Ascend's Western Energy Imbalance 4.2 Market Forecast Uncovers Regional Opportunities for Clean Energy

Ascend's Western Energy Imbalance 4.2 Market Forecast Uncovers Regional Opportunities for Clean Energy

Ascend releases its Western Energy Imbalance (WECC-EIM) 4.2 Forecast and Report. As clean energy goals and capacity needs continue to intensify across the western states, Ascend Market Intelligence provides an in-depth overview of sub-regional and state dynamics.  

Solar persists as the lowest cost energy source in the West, and amid stranded asset risk of new gas, flexible generation emerges as a crucial opportunity for developers to track. While WECC states previously relied on imports and hydro to meet peak demand, increasing weather risks will make meeting the expected 1.5% load growth a significant challenge. For stakeholders deploying standalone storage and solar + storage developments, Ascend Market Intelligence delivers state specific and regional overviews and an analysis of developing western markets.  

Report Topics Include:  

  • How ongoing dynamics in the WECC Region, including increasing weather, regulatory, and financial risks, along with clean energy targets, will drive price volatility.  
  • Why abundant energy communities in the Southwest and Mountain West present flexible resource development and Inflation Reduction Act opportunities.  
  • What trends in CAISO may play out throughout entire WECC region and sub-state recommendations on where standalone storage or solar + storage is best positioned to leverage capacity and energy needs.  
  • Where the WECC market expansion will impact (California Extended Day-Ahead Market and SPP Markets) and expectations of who will join which Day-Ahead Market.  

About Ascend Analytics  

Ascend Analytics, an innovative leader at the forefront of the energy transition, offers advanced software and consulting services that capture the evolving and real-time dynamics of energy markets. The company provides its customers with optimized and comprehensive decision analysis that covers everything from long-term planning to real-time operations in the power supply industry.   

 Leveraging its proprietary software and more than 20 years of expertise mapping physical conditions with financial outcomes, the company provides critical insights to steward capital investments and manage operations, making it an invaluable and key partner to utilities, developers, financiers, and corporate off-takers in managing the complexities of energy portfolios and markets. The company's unique ecosystem - which includes planning, valuation, risk management, and ISO operations – is trusted by more than 150 leading-edge businesses and is the platform-of-choice that fuels more than $6 billion in independent economic assessments. Visit www.AscendAnalytics.com for more information.  

Media Contact   

Media@ascendanalytics.com  

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Ascend's Western Energy Imbalance 4.2 Market Forecast Uncovers Regional Opportunities for Clean Energy

June 21, 2024

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Ascend releases its Western Energy Imbalance (WECC-EIM) 4.2 Forecast and Report. As clean energy goals and capacity needs continue to intensify across the western states, Ascend Market Intelligence provides an in-depth overview of sub-regional and state dynamics.  

Solar persists as the lowest cost energy source in the West, and amid stranded asset risk of new gas, flexible generation emerges as a crucial opportunity for developers to track. While WECC states previously relied on imports and hydro to meet peak demand, increasing weather risks will make meeting the expected 1.5% load growth a significant challenge. For stakeholders deploying standalone storage and solar + storage developments, Ascend Market Intelligence delivers state specific and regional overviews and an analysis of developing western markets.  

Report Topics Include:  

  • How ongoing dynamics in the WECC Region, including increasing weather, regulatory, and financial risks, along with clean energy targets, will drive price volatility.  
  • Why abundant energy communities in the Southwest and Mountain West present flexible resource development and Inflation Reduction Act opportunities.  
  • What trends in CAISO may play out throughout entire WECC region and sub-state recommendations on where standalone storage or solar + storage is best positioned to leverage capacity and energy needs.  
  • Where the WECC market expansion will impact (California Extended Day-Ahead Market and SPP Markets) and expectations of who will join which Day-Ahead Market.  

About Ascend Analytics  

Ascend Analytics, an innovative leader at the forefront of the energy transition, offers advanced software and consulting services that capture the evolving and real-time dynamics of energy markets. The company provides its customers with optimized and comprehensive decision analysis that covers everything from long-term planning to real-time operations in the power supply industry.   

 Leveraging its proprietary software and more than 20 years of expertise mapping physical conditions with financial outcomes, the company provides critical insights to steward capital investments and manage operations, making it an invaluable and key partner to utilities, developers, financiers, and corporate off-takers in managing the complexities of energy portfolios and markets. The company's unique ecosystem - which includes planning, valuation, risk management, and ISO operations – is trusted by more than 150 leading-edge businesses and is the platform-of-choice that fuels more than $6 billion in independent economic assessments. Visit www.AscendAnalytics.com for more information.  

Media Contact   

Media@ascendanalytics.com  

About Ascend Analytics

Ascend Analytics is the leading provider of market intelligence and analytics solutions for the energy transition. The company’s offerings enable decision makers in power development and supply procurement to maximize the value of planning, operating, and managing risk for renewable, storage, and other assets. From real-time to 30-year horizons, their forecasts and insights are at the foundation of over $50 billion in project financing assessments. Ascend provides energy market stakeholders with the clarity and confidence to successfully navigate the rapidly shifting energy landscape.

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