Wind, solar resources should be removed from PJM capacity market: P3 trade group A PJM Interconnection power generators trade group said it is concerned about the viability of PJM’s capacity markets because wind and solar resources have been acquiring capacity obligations greater than what they can deliver, but other stakeholders say all resources need capacity … Continue reading Wind, solar resources should be removed from PJM capacity market: P3 trade group→
FERC orders PJM to scrap ‘adder’ mechanism seen bolstering capacity prices The Federal Energy Regulatory Commission on Thursday ordered the PJM Interconnection to stop using an “adder” in a capacity market methodology that critics contend increases prices and leads the grid operator to buy more capacity than needed. The 4-1 decision at FERC’s monthly meeting … Continue reading FERC orders PJM to scrap ‘adder’ mechanism seen bolstering capacity prices→
FERC orders PJM to change reserve market rules, delay capacity auctions FERC in May 2020 largely approved a PJM proposal to overhaul its reserve market, which the grid operator uses to make sure it has backup power supplies if there is a sudden change in electric supply. The Public Utilities Commission of Ohio, the Maryland … Continue reading FERC orders PJM to change reserve market rules, delay capacity auctions→
Solar + Storage Will Lead New U.S. Generation Capacity Solar power paired with energy storage is expected to lead capacity additions in the U.S. power generation sector over the next two years, according to the latest Electric Monthly Update from the U.S. Energy Information Administration (EIA). The EIA in its December report, which includes data … Continue reading Solar + #Storage Will Lead New U.S. Generation Capacity→
MISO warns of potential winter capacity shortfalls, tight US coal supplies Midcontinent Independent System Operator is warning that it could face capacity shortfalls in January if there is high demand and high generation outages, while also raising concerns that generators across the Eastern US could have a hard time getting coal this winter. High gas … Continue reading MISO warns of potential winter capacity shortfalls, tight US coal supplies→
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→
Dominion’s power decision leaves Virginia with questions Earlier this year, America watched in shock as the Texas electrical grid all but collapsed in the midst of an historic winter storm. With power plants and pipelines hobbled by cold weather, Texans were left to huddle in their homes for days without light, heat and, in many … Continue reading #Dominion ’s power decision leaves Virginia with questions→
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 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→
For more information call 1-855-GET-INNOTAP (1-855-438-4666) or contact us by form or
email us today!
