April 15, 2014
George Jepsen, Attorney General for the State of Connecticut, petitioned FERC to investigate the results from the 2017-18 ISO New England Forward Capacity Auction, alleging that a generator, "may have exercised market power."
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April 4, 2014
Retail Suppliers Among Top 20 Direct Selling Association Member Companies
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April 2, 2014
ISO New England has filed at FERC to implement a system-wide sloped demand curve in its capacity market for Forward Capacity Auction 9 to be held in February 2015, for the 2018-19 delivery year.
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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.
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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.
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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…
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March 19, 2014
Voltage Energy Holdings Inc., a private equity-backed company, will not proceed with a transaction under which it would have acquired the various Glacial Energy retail supplier entities from Glacial Energy Holdings.
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March 17, 2014
PJM issued the following "statement" on the winter 2014 cold weather events to members on Friday:
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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…
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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…
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March 10, 2014
The District of Columbia PSC has approved Pepco's purchase of receivables discount rates as filed in September, which excluded any offset resulting from late payment revenues paid by competitive supply customers.
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March 3, 2014
FERC has granted approval for a transaction under which a subsidiary of The Blackstone Group L.P. and a private equity firm will acquire more than 50% of Twin Eagle Resource Management, LLC.
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February 24, 2014
Texas Commission to Further Consider Cease and Desist Authority
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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.
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February 18, 2014
As noted in our related story today, a Texas customer has taken up the fight to introduce electric choice to El Paso Electric, which is the latest example of a disturbing trend in Texas of so-called competitive market advocates not proactively seeking to extend choice to the still significant areas…
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February 12, 2014
In yet another order which undermines the notion of competitive markets, FERC has granted PJM a waiver, on a prospective basis, to allow offers in excess of $1,000/MWh to set the locational marginal price.
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February 10, 2014
Simulations run by The Brattle Group and Astrape Consulting, "show that energy-only markets can attract the optimal level of generation investments from a societal-cost perspective," Brattle and Astrape said in a report to FERC.
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February 10, 2014
FERC approved a settlement with Louis Dreyfus Energy Services L.P. (LDES) under which LDES will pay a civil penalty of $4.1 million, and disgorge $3.3 million plus interest, to resolve allegations that LDES violated the Commission’s Anti-Manipulation Rule, 18 C.F.R. § 1c.2 (2013), in connection with…
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February 3, 2014
Despite the ostensible obligations placed on capacity suppliers, FERC unsurprisingly granted the New York ISO's petition to grant make-whole payments to generators with costs in excess of $1,000/MWh.
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January 31, 2014
FERC accepted as filed by PJM tariff revisions for the capacity market which will now limit the amount of certain demand response resources which are procured.
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January 31, 2014
President Barack Obama announced his intent to nominate Norman Bay as Commissioner, Federal Energy Regulatory Commission, and upon appointment to be designated as Chairman.
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January 31, 2014
A coalition of industrial customers and consumer advocates said that granting PJM's requested waiver to allow offers in excess of $1,000/MWh to set the market-clearing LMP would compel customers to reward generators which failed to prudently hedge their variable costs of producing generation once…
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January 31, 2014
Washington Gas Energy Services, Inc. has asked FERC to deny a waiver requested by PJM to allow it to accept offers in excess of $1,000/MWh and for such offers to set the market-clearing LMP.
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January 30, 2014
Retail suppliers protested the New York ISO's sought waiver to provide make-whole payments in excess of $1,000/MWh to generators, not because the payments are unwarranted, but because the retail suppliers said that the costs should instead be reflected in market-clearing prices.
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January 29, 2014
FERC has denied the New York ISO's sought phase-in of the new G-J local capacity zone (Lower Hudson Valley zone).
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