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October 2, 2013
FERC accepted but suspended for a five-month period, subject to refund, and to the outcome of a technical conference and a further order, tariff revisions altering how demand response is qualified to participate in PJM's forward capacity auctions.
October 2, 2013
"What we see that has happened in PJM is a recipe for what can happen here in Texas," if a capacity market is adopted, William A. Von Hoene, Jr., Senior Executive Vice President & Chief Strategy Officer for Exelon, said in addressing the Gulf Coast Power Association.
October 1, 2013
ERCOT Receives NSO for AES Deepwater Units
October 1, 2013
The ERCOT Commercial Operations Subcommittee and the Communications and Settlements Working Group have filed Nodal Protocol Revision Request (NPRR) 570 to reduce the real-time settlement timeline to five days after the operating day.
September 26, 2013
The market design, and constant changes, of PJM's Reliability Pricing Model has been likened to the game of "Whack-A-Mole" by Exelon CFO and Executive Vice President Jonathan Thayer, as Thayer also warned that the market is replacing "steel in the ground" generation with new build generation that…
September 25, 2013
Some electricity consumers could participate more actively in the Texas electric market in the future, following actions by the Electric Reliability Council of Texas Board of Directors at its Sept. 17 meeting, ERCOT said yesterday
September 25, 2013
Republican members of the U.S. House Energy and Commerce Committee have urged FERC, in a letter to Commissioners, to ensure that, "restructured electricity markets operate pursuant to legitimate market forces and are not becoming mere administrative constructs dependent on an increasing amount of…
September 24, 2013
"Despite the claims of a few incumbent generators, there is no impending disaster or reliability emergency requiring radical action," Texas Industrial Energy Consumers said in comments to the Public Utility Commission of Texas.
September 24, 2013
Texas customers filing comments yesterday at the Public Utility Commission of Texas were universal in their opposition to a mandated reserve margin.
September 24, 2013
The parent of a Texas retail electric provider, in a push for a mandated reserve margin and centralized capacity market, has said that electricity is, "an essential part of life," and therefore, "Texans expect and deserve electric service 100% of the time " (emphasis added).
September 23, 2013
ERCOT said in a market notice that it has identified a potential problem with the implementation of NPRR 416, Creation of the RUC Resource Buyback Provision, which is scheduled for release this week.
September 20, 2013
ERCOT Issues Proposed Protocol Language for Operating Reserves Demand Curve
September 20, 2013
"It is difficult to declare the [ISO New England] capacity market a success if a significant number of the resources that have been selected and compensated as capacity resources fail to perform as needed," Robert Ethier, Vice President of Market Development for ISO New England, said in comments at…
September 20, 2013
Adopting a mandated reserve margin in Texas, and the attendant mandatory capacity obligation, would be inconsistent with the vision of Governor Rick Perry's Competitiveness Council and specifically the Competitiveness Council's State Energy Plan.
September 18, 2013
ERCOT said in a market notice yesterday that it has posted an updated tool to backcast online and offline reserve prices as well as Peaker Net Margin (PNM) under the real-time scarcity pricing concept known as "Interim Solution B+", a form of an operating reserves demand curve.
September 17, 2013
Showing once again its utter indifference to realities of the retail electric market, FERC has assigned unhedgeable, out-of-market costs to load serving entities, such as retail suppliers, deeming that retail suppliers "benefit" from such costs.
September 16, 2013
Testifying before a state senate hearing, Pennsylvania PUC Chairman Robert Powelson expressed concerns with the impact on "reliability" and "jobs" from the planned closure of two FirstEnergy Generation power plants in Pennsylvania, validating concerns expressed by other state regulators who have…
September 16, 2013
The northeast RTOs are facing "disastrous" consequences if they do not reform their capacity markets, Entergy Corporation Chairman and Chief Executive Officer Leo Denault said during a Barclays conference Friday, further affirming that capacity market designs are not successful markets which assure…
September 13, 2013
The Public Utility Commission of Texas has directed ERCOT to develop a Nodal Protocol Revision Request to implement an Operating Reserves Demand Curve (ORDC), following the B+ design, and agreed on four major design elements for the curve.
September 12, 2013
A day after PJM was forced to involuntarily shed firm load due to a lack of available generation supply (click here for story) , a Texas capacity owner has said that the "long-term solution" to the challenges facing the ERCOT grid is, "some form of capacity market."
September 12, 2013
Although the superior policy was already clear for a variety of reasons, the institution of involuntary firm load shed in PJM, due in part to a lack of available generating capacity (click here for story) , provides Texas with the inescapable conclusion that requiring a mandated reserve margin to be…
September 12, 2013
In what is ultimately a failure of a mandated reserve margin to keep the lights on -- despite the billions of dollars in costs that it annually imposes on customers -- PJM was forced to direct utilities to involuntarily curtail tens of thousands of customers on Tuesday, due to "unseasonably" hot…
September 11, 2013
The Texas Public Policy Foundation released a Q&A on the Texas electricity market, providing an overview of the Texas electricity market and the current debate over, "whether Texas should abandon its world-class competitive market and move to a capacity market that would provide subsidies for…
September 11, 2013
Texas, and its energy-only market, continue to lead independent assessments as the most attractive climate for businesses, despite feigned protestations that the energy-only market and a non-mandated reserve margin make the state unattractive for businesses, as Texas has now been named the top state…
September 11, 2013
Mandating a minimum reserve margin in Texas, meaning an administratively determined reserve margin which has to be met, runs counter to the compact made with Texas customers who were compelled to invest in the ubiquitous deployment of advanced meters, and would essentially turn that investment into…
