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October 2, 2013
FERC accepted but suspended for a five-month period, subject to refund, and to the outcome of a technical conference and a further order, tariff revisions altering how demand response is qualified to participate in PJM's forward capacity auctions.
October 2, 2013
"What we see that has happened in PJM is a recipe for what can happen here in Texas," if a capacity market is adopted, William A. Von Hoene, Jr., Senior Executive Vice President & Chief Strategy Officer for Exelon, said in addressing the Gulf Coast Power Association.
October 2, 2013
A nonsensical opinion from a federal court appears to void state public service commissions' ability to set the prices paid to their wholesale default service providers, because "state action that regulates" within the field of "setting wholesale electric energy and capacity rates or prices" is…
September 26, 2013
The market design, and constant changes, of PJM's Reliability Pricing Model has been likened to the game of "Whack-A-Mole" by Exelon CFO and Executive Vice President Jonathan Thayer, as Thayer also warned that the market is replacing "steel in the ground" generation with new build generation that…
September 25, 2013
Republican members of the U.S. House Energy and Commerce Committee have urged FERC, in a letter to Commissioners, to ensure that, "restructured electricity markets operate pursuant to legitimate market forces and are not becoming mere administrative constructs dependent on an increasing amount of…
September 24, 2013
Texas customers filing comments yesterday at the Public Utility Commission of Texas were universal in their opposition to a mandated reserve margin.
September 24, 2013
The parent of a Texas retail electric provider, in a push for a mandated reserve margin and centralized capacity market, has said that electricity is, "an essential part of life," and therefore, "Texans expect and deserve electric service 100% of the time " (emphasis added).
September 23, 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 October.
September 20, 2013
"It is difficult to declare the [ISO New England] capacity market a success if a significant number of the resources that have been selected and compensated as capacity resources fail to perform as needed," Robert Ethier, Vice President of Market Development for ISO New England, said in comments at…
September 20, 2013
Adopting a mandated reserve margin in Texas, and the attendant mandatory capacity obligation, would be inconsistent with the vision of Governor Rick Perry's Competitiveness Council and specifically the Competitiveness Council's State Energy Plan.
September 17, 2013
Showing once again its utter indifference to realities of the retail electric market, FERC has assigned unhedgeable, out-of-market costs to load serving entities, such as retail suppliers, deeming that retail suppliers "benefit" from such costs.
September 16, 2013
Testifying before a state senate hearing, Pennsylvania PUC Chairman Robert Powelson expressed concerns with the impact on "reliability" and "jobs" from the planned closure of two FirstEnergy Generation power plants in Pennsylvania, validating concerns expressed by other state regulators who have…
September 16, 2013
The northeast RTOs are facing "disastrous" consequences if they do not reform their capacity markets, Entergy Corporation Chairman and Chief Executive Officer Leo Denault said during a Barclays conference Friday, further affirming that capacity market designs are not successful markets which assure…
September 12, 2013
A day after PJM was forced to involuntarily shed firm load due to a lack of available generation supply (click here for story) , a Texas capacity owner has said that the "long-term solution" to the challenges facing the ERCOT grid is, "some form of capacity market."
September 12, 2013
Although the superior policy was already clear for a variety of reasons, the institution of involuntary firm load shed in PJM, due in part to a lack of available generating capacity (click here for story) , provides Texas with the inescapable conclusion that requiring a mandated reserve margin to be…
September 12, 2013
In what is ultimately a failure of a mandated reserve margin to keep the lights on -- despite the billions of dollars in costs that it annually imposes on customers -- PJM was forced to direct utilities to involuntarily curtail tens of thousands of customers on Tuesday, due to "unseasonably" hot…
September 11, 2013
The Texas Public Policy Foundation released a Q&A on the Texas electricity market, providing an overview of the Texas electricity market and the current debate over, "whether Texas should abandon its world-class competitive market and move to a capacity market that would provide subsidies for…
September 11, 2013
Texas, and its energy-only market, continue to lead independent assessments as the most attractive climate for businesses, despite feigned protestations that the energy-only market and a non-mandated reserve margin make the state unattractive for businesses, as Texas has now been named the top state…
September 11, 2013
US Power Generating Company (USPG) today announced that it has entered into a definitive agreement and plan of merger with Tenaska Capital Management, LLC affiliates (TCM).
September 10, 2013
The "vast majority" of the capacity payments in the eastern RTO capacity markets, "are made to resources that are economic and will operate the same without regard to the magnitude of the capacity payment they receive," economist James F. Wilson said in comments to FERC in a proceeding reviewing the…
September 6, 2013
Implementing a "maximum" configuration of real-time energy and ancillary services co-optimization (RTEAC) in the ERCOT market would cost less than 1% of the annual projected cost of a capacity market, according to a real-time co-optimization impact assessment filed with the Public Utility Commission…
September 5, 2013
ISO New England has sought changes to the forward capacity market design because the current rules have never actually required capacity resources to meet performance obligations.
September 5, 2013
Frustrated with stakeholders that have chosen to "polarize" the Arizona Corporation Commission's investigation of retail electric choice, Commissioner Bob Burns suggested that an evidentiary hearing may be appropriate, and issued a list of supplemental questions.
September 4, 2013
The Midcontinent ISO has filed with FERC updated Cost of New Entry (CONE) values for each local resource capacity zone, for the planning year that will commence on June 1, 2014
September 4, 2013
The Electric Reliability Council of Texas (ERCOT) announced that it expects to have enough power available to serve peak demand needs this coming fall and winter, even if extreme weather or an unusually high number of forced generation outages dip into its planning reserves.
