Changes in the wholesale energy markets are bringing the need to update Chelan County PUD’s approach to selling its carbon-free surplus power, commissioners heard Monday.
Proposed updates to the resolution that guides surplus energy sales are designed to bring more value for PUD customer-owners, said Mike Bradshaw, PUD power trader.
The changes would help reduce price risks during increasing market swings and return more revenue for the environmental value of the District’s carbon-free hydropower, Bradshaw said. At 00:07 on the board meeting audio recording.)
Wholesale power markets have evolved since the resolution was last updated in 2011, and the proposed changes reflect that, added Jayme Mitchell, senior risk analyst.
Gregg Carrington, Energy Resources managing director, also reported that Chelan County PUD is one of 18 Northwest utilities banding together to design a program for member utilities to coordinate power resources to make sure the region is planning to meet future demand. (00:40)
A recent report by the Northwest Power Pool concluded the region may see shortages as soon as this year. By the mid-2020s the Northwest may see shortages big enough to cause power market price swings and load shutdowns.
Chelan County has more than enough power to meet its local load. The proposed changes in the power sales resolution add tools to respond to possible market impacts due to regional supply issues.
Commissioners will be asked to approve the updated power sales resolution at the March 16 board meeting.
Carrington will report back to the board later this year on the program to coordinate on planning to meet regional power demand.
In other business, commissioners:
- Approved calling for bids to repair a concrete pier at Rock Island Dam affected by a common chemical reaction that causes very slow growth in concrete. The work will restore the function of an expansion joint and strengthen the pier. Plans also call for using the specialized repair equipment to inspect other difficult-to-reach areas of the spillway, said Brett Bickford, Engineering and Project Management director. (01:45)
- Set a special meeting with Douglas and Grant PUD commissioners and general managers for 5:30 p.m. on March 9 at Wild Rivers Sports Bar and Grill, 560 Valley Mall Parkway, East Wenatchee. (01:31)
- March 9 – Mid-C general manager and commissioner meeting, 5:30 p.m., Wild Rivers Sports Bar, East Wenatchee
- March 16 – Commission meeting, 10 a.m., boardroom
- March 27 – Northwest Mariachi Festival, 7 p.m., Town Toyota Center
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The next regular PUD commission meeting is at 10 a.m. on Monday, March 16, in the boardroom at 327 N. Wenatchee Ave.
Chelan PUD records most commission meetings, and a link to the audio is available on the PUD’s home page at www.chelanpud.org. Find us at Facebook.com/ChelanPUD and follow us on Twitter @ChelanPUD.
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