PJM auction sees power prices soar under new reliability rules Millions of electricity users throughout the Mid-Atlantic and Midwest will pay $3.4 billion more to keep the lights on in extreme conditions three years from now following an auction run by the operator of the nation’s largest electric grid to ensure reliability. Results of PJM … Continue reading PJM auction sees #power_prices soar under new reliability rules
Houston companies do well in northeast electricity auction Houston electric companies made money this week at the first auction to supply back-up capacity for states along the eastern seaboard and Great Lakes. NRG, Dynegy and Calpine – all based in Houston – were all winners at selling capacity at Monday’s auction, according to analysts at … Continue reading Houston companies do well in northeast #electricity_auction #NRG, #DYN, #CPN
Global Credit Research – 11 Aug 2015 New York, August 11, 2015 — PJM Interconnection LLC’s (Aa3 stable) capacity auction that began on August 10 is expected to be credit positive for the merchant power industry but will see new power plants competing against the old, Moody’s Investors Service says in “PJM Capacity Auction Pits … Continue reading Moody’s: New PJM auction mechanics pit new gas plants against old coal, nuclear units
Carolyn Davis August 11, 2015 The PJM Interconnection’s annual capacity auction underway this week could result in natural gas-fired capacity exceeding 6 GW to make up for declining coal and nuclear supplies. The largest U.S. power market’s grid operator supplies 61 million people in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New … Continue reading PJM Auction Likely to Boost Region’s NatGas-Fired Capacity
Newly planned 900 MW gas plant will help meet ISO-NE capacity concerns Rhode Island Gov. Gina Raimondo announced the new project with Invenergy CEO Michael Polsky this week, touting the new facility for creating jobs and helping to manage the state’s already-high electricity rates. “The construction of this clean energy generation facility will create hundreds … Continue reading Newly planned 900 MW gas plant will help meet ISO-NE capacity concerns
07/31/2015 | Thomas Overton Exelon’s Quad Cities nuclear plant in Illinois will not be economically viable despite changes in the PJM capacity market, and the company has to make a decision on closing it before the Illinois legislature can act on possible measures to save it, CEO Chris Crane said in Exelon’s second-quarter earnings call … Continue reading Quad Cities Nuclear Plant May Be Retired
GRID RELIABILITY WILL COST CUSTOMERS A FEW DOLLARS MORE PER MONTH, PJM CLAIMS New regulation, intended to keep lights on when demand for electricity peaks, will increase payments to power generators A new rule to enhance the reliability of the power grid at times of peak demand will cost most customers a few dollars more … Continue reading GRID RELIABILITY WILL COST CUSTOMERS A FEW DOLLARS MORE PER MONTH, PJM CLAIMS
PJM Members: Capacity Performance Penalties May Hurt Dispatch Discipline Members warned PJM officials last week that the way the RTO plans to calculate Capacity Performance could lead generators to ignore dispatch instructions to avoid penalties. PJM expects generators’ output to match their Capacity Performance obligations even at the beginning of a no-notice emergency, leaving no … Continue reading PJM Members: Capacity Performance Penalties May Hurt Dispatch Discipline
California grid expected to maintain reliability despite drought According to the North American Electric Reliability Corporation (NERC), the bulk power system in California is not expected to lose grid reliability this summer, despite a drought that has lowered hydroelectric generation. Overall, NERC expects more than 72 gigawatts (GW) of electric generating capacity to be available … Continue reading California grid expected to maintain reliability despite #drought
Kennedy files bill to close loophole in electricity auction process, aims to reduce energy costs A bill filed Wednesday by U.S. Rep. Joseph Kennedy III, D-Massachusetts, would close a loophole, which after the New England wholesale electricity auction last year left four federal regulators deadlocked and no remedy to stop massive rate increases from going … Continue reading Kennedy files bill to close loophole in electricity auction process, aims to reduce #energy costs
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