August 3, 2020
National Grid Calculates New Backout Credits, Billing Charges To ESCOs Updates Merchant Function Charge, POR Discounts
As part of a rate case newly filed with the New York PSC, Niagara Mohawk (National Grid, NiMo, or "the Company") is proposing to close its non-core daily balancing transportation service to new customers, and is proposing to offer a new core daily balancing transportation service, which will require…
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July 15, 2020
Utilities To Hold Procurement For New Four-Year Capacity Hedge Product For Default Service Plus Separate Energy-Only Auction; Simultaneously Hold Traditional Full Requirements Auctions
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July 14, 2020
ESCOs Serving C&I Customers, "Are Losing Money At A Rapid And Unsustainable Rate"
Comments filed on behalf of Aggressive Energy LLC (AE) at the New York PSC, in a proceeding on COVID-19, proposed that the PSC allocate a portion of previously collected, and uncommitted, funds from various public policy riders to provided financial relief to ESCOs which are experiencing an…
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June 12, 2020
The California Public Utilities Commission (CPUC) adopted a framework that designates a central buyer to procure local, multi-year resource adequacy in the Pacific Gas and Electric Company (PG&E) and Southern California Edison (SCE) distribution service areas.
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May 28, 2020
Con Edison noted in a filing with the New York PSC that it has deferred, for New York City residential customers, "a significant portion of higher generation capacity supply costs expected this year."
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May 22, 2020
Addresses Effective Date For Market Changes
FERC has adopted changes to PJM's reserves market proposed by PJM that could see reserves prices reach $10,000 per MWh.
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May 21, 2020
Exelon, PSEG Propose FRR, Allocation Of Capacity Costs To Retail Suppliers Clean Energy Group Urge Consideration Of Long-Term Contracts For BGS
Various retail suppliers filed comments with the New Jersey BPU opposing, or otherwise expressing concerns with, a Fixed Resource Requirement (FRR), while PSEG and Exelon Generation Company, LLC proposed an "Integrated FRR Procurement" to address resource adequacy and clean energy goals in light of…
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May 20, 2020
Report Says Existing ICAP Buyer-Side Mitigation Rules To Cost Nearly $1 Billion Per Year, Double Under Expansion
Reports from The Brattle Group addressing quantitative and qualitative analyses of resource adequacy, structures prepared for the New York Department of Public Service and NYSERDA, include a novel Co‐optimized Capacity & Clean Energy Procurement mechanism for LSEs such as ESCOs to meet various…
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May 18, 2020
Staff of the New York Department of Public Service (DPS Staff) will convene a Technical Conference on May 29, 2020 to review the results of analyses prepared by The Brattle Group to evaluate, from an economic and policy perspective, the merits of existing and potential resource adequacy structures
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May 15, 2020
An attorney examiner with the Public Utilities Commission of Ohio has invited reply comments concerning proposed changes to Ohio default service procurements due to the lack of a PJM capacity price beyond May 31, 2022, including a proposal from Energy Harbor LLC (the former FirstEnergy Solutions) to…
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May 13, 2020
2021 Reserve Margin Forecast Above 17%
ERCOT today released its final Seasonal Assessment of Resource Adequacy (SARA) for the upcoming summer season (June – September), a preliminary assessment for fall and an updated Capacity, Demand and Reserves (CDR) Report.
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April 29, 2020
The Illinois Power Agency has disclosed winning suppliers, quantities, and average prices from the April 2020 procurement of capacity for default service customers at Ameren Illinois
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April 17, 2020
Finding On SOS Contracts Has, "Sweeping Consequences For The Retail-Choice States," FERC's Glick Says FERC Says Voluntary RECs Are Not A State Subsidy, But Makes No Finding On Potential Broader Capacity Market "Distortions"
FERC Also Says Voluntary REC Generators Must Ensure Purchasers Do Not Resell RECs For RPS Compliance, In Order To Receive MOPR Exemption
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April 17, 2020
Alternatively Suggests Five-Year Full Requirements Default Service Product Retail Suppliers Oppose Capacity-Price Pass-Through For Default Service As Undue Preference
Retail Suppliers Suggest PUC Embrace Secondary Market For Capacity -- Encourage Transactions Between "Willing Buyers And Sellers", Rather Than Relying Entirely On The PJM RPM
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April 15, 2020
Michigan DTE/Consumers Zone Capacity Price Spikes To Over $250/MW-day
The Midcontinent ISO has released pricing from its capacity auction for the 2020-21 delivery year
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April 9, 2020
Duquesne Light Company petitioned the Pennsylvania PUC for a modification of its upcoming September 2020 procurement of certain tranches of Residential and Small Commercial & Industrial (C&I) default electricity supply contracts, in recognition of an ongoing proceeding at the Federal Energy…
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April 6, 2020
Expects "Significantly Lower" Q1 Results From Other Factors
Calpine Corporation issued a news release providing a COVID-19 operational and financial update
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April 2, 2020
An Illinois Commerce Commission order maintains the design for Commonwealth Edison's electricity supply Rate RTOUPP – Residential Time of Use Pricing Pilot (TOU Pilot), for non-shopping customers, and rejected requests on rehearing to modify the recovery of capacity costs
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March 27, 2020
The Maryland electric utilities have petitioned the PSC to delay a scheduled April 2020 SOS procurement to a previously contemplated alternative date, in light of pending potential changes to the SOS product due to delays in the PJM capacity auction, and the current circumstances surrounding…
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March 27, 2020
Seeks Comments On Changes To Default Service; State Power Authority, Portfolio Manager
The New Jersey Board of Public Utilities formally initiated a proceeding, "to examine whether New Jersey can achieve its long-term clean energy and environmental objectives under the current resource adequacy procurement paradigm and, if not, recommend how best to meet New Jersey’s resource adequacy…
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March 20, 2020
An ad hoc group of stakeholders identifying itself as the "the Competitive Markets Coalition", which includes several integrated generation and retail energy supply companies as well as a representative of brokers, urged FERC to act expeditiously on a PJM minimum offer price rule (MOPR) capacity…
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March 19, 2020
FERC has denied rehearing of its prior finding that the results from the Midcontinent ISO 2015/16 Planning Resource Auction for Local Resource Zone 4 were just and reasonable
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March 16, 2020
Staff of the Public Utilities Commission of Ohio have recommended that the Commission direct the electric utilities and their auction administrators, in consultation with the Commission’s consultant, to modify the Standard Service Offer (SSO) auction products such that the capacity obligation is…
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March 13, 2020
During a stakeholder meeting yesterday, PJM proposed a schedule for the base residual capacity auctions (BRA) for 2022/2023, and later years, which have been delayed due to a FERC order
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March 5, 2020
The Electric Reliability Council of Texas (ERCOT) expects record electric use this summer and grid conditions similar to summer 2019.
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