December 17, 2014
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 January 2015.
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December 16, 2014
Dayton Power & Light CEO: Ratepayer-Backed PPAs "Key Component" in Maintaining "Reliable" Ohio Generation
Dayton Power & Light CEO Derek Porter has filed a letter with the Public Utilities Commission of Ohio arguing that ratepayer-backed power purchase agreements, such as those proposed by the FirstEnergy utilities, are a, "key component to allowing reliable coal generation to continue operating and…
December 15, 2014
PJM Proposes Changes to the Load Serving Entity Capacity Obligation Allocation As Part of Performance Proposal
PJM is seeking to modify how it allocates the responsibility for capacity charges to load serving entities as part of its capacity performance proposal
December 12, 2014
Texas Staff File Reserve Margin Analysis
Staff of the Public Utility Commission of Texas have filed a reserve margin analysis as part of the review of the reliability standard in the ERCOT region.
December 9, 2014
PSNH: Compelling Divestiture of Utility-Owned Plants May Allow Purchaser to Withhold Such Generation from Capacity Market
Public Service Company of New Hampshire raised the specter of a purchaser of its generating plants, should the PUC compel a divestiture, using the purchase to remove the PSNH plants from the ISO New England capacity market to drive up prices, citing the recent controversy over the removal of the…
December 5, 2014
Michigan PSC Expands Retail Supplier, Utility Resource Adequacy Horizon Due To "Expected Shortfall"
The Michigan PSC has directed the state's utilities and retail suppliers to file assessments of their abilities to meet their customers' expected electric requirements for the years 2015 through 2019.
December 4, 2014
PJM Revises Transition Period in Final Capacity Performance Design To Be Filed With FERC, Will Rely on RMR-Type Contracts in Short-Term
PJM informed stakeholders that its board has authorized the filing of a capacity performance proposal with FERC, though the Board has made several changes to the PJM Staff's proposal, including revisions to the transition period.
December 2, 2014
ERCOT CDR Shows Sufficient Reserve Margin Through 2018
ERCOT's latest Capacity, Demand and Reserves (CDR) report shows that reserve margins are expected to exceed 15 percent through 2018.
December 1, 2014
Trash Day: FERC Dumps Capacity Order Raising Costs for PJM Load by $2 Billion Annually on Black Friday
FERC on November 28 approved most of PJM's sought revisions to the PJM capacity market variable resource requirement (VRR) curve and related revisions sought under the triennial review process, adopting changes which lead to gold-plating of the reliability target and which load interests have said…
November 26, 2014
FERC Orders Report on Potential Changes to NYISO Zone K Capacity Rules
FERC has ordered the New York ISO to conduct a stakeholder process to review whether Zone K should be modeled as an export-constrained zone in its capacity market.
November 24, 2014
New Jersey to Allow Default Service Supplier to Pass-Through New PJM Capacity Costs to Protect "Integrity" of BGS Auction
The New Jersey BPU will allow Basic Generation Service (BGS) suppliers to pass-through incremental costs associated with PJM's enhanced capacity proposal.
November 21, 2014
FERC "Encourage[s]" RTOs to Examine Energy Market Rule Changes (Greater Scarcity Pricing) to Provide Fuel Assurance
Capacity markets, Texas policymakers were told, provide a net benefit to customers because they eliminate unpredictable and volatile instances of excessive scarcity pricing in the energy market that customers cannot stomach, and therefore the billions provided in capacity subsidies result in lower…
November 4, 2014
FERC Issues Formal Notice of Investigation into New England Generator Over Capacity Payments, Make-Whole Payments
FERC issued a formal notice stating that, "in a nonpublic investigation pursuant to 18 C.F.R. Part 1b, the staff of the Office of Enforcement (Enforcement) of the Federal Energy Regulatory Commission has preliminarily determined that Maxim Power Corporation (Maxim) engaged in three schemes in…
November 3, 2014
After Seven Years, FERC Eliminates "Windfall" Adder Payments to Mitigated Units (Adder Reflects Costs Already Paid in Capacity Market)
FERC approved without modification a series of tariff revisions filed by PJM to revise PJM's rules related to offer price adders ("FMU adders") for generation units that are frequently offer capped, referred to as Frequently Mitigated Units.
