Depending on the timing of generation and prevailing system demand, the wind capture price – the average electricity price a wind project receives for its power – can fluctuate above or below the average daily power price. Technology capture prices are crucial in power purchase agreement (PPA) price negotiations and significantly impact the project’s economics, especially after PPAs expire and the project is exposed to market pricing. Figure 1 shows how wind capture prices have compared to average prices in different regions over the last 12 months.
Price spreads can vary significantly, especially in ISOs like CAISO, WECC, SPP and ERCOT. Despite the variance, wind premiums are low on average across all markets, given the minimal difference between the average power price and the average wind-weighted price.
Research Highlights:
- Onshore Wind Screening – Benchmarking Prime Development Regions – This report builds on the Enverus Intelligence Research solar and battery storage market screening analyses to identify top locations for onshore wind projects in the U.S. This market screening considers factors like economic viability, power prices, demand growth, interconnection queues, planned transmission expansion and relative cost of entry via acquisition.
- ERCOT Fundamentals – Lighting the Lone Star – Gain valuable insights into the future of the ERCOT power market with Enverus Intelligence Research’s comprehensive report, covering generation mix projections, load forecasts, power price impacts, market restructuring, interconnection queues, asset benchmarking and project siting analysis.
- Data Center Alley – Capacity Running Out – This Fusion Insights analyzes load interconnect opportunities remaining in PJM and identifies prime locations to locate new data centers. Subscribers can download the nodal withdrawal capacity data file attachment and use Fusion to join it with our ATC or substation tables in Enverus PRISM® to recreate this dashboard.
About Enverus Intelligence®| Research
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