November 19, 2021
ERCOT Posts Winter Seasonal Assessment Of Resource Adequacy
ERCOT has posted the Seasonal Assessment of Resource Adequacy (SARA) Report for the Winter 2021-2022 season
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November 2, 2021
ERCOT IMM: LSE Obligation Proposal Would, "Likely Lead[] To Further Retail Market Consolidation"
In comments to the Texas PUC, the ERCOT independent market monitor said that an LSE obligation, which has been proposed as a means of attaining reliability, would likely lead to further retail market consolidation.
October 22, 2021
New Michigan Bill Would Allow Some Industrial Customers To Take Retail Choice, Regardless Of 10% Cap
A new bill, Senate Bill 0695, has been introduced in the Michigan Senate which would allow some industrial customers to take service from a competitive retail electric supplier, regardless of the status of the 10% choice cap
October 21, 2021
Texas PUC Chair Proposes LSE Obligation As Part Of ERCOT Market Reforms
Texas PUC Chairman Peter Lake proposed several key concepts that should be the "foundation" of the ERCOT market redesign process, as the PUC works to develop a blueprint for market reforms
October 1, 2021
Texas Generators Propose Three-Year Forward Reliability Requirement For Retail Providers If Conditions Triggered
Consultants retained by NRG Energy, Inc. and Exelon Corporation have filed with the Texas PUC a proposal that would impose on retail electric providers a three-year forward "reliability requirement" if certain conditions are triggered
September 17, 2021
Regulator Discloses Winning Suppliers, Prices From Default Service Procurements
The Illinois Commerce Commission approved the results of the fall 2021 procurement of block energy supplies for default service at ComEd and Ameren, as well as a capacity procurement at Ameren
September 14, 2021
PJM Seeks "Modest" Delay To 2023/2024 Base Residual Auction For Capacity
PJM filed at FERC to further delay the upcoming Base Residual Auction (BRA) for capacity for the 2023/2024 Delivery Year by a "modest" 55 days, with a new auction date of January 25, 2022, "in order to allow for the orderly administration of the next auction under the revised MSOC [Market Seller…
September 3, 2021
ERCOT Posts Final Seasonal Assessment Of Resource Adequacy For Fall 2021
ERCOT has posted the Final Seasonal Assessment of Resource Adequacy (SARA) for the Fall 2021 season.
August 9, 2021
Appeals Court Remands Alleged Capacity Market Price Manipulation Complaint To FERC; Says FERC's "Breezy" Analysis That No Manipulation Occurred Lacked Support
The U.S. Court of Appeals for the D.C. Circuit has remanded to FERC a complaint concerning the results of the 2015 Midcontinent ISO capacity auction, finding that FERC's conclusion that the outcome of the auction was just and reasonable, because the auction complied with the applicable tariff…
August 5, 2021
NRG Reports Higher Adjusted EBITDA Excluding Uri Impact, On Direct Energy Acquisition
NRG Reports Impairment Losses Due To Planned Retirement Of PJM Assets
NRG Energy reported Adjusted EBITDA, (excluding Winter Storm Uri impacts), of $656 million for the quarter ending June 30, 2021, up from $574 million a year ago.
July 19, 2021
Parent Of Retail Supplier Accelerates Closure Of Coal Plant
Vistra today announced that it will close the Zimmer Power Plant in Moscow, Ohio, by mid-2022.
July 8, 2021
PJM Board Of Managers Approves Proposal To Address Capacity Market Reform; Addresses Default Service Auctions
PJM Interconnection's Board of Managers has approved a proposal to address what PJM termed, "long-standing concerns with the Minimum Offer Price Rule (MOPR) in the PJM capacity market."
