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FERC's Glick Says Generation Competing In Default Service Auctions Would Be Subject To Expanded Minimum Offer Price Rule (MOPR) In PJM's Capacity Market

Glick: "We Should Be Taking A Hard Look At Whether A Mandatory Capacity Market Remains A Just And Reasonable Resource Adequacy Construct"

In a dissent, FERC Commissioner Richard Glick said that a generator's participation in the New Jersey Basic Generation Service (BGS) auctions could trigger such unit being subject to the expanded minimum offer price rule (MOPR) in PJM's capacity market

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Retail Supplier To Be Sold

Verso Paper Holding LLC, an indirect, wholly-owned subsidiary of Verso Corporation, has entered into a transaction under which it will sell 100% of the equity interests of Verso Androscoggin LLC (Androscoggin), including its FERC-jurisdictional facilities, and 100% of its equity interests in retail…

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In Electric Storage Order, FERC Orders PJM To Ensure Separation And Proper Accounting Of Wholesale And Retail Uses Of Storage

Directs PJM To Address Price Paid By Storage For Charging Energy When Customer Is Charged At Retail For Power

FERC issued an order addressing a compliance filing by PJM to implement FERC's prior order which directed RTOs to remove barriers to the participation of electricity storage in the RTO markets, and which held that storage shall be paid the LMP for energy sold into the RTO market.

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PSC Orders That Capacity Price Be Removed From SOS Bidding Due To Delay Of PJM Auction, Directs That Wholesale Suppliers Later Be Reimbursed With Final Capacity Price

Change Decreases Normal Risk Undertaken By SOS Wholesale Suppliers, Has Potential To Skew Price To Compare

The District of Columbia PSC has ordered that bidders in an upcoming Pepco SOS procurement for the June 2022 to May 2023 delivery year shall include a $0/MW-day cost for capacity in their bids, with winning bidders instead reimbursed the actual final price of capacity once determined.

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FERC Retail Energy News (Page 9) | EnergyChoiceMatters.com