Arizona Power Outage Risk, Costs Could Rise With California’s Electricity Export Policy | Economic news
On August 18 and 19, TEP spent a total of about $ 5.7 million on wholesale electricity which cost about $ 1,500 to $ 1,700 per MWh, according to the documents.
Today, futures market prices are up about 300% from last year, Barrios said.
TEP has forecast warmer than normal conditions this summer, setting up an energy reserve margin of over 15% and limiting its risk by seeking market power from production that does not go through CAISO .
TEP continues to require customers to conserve their electricity consumption between 3 p.m. and 7 p.m. during the summer, in order to maintain reliable power and reduce costs.
TEP has filed objections to CAISO’s export limits with FERC as part of an Arizona utility group that also includes TEP’s sister rural utility, UNS Electric; APS; the Salt River project; and Arizona Electric Power Cooperative, which serves the state’s electricity cooperatives.
People flock to the beach in Huntington Beach, California on September 5, 2020. California was suffocating in a dangerous heat wave on Labor Day weekend that spread triple-digit temperatures across much of the country. State, raising concerns over power outages and the spread of the coronavirus as crowds of people filled beaches and mountains for relief.
Jae C. Hong, Associated Press
State regulators
to weigh
All five members of the Arizona Corporation Commission voted unanimously in May to protest CAISO’s proposed export limits, citing concerns about Arizona’s summer power supply.
Lea Marquez Peterson, chairman of the Arizona Corporation Commission, said in a statement last week that she was “alarmed” by the FERC move, which she said allows CAISO “to unfairly block flowing energy. in the state “and to prioritize electric utilities in California over those in other states.