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October 22, 2012
The Brattle Group's recommended design for a Texas mandatory capacity market would allow capacity resources whose fixed costs are subsidized by Texas ratepayers to fully earn scarcity, inframarginal energy market revenues without being subject to any clawback or offset.
October 18, 2012
The Public Utilities Commission of Ohio has directed AEP Ohio to make any necessary adjustments to retail supplier billings, which occurred during an "interim" period of capacity pricing, in order to reflect a clarification from PUCO regarding the capacity rate applied to certain customers during…
October 17, 2012
The boards of both PJM Interconnection and the New York Independent System Operator (NYISO) today agreed to a long-term strategy to optimize the flow of electricity across their common border and reduce threats to reliability.
October 12, 2012
"For the benefit of the public, please allow me to remind us all that our energy-only market design has not failed us to date and is not broken," Commissioner Rolando Pablos of the Public Utility Commission of Texas said in a memo regarding resource adequacy in advance of today's open meeting.
October 12, 2012
A FERC order regarding the application of buyer-side mitigation in the New York ISO installed capacity market could lead to a $500 million increase in customer electricity bills in 2013, the New York State Public Service Commission said yesterday in announcing that it was seeking rehearing of the…
October 11, 2012
Citing the "clandestine and exclusionary process" under which proposed changes to PJM's capacity market Minimum Offer Price Rule were developed, the Maryland PSC sought an immediate halt of PJM's fast-track "educational" process, and called for the introduction of "open and transparent" stakeholder…
October 4, 2012
PJM has released details of what has been called a "settlement" regarding changes to the minimum offer price rule (MOPR) -- an offer floor designed to limit competition in the mandatory capacity auction.
October 4, 2012
NRG Texas Power LLC has filed a Notification of Suspension of Operations with ERCOT for several of the units at its SR Bertron facility, namely, units G1, G2 and GT2.
October 2, 2012
A Texas proposal for decision would conditionally grant Entergy Texas Inc.'s application to transfer operational control of its transmission assets to the Midwest ISO, subject to the provisions of a non-unanimous stipulation (NUS) among Entergy, Staff of the Public Utility Commission of Texas, and…
October 1, 2012
The Brattle Group is to prepare for ERCOT and the Public Utility Commission of Texas an estimate of demand response achievable in the market and two "composite" detailed policy alternatives to address resource adequacy, one that highlights the major components of an energy-only option, and one that…
October 1, 2012
The Midwest ISO said in a FERC filing that a further review of the resource adequacy construct as accepted and modified by FERC in a June 11 Order is subject to two risks: (1) that some Planning Resource Margin Requirement may not be sufficiently accounted for and modeled at the time of the Planning…
September 28, 2012
The Public Utility Commission of Texas this morning elected not to act, at this time, on a proposal for adoption that would raise the ERCOT high system-wide offer cap to $9,000/MWh effective June 1, 2015, as commissioners believed that any change in the offer cap should be made in concert with…
September 27, 2012
Priority Power Management, LLC filed a white paper with the Public Utility Commission of Texas offering further proposals to address West Zone congestion in ERCOT.
September 25, 2012
Had a $9,000/MWh high system wide offer cap been in place in ERCOT during 2011, peaker net margin would have been approximately three times the annualized fixed costs of a new gas-fired peaking unit, when not considering the triggering of a reduction in the high cap from reaching peaker net margin…
September 24, 2012
Staff of the Public Utility Commission of Texas have filed a recommended proposal for adoption which would raise the ERCOT high system-wide offer cap (HCAP) to $9,000 per MWh effective June 1, 2015.
September 21, 2012
A study by Christensen Associates Energy Consulting prepared for several public power organizations concludes that New York's current approach to resource adequacy, including a spot capacity auction with no multi-year forward obligation, "does not require replacement by a mandatory forward…
September 20, 2012
ERCOT has filed a report with the Public Utility Commission of Texas that, using a baseline of the May 2012 Capacity, Demand and Reserves (CDR) report, projects future reserve margins given several announced new generating plants not included in the May CDR report, as well as including additional…
September 18, 2012
Panda Power Funds today announced that its affiliate Panda Sherman Power, LLC has successfully completed the financing on its planned 758-megawatt natural gas-fueled, combined-cycle power plant in Sherman, Texas.
September 13, 2012
ERCOT yesterday announced in a market notice changes in transmission element statuses to reduce West Load Zone congestion
September 13, 2012
The Public Utility Commission of Texas this afternoon directed ERCOT to perform a backcast analysis of the resource adequacy approaches proposed in the Brattle report, including the filed stakeholder proposals which fall within or tweak the Brattle-outlined mechanisms, to determine the additional…
September 12, 2012
The text below is an unedited press release from Summit Power Group regarding its Texas Clean Energy Project generating capacity being developed in Texas
September 12, 2012
Texas electric rates are lower in nearly all instances than electric rates available to customers in states that rely on "capacity markets" for resource adequacy, according to a review of data conducted by EnergyChoiceMatters.com
September 11, 2012
FERC yesterday ordered the New York ISO to recalculate its determinations exempting the new 575 MW generating facility owned by Astoria Energy II LLC (Astoria II) and the 512 MW generating facility being developed by Bayonne Energy Center, LLC from the buyer-side mitigation rules, as FERC granted…
September 11, 2012
Kinder Morgan CO2 Company, L.P. filed comments at the Public Utility Commission of Texas regarding congestion in the West Zone, expressing dissatisfaction with the congestion revenue rights (CRR) process, and warning of economic consequences from continued West Zone congestion.
September 11, 2012
A contractual pass-through by retail electric providers to customers of charges meant to assure the reliability of the electric grid, "cause customer confusion and frustration," a group of retail suppliers have said.
