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July 31, 2013
Texas retail electric providers have surprisingly (or not so surprisingly when the parties involved are considered) filed harsh comments in opposition to an Operating Reserves Demand Curve (ORDC) in ERCOT.
July 26, 2013
PJM's capacity market is a "version of socialism," American Electric Power CEO Nicholas Akins said during an earnings call yesterday.
July 26, 2013
Calpine's President and Chief Operating Officer Thad Hill essentially conceded on an earnings call yesterday that new generating resources clearing the PJM capacity market cannot be relied upon for resource adequacy, and despite receiving assurance of a three-year forward revenue stream, still…
July 24, 2013
Additional options for setting parameters of an operating reserves demand curve in ERCOT would enhance resource adequacy, even at a lower minimum contingency level, an analysis conducted by The Brattle Group showed.
July 22, 2013
Texas Public Utility Commissioner Kenneth Anderson has offered two proposed alternatives for implementing an Operating Reserves Demand Curve in ERCOT.
July 19, 2013
Texas, with its energy-only market, is again the only state with retail electric choice rated as attractive to businesses, this time in CNBC's 2013 update to America's Top States for Business, while capacity market states are ranked as among the most undesirable states for business.
July 17, 2013
The ERCOT board of directors deferred until September a decision to increase the target reserve margin to 16.1% from the current 13.75%.
July 16, 2013
The Chair of the Texas Senate's Committee on Natural Resources has written a letter to ERCOT board members expressing "serious concern" on a recommendation from the Technical Advisory Committee to increase the ERCOT target reserve margin from 13.75% to 16.1%.
July 15, 2013
Consider the following excerpts from an op-ed in favor of a Texas capacity market:
July 12, 2013
American Electric Power announced that it expects to retire its 585-megawatt coal-fueled Muskingum River Plant Unit 5 in Beverly, Ohio, in 2015.
July 12, 2013
Centralized capacity markets -- specifically those with a downward sloping demand curve -- are reintroducing into the electric industry one of the main catalysts of deregulation -- the gold-plating of the electric system.
July 9, 2013
FirstEnergy Corp. announced today that it expects to deactivate two coal-fired power plants located in Pennsylvania by October 9, 2013.
July 5, 2013
ERCOT has formally submitted for approval Nodal Protocol Revision Request 555 , Load Resource Participation in Security-Constrained Economic Dispatch.
July 5, 2013
ERCOT issued a market notice on July 3 stating that Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that are owed monies from ERCOT on Settlement Invoices due for payout on July 3, 2013, will notice that the amount of funds transferred is short of the…
July 3, 2013
The use of incendiary language in a recent op-ed by NRG Energy in favor of a capacity market in Texas begs the question, that if we can't trust the market to assure resource adequacy, what else should we not "bet" on?
July 2, 2013
ISO New England has filed changes at FERC to collect sale taxes on certain transactions in the market.
July 2, 2013
If tariff revisions are approved at FERC, ISO New England's forward capacity market will no longer be designed to clear the market to minimize total costs.
July 1, 2013
ISO New England, which requires load to pay capacity to meet a mandated reserve margin, has filed at FERC "out-of-market solutions" to meet looming reliability risks due to non-performance of resources receiving capacity payments.
June 28, 2013
No substantive opposition to the B+ Operating Reserves Demand Curve was voiced yesterday during a Texas workshop on the subject, other than from supporters of alternative market designs who fear it might preclude the need for their preferred outcomes.
June 28, 2013
The continued lack of scarcity pricing in ERCOT, despite a host of pricing reforms and grid conditions which support scarcity, prompted Kenneth Anderson, Public Utility Commissioner of Texas, to muse whether generators were intentionally underbidding.
June 26, 2013
An analysis filed by The Brattle Group indicates that an energy-only market with the version B+ proposal for an Operating Reserve Demand Curve can result in an equilibrium reserve margin in excess of the current minimum target.
June 25, 2013
Credit to Christopher Helman of Forbes for calling a capacity what it is in a recent story on the Texas debate -- "a little more regulation."
June 24, 2013
A recent filing by ISO New England at FERC should give Texas regulators pause in consideration of a capacity market because the filing details how, despite paying billions of dollars for capacity, resources receiving capacity payments don't respond when needed, leaving customers to ask what exactly…
June 21, 2013
Quest Energy, LLC and Integrys Energy Services, Inc. requested that FERC issue an order approving a settlement agreement among the retail suppliers and various AEP transmission owners concerning Seams Elimination Charge Adjustments imposed on retail suppliers by FERC.
June 21, 2013
The ERCOT Independent Market Monitor has released the 2012 State of the Market Report, and the report spends considerable time defending capacity markets as "efficient."
