June 6, 2014
Another State Regulator Seeks Offer Data from Latest PJM Capacity Auction
PJM has received a request for confidential information from the Public Utilities Commission of Ohio regarding the 2017/2018 Reliability Pricing Model BRA.
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June 4, 2014
State Regulator Seeks Offer Data from Latest PJM Capacity Auction
PJM has received a request for confidential information from the New Jersey Board of Public Utilities: specifically, offer data from the latest RPM Base Residual Auction.
May 28, 2014
Retail Suppliers Slam Generator's Bid to Recover Costs Not Allowed Under PJM Tariff
The Retail Energy Supply Association has slammed a petition from Duke Energy to recover from PJM load about $10 million in unrecovered costs associated with procuring fuel for potential dispatch during January's cold weather.
May 28, 2014
Exelon Says Three Nukes Did Not Clear PJM Capacity Auction
Exelon said in an 8-K yesterday that three Exelon Generation Company, LLC nuclear units located in PJM -- Byron and Quad Cities in Illinois and Oyster Creek in New Jersey -- did not clear the 2017/18 PJM Base Residual Auction.
May 27, 2014
Generator Immediately Seeks to Apply Court Ruling on Demand Response to Capacity Market
FirstEnergy Service Company filed a complaint at FERC requesting that the Commission issue an order requiring the removal of all portions of the PJM tariff allowing or requiring PJM to include demand response as suppliers to PJM's capacity markets, with a refund effective date of May 23, 2014
May 27, 2014
Backbreaking: Capacity Prices Double in Latest PJM Auction
Rest of RTO capacity prices in PJM increased by 100% in PJM's 2017/18 Base Residual Auction.
May 21, 2014
Ohio Staff Recommend Changes to AEP Ohio Default Service Plan to Address 'Rate Volatility', Add 36-Month Contracts
Staff of the Public Utilities Commission of Ohio have proposed changes to the procurement of default service under AEP Ohio's proposed electric security plan covering the period starting June 1, 2015 to address "potential rate volatility."
May 19, 2014
Preliminary PJM Staff Recommendation Would Allow Generators to Earn Energy Market Windfalls Without Depressing Capacity Price
Under a preliminary PJM Staff recommendation concerning "reforms" to the capacity market, PJM would allow generators to earn windfall energy market revenues without such revenues being used to offset the compensation required from the capacity market.
May 16, 2014
Pennsylvania Small Business Advocate Seeks PUC Order Prohibiting FirstEnergy Solutions from Collecting Ancillaries As Pass-Through on Fixed Contracts
The Pennsylvania Office of the Small Business Advocate has filed at the Pennsylvania PUC a new petition for a declaratory order requesting that the Commission issue an order declaring that FirstEnergy Solutions, "is not permitted to recover the costs billed to it by PJM for ancillary services costs…
May 12, 2014
FERC Rejects PJM Changes Designed to Increase Capacity Prices By Limiting Incremental Auction Participation
FERC has rejected as unjust and unreasonable a series of changes proposed by PJM which would have had the effect of increasing capacity prices.
May 6, 2014
Duke Seeks Payment of Unrecovered Costs for Units With Capacity Obligation That Were Directed To Be Available
Duke Energy filed a complaint at FERC seeking $9.8 million in unrecovered costs which is said resulted from following PJM directives for certain of its merchant units to be available, but which were not dispatched.
May 2, 2014
Merchant Generator in PJM Over-Collected Cost-Based Revenues
PSEG reported yesterday in releasing earnings that its PSEG Power merchant generation business, "has discovered that it incorrectly calculated certain components of its cost-based bids for certain generating units in the PJM energy market, with resulting over-collection of revenues related to its…
April 28, 2014
AEP Sees Opportunity for Long-Term Contracts to Serve Ohio Load, Touts SSO Savings Versus PJM
AEP sees an opportunity for long-term contracts to provide rate stability to Ohio customers while supporting existing generation.
April 10, 2014
Broker Warns "Huge Increase" in Electric Rates Looming for Small Businesses (Capacity Charge)
The Council of Smaller Enterprises (COSE), a Northeast-Ohio small business association, warned small businesses about, "alarming increases projected in electricity cost."
April 10, 2014
Ohio Opens Investigation Regarding Permissibility of Pass-Throughs of RTO Charges on Fixed Contracts, Percent-Off SSO Contracts
The Public Utilities Commission of Ohio opened an investigation, "to determine whether it is unfair, misleading, deceptive, or unconscionable to market contracts as fixed-rate contracts or as variable contracts with a guaranteed percent off the SSO rate when the contracts include pass-through…
April 9, 2014
Laughable: FirstEnergy Exec Complains of "Government Interference" in Electric Business; Reaps Massive Capacity Subsidies
Addressing the U.S. Chamber of Commerce, FirstEnergy Corp. CEO Anthony Alexander complained yesterday of "intrusive and disruptive" government interference in the electric markets.
April 4, 2014
Wholesale Market Inefficiencies To Be Focus of National Energy Marketers Association Restructuring Conference
The National Energy Marketers Association annual restructuring conference , to be held April 30-May 1, will include a focus on recent wholesale market issues and inefficiencies.
April 1, 2014
Generators Zero-In on Problem of Polar Vortex -- Prices Were Too Low!
If you're a retail supplier whose livelihood is under attack because of uncompetitive pricing in the broken wholesale electric market, here's some salt for that wound.
March 17, 2014
PJM 'Statement' on Winter 2014 Cold Weather Events
PJM issued the following "statement" on the winter 2014 cold weather events to members on Friday:
March 17, 2014
Reality: Merchant Generators Don't Care If Retail Choice Dies
If you're an independent retail supplier, and particularly one which started after the 2005-07 bloodbath in the retail market, you need to understand one thing, if it's not already apparent: the leading advocates of "competitive" markets -- meaning non-price-regulated generators, most of whom own…
March 12, 2014
Bleed Customers Dry: State Regulators Say PJM Generators Seeking to Recover Inflated Costs Not Actually Experienced Under FERC Waiver Make-Whole Payments
Generators in PJM may be exploiting the make-whole payments granted to capacity owners by FERC, allowing cost recovery above the $1,000/MWh price cap, by, "requesting recovery of natural gas 'costs' that they did not in fact experience, but rather which represent simply a published 'spot' cost of…
March 11, 2014
Priorities: PJM Files Tariff Changes to Curb Price-Dampening 'Speculation' in Capacity Market; Ignores Actual Failures By 'Physical' Resources (See 40% Forced Outage Rate)
Not that we needed more evidence that the PJM capacity market is designed to inflate wealth transfers to incumbent asset owners, but PJM's latest filing to reform the Reliability Pricing Model to curb alleged "speculation" (behavior which has the effect of reducing consumer prices) is simply another…
March 7, 2014
PJM Provides Pennsylvania PUC With Info on Generation Outages
PJM has provided the Pennsylvania PUC with information on generation facility outages during the cold weather event of January 6-8.
March 5, 2014
Pennsylvania PUC "Investigating" Causes of "Anomalous" Wholesale Market Charges, Forced Outages in January
The Pennsylvania PUC will be "investigating" the causes of anomalous PJM wholesale market charges experienced in January.
February 24, 2014
Retail Supplier Says Default Resulted from Load Calculation Error; Says Will Cease Efforts to Return to Most Markets
In a written statement to Connecticut regulators, People's Power & Gas, LLC said that its recent default at PJM resulted from a "load calculation error."