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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…
March 7, 2014
The Texas Public Policy Foundation has released a new presentation: "Letting the Facts Speak: Texas' Reliable Electricity Market."
February 28, 2014
ERCOT's new Capacity, Demand, and Reserves report shows significant improvement in the forecast reserve margin.
February 24, 2014
"Our energy market seems to be healthy," Texas Public Utility Commissioner Brandy Marty said during Friday's open meeting, as the Commission agreed to focus on the appropriate reliability standard, rather than immediate changes to market design.
February 20, 2014
There's a lot of absurdities when trying to wade through the inconsistent and illogical arguments in favor of a Texas centralized capacity market, but the latest line being pitched by capacity market supporters may be our favorite.
February 19, 2014
The Electric Reliability Council of Texas (ERCOT) announced that it will release its next 10-year outlook on Capacity, Demand and Reserves (CDR) on February 28.
February 14, 2014
Ohio Denies Nonbypassable Capacity Charge Sought by Duke
February 12, 2014
A proposed decision from the California PUC would authorize two utilities to procure generation to meet local capacity requirements, with recovery authorized through the nonbypassable Cost Allocation Mechanism.
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.
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.
February 10, 2014
Exelon's strategy to match load to generation, "really has played out well" during the extreme January weather, executives said during a Thursday earnings call, in a perfect example of how capacity markets provide asset-owning retail suppliers with an unfair competitive advantage.
February 7, 2014
"It is clear that Exelon and other competitive generators are not fairly compensated for their reliable generation," in PJM, Exelon CEO Christopher Crane said during an earnings call yesterday.
February 6, 2014
The California PUC yesterday voted to open a new rulemaking on a multi-year resource adequacy requirement for load serving entities.
February 6, 2014
Given the recent results of the Brattle economically optimal reserve margin study, Texas Public Utility Commissioner Kenneth Anderson has recommended that the Commission study the appropriate reliability standard (1-in-10 year loss of load event or alternative) prior to instituting a comparison of…
February 6, 2014
"[V]olatile electricity costs in the PJM market continue to pressure the earnings of our retail energy-marketing business," WGL Holdings said in reporting earnings for the quarter ending December 31, 2013 (first fiscal quarter).
February 5, 2014
ISO New England's capacity auction to procure capacity to meet a mandated reserve margin resulted in a shortfall of resources for the 2017–2018 year, the ISO said.
February 3, 2014
"[T]he current energy-only market design will sustain a reserve margin of approximately 11.5%, which is 1.3 percentage points above the risk-neutral, economically optimum level of approximately 10.2%," The Brattle Group said in a report on the economically optimal reserve margin prepared for the…
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.
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…
January 30, 2014
A California proposed decision would clarify how utilities are to exclude forecast direct access and community choice aggregation load from their procurement plans for bundled service customers.
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).
January 29, 2014
NextEra Energy Power Marketing, LLC (NEPM) has slammed PJM's "on the fly" request to allow offers in excess of the $1,000/MWh cap to set the market-clearing price, as granting PJM's request would mean that customers would, "pay billions for capacity and pay unlimited energy prices whenever energy…
January 29, 2014
NRG Power Marketing LLC and several affiliates have asked FERC to, "require NYISO [New York ISO] to submit tariff revisions to permanently eliminate the $1,000/MWh bid cap."
January 27, 2014
FERC has administratively doubled capacity prices to be paid by retail suppliers, and their customers, in ISO New England, with Commissioner Philip Moeller brazenly trying to sell customers on the "reliability benefits" of the rate shock -- at a time when 75% of ISO-NE's gas-fired generation was…
January 24, 2014
According to ISO-New England, about 75 percent of the region's natural gas electrical generation capability was not running Thursday, presumably due to limited gas supply and/or high prices, Public Service Company of New Hampshire said in a news release yesterday.