June 29, 2021
Chair Of Pennsylvania House Energy Committee: State Can Leave PJM, Create Own Capacity Market If PJM Can't "Contain" Negative Impact From Other States' Subsidies
Daryl Metcalfe, Majority Chairman of the Environmental Resources & Energy Committee of the Pennsylvania House of Representatives, said in a letter to PJM's Board and CEO that Pennsylvania can leave PJM's capacity construct and pursue a competitive capacity structure if PJM cannot "contain" the…
June 2, 2021
PJM Rest-Of-RTO BRA Capacity Price Falls By Nearly $100/MW-day For 2022-23; Locational Prices Drop Significantly As Well
PJM's base residual auction for the 2022-23 delivery year saw Rest-of-RTO and most locational prices drop significantly versus 2021-22
May 17, 2021
PJM IMM Says Creation Of D.C.-Specific Fixed Resource Requirement Would Increase Capacity Prices For D.C. Customers, Though Costs Fall Under One FRR Scenario
Analysis Prepared At Request Of D.C. PSC Chair
In response to a request from District of Columbia PSC Chairman Willie L. Phillips, the PJM Independent Market Monitor analyzed the impacts of the creation of Fixed Resource Requirement (FRR) entities in the District of Columbia (DC). FRR entities elect to not participate in the PJM Capacity Market…
May 6, 2021
ERCOT Reports Record Electric Demand Expected This Summer; Low Risk Of Emergency Conditions Based On Expected Generation Availability & Weather Conditions
ERCOT CDR Shows 2022 Reserve Margin Increasing To Nearly 29%; Exceeds 30% In Subsequent Years
The Electric Reliability Council of Texas (ERCOT) said today that it is anticipating record-breaking electric demand this summer due to expected hot and dry conditions and continued economic and population growth throughout the region.
March 29, 2021
Poll: Only 24% Of Texans Support A Fee For Reserve Electricity Capacity (54% Oppose)
The majority of Texans do not support any fees for procuring reserve electricity capacity, according to a poll conducted by Hobby School of Public Affairs at the University of Houston in the aftermath of the recent winter storm
March 25, 2021
ERCOT Releases New Seasonal Resource Adequacy Assessments Which Includes Review Of Extreme Scenarios; Identifies Low Risk For Outages
In releasing new Seasonal Assessments of Resource Adequacy (SARA), ERCOT announced today that, "Based on information provided by generation owners to the Electric Reliability Council of Texas (ERCOT), the grid operator anticipates there will be sufficient generation to meet the summer 2021 peak…
March 19, 2021
Texas Supreme Court Dismisses Interlocutory Case Over ERCOT Sovereign Immunity As Moot Due To Trial Court Rendering Final Judgment, Separate Appeal
The Supreme Court of Texas, in a 5-4 decision, has dismissed a case, brought on an interlocutory basis, concerning the question of ERCOT's sovereign immunity, as the Supreme Court found that the final judgment by a lower court rendered the interlocutory question moot, and that the proper avenue is…
March 5, 2021
Texas PUC Chair: "Capacity Market Would Not Have Helped Us" In Winter Weather Event
During today's open meeting, in response to a public comment about the recent weather event and outages, Texas PUC Chairman Arthur C. D'Andrea said that his "current view" is that, "a capacity market would not have helped us here."
March 1, 2021
Texas Retail Provider Proposes Rolling 3 Year Forward Ancillary Services Market In ERCOT
In a letter to the Texas PUC, Texas retail electric provider APG&E proposed a rolling 3 year forward Ancillary Services market administered by ERCOT
February 25, 2021
PUC Stays Requirement For Utilities To Modify Default Service Procurements To Hold "Dual Auctions" (Separate Energy & Capacity Procurements)
The Public Utilities Commission of Ohio "indefinitely" stayed a prior order that the electricity utilities shall modify their Standard Service Offer (SSO) procurement process to hold "dual auctions" due to prior uncertainty in the PJM capacity market
February 22, 2021
Texas Bill Would Add Electricity To Anti-Price Gouging Statute
Texas Bill Would Require PUC To Obtain "Emergency Reserve Power Generation Capacity"
Various bills have been filed at the Texas legislature in response to the recent weather event
February 19, 2021
FERC Vacates Footnote That Suggested NJ Default Service Auction Constituted State Subsidy To Generators, Would Be Subject To Minimum Offer Price Rule
FERC has vacated a prior footnote, in an order on the Minimum Offer Price Rule in the PJM capacity market, which had suggested that New Jersey's basic generation service (BGS) default service auction did not meet the PJM tariff exemption that holds that fuel-neutral SOS auctions do not trigger the…
February 17, 2021
Vistra: Only 1,000 MW Of Its Texas Capacity Are Not "Able" To Produce Electricity
Vistra issued a news release today stating that of the company's nearly 19,000 megawatts of Texas capacity, only approximately 1,000 megawatts are currently not able to produce electricity; however, a larger, undisclosed amount of capacity -- while "able" to produce electricity -- was not currently…