Inform - Ultra-Competitive Renewables Paired Storage Bids Dominate Xcel CO’s All-Source Solicitation
Public Service Company of Colorado (Xcel Energy subsidiary) released bid details for its 2017 all-source solicitation, which includes over 350 bids from renewables or renewables paired with storage. While the solicitation does not require the assets to come online before 2023, the median bid prices for stand-alone as well as storage-paired solar and wind are amongst the lowest reported till date.
This short report analyzes the bids and describes how they could be a harbinger of a more decentralized world.
This report is only available to subscribers of GTM Research's Energy Storage Service.