February 12, 2021
Capacity Auction Clearing Prices Higher For 2024-25 Term Across ISO-NE; Double In Southeast New England Zone
ISO New England released preliminary clearing prices for its Forward Capacity Market (FCA 15) for the 2024-25 term.
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February 5, 2021
Utility Seeks To Drop 24, 36-Month Contracts From Upcoming Default Service Auction
The Dayton Power and Light Company ('DP&L' or the 'Company') requested that the Public Utilities Commission of Ohio ('PUCO' or 'Commission') issue an order authorizing DP&L to conduct a competitive auction in March 2021 solely for a 12-month supply for its standard service offer ('SSO') customers…
February 1, 2021
PJM To Hold Series Of Workshops On Capacity Market Design, Enhancements
PJM announced that it will host a set of workshop sessions, "to discuss potential capacity market enhancement."
January 14, 2021
Pa. PUC Approves Use Of Capacity Proxy Price For Duquesne Light Default Service Auction
The Pennsylvania PUC approved, without modification, the petition of Duquesne Light Company to modify its supplier master agreement to implement use of capacity proxy price (CPP) in its upcoming March 2021 procurement of default supply contracts
January 11, 2021
PJM States Propose Four Core Principles For PJM Markets, Resource Adequacy
The Organization of PJM States, Inc. (OPSI) wrote to PJM's board of managers with a recommendation for "four core principles" concerning resource adequacy and the PJM markets
January 11, 2021
NRG To Pay $85,000 Under Settlement Approved By FERC; Chair Danly Says NRG Did Not Violate Tariff Or FERC Regulation
FERC, in a 2-1 vote, approved a Stipulation and Consent Agreement (Agreement) between its Office of Enforcement (Enforcement) and NRG Power Marketing LLC (collectively, the Parties) to resolve Enforcement’s investigation into whether NRG Power Marketing LLC violated the ISO New England Inc. (ISO-NE)…
December 16, 2020
ERCOT CDR Shows 2021 Reserve Margin Exceeding 15%, Reaching 27% In 2022
ERCOT today released its December Capacity, Demand and Reserves (CDR) report and said that, "New generation resources, including a significant amount of utility-scale solar, continue to be added to the ERCOT region at a rapid pace, resulting in higher planning reserve margins over the next several…
December 11, 2020
Energy Management Firm Announces Growth As Leading Demand Response Provider At ISO
Rodan Energy announced that Ontario's IESO released the results of its Summer Capacity Auction, awarding almost 250 MW of Ontario capacity to Rodan Energy Solutions
December 4, 2020
Duquesne Light Seeks To Implement Capacity Proxy Price In Default Service Auction (Had Previously Addressed Capacity Price Uncertainty Via Shortened Term Lengths)
Duquesne Light Company petitioned the Pennsylvania PUC to modify its supplier master agreement to implement use of capacity proxy price (CPP) in its upcoming March 2021 procurement of default supply contracts
December 2, 2020
Draft Report Estimates ERCOT Market Equilibrium Reserve Margin As 12.25%; Higher Than 11% Economically Optimal Level
A draft report prepared by a consultant for ERCOT estimates a market equilibrium reserve margin of 12.25% under projected 2024 market conditions
November 30, 2020
New York DPS Staff Proposes Requiring Utility To Verify That ESCOs Serving Non-Core Customers Have Firm Primary Point Capacity To The City Gates
Would Identify "Bad Actors" Improperly Using Resources Held For Core Customers, Staff Says
Staff of the New York Department of Public Service have recommended in testimony in a Niagara Mohawk (NiMo, NMPC, or National Grid) rate case that NiMo, "be required to implement a process to verify that direct non-core customers or the ESCO’s or marketers serving non-core customers have firm…
November 25, 2020
PJM Reports Some LSEs May Have Been Charged Based On Incorrect PLCs In Ohio Zone, Back To Jan. 2019
PJM said in a market notice that, "It has come to our attention that certain Load Serving Entities may have been charged and credited based on incorrect peak load contribution values supplied by Duke going back to January 2019."