October 30, 2014
Retail Suppliers: PJM Using "Express Lane" to Impose Billions of New Capacity Costs on Consumers, Provide $2 Billion Windfall to Existing Resources
PJM is taking an "express lane" to impose billions of new capacity costs on consumers under its flawed capacity performance and transition mechanism, several retail suppliers, public power utilities, state regulators, and industrial customers (the transition coalition) said in comments to the PJM…
October 27, 2014
Most Maryland Residential/Type I SOS Products See Only One Bidder
The vast majority of mass market SOS products available in the October 2014 Maryland SOS procurement saw only one bidder compete to serve such load, according to a report from the procurement consultant.
October 24, 2014
PJM, IMM Estimate Capacity Performance Transition Costs To Be Up To $4 Billion Annually
Incremental capacity costs to load serving entities from a transition to PJM's proposed capacity performance product in the three years for which a base residual auction has already been held are estimated to be as high as $4 billion annually, PJM and the Independent Market Monitor said in a joint…
October 23, 2014
Pa. PUC: FirstEnergy Interpretation of Court's "EPSA" (Order 745) Decision Also Means FERC Lacks Authority to Create, Compel PJM Capacity Market
The legal reasoning used by FirstEnergy in a FERC complaint that seeks to eliminate demand response from participation in the capacity market would also mean that FERC lacks jurisdiction to create and compel participation in capacity markets, the Pennsylvania PUC said in a protest of FirstEnergy's…
October 23, 2014
Direct Energy: Granting FirstEnergy Complaint on Demand Response Participation in Already Run Capacity Auction Would Result In "Windfall" for Existing Generators
Granting a complaint from FirstEnergy which seeks to exclude demand response from participation in the PJM capacity market, including re-running, without demand response, the already cleared May 2014 capacity auction, "would create a windfall for existing generators," Direct Energy said in a protest…
October 23, 2014
Uncertainty in PJM Capacity Market "Scaring Away" Participation in Maryland SOS Auction, State Likely First to See Declining Competition for SOS Bids
At a hearing today reviewing SOS procurement results, the Maryland PSC will hear that uncertainty caused by potential changes to PJM's capacity market -- and the allocation of unknown transition costs to load serving entities -- has "scared away" bidders in Maryland's October SOS procurement for SOS…
October 23, 2014
PUC Commish: Retail Suppliers' Businesses "In Jeopardy" In Pennsylvania From Flawed Wholesale Market Design
-- Flawed Wholesale Market Cost Retail Market The Chance to End Utility-Offered Default Service
Retail energy suppliers' businesses in Pennsylvania are in jeopardy due to the flawed wholesale market design, including the capacity market, should the state experience another winter like last year's polar vortex, PUC Commissioner James Cawley told the National Energy Marketers Association's…
October 14, 2014
N.Y. to Examine Whether California-Style Bilateral Contracts Are a Feasible Alternative to Current Capacity Market
The New York PSC has issued an agenda for its November 5 joint technical conference with FERC concerning the New York ISO capacity market.
October 8, 2014
PJM 'Road Map' Would Rely On "Wholesale" Demand Response to Continue Demand Response Participation in Capacity Market, In Light of Court Order
PJM has issued a "road map" for how demand response could be treated in light of an appeals court holding that demand response compensation, in the energy market, is a "retail" matter and outside of FERC's purview.
September 30, 2014
Illinois Power Agency Files Default Service Procurement Plan for Period Beginning 2015-16
The Illinois Power Agency has filed its default service procurement plan for the five-year period beginning with the 2015-16 delivery year.
September 30, 2014
Exelon to Build Nearly 2,000 MW of Capacity to ERCOT Energy-Only Market
Exelon Generation announced that it is planning on adding nearly 2,000 MW of new generation in ERCOT's energy-only market.