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September 10, 2013
The "vast majority" of the capacity payments in the eastern RTO capacity markets, "are made to resources that are economic and will operate the same without regard to the magnitude of the capacity payment they receive," economist James F. Wilson said in comments to FERC in a proceeding reviewing the…
September 6, 2013
Implementing a "maximum" configuration of real-time energy and ancillary services co-optimization (RTEAC) in the ERCOT market would cost less than 1% of the annual projected cost of a capacity market, according to a real-time co-optimization impact assessment filed with the Public Utility Commission…
September 5, 2013
ISO New England has sought changes to the forward capacity market design because the current rules have never actually required capacity resources to meet performance obligations.
September 4, 2013
The Midcontinent ISO has filed with FERC updated Cost of New Entry (CONE) values for each local resource capacity zone, for the planning year that will commence on June 1, 2014
September 4, 2013
The Electric Reliability Council of Texas (ERCOT) announced that it expects to have enough power available to serve peak demand needs this coming fall and winter, even if extreme weather or an unusually high number of forced generation outages dip into its planning reserves.
September 3, 2013
An owner of generation in PJM has said that the RTO's Reliability Pricing Model capacity market is "deeply flawed, and needs to be fixed on many levels."
September 3, 2013
On August 30, FERC conditionally accepted a tariff filing by ISO New England Inc. to reflect that market participants may qualify for an exemption from certain provisions of the Commodities Exchange Act (CEA) and Commodity Futures Trading Commission (CFTC) regulations when engaging in specified…
August 30, 2013
The Public Utility Commission of Texas directed ERCOT to begin drafting protocols for implementation of an Operating Reserves Demand Curve as the Commission considers final approval, while Commissioners agreed to examine several questions in a new phase of its resource adequacy investigation…
August 28, 2013
Capacity suppliers in ISO New England need not meet their capacity supply obligations as required under their commitment, established in the capacity market, to supply capacity during shortage hours if such capacity suppliers can demonstrate an, "inability to procure fuel or transportation," FERC…
August 28, 2013
Another independent publication has ranked Texas as among the best climates for business, despite the narrative that "reliability" problems caused by the energy-only market and forecasts of declining reserve margins are going to keep businesses away.
August 28, 2013
A Texas capacity market would cost $4.7 billion annually, according to a study by Charles Rivers Associates commissioned by NRG Energy, Inc. which was filed with the Public Utility Commission of Texas.
August 27, 2013
Entergy Corporation announced this morning that it plans to close and decommission its Vermont Yankee Nuclear Power Station in Vernon, Vt.
August 27, 2013
Odessa-Ector Power Partners, L.P. has filed at the Public Utility Commission of Texas a complaint and appeal of the Electric Reliability Council of Texas' denial of real time market settlement payments to Odessa following ERCOT manual overrides of Odessa's High Dispatch Limit (HDL) on November 15…
August 26, 2013
A FERC Staff report issued ahead of a technical conference on capacity markets in the FERC-jurisdictional RTOs confirms that current capacity market designs are not desirable for implementation in Texas, and that if Texas were to adopt a mandated reserve margin, it will need to look at novel…
August 20, 2013
The "outlook for dire consequences" with respect to resource adequacy in Texas, "appears to be wholly overstated," a coalition of competitive electric suppliers has conceded, raising the question of why some of these same suppliers (or their affiliates) are pressing for costly administrative…
August 14, 2013
FERC has adopted without modification the New York ISO's proposal to create a new local capacity zone in the ICAP market, consisting of Load Zones G, H, I, and J (the G-J Locality), applicable to load-serving entities including ESCOs
August 13, 2013
A year after rehearing requests were filed regarding buyer-side "mitigation" in the Midwest ISO's capacity market, FERC said that it would benefit from briefing on the issue, and set a schedule for such briefs.
August 12, 2013
Entergy Texas and an ITC Holdings subsidiary withdrew, without prejudice to re-filing, their request for approval from the Public Utility Commission of Texas for a sale of Entergy Texas' transmission assets to ITC, after it became clear that the Commission was prepared to reject the transaction…
August 12, 2013
The Public Utility Commission of Texas deferred until its next open meeting a decision on adopting an Operating Reserves Demand Curve (ORDC) for the ERCOT market, as Commissioner Kenneth Anderson said that the delay, particularly from a potential rulemaking process, could impede over 1,000 MW of new…
August 9, 2013
This story updated 3:30 pm ET 8/9 to reflect Crane's use of the term "nearly" impossible throughout. An earlier version has incorrectly used both the terms virtually and nearly in different places.
August 9, 2013
ERCOT Experiences Third Highest Demand In History
August 7, 2013
The design of PJM's capacity auction has "fundamental flaws" which will not only "impede investments," but also, "impact reliability," said Anthony Alexander, President and Chief Executive Officer of FirstEnergy Corp.
August 5, 2013
PJM has re-filed at FERC, in the form of tariff revisions, new rules proposed to be applicable to demand response capacity offers made in the Reliability Pricing Model capacity auction.
August 5, 2013
The increased reliance on "planned" resources -- meaning new resources clearing the capacity market -- to meet the PJM mandated reserve margin has been likened by Exelon to other "issues" in the capacity market which required reforms
August 2, 2013
Centrica's Chief Executive Sam Laidlaw demonstrated in an earnings presentation this week how introduction of a capacity market in Texas, which compels retail electric providers to provide payments to capacity owners, would destroy the Texas retail market, and leave only a handful of generation…
