November 2, 2023
Texas PUC Designates ERCOT Winter Capacity RFP As Interim Solution Subject To PURA Cost Cap
In a vote today, the Texas PUC has designated…
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October 20, 2023
PUC Seeks Budget Strawman To Potentially Rein In ERCOT Capacity RFP
During a meeting today, Texas PUC Commissioners directed that…
October 19, 2023
Pennsylvania PUC Withdraws Rulemaking On Capacity Assignment, Other Retail Gas Market Changes
The Pennsylvania PUC has withdrawn a proposed rulemaking regarding…
September 27, 2023
PJM Board Issues Directives On Capacity Market Changes, Impact To Load
PJM's Board has issued a series of directives concerning changes to the capacity market developed through the Critical Issue Fast Path-Resource Adequacy (CIFP-RA)
September 15, 2023
PUC Staff Give Cold Shoulder To Retail Suppliers' Request To Allow Adjustment of Fixed Rates Due To Unknown PJM Capacity Costs
Staff a the Public Utilities Commission have not endorsed…
September 15, 2023
Utility Seeks Authority To Conduct Default Service Auction While New SOS Plan Pending, In Order To Avoid Later Lump Procurement
Instant Auction Would Follow Current Rules, Not Proposed Changes
A EDC Ohio has sought authority from…
August 25, 2023
Retail Suppliers Suggest To PUC Allowing Retail Suppliers To Adjust Fixed Rates In Future Periods When PJM Capacity Price Not Known At Time Of Contracting
In comments to the PUC of Ohio concerning a proposed use of a capacity proxy price in electricity default service procurements, the Retail Energy Supply Association (RESA) has suggested that PUCO should authorize retail electric providers, "to offer fixed price contracts that contain provisions…
August 24, 2023
SOS Workgroup Proposes Shifting Responsibility For Certain RTO Charges From Wholesale Suppliers To Utilities (Seeks To Reduce SOS Risk Premiums)
According to a filing from Maryland PSC Staff concerning the Maryland SOS Procurement Improvement Process group, the PIP group has recommended that, under a revised SOS full requirements service agreement, "[t]he following four line items are shifted from the sellers’ responsibility to the buyers’:
August 24, 2023
ERCOT To Conduct Further Study Of Reliability Impact From Generating Unit Suspending Operations, May Invoke RMR/Alternatives Authority
ERCOT has released a reliability analysis determination for Barney Davis LLC (B_Davis_B_DAVIG1)
July 26, 2023
PUC Seeks Comments On Staff Proposal To Modify Default Service Procurements, Product
The Public Utilities Commission of Ohio has sought stakeholder comment on a PUCO Staff proposal to modify the electricity standard service offer (SSO) procurements and auction product to include a proxy capacity price for years in which the actual PJM market capacity price has not yet been…
June 13, 2023
ERCOT Files Presentation Summarizing Preliminary Results Of Reliability Standard Study
ERCOT filed with the Texas PUC a presentation summarizing the preliminary results of ERCOT’s reliability standard study. This presentation will be presented at the June 19, 2023 Reliability and Markets Committee Meeting.
June 12, 2023
FERC Approves Delay In PJM Capacity Auctions, Sets Schedule
FERC approved PJM's tariff filing to delay the Reliability Pricing Model (RPM or capacity market) Base Residual Auction (BRA) and Incremental Auction schedules for the 2025/2026 through the 2028/2029 delivery years
May 23, 2023
Update: Texas PCM Guardrails Bill Passes House With $1 Billion Cap, Retail Market Protections (Differs From Senate)
The Texas House passed SB 7, a bill, which among other things, places certain guardrails on the performance credit mechanism (PCM)
April 21, 2023
Utility Proposes Date For Previously Delayed Default Service Auction
Duke Energy Ohio has proposed to hold in July 2023 a previously delayed auction for 30 tranches of electric SSO supplies for the 2024-2025 delivery period
April 20, 2023
Texas PUC Staff Make Recommendations On Reliability Standard, Addressing Mandate, Deliverability, Seasonality, Locationality, More
Staff of the Texas PUC have issued a memo with recommendations concerning establishment of reliability standard for the ERCOT market
April 4, 2023
Update: Texas Committee Language For "Capacity" Market Protections Against Gentailers Posted
The text of a revised committee substitute (committee report) for Texas SB2012 has been posted
April 3, 2023
Revised Substitute Texas Senate Bill Concerning REP Market Share Reported Favorably; Includes "Protections" Against Gentailers In Any PCM Market
The Texas Senate Committee on Business & Commerce has reported favorably a revised committee substitute for SB 2012
March 28, 2023
PJM To Seek Delay In Capacity Auctions, Including 2025/2026 BRA
PJM said that it will seek a delay of the upcoming capacity market auctions, including the scheduled June 2023 Base Residual Auction (BRA) for the 2025/2026 delivery year
March 13, 2023
ISO New England Reports Prices From 2026/2027 Capacity Auction
The ISO New England Forward Capacity Market (FCA 17) for the 2026-27 term cleared at a preliminary price of $2.590 per kilowatt-month (kW-month) in all zones and import interfaces except the New Brunswick interface, which cleared at $2.551 per kW-month.
February 28, 2023
Vistra Reports PJM Auction Results For 2024/2025
Vistra today reported its results from the PJM capacity auction for 2024/2025 planning year.
February 27, 2023
Capacity Prices Fall In Most Of PJM For 2024-25, DPL-South Still Sees Nearly 30% Spike
PJM has posted results from its base residual auction for capacity (BRA) under the reliability pricing model (RPM) for the 2024-25 delivery year
February 23, 2023
Constellation Notes PJM Customers Paid $58 Billion Since Capacity Performance Started; PJM Had Only 3% Reserve During Elliott Due To Non-performance, Greater Level Of Outages Vs. 2014
Constellation noted in a news release today that, "PJM customers have paid generators approximately $58 billion in capacity performance payments intended to spur generators to invest in reliability measures to prevent outages during extreme weather events," since the introduction of the capacity…
February 8, 2023
New Texas Peaker Begins Commercial Operations, Reports Offtake Agreement (Identifies Marketer)
WattBridge Energy, LLC announced today commissioning of the Mark One Generating Station in Brazoria County, Texas.
February 3, 2023
PJM Seeks To Change Rules To Give Non-Performing Capacity Sellers More Time To Pay Penalties ($1-2 Billion From Winter Storm Elliott)
Under Current Rules, Defaults From Non-Payments Of Penalties Would Not Be Socialized To All Members
PJM filed a proposal with the Federal Energy Regulatory Commission to amend PJM’s Tariff to allow the option for a Member to extend the billing schedule from three to nine months for any Non-Performance Charges that will be assessed stemming from the Performance Assessment Intervals during Winter…
January 19, 2023
Texas PUC "Adopts" Performance Credit Mechanism, Obligation For REPs; Won't Implement Immediately, Will Defer To Legislature
PUC Chair: PCM May Help Separate The "Wheat From The Chaff" Among REPs, Calls Some REPs Fly-by-Night
The Texas PUC voted to "adopt", without immediate implementation, a performance credit mechanism (PCM) for the retail market, which will require REPs to procure, through a centrally cleared mechanism, performance credits (PC)