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Experts debate US capacity market reform, need for new ancillary service product

Experts debate US capacity market reform, need for new ancillary service product As US wholesale power markets absorb more renewable energy resources, market design experts expect capacity prices to decline and there is debate within the industry about whether there should be an ancillary service product to incent flexibility. The minimum offer price rule, or … Continue reading Experts debate US capacity market reform, need for new ancillary service product

FERC orders ISO-NE to nix new power suppliers’ ability to ‘lock in’ capacity prices

FERC orders ISO-NE to nix new power suppliers’ ability to ‘lock in’ capacity prices Washington — The Federal Energy Regulatory Commission has found that ISO New England’s capacity market rules allowing new entrants to “lock in” their initial clearing price for seven years are no longer just and reasonable, and directed the grid operator to … Continue reading FERC orders ISO-NE to nix new power suppliers’ ability to ‘lock in’ capacity prices

NYISO, others blast gas generators’ proposed fix to alleged price distortions in capacity market

NYISO, others blast gas generators’ proposed fix to alleged price distortions in capacity market While Cricket Valley and Empire argue the same issue exists in NYISO as in PJM, and therefore FERC should approach the two filings exactly the same, NYISO and other stakeholders in the region disagree. Cricket Valley complains that zero emissions credits, … Continue reading NYISO, others blast gas generators’ proposed fix to alleged price distortions in capacity market

FERC Order May Undermine Renewables, Energy Storage in New York’s Capacity Markets

FERC Order May Undermine Renewables, Energy Storage in New York’s Capacity Markets The Federal Energy Regulatory Commission has rejected the latest proposal from New York’s grid operator to allow renewable energy and batteries to compete against fossil fuels in its wholesale capacity market. That may give the state’s regulators and policymakers more reason to consider … Continue reading FERC Order May Undermine Renewables, Energy Storage in New York’s Capacity Markets

FERC greenlights PJM #reserve market overhaul, eyes synergy with capacity reforms

FERC greenlights PJM reserve market overhaul, eyes synergy with capacity reforms The Federal Energy Regulatory Commission May 21 voted 3-1 in favor of a PJM Interconnection proposal designed to more accurately value reserves but criticized by some as yet another measure to boost the revenues of struggling fossil fuel-fired generators. Commissioner Richard Glick, the sole … Continue reading FERC greenlights PJM #reserve market overhaul, eyes synergy with capacity reforms

FERC deals blow to #New_York renewable, storage projects, adding hurdles to NYISO capacity market

FERC deals blow to New York renewable, storage projects, adding hurdles to NYISO capacity market FERC Chairman Neil Chatterjee insisted that the orders are distinct from other FERC decisions regarding the impact of state subsidies in regional transmission operator markets. “Today’s orders protect the competitiveness of New York ISO’s capacity market by addressing the price-distorting … Continue reading FERC deals blow to #New_York renewable, storage projects, adding hurdles to NYISO capacity market

FERC ‘s Glick urges broader commission look at capacity markets, states’ rights

FERC’s Glick urges broader commission look at capacity markets, states’ rights The Federal Energy Regulatory Commission must revisit mandatory capacity markets and how regions ensure resource adequacy or risk putting in peril the future of regional transmission organizations, FERC Commissioner Richard Glick told state officials in an address that was highly critical of recent agency … Continue reading FERC ‘s Glick urges broader commission look at capacity markets, states’ rights

PJM won’t delay capacity market order despite FERC impasse over rule changes

PJM won’t delay capacity market order despite FERC impasse over rule changes PJM’s decision to move forward with its capacity market auction this August reflects an extended impasse at FERC over how to handle renewable energy and nuclear subsidies put in place by states. Last June, FERC threw out PJM’s current rules because they allow … Continue reading PJM won’t delay capacity market order despite FERC impasse over rule changes

#Texas regulators direct higher plant payments amid capacity crunch concerns

Texas regulators direct higher plant payments amid capacity crunch concerns The PUCT’s decision to alter its pricing mechanisms is the latest in a series of regulatory responses to the retirement of large, aging coal and nuclear generators due to low natural gas and renewable energy prices. Last week, ERCOT announced it had approved the indefinite … Continue reading #Texas regulators direct higher plant payments amid capacity crunch concerns