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A significant demonstration of Distributed Energy Resource (DER) capabilities took place in California, as over 100,000 residential batteries combined to produce 1.3 gigawatts of power on a single Tuesday in July, supporting the state's energy grid and highlighting the growing potential of virtual power plants (VPPs).

The U.S. Energy Information Administration recently revised its natural gas price forecast downward, citing increased production and inventory replenishment during the first half of the year. This adjustment also influenced the agency’s third-quarter price outlook. Despite the lowered forecast, natural gas prices are still anticipated to remain elevated compared to last summer, contributing to a projected 12% increase in U.S. wholesale electricity prices year-over-year. Wholesale power prices across 11 major pricing hubs are estimated to average just over $45 per megawatt-hour (MWh) from June through September, a jump from approximately $41/MWh during the same period last year. The PJM Interconnection, New York Independent System Operator (NYISO), and ISO-New England markets are expected to face the highest wholesale power costs this summer. PJM is specifically projected to average $57/MWh, a $10/MWh increase from last summer. NYISO and ISO-NE are expected to average $54/MWh and $49/MWh, respectively, compared to $42/MWh and $46/MWh in the prior summer. The eastern U.S. experienced a significant heat wave in late June, causing some wholesale power prices to reach triple-digit levels. While the EIA anticipates slightly cooler temperatures overall for the remainder of the summer compared to last year, subsequent heat waves could still drive prices upward. Conversely, the California Independent System Operator (CAISO) market, specifically its SP15 zone, is expected to see some of the lowest wholesale power prices, averaging around $31/MWh, down from about $38/MWh last summer. CAISO's SP15 is among only three price hubs predicted to have lower average wholesale prices this summer, alongside the Mid-Columbia index in the Northwest and the Palo Verde index in the Southwest. Looking ahead, the EIA projects a substantial increase in solar generation, reaching 147 billion kWh by summer 2026, which is expected to surpass wind power, establishing solar as the leading source of renewable electricity generation during the summer months.

Solcast forecast for today (South East 4x400w panels) - 9.61 kWhSolcast forecast for today (East 4x400w panels) - 7.25 kWhSolcast forecast for today (West North 6x400w panels) - 8.21 kWhSolcast forecasting a total of 25.0705 kWh#Solar #SolarGeneration #Solcast #SolarPV