November 17, 2020
PJM Staff Propose New Schedule To Resume Capacity Auctions, Some Additional Delivery Years Would See Auction Delayed From Typical May Date
PJM has posted a staff presentation for the November 19 Markets and Reliability Committee concerning updates to the PJM capacity market Base Residual Auction and incremental auctions, now that FERC has issued orders in all necessary proceedings to resume the auctions
November 17, 2020
New Jersey BPU Petitions FERC To "Vacate" Footnote Related to Default Service In MOPR Order
The New Jersey BPU has petitioned FERC to vacate a footnote in FERC's recent order on the Minimum Offer Price Rule which discussed the potential exemption (or lack thereof) of the New Jersey's BGS default service auction from the MOPR, as the BPU called the footnote, "non-binding dicta," that…
November 10, 2020
Parent Of Retail Supplier (Integrated Generator) Developing 1 GW Of Renewables, Storage
Talen Energy Corp. ("Talen") today announced that it has committed to a "strategic repositioning" of its power generation fleet that will eliminate the use of coal at all Talen wholly-owned facilities.
October 30, 2020
PJM Discusses Interpretation Of FERC MOPR Order & Impact On State Default Service Auctions
During a Markets & Reliability Committee meeting, PJM staff provided an update on implementation of FERC's recent Minimum Offer Price Rule order, and, in particular, its applicability to state default service auctions for electricity supply
October 16, 2020
Commentary: FERC Doesn't Understand How Default Service Auctions Work (MOPR/Default Service Order)
Contrary To Spin, FERC Hasn't Found Any Current SOS Auctions To Be Exempt From MOPR; Glick Suggests Any Full Requirements SOS Auction With RPS Obligation May Trigger MOPR
October 15, 2020
Glick: New FERC PJM MOPR Order Footnote Suggests That Default Service Auctions Are Subject To MOPR If They Take Into Account State RPS Targets
FERC adopted an order on rehearing and compliance regarding a PJM plan to implement a revised minimum offer price rule (MOPR) in the capacity market
October 12, 2020
Updated: PUC Grants Extension For EDCs To File Plans For Simultaneous Dual Auctions For Default Service
(Earlier): Ohio Utilities Seek Extension In Deadline For Filing Plans For Simultaneous Dual Auctions For Default Service (Full Requirements Auction Versus Separate Energy Plus Capacity Hedge Procurement)
October 9, 2020
Updated: PUC Grants Extension For EDCs To File Plans For Simultaneous Dual Auctions For Default Service
(Earlier): Ohio Utilities Seek Extension In Deadline For Filing Plans For Simultaneous Dual Auctions For Default Service (Full Requirements Auction Versus Separate Energy Plus Capacity Hedge Procurement)
October 8, 2020
Pennsylvania PUC Approves Use Of Non-Zero Proxy Capacity Price In Upcoming Default Service Auctions At FirstEnergy EDCs
The Pennsylvania PUC approved a petition from Metropolitan Edison Company, Pennsylvania Electric Company, Pennsylvania Power Company, and West Penn Power Company (collectively the FirstEnergy EDCs, FirstEnergy, or the Companies) for approval to modify the FirstEnergy Supplier Master Agreement (SMA)…
September 3, 2020
Pennsylvania PUC Asks EDCs About Alternatives To Proposed Use Of Proxy Capacity Price In Upcoming Default Service Auctions
The Pennsylvania PUC has directed the FirstEnergy electric distribution companies to discuss any other alternatives considered, other than the EDCs' proposed use of a proxy price for capacity, to be used in upcoming full requirements default service auctions for delivery periods for which a PJM Base…
September 3, 2020
ERCOT Seasonal Assessments Show Sufficient Generation For Fall And Winter
The Electric Reliability Council of Texas (ERCOT) anticipates there will be sufficient installed generating capacity available to serve system-wide forecasted peak demand this fall and winter.
August 21, 2020
Illinois Governor's Proposal For State's Energy Sector Includes Specific Provision Impacting Retail Suppliers
Also Favors "Market-Based" Approach To Addressing Carbon Instead Of Fixed Resource Requirement
Illinois Governor JB Pritzker today announced, "eight principles that will serve as a foundation to begin transitioning Illinois to a clean energy economy."
August 18, 2020
Ohio Utility Says PUCO's "Dual Auctions" For Default Service Capacity, Energy Impermissibly Preclude Utility From Its Statutory Options To Consider Generation, Bilateral Contracts
Various parties filed for rehearing of the Public Utilities Commission of Ohio's recent order requiring the utilities to submit plans to conduct simultaneous dual auctions for Standard Service Offer (SSO) supplies.