast on ERCOT July 18th https://bit.ly/4b8WvyV ERCOT is experiencing quickly rising demand, but ERCOT’s electrical isolation from the rest of the country makes it more susceptible to volatility and scarcity conditions that result from a delicate supply and demand balance. While identifying as an energy-only market, ERCOT has implemented a variety of capacity revenue mechanisms to incentivize new generators, with critical conditions and revenues shifting toward longer duration resources.     This webinar will discuss Ascend's view of ERCOT's evolving market fundamentals and the implications on prices for energy, ancillaries, and the 'not a capacity market.'

Did you know CAISO experienced its largest volatility year-to-date last week on the 10th and 11th? Heat induced day-ahead prices spiked to $400/MWh and $500/MWh during the 7:00 to 8:00 pm period.   Notably, the fifteen-minute price spiked above the day-ahead price on the 10th while the day-ahead price remained higher on the 11th. Operators were still better off discharging in the day-ahead market because the day-ahead price peaks were more sustained compared to the real-time price spikes.   The upward ancillary services prices all mirrored the price of day-ahead energy the 10th-12th. This meant reg-up was an excellent choice for peak pricing product participation because operators were essentially paid the day-ahead electricity price for reserving reg-up capacity while retaining exposure to real-time prices and spikes via throughput calls.     Interested in learning more about how Ascend can help you with your Bid Optimization, go to Ascend’s website at https://bit.ly/4aKfRu0 and click “Talk to an Expert” to book a meeting.

Register today for the Ascend Summit 2024: Powering the Energy Transition! Join Ascend Sept. 30th to Oct. 2nd, 2024, in Boulder, Colorado. Register today 👉 https://bit.ly/4djV8Px Summit Session Highlights: - Powering the Energy Transition Toward Carbon Goals with Allison Clements (FERC), Brent Morgan (Meta), Michael Enger (Austin Energy), and Robert Shaw (Central Coast Community Energy) - Power Procurement: Conditions & Directions for Power Purchases and Clean Energy with Becca Glazer (Walmart), Kelly James (Salesforce), Jared Ellsworth (Idaho Power), and John Mertlich (Grant PUD)

Last week in CAISO, higher than actual day-ahead net load pushed day-ahead prices higher than real-time prices, with spreads up to $100/MWh, on every day except the 7th.     Virtual trading (also called DART trading or convergence bidding), which involves selling energy at the day-ahead price and buying it back at the real-time price, was a great way to capitalize on this dynamic without depleting SOC, although it does expose operators to downside risk in the form of a real-time price spike.   What can operators learn from CAISO’s events last week?   - Be wary of real-time price spikes when the net load forecast is high as this increases expected volatility in the real-time market and can spoil a short trade.   - One alternative strategy is to buy real-time energy at low midday prices and sell in the day-ahead market during evening hours. Operators can then capture the spread between low midday energy prices in the real-time market and high evening prices in the day-ahead market with their only exposure to a real-time price spike being opportunity cost.   Interested in learning more about how Ascend can help you with your Bid Optimization, go to Ascend’s website at https://bit.ly/4aKfRu0 and click “Talk to an Expert” to book a meeting.

Ascend WECC Webinar: Stuck in the Middle with You - A Tale of 2 Competing Markets    Join us online for the latest WECC forecast on August 1st 👉 https://lnkd.in/dDX3EcQE    Surplus solar in the South West has turned the WECC upside down to create a new North and South divide, where the South has become the low-cost center of power and the North has some of the most consistent high power prices in the country. Competing proposals for day-ahead market expansion create additional uncertainty.    Learn Ascend’s view on how the WECC power market will unfold and where and what resources are needed to meet new load in the wake of large thermal retirements.    #energymarkets #energyanalytics #energytransition 

Last week in ERCOT, increasing net load led to energy arbitrage opportunities in both the day-ahead and real-time markets.     DA prices generally cleared above RT prices as usual in ERCOT. This was especially pronounced on the 24th when solar and wind both generated more than expected.    ECRS continued to be the highest priced ancillary product with prices reaching $100/MW during the net load peaks on the 23rd and 24th. Strategies that balanced ECRS with energy participation in both the DA and RT market performed optimally last week.    Interested in learning more about how Ascend can help you with your Bid Optimization, go to Ascend’s website at https://bit.ly/4aKfRu0 and click “Talk to an Expert” to book a meeting. 

Register for the Ascend Summit 2024: Powering the Energy Transition! Join us Sept. 30th to Oct. 2nd, 2024, in Boulder, Colorado. Register today 👉 https://bit.ly/4buY8as   The Ascend Summit will feature a keynote discussion with Allison Clements, FERC Commissioner, and Gary Dorris, PhD and CEO of Ascend Analytics, on the topic of "Prospects and Pitfalls of the Energy Transition."   Topics Include:   - Transmission build-out and interconnection queues  - Wind monopolies  - Rational economics vs regulatory precedence  - Distributed vs utility scale resources #energytransition #energyanalytics #AscendSummit #energystorage

Ascend Analytics announces on behalf of Belltown Power that the company has initiated the sale of an 850 MW battery energy storage system project portfolio in ERCOT.     Ascend invites all qualified independent power producers, infrastructure funds, developers, and investors to learn more at the AEX Belltown Project Website: https://bit.ly/3VZSp6P    Read Ascend’s Press Release here 👉 https://lnkd.in/dZZqDTB7    #energytransition #energyanalytics #batterystorage

Meet Ascend Analytics at the American Clean Power Association (ACP) inaugural RECHARGE Energy Storage Summit June 26 –28 in Portland, OR. Stop by booth 316 to meet our team! #ACPRECHARGE24 #energytransition #energyanalytics #batterystorage