April 15, 2015
Boom: Huge Increase in Capacity Costs Set For Retail Suppliers At Ameren
The Midcontinent ISO capacity auction for the 2015-16 compliance year resulted in a Zone 4 (Illinois, including Ameren) clearing price of $150.00/MW-day.
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April 8, 2015
PJM Seeks Delay in Upcoming Base Residual Auction For Capacity
Citing uncertainty at FERC, PJM has requested authorization to delay its upcoming Base Residual Auction for capacity, otherwise scheduled for May, to no later than the week of August 10-14, 2015.
April 6, 2015
Higher New York Capacity Prices Persist For Summer 2015
The New York ISO summer 2015 strip capacity auction produced only marginally lower prices versus the spikes seen in last year's auction.
April 2, 2015
FERC Rejects PJM "Stop Gap" Demand Response Proposal
FERC has rejected as "premature" PJM's "stop gap" demand response proposal intended to address demand response in the capacity market should the Supreme Court ultimately determine the decision in EPSA that FERC lacks jurisdiction to set compensation for demand response
April 1, 2015
FERC Staff Calls PJM Capacity Performance Proposal Deficient, Directs Further Filings
FERC Staff called PJM's filing of its capacity performance proposal "deficient" and directed PJM to respond to a series of questions.
March 30, 2015
NRG Energy Seeks OK To Purchase Peaking Units, Relocate to Texas
NRG Energy, Inc. has filed for approval from the Public Utility Commission of Texas of the proposed purchase by NRG to acquire all of the issued and outstanding membership interests in PHR Holdings LLC ("PHR") from BTEC New Albany LL, which currently owns 100% of the membership interests in PHR
March 19, 2015
Utility Proposes Mandatory Transfer of Demand Response Obligation, Payments Among Retail Suppliers, DR Providers In Light of PJM Stop-Gap Proposal
Baltimore Gas & Electric has asked the Maryland PSC to address various issues related to PJM's stop-gap proposal related to reflecting the impact of demand response in the capacity market if courts uphold that demand response cannot be compensated through the capacity market due to a lack of FERC…
March 18, 2015
Texas Staff Updates Estimate of ERCOT Capacity Used for Small Fish Swim Free Rule
Staff of the Public Utility Commission of Texas have filed an updated estimate of installed generation capacity in ERCOT for March 2015.
March 16, 2015
Michigan Gov. Snyder Would Maintain Electric Choice Under Current Limit, If Suppliers Can Show Resource Adequacy Five Years Out
In an address outlining Michigan's energy policy, Gov. Rick Snyder said that the state does not need to eliminate the current provision for retail access, if retail suppliers can demonstrate that they are assuring reliability for their customers.
March 10, 2015
Other Foot: Retail Supplier Says Filed Rate Doctrine Prevents PJM's Proposed Capacity Performance "Transition" Mechanism
PJM relied on the filed rate doctrine in opposing Champion Energy's request for a refund of what Champion said were unjust and unreasonable uplift charges during the polar vortex, but now it is retail suppliers who say PJM is ignoring the filed rate doctrine in seeking to impose a capacity…
February 24, 2015
N.Y. Utilities File Tariff to Procure Demand Response At $500/MWh Plus Capacity Clearing Price If NYISO Programs Barred By Court
The six investor-owned New York electric distribution companies have petitioned the New York PSC to approve a utility-offered demand response program to the extent the U.S. Supreme Court rules that FERC (via the RTOs) cannot set compensation for demand response.
February 23, 2015
FERC Allows PJM to Retain Capacity Otherwise Due To Be Released, But Rejects (Without Prejudice) Additional Non-RPM Capacity Procurements
FERC approved PJM's request to retain 2,000 MW of capacity that would otherwise be released under the RPM incremental project, but denied a separate request from PJM for authorization to enter into contracts for capacity for reliability purposes outside of the centralized capacity market.
February 19, 2015
Maine Sets New Standard Offer Rates
The Maine PUC has set the Standard Offer rates for the large non-residential classes at Central Maine Power and Bangor Hydro-Electric for the month of March 2015.
