In an environment of uncertain fossil fuel and electricity prices, renewable and other advanced technologies, such as utility scale wind and solar power, are providing competitive advantages to electricity customers, power plant developers, energy marketers, and electric utilities while mitigating carbon dioxide emissions that contribute to climate change. Deregulation of a large part of the United States’ electric power industry has stimulated demand for technologically advanced, environmentally friendly energy solutions but at the same time made those solutions more difficult to implement. Approximately half of the states, including those with retail electric competition as well as those that have at least partially retained the vertically integrated utility model, have instituted renewable portfolio or clean energy standards. Many of these states, as well as other states, have also instituted competitive bidding processes for clean energy resources under long-term power purchase agreements or other types of agreements.
NEO assists purchasers, state energy offices and state regulatory commissions in the procurement of clean energy products under formal and informal competitive bidding processes.
NEO has performed the following roles:
- Advising on the design of RFPs and standard contracts
- Bid evaluation
- Contract negotiations
- Oversight as Independent Evaluator or Independent Consultant
In addition, NEO provides consulting services in the following areas:
- Transactional advice and due diligence
- Advisor in power contract negotiations and other transactions
- Due diligence and other reviews of proposed power plant projects, especially issues relating to power sales contracts and other commercial matters
- Market analysis and project feasibility analysis
- Expert testimony on power procurement matters
NEO often works as part of a consulting team, either as project lead or team member.