February 24, 2014
Members of the Retail Energy Supply Association, "remain deeply concerned about the lack of transparency regarding January market conditions that precipitated record BOR [Balancing Operating Reserves] charges for one month," RESA said in a letter to the PJM board of managers.
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February 14, 2014
Ohio Denies Nonbypassable Capacity Charge Sought by Duke
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February 12, 2014
In yet another order which undermines the notion of competitive markets, FERC has granted PJM a waiver, on a prospective basis, to allow offers in excess of $1,000/MWh to set the locational marginal price.
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February 7, 2014
"It is clear that Exelon and other competitive generators are not fairly compensated for their reliable generation," in PJM, Exelon CEO Christopher Crane said during an earnings call yesterday.
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February 6, 2014
"[V]olatile electricity costs in the PJM market continue to pressure the earnings of our retail energy-marketing business," WGL Holdings said in reporting earnings for the quarter ending December 31, 2013 (first fiscal quarter).
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January 31, 2014
FERC accepted as filed by PJM tariff revisions for the capacity market which will now limit the amount of certain demand response resources which are procured.
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January 31, 2014
A coalition of industrial customers and consumer advocates said that granting PJM's requested waiver to allow offers in excess of $1,000/MWh to set the market-clearing LMP would compel customers to reward generators which failed to prudently hedge their variable costs of producing generation once…
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January 31, 2014
Washington Gas Energy Services, Inc. has asked FERC to deny a waiver requested by PJM to allow it to accept offers in excess of $1,000/MWh and for such offers to set the market-clearing LMP.
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January 29, 2014
NextEra Energy Power Marketing, LLC (NEPM) has slammed PJM's "on the fly" request to allow offers in excess of the $1,000/MWh cap to set the market-clearing price, as granting PJM's request would mean that customers would, "pay billions for capacity and pay unlimited energy prices whenever energy…
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January 27, 2014
PJM has requested that FERC allow it to not only accept offers in excess of the current $1,000/MWh bid cap applicable to energy, but to allow such offers to set the clearing price.
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January 23, 2014
"PJM's capacity auctions, which are intended to provide support for competitive generators, do not, and instead have delivered unpredictable and inadequate results," FirstEnergy Corp. CEO Anthony Alexander said during an investor call yesterday.
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January 17, 2014
FERC has accepted a settlement which sets rates for wholesale capacity that Appalachian Power Company makes available to electric competitive service providers (CSPs) in APCo's Virginia service territory, and which also provides for a limited amount of self-supplied capacity by CSPs.
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January 15, 2014
A white paper by ICF International regarding recent grid emergency conditions prompted by the polar vortex notes that forced outages in PJM as a percentage of generation were four times higher than forced outages in ERCOT.
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January 9, 2014
The over-forecasting of demand in PJM's capacity market has resulted in an implied consumer cost of $5 billion for the 2013/2014 Delivery Year alone, the PJM Industrial Customer Coalition said in comments to FERC.
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January 3, 2014
Behavioral mitigation measures are "needed" to address market power issues in the PJM regulation market which would arise from NRG Energy's acquisition of Edison Mission Energy, Monitoring Analytics, PJM's independent market monitor, said in updated comments to FERC.
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December 27, 2013
In seeking various changes to demand response rules and requirements at FERC, PJM reported that it yet again experienced "poor generator response" during a time when the grid was stressed.
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December 17, 2013
As the latest round of comments concerning capacity markets roll into the Public Utility Commission of Texas, it's serendipitous that FirstEnergy Solutions (FES) announced on the same day the expansion of its ultra-long-term fixed priced offer to the PECO service area, because it's an example of the…
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December 5, 2013
The Public Utilities Commission of Ohio granted AEP Ohio a waiver of its corporate separation plan to allow it to retain contractual entitlements from generating