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September 14, 2021
PJM filed at FERC to further delay the upcoming Base Residual Auction (BRA) for capacity for the 2023/2024 Delivery Year by a "modest" 55 days, with a new auction date of January 25, 2022, "in order to allow for the orderly administration of the next auction under the revised MSOC [Market Seller…
September 3, 2021
ERCOT has posted the Final Seasonal Assessment of Resource Adequacy (SARA) for the Fall 2021 season.
August 25, 2021
Six Months After Winter Storm Uri, Texans for Fair Energy Billing Warns that Winter is Coming and Texas' Energy Grid Still isn't Prepared
August 23, 2021
In rebuttal testimony, ERCOT rejected proposals from several retail electric providers to calculate charges to recover costs of the uplift financing program under HB 4492 on a $/MWh basis. ERCOT continues to propose to collect costs via a daily lump sum charged to LSEs based on the load ratio share…
August 19, 2021
In directing certain preliminary actions with respect to Docket 52322, which is addressing an "uplift" financing program as directed by HB 4492, the Texas PUC at its open meeting today did not rule on the question of whether netting shall be required under the program
August 16, 2021
Texas Lieutenant Governor Dan Patrick has written a letter to the Texas PUC Chair and Commissioners stating that the Texas Senate would not have passed a bill giving taxpayer dollars to companies that profited during the winter storm, and said that HB 4492 requires netting
August 13, 2021
Several Texas retail electric providers have opposed ERCOT's proposal for how ERCOT will calculate charges to recover costs of the uplift financing program under HB 4492. REPs also opposed additional security requirements proposed by ERCOT under the financing program
August 11, 2021
Twenty Texas State Senators, including Senators Charles Schwertner and Kelly Hancock, have filed a letter with the Texas PUC explaining their position that the legislative intent of HB 4492 is that netting is required in establishing proceeds to be provided to LSEs under the "uplift" financing…
August 9, 2021
The U.S. Court of Appeals for the D.C. Circuit has remanded to FERC a complaint concerning the results of the 2015 Midcontinent ISO capacity auction, finding that FERC's conclusion that the outcome of the auction was just and reasonable, because the auction complied with the applicable tariff…
August 5, 2021
Most Gentailers Oppose Netting; Independent REPs (& OPUC) Support Netting
Calpine Says Any Proceeds Should First Be Allocated To Any Customers Exposed To Such Prices (With Mandated Pass-Through), Regardless Of LSE's Position; With Proceeds To LSEs Themselves Relegated To Second Priority
August 3, 2021
Texas Representative Chris Paddie sent a letter to the Texas PUC stating his opinion that HB 4492 -- which creates a program to finance Reliability Deployment Price Adder ("RDPA") charges and Ancillary Service costs above the Commission's system-wide offer cap for the period beginning 12:01 a.m.…
July 22, 2021
During a press briefing on actions that the Texas PUC and ERCOT are taking to improve grid reliability as the hottest days of summer approach, PUC Chairman Peter Lake provided the consumer cost, to date, of certain reliability actions the PUC has directed ERCOT to undertake for this summer
July 21, 2021
The Texas PUC has issued a request seeking briefing on the treatment of offsets and affiliates in determining an entity's eligibility to seek compensation under the financing program established to compensate entities for costs above the system-wide offer cap during the relevant period of the winter…
July 19, 2021
Vistra today announced that it will close the Zimmer Power Plant in Moscow, Ohio, by mid-2022.
July 19, 2021
ERCOT Seeks Approval For Uplift, Default Balance Financing Orders
ERCOT has filed with the Texas PUC petitions for orders to finance the Winter Storm Uri Uplift Balance (Uplift proceeding) and the Default Balance (Default proceeding)
July 13, 2021
PUC Chair: Market Design Should Provide Financial Incentive For Reliability
During testimony today before a Texas Senate committee hearing on the ERCOT market, Texas PUC Chairman Peter Lake said, "The [ERCOT] market needs to move away from a crisis-based business model."
July 13, 2021
ERCOT Will Evaluate Market Changes To Incentivize Sufficient Dispatchable Resources; Fuel Security
July 9, 2021
Several groups ranging from Public Citizen to R Street Institute and the Energy Choice Coalition have requested that U.S. congressional leaders direct the Government Accountability Office (GAO) or other independent organization, "to examine the cost and reliability impacts of wholesale markets."
July 8, 2021
PJM Interconnection's Board of Managers has approved a proposal to address what PJM termed, "long-standing concerns with the Minimum Offer Price Rule (MOPR) in the PJM capacity market."
July 6, 2021
Texas Governor Greg Abbott today sent a letter to members of the Public Utility Commission of Texas (PUC), "directing them to take immediate action to improve electric reliability across the state," the governor's office announced
June 29, 2021
Daryl Metcalfe, Majority Chairman of the Environmental Resources & Energy Committee of the Pennsylvania House of Representatives, said in a letter to PJM's Board and CEO that Pennsylvania can leave PJM's capacity construct and pursue a competitive capacity structure if PJM cannot "contain" the…
June 24, 2021
In comments to the Texas PUC in a proceeding on weatherization standards, Texas Competitive Power Advocates (TCPA) recommended that the PUC adopt a cost recovery mechanism, perhaps through a non-bypassable charge, for facilities subject to new weatherization mandates for whom cost-of-service…
June 24, 2021
The Texas PUC adopted without modification a draft proposal for adoption to modify the value of the low system-wide offer cap (LCAP) in ERCOT by eliminating a provision that ties the value of the LCAP to the natural gas price index, and replacing it with a provision that ensures resource entities…
June 21, 2021
In a response to the Independent Market Monitor's state of the market report, PJM said that, "PJM believes that provisions to administratively limit prices under sustained extreme price conditions could be helpful to limit unnecessary risk to market participants and consumers."
June 18, 2021
The Federal Energy Regulatory Commission (FERC) said that it will take a further look at whether participation by demand response resources in distributed energy resource (DER) aggregations in regional wholesale markets should be subject to the opt-out, opt-in requirements established in Order Nos…