February 17, 2015
DTE Exec: Nobody Planning Capacity to Serve Retail Choice Customers
During an earnings call last week, DTE Energy CEO Gerard Anderson said that "nobody" is planning capacity required to fill projected shortfalls which Anderson said aligns with the amount of retail access load.
February 5, 2015
ISO New England Capacity Auction Results in Shortfall for New Zone, Record $4 Billion Price Tag
ISO New England's forward capacity auction for the 2018/19 delivery year resulted in a shortfall of resources for the new Southeast Massachusetts/Rhode Island (SEMA/RI) zone.
February 4, 2015
Michigan PSC Cites "Concern" Over Assuring Resource Adequacy in Customer Choice Environment
In its annual report on retail open access electricity service (click here for related story today) , the PSC expressed "concern" over assuring resource adequacy in a retail choice environment.
February 2, 2015
FERC Dismisses Generators' Petition to Eliminate Clawback in Capacity Market
FERC has dismissed a complaint from the New England Power Generators Association that had asked FERC to eliminate the Peak Energy Rent (PER) Adjustment in the ISO New England market, and to adjust the mechanism for capacity periods for which auctions have already been run.
January 30, 2015
Consumers Energy CEO: Upper Peninsula Shocks Leading to Questioning of "Hybrid" Michigan Electric Market
The rate shocks seen by Upper Peninsula customers in Michigan from a RMR-type contract, which prompted a deal brokered by the state that will see Cliffs Natural Resources end competitive supply service (click here) , "is causing a lot of people to question this hybrid market that we have here in…
January 22, 2015
Retail Suppliers: "No Rational Way" To Develop Retail Rates Under PJM's New Capacity Allocation Design
PJM's proposal to assign capacity obligations to load based on days other than the summer peak leaves load serving entities, such as retail suppliers, with "no rational way" to develop retail prices for load, retail suppliers said at FERC.
January 21, 2015
Brilliantly Simple: Pa. PUC Shows Fatal Flaw to PJM Transitional Capacity Performance Proposal
The Pennsylvania PUC has levied a simple but brilliant criticism at PJM's proposal for a transition to its capacity performance product which illustrates the futility of paying billions in additional capacity costs for a limited amount of the new capacity performance product alongside existing…
January 21, 2015
Load Coalition: PJM's Capacity Performance Transition Essentially a Bailout for Generators Who Have "Seller's Remorse" Over Existing Capacity Prices
Given that no improvement in generator performance is evident from PJM's proposed transition mechanism for its sought new capacity performance capacity market construct, a coalition of retail suppliers, wholesale power markets, cooperatives, industrial customers, and state regulators (the Transition…
January 21, 2015
Direct Energy Warns of "Political Consequences" From PJM Transitional Capacity Performance Mechanism (State Lawmaker Retreat from Markets)
The disruption of existing capacity procurements and prices ( more fully described in our related story today, click here ) under PJM's transitional capacity performance proposal, "may have unintended political consequences at the state level," and jeopardize state policymakers' acceptance of…
January 19, 2015
FERC Makes Capacity Commitments Meaningless, Says PJM Offer Cap Unjust And Unreasonable For "Winter Months" in Adopting Higher Cap
Ignoring capacity owners' forward commitments to provide energy under the current $1,000 offer cap, FERC has ruled that PJM's current offer cap is unjust and unreasonable for the, "winter months."
December 22, 2014
Proposed Decision Finds Requiring Capacity Release at Detroit Edison Is, "Reasonable," But Would Defer Issue to Collaborative
Requiring DTE Gas (f/k/a Detroit Edison) to release capacity to retail suppliers is the, "only economically reasonable long-term solution," to provide for the equitable allocation of pipeline reservation costs, a Michigan ALJ would find in a proposed decision, but the ALJ would decline to mandate a…
December 19, 2014
FERC Orders Additional Mitigation Measures for PPL Energy Supply-Riverstone Combination
FERC has ordered additional mitigation in approving a multi-step transaction under which PPL Energy Supply, LLC and RJS Power Holdings LLC are to combine to form Talen Energy