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April 2, 2014
"We love freedom in Texas ... and as I sit here today our focus is on freedom," Andrew Sunderman, Chief Financial Officer of Direct Energy, said in a keynote at the Gulf Coast Power Association spring conference.
April 1, 2014
If you're a retail supplier whose livelihood is under attack because of uncompetitive pricing in the broken wholesale electric market, here's some salt for that wound.
March 28, 2014
ERCOT has proposed Nodal Protocol Revision Request (NPRR) 612 to reduce the cure period for failure to make payment or transfer funds, provide collateral or designate/maintain an association with a Qualified Scheduling Entity (QSE).
March 27, 2014
NRG recently published a letter on its website (click here) from CEO David Crane which outlines Crane's visions for NRG and the industry, and which we again see as irreconcilably in conflict with NRG's preferred policy of a capacity market in Texas.
March 26, 2014
The Independent Power Producers of New York have amended their pending complaint at FERC alleging impermissible price suppression from purported buyer-side market power in the New York ISO capacity market.
March 20, 2014
In keeping with its long-standing disdain regarding the needs of retail electric suppliers and the foundation necessary for a properly functioning retail electric market, FERC has not seen fit to include any companies which are exclusively focused on supplying competitive retail energy on the…
March 17, 2014
PJM issued the following "statement" on the winter 2014 cold weather events to members on Friday:
March 17, 2014
If you're an independent retail supplier, and particularly one which started after the 2005-07 bloodbath in the retail market, you need to understand one thing, if it's not already apparent: the leading advocates of "competitive" markets -- meaning non-price-regulated generators, most of whom own…
March 14, 2014
A decision from the California PUC authorizes two utilities to procure generation to meet local capacity requirements, with recovery authorized through the nonbypassable Cost Allocation Mechanism.
March 12, 2014
Generators in PJM may be exploiting the make-whole payments granted to capacity owners by FERC, allowing cost recovery above the $1,000/MWh price cap, by, "requesting recovery of natural gas 'costs' that they did not in fact experience, but rather which represent simply a published 'spot' cost of…
March 11, 2014
Not that we needed more evidence that the PJM capacity market is designed to inflate wealth transfers to incumbent asset owners, but PJM's latest filing to reform the Reliability Pricing Model to curb alleged "speculation" (behavior which has the effect of reducing consumer prices) is simply another…
March 7, 2014
The Texas Public Policy Foundation has released a new presentation: "Letting the Facts Speak: Texas' Reliable Electricity Market."
March 7, 2014
PJM has provided the Pennsylvania PUC with information on generation facility outages during the cold weather event of January 6-8.
March 6, 2014
The Electric Reliability Council of Texas released its final Seasonal Assessment of Resource Adequacy (SARA) for this spring and a preliminary outlook for the coming summer.
March 5, 2014
The Pennsylvania PUC will be "investigating" the causes of anomalous PJM wholesale market charges experienced in January.
March 4, 2014
ERCOT has proposed Nodal Protocol Revision Request 601 to revise, "the calculation of credit exposure for Counter-Parties that are registered as Qualified Scheduling Entities (QSEs) and Load Serving Entities (LSEs) and provide Provider of Last Resort (POLR) service as a result of Mass Transition of…
February 28, 2014
ERCOT's new Capacity, Demand, and Reserves report shows significant improvement in the forecast reserve margin.
February 24, 2014
Members of the Retail Energy Supply Association, "remain deeply concerned about the lack of transparency regarding January market conditions that precipitated record BOR [Balancing Operating Reserves] charges for one month," RESA said in a letter to the PJM board of managers.
February 24, 2014
"Our energy market seems to be healthy," Texas Public Utility Commissioner Brandy Marty said during Friday's open meeting, as the Commission agreed to focus on the appropriate reliability standard, rather than immediate changes to market design.
February 20, 2014
There's a lot of absurdities when trying to wade through the inconsistent and illogical arguments in favor of a Texas centralized capacity market, but the latest line being pitched by capacity market supporters may be our favorite.
February 19, 2014
The Electric Reliability Council of Texas (ERCOT) announced that it will release its next 10-year outlook on Capacity, Demand and Reserves (CDR) on February 28.
February 19, 2014
NTE Energy announced plans to develop, own and operate a 270 MW gas-fired peaking generating plant in ERCOT.
February 19, 2014
A retail electric supplier has raised "due process and fairness concerns" regarding ISO New England's triggering of a default of the supplier.
February 14, 2014
Ohio Denies Nonbypassable Capacity Charge Sought by Duke
February 12, 2014
A proposed decision from the California PUC would authorize two utilities to procure generation to meet local capacity requirements, with recovery authorized through the nonbypassable Cost Allocation Mechanism.
