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s Winter Storm Bears Down, Power Prices Surge to Highest in Nearly 4 Years

s Winter Storm Bears Down, Power Prices Surge to Highest in Nearly 4 Years With the winter storm barreling up the Atlantic coast, power demand is rising throughout the morning — a rare occurrence that’s causing some of the highest prices in almost four years. Spot power on PJM Interconnection LLC’s benchmark western hub surged … Continue reading s Winter Storm Bears Down, Power Prices Surge to Highest in Nearly 4 Years

PJM price formation proposal would dramatically change how prices are set in the RTO

PJM price formation proposal would dramatically change how prices are set in the RTO PJM has engaged in market reforms before. Most recently with the establishment of a capacity performance (CP) product in the wake of the 2014 polar vortex. But PJM’s new price formation proposal goes beyond anything the RTO has attempted in the … Continue reading PJM price formation proposal would dramatically change how prices are set in the RTO

Electricity Prices Reflect Rising Delivery Costs, Declining Power Production Costs

Electricity Prices Reflect Rising Delivery Costs, Declining Power Production Costs Over the past decade, retail electricity prices have not closely followed the costs of fuels used to generate electricity, such as coal or natural gas, mainly because of changes in the other costs involved with producing and delivering electricity in the United States. The average … Continue reading Electricity Prices Reflect Rising Delivery Costs, Declining Power Production Costs

The future of rate design: Why the utility industry may shift away from fixed charges

The future of rate design: Why the utility industry may shift away from fixed charges Less than three years after the utility industry first introduced fixed charges into its playbook, state regulators and utilities across the country appear to be looking for a new approach to growing concerns over load defection. In January 2013, the … Continue reading The future of rate design: Why the utility industry may shift away from fixed charges

As Conservation Cuts Electricity Use, Utilities Turn to Fees

As Conservation Cuts Electricity Use, Utilities Turn to Fees Double-digit percentage increases for distribution, maintenance anger power consumers Electric utilities across the country are trying to change the way they charge customers, shifting more of their fixed costs to monthly fees, raising the hackles of consumer watchdogs and conservation advocates. Traditionally, charges for generating, transporting … Continue reading As Conservation Cuts Electricity Use, Utilities Turn to Fees

US EIA: short-term US electricity generation, consumption and prices

According to forecasts from the US Energy Information Agency (EIA), electricity generated from coal in 2015 will see a decline of 8.2% compared to 2014, yet natural gas generation is set to rise by 14.5%. For 2016 however, the EIA projects coal generation will see a small increase of 1.4% and natural gas generation will … Continue reading US EIA: short-term US electricity generation, consumption and prices

PJM Stakeholders Weigh 4 Options on Offer Cap; No Agreement in Sight

September 14, 2015 By Suzanne Herel VALLEY FORGE, Pa. — Members debated four potential changes to the $1,000/MWh energy offer cap last week at a specially called meeting of the Markets and Reliability Committee, failing to agree on any one — or even which should be the main and alternate proposals. Read the full article … Continue reading PJM Stakeholders Weigh 4 Options on Offer Cap; No Agreement in Sight