Xcel Solicitation Returns Record-Low Bids for Renewable Energy Plus Storage

Jan. 8, 2018

Utility Dive reports that an Xcel Energy resource solicitation received more than 400 individual proposals, including what may be record-low prices for renewable energy paired with energy storage: The median bid for a wind project was $18.10 per megawatt-hour; the median for wind and storage was $21 per megawatt-hour. Xcel Energy detailed the bid information in its 30-day status report for the solicitation; a first round of projects will be selected next month.