Oil & Energy - Austin, Texas, United States
At DCA Electrical, we look to provide our customers with an on-site solution for the growing volatility in wholesale electricity prices caused by the influx in renewable energy generation. Under set conditions, DCA guarantees power producers a minimum price-point for their electricity when it's a buyer's market, in addition to a premium to the set market price when it's a seller's market. In all, we minimize pricing volatility and down-turn risk for power producers, consequently guaranteeing them excess return above traditional power consumers.In states where a high proportion of the power grid's electricity is coming from renewable resources, specifically solar energy, intraday power prices are seeing unprecedented volatility amid increasing demand. This volatility is severely impacting the bottom line of power generation facilities that must operate 24/7 to maintain efficient production. Considering that these power producers are price takers, they are forced to accept market prices even while the pricing does not yield a positive return. CA solution to this growing issue has been made a top priority for power producers — a solution that DCA Electrical has been created to solve.