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John Moore via Getty Images New data shows Xcel Energy Colorado’s 2016-2017 all-source competitive solicitation (ASCS) secured even lower costs than power sector leaders previously thought, adding momentum to interest in this emerging approach to procurement. Xcel’s ASCS returned a $0.017/kWh bid for wind, a $0.023/kWh bid for solar, and a $0.03/kWh bid for solar-plus-storage, according to a February 2021 Xcel presentation to Michigan regulators. These prices, compared to Colorado’s average January 2021 residential electricity price of $0.126/kWh, have other utilities asking how they can use this procurement approach. ASCSs identify market-based portfolios that meet utility needs on both cost and risk from the full range of options, said 3rdRail Managing Partner Fredrich Kahrl, lead author of a March 2021 Lawrence Berkeley National Laboratory (LBNL) ASCS study. The study outlines 11 ASCS proceedings from inves ....
Photo Credit: IANS IANSLive Washington, June 1 (IANS) Scientists created safe and effective vaccines against Covid-19 at an unprecedented speed. But, according to industry leaders, the next generation of Covid shots will be low in cost, easier to deliver and preserve and effective against more viruses, media reports said on Tuesday.