The state of wholesale power markets: What’s wrong with proposed changes in Eastern RTOs? In part one of this series, we discussed why generators are struggling to make ends meet in wholesale power markets, summarizing the reason for low revenues in one word: overcapacity. In many markets, oversupply is chasing after flat or decreasing demand. … Continue reading The state of wholesale power markets: What’s wrong with proposed changes in Eastern RTOs?
Northeast set for summer; imports may be key for ISO-NE: NPCC The US and Canadian Northeast overall should have adequate generation supply to meet summer electricity needs, according to the Northeast Power Coordinating Council summer outlook issued late Wednesday. However, the retirement of one of the largest coal- and oil-fired power plants in New England … Continue reading Northeast set for summer; imports may be key for ISO-NE: #NPCC
D.C. Circuit Again Upholds FERC Order No. 1000 A three-judge panel for the D.C. Circuit on April 18 unanimously upheld Order No. 1000, denying multiple challenges by New England power firms and state regulators to the Federal Energy Regulatory Commission’s (FERC’s) controversial mandate that requires utilities to remove certain “right of first refusal” provisions from … Continue reading D.C. Circuit Again Upholds FERC Order No. 1000
Pilgrim Nuclear Power Station prepares for refueling outage Pilgrim Nuclear Power Station began reducing power Sunday morning in preparation for a temporary refueling outage, a spokesman for the Plymouth facility said in a statement. During the outage, more than 800 temporary workers will assist the plant’s 620 full-time employees in inspecting, upgrading, and replacing hundreds … Continue reading #Pilgrim Nuclear Power Station prepares for #refueling outage
ISO-NE proposes two-part capacity auctions to handle subsidized generation The ISO-New England proposal aims to provide a market-based solution to the integration of subsidized generation resources in wholesale power markets. Across the nation, subsidized resources — typically renewables and nuclear plants — are pushing down wholesale power market prices, reducing revenue for generators and stoking … Continue reading ISO-NE proposes two-part capacity auctions to handle subsidized generation
Brace for electricity rate increases Higher “capacity” prices are likely to push retail electricity rates upward starting in July, the Office of Consumer Counsel said this week. Rate increases could continue for the next two years, before starting to subside in mid-2019, OCC said. New England’s grid operator, ISO-New England, pays power plants that promise … Continue reading Brace for electricity rate increases
Connecticut bill would protect Millstone nuke by classifying it as a renewable resource Nuclear power plants have been struggling to compete with low-cost natural gas generation in wholesale markets, leading a number of plants to retire in recent years. In some states nuclear plant operators have been fighting back by seeking special treatment for their … Continue reading #Connecticut bill would protect #Millstone nuke by classifying it as a renewable resource
What’s The Future Of Connecticut’s Only Nuclear Plant? A bill that could change the way Connecticut’s only nuclear power plant sells its energy is taking shape at the state capitol. Officials at Millstone Power Station are asking legislators to let them sell electricity directly to utilities. As commodities go, electricity is unique. It’s generated, shot … Continue reading What’s The Future Of #Connecticut’s Only Nuclear Plant?
Wholesale electricity prices fell 29% last year New England paid less for electricity on the wholesale level last year than any time in the last 13 years thanks to a warm winter, a reduction in power use and a glut of very cheap natural gas. New England’s wholesale electricity prices in 2016 were the lowest … Continue reading Wholesale electricity prices fell 29% last year