In Massachusetts, capacity ownership of distributed resources could determine fate of storage A little-noticed debate in Massachusetts could have a big impact on the trajectory of the state’s energy storage market. Earlier this month, the Massachusetts Department of Public Utilities (DPU) convened a technical conference on solar and storage facilities participating in ISO-New England’s forward … Continue reading In #Massachusetts, capacity ownership of distributed resources could determine fate of storage→
ISO-NE implements ‘pay-for-performance’ capacity market incentives As of June 1 the ISO New England has integrated new “pay-for-performance” (PFP) incentives into its forward capacity market, designed to address rising generator outage rates which have left some power plants unavailable during critical times. The grid operator will use a system of incentives and fees designed to … Continue reading ISO-NE implements ‘pay-for-performance’ capacity market incentives→
PJM power auction could bring lower electricity prices in 2021 Delmarva Power customers couldsee slightly lower rates for electricity in coming years. Grid operator PJM Interconnection reported its auction produced higher price for a period from a one-year period beginning in June 2021. Prices were up from the past auction, due in part to transmission … Continue reading PJM power auction could bring lower electricity prices in 2021→
Warmer summer, 25 GW of new capacity expected in US May 22 (Renewables Now) – The US is forecast to experience higher than average temperatures this summer, but net demand for electricity is to remain relatively flat year-on-year due to the higher implementation of demand response and growth in behind-the-meter distributed energy resources. This will … Continue reading Warmer #summer, 25 GW of new capacity expected in US→
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 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 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 files competing capacity market reforms at FERC PJM’s announcement in February that it would file two competing capacity market reforms with FERC was unexpected in the power sector. Only once before had a regional grid operator taken that step — and it was ISO-NE, which has a specific provision in its bylaws authorizing the … Continue reading PJM files competing capacity market reforms at 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 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→
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