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What Upcoming PJM Capacity Auctions May Mean for #Nukes, Renewables and Demand Response

What Upcoming PJM Capacity Auctions May Mean for Nukes, Renewables and Demand Response “These rules could be early signals of a new market design paradigm.” Capacity prices in the PJM interconnection have seen a steep decline in the last two auctions. But Wood Mackenzie’s Power and Renewables team expects the upcoming 2021/2022 capacity auction will … Continue reading What Upcoming PJM Capacity Auctions May Mean for #Nukes, Renewables and Demand Response

Moody’s: Let #First_Energy nuclear plants close

Moody’s: Let First Energy nuclear plants close hree planned nuclear plant closures in Ohio and Pennsylvania are an all-around positive for other power plant operators in their energy market, credit-rating giant Moody’s said Friday. Its new analysis suggests that letting the First Energy plants close as scheduled would raise prices for other power plants looking … Continue reading Moody’s: Let #First_Energy nuclear plants close

Biggest U.S. Electric Grid Has Plan to Keep Power Plants Afloat

Biggest U.S. Electric Grid Has Plan to Keep Power Plants Afloat PJM proposes two-stage auction to keep prices competitive Asks federal regulator to make a decision by June 29 The largest U.S. electricity market is asking federal regulators for help in keeping useful power plants from an early retirement. Beset by complaints from producers that … Continue reading Biggest U.S. Electric Grid Has Plan to Keep Power Plants Afloat

PJM board sends competing capacity market reforms to FERC

PJM board sends competing capacity market reforms to FERC PJM’s decision to send two separate capacity market reforms to FERC reflects divides between the grid operator’s staff, its market participants and most states in its jurisdiction. Both policies aim to adapt the market to state energy mandates and incentives. The worry is resources covered by … Continue reading PJM board sends competing capacity market reforms to FERC

Prices fall in auction for future electricity production in New England

Prices fall in auction for future electricity production in New England Despite concerns about bottlenecks of natural gas making it hard for New England power plants to produce enough electricity in future winters, a regional power auction looking three years down the road found no evidence of rising prices. The sale, known as the forward … Continue reading Prices fall in auction for future electricity production in New England

ISO-NE players split over 2-part capacity auction proposal

ISO-NE players split over 2-part capacity auction proposal ISO-NE unveiled its two-part capacity auction in April 2017 after a series of stakeholder meetings over how to better integrate state energy policies into its wholesale market construct. The concern is that resources supported by state energy policies — like renewable energy mandates or nuclear credits — … Continue reading ISO-NE players split over 2-part capacity auction proposal

FERC needs to review capacity market performance, #GAO recommends

FERC needs to review capacity market performance, GAO recommends Capacity markets may or may not be functioning properly, but FERC can’t adequately make that determination, according to the GAO report. “Available information on the level of resource adequacy … and related costs in regions with and without capacity markets is not comprehensive or consistent,” the … Continue reading FERC needs to review capacity market performance, #GAO recommends

FERC Clarifies Impacts from Lost Capacity Market Rights in NYISO

FERC Clarifies Impacts from Lost Capacity Market Rights in NYISO On October 25, 2017, FERC issued an order explaining the market consequences when a resource loses certain participation rights in the New York Intendent System Operator, Inc. (“NYISO”) Installed Capacity (“ICAP”) market. The order on clarification, which was requested by NRG Power Marketing LLC and … Continue reading FERC Clarifies Impacts from Lost Capacity Market Rights in NYISO