In 2019, on behalf of SVCE and MBCP, Ascend conducted a joint resource solicitation and evaluation process for carbon free power supplies ("Joint RFP") in order to meet each entity's RPS requirements. Ascend developed a scoring rubric evaluating cost, location, risk, developer experience, impact on resource adequacy, on-peak delivery, and commercial operation date.
Ascend modeled individual bids for overall resource value (i.e., value of net energy plus ancillary services plus resource adequacy). Energy values were calculated mark-to-market against simulated values of the LMP price. Ascend then tested combinations of resources that met a minimum REC constraint through a process to calculate overall CAA portfolio Return | Risk combinations. The Return | Risk analysis incorporated an array of factors including: resource performance vs hourly load obligation, basis (locational price difference) between resources and DLAP, variability in production from resources, and forward and spot price uncertainty.
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 electric power supply industry.