Power Market Services Begin, For Beatrice Board of Public Works

BEATRICE – Seeing a daily, or one-month record of a power services company’s monitoring of the energy market, makes it easy to see why cities would contract out, such services.

The Beatrice Board of Public Works Wednesday got a view of what experts with Tenaska Power Services Company monitor daily…in the real-time and day ahead power markets.

:04                  “in the market”

The Beatrice Board of Public Works recently approved an agreement with Tenaska, to coordinate sale of the city’s share of power in the Cottonwood Wind Project, which began operating in south-central Nebraska last fall.

Market prices are set and monitored every five minutes, each day.  That includes how much in megawatts wind turbines are generating at a given time.  BPW Manager Tobias Tempelmeyer says occasional wide swings in the market price can indicate that a large generator of electricity in the Southwest Power Pool has gone off-line.

:21                  “some good money”

A statement received by the BPW shows when the city is making money on the sale of wind-generated power, and those moments when it would not.  Tempelmeyer says the city will receive a monthly statement on power purchase and sale activity.

Tempelmeyer says a lot factors into market price estimations.

:12                  “do to demand”

Operation of coal plants, wind farms, natural gas and solar energy generators all factor into the daily market price and day ahead market.  Beatrice Electric Superintendent Pat Feist says that includes thousands of generating stations, in the Southwest Power Pool.

Beatrice has been acquiring power capacity, as it moves away from contracting with Nebraska Public Power District and contracting with an Ohio-based wholesale source.

We strive for accuracy. Report a typo, inaccuracy, or mistake here.