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Report Title
Electricity in California
Report Subtitle
State profile of power sector, market trends and investment
opportunities
Report Code
Publication Date
April 2014
Report Type
Energy
Report Size
Pages
38
Tables
13
Figures
13
Contact
[email protected]
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Section
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Page Lead Graphic and Quote
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Figure 2.2
Low demand scenario (MW)
Mid demand scenario (MW)
California, non-coincident peak demand
forecasts 2012 – 2024 (MW), 2013
High demand scenario (MW)
Figure 12: California, non-coincident
peak demand forecasts 2012 – 2024
(MW), 2013
80,000
70,000
Table 12 Shows forecasts for the noncoincident peak demand in California between
2012 and 2024 based on CEC analysis. From
a peak demand in 2012 of 59,811MW, the noncoincident peak is expected to rise to
63,413MW in 2015, 67,550MW in 2024 and
70,475MW in 2024. The high demand
scenario would see peak demand reach
74,278MW by 2024, while under the low
demand scenario it would rise to 66,445MW.
60,000
50,000
40,000
30,000
20,000
10,000
0
2012
2015
2020
2024
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Section
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Introduction,
market background and USPs
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California is the third largest state in the USA, and the state with the largest population, while the state GDP is equivalent to
that of the Russian Federation or Italy. The state has significant oil reserves and small quantities of natural gas, but is a net
importer of both. It also has extensive renewable resources including hydropower, solar power, geothermal reservoirs, wind
and biomass. At the forefront of the drive to reduce greenhouse gas emissions, the state government has established a
renewable portfolio target of 33% renewable generation by 2020, and the three biggest utilities have already reached 20%.
However, achieving the 2020 target will mean both building more renewable capacity within the state, and importing from
outside. California is already the largest importer of power from other states, and imports could potentially rise. At the same
time, the transmission system needs reinforcing and reconfiguring - to manage flows of renewable power from regions that
did not support large generating capacity in the past, such as the southern desert regions. Current in-state generation is
dominated by natural gas fired plants, but there is massive solar potential and solar capacity, based on both solar
photovoltaic and solar thermal, is growing rapidly. Deregulation of the electricity sector in 1996 led to major instability within
this system in 2000 and 2001, but new measures introduced soon afterwards appear to have stabilized market operations
now.
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Key
features of this report
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• An overview of the electricity market in California.
• Power supply data covering production, imports and exports and the main production sources.
• Power demand data by market sector and tariff data.
• An overview of the structure of the electricity sector with government and private sector companies
as well as the regulatory status.
• Power demand forecasts and the development of the power sector to meet expected growth.
• Transmission system expansion plans.
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Key
benefits from reading this report
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• What are the key energy resources in California for power production.
• How is the country overcoming the effects of power shortage?
• What are the key developments in electricity infrastructure?
• Who are the key players in market?
• What are the investment opportunities in the country?
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Key
Market Issues
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This report is a State Profile, covering:•
•
•
•
•
•
Power generation capacity by fuel input
Electricity networks
Current power market trends
Generation growth
Investment opportunities
Future project plans
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Key
findings of this report
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1.
California is an energy rich state with significant oil reserves, limited natural gas reserves,
but no coal.
2.
Oil reserves were recently put at 3,005m barrels (bbls), around 11% of the US total.
3.
Reserves of natural gas in California were recently estimated to be 83bn m 3, less than one
percent of the US total.
4.
The installed capacity in California is generated from plants exploiting a range of different
technologies. This includes a small coal-fired capacity, 426MW, which is provided by a
number of plants, the largest of which is just over 100MW in capacity.
5.
The California transmission and distribution system is owned and maintained by the 75
load serving entities that deliver power to consumers. The transmission system itself is
managed by the California ISO.
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Key
questions answered by this report
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1.
How does California generate its electricity?
2.
What is the status of the national electricity market?
3.
What are the key developments in electricity infrastructure?
4.
Who are the key players in market?
5.
What are the future prospects for investment in California?
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Key
areas covered by the report
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Key products/categories profiled:
Energy
Electricity in California – State profile of power sector, market trends and investment
opportunities
Key regions/countries covered:
USA - California
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Research
methodology
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Methodology:
Secondary research
This has been conducted by Paul Breeze – an energy specialist for 30 years. He has gathered
together an unique set of studies and research papers. In all, the report cites up to 10 separate
sources.
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Section
10: Author biography and contact details
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Name: Dr Paul Breeze
Biography:
Dr Paul Breeze has specialized in the electricity sector for the past 30 years. He is
contributing editor for the monthly international magazine for the power industry,
Modern Power Systems, and as freelance writer he has contributed to The Financial
Times, The Guardian, The Daily Telegraph, The Observer and The Economist. In
addition to the power sector, Paul Breeze’s interests include science and the computer
industry.