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January 23, 2014
Texas Agriculture Commissioner Todd Staples, Republican candidate for Lieutenant Governor, has asked the Public Utility Commission of Texas to reject, "a traditional 'capacity market' system," for the following reasons:
January 23, 2014
"PJM's capacity auctions, which are intended to provide support for competitive generators, do not, and instead have delivered unpredictable and inadequate results," FirstEnergy Corp. CEO Anthony Alexander said during an investor call yesterday.
January 23, 2014
Public Utility Commission of Texas Chair Donna Nelson has proposed retaining Brattle to conduct an "apples to apples" comparison of costs for various resource adequacy policy options before the Commission.
January 23, 2014
The New York ISO has sought FERC approval for a temporary waiver to allow it to accept offers in excess of the $1,000/MWh price cap.
January 23, 2014
ERCOT yesterday posted a preliminary load forecast using a preliminarily revised methodology, and if the new forecast peak loads are inputted into the May 2013 Capacity, Demand and Reserves report, ERCOT is forecast to have a reserve margin in excess of 16% until 2019.
January 21, 2014
"[R]eliability in New England is deteriorating as a result," of the "failure" of the current capacity market to reflect some of the most basic principles of a market -- higher-valued, higher quality goods should receive greater compensation than goods offering poor quality and poor service, ISO New…
January 21, 2014
In our related story today (click here) , Matters noted that unplanned outages in ISO New England have doubled since the introduction of a forward capacity market, and we reported some of the reasons given to the ISO for failure to perform.
January 21, 2014
"The overall rate of unplanned outages across the entire New England generating fleet has more than doubled since 2007," ISO New England said in a filing at FERC.
January 20, 2014
Direct Energy has completed the previously announced sale of three gas-fired power generation facilities in Texas to Blackstone for $685 million.
January 17, 2014
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 February 2014.
January 17, 2014
FERC has accepted a settlement which sets rates for wholesale capacity that Appalachian Power Company makes available to electric competitive service providers (CSPs) in APCo's Virginia service territory, and which also provides for a limited amount of self-supplied capacity by CSPs.
January 15, 2014
A white paper by ICF International regarding recent grid emergency conditions prompted by the polar vortex notes that forced outages in PJM as a percentage of generation were four times higher than forced outages in ERCOT.
January 14, 2014
Freedom of Choice. Self-Empowerment. Self-Determination.
January 10, 2014
Texas Public Utility Commissioners yesterday indicated that the next resource adequacy open meeting/workshop, originally contemplated for late January and then February, will now likely be held in late March.
January 9, 2014
The over-forecasting of demand in PJM's capacity market has resulted in an implied consumer cost of $5 billion for the 2013/2014 Delivery Year alone, the PJM Industrial Customer Coalition said in comments to FERC.
January 8, 2014
Market conditions in ISO New England limited a retail supplier's, "ability to meet our goal to provide you with a stable competitive electricity price," Easy Energy of Massachusetts said in a notice on its website concerning its withdrawal from the retail electric market.
January 7, 2014
It's well-established that the ERCOT energy-only market, since the introduction of retail choice, has never been forced to shed firm load due to a lack of installed capacity compared to the reserve margin (with the two rotating outage events occurring at times ERCOT has had installed capacity in…
January 6, 2014
The Texas Oil and Gas Association, "has seen increasing evidence that centralized forward capacity markets do not work as intended and never can," the group said in January 3 comments to the Public Utility Commission of Texas.
December 30, 2013
Another mythical benefit of centralized capacity markets has been discredited by recent events in ISO New England, which has now seen three retail energy suppliers default at the ISO in the past 11 months.
December 26, 2013
A report from the Texas Coalition for Affordable Power said that average electric prices in parts of Texas open to deregulation have dipped below the national average for the first time in a decade, but notes that this progress may be short-lived if new capacity mandates are imposed on customers.
December 20, 2013
The Michigan PSC has ordered electric utilities and alternative electric suppliers to submit a self-assessment of their ability to meet their customers' expected electric requirements during the three-year period of 2014 through 2016.
December 20, 2013
FERC has granted rehearing concerning the cost recovery of Providers of Last Resort in the Midwest ISO capacity market, agreeing that it erred in a prior order which allowed such POLRs to recover undefined "administrative" costs.
December 20, 2013
In outlining several long-term energy goals for the state, Michigan Governor Rick Snyder expressed concern with retail choice, noting the "challenges" presented to investment decisions from a lack of stability.
December 19, 2013
"The inability to manage the cost associated with a capacity obligation combined with the lack of demonstrative goods realized by customers in regions with such obligations should lead the Commission away from any type of capacity construct," Noble Americas Energy Solutions LLC said in comments to…
December 18, 2013
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 2014.
