Innovation
Our nation’s energy landscape is changing rapidly with exciting new potential for cleaner, more reliable and affordable power. Competitive power suppliers are uniquely positioned to lead investment in new technology and innovative approaches to electricity generation.
Competitive wholesale electricity markets improve access for new entrants and technologies—while lowering prices and keeping pressure on power generators to improve efficiency. That’s because markets allow grid operators and investors to respond nimbly to changes like declining natural gas and renewable prices or shifts in demand.
EPSA member companies have followed market signals to improve operations and efficiency, as well as to retire older power generation technology and invest in newer, more cost-effective and cleaner approaches. Today, competitive power suppliers own more than 6,000 MW of renewable electricity capacity, along with state-of-the-art efficient and flexible natural gas generation technology that has slashed emissions and delivered significant cost savings.
By the Numbers
- 80%: The share of utility-scale renewable generation capacity deployed in ISO regions, despite only accounting for about 67% of all existing power plant capacity, of all types.
- 214%: The growth in distributed solar PV in ISO regions versus non-ISO regions at 199%, since the U.S. Energy Information Administration began keeping track in 2014.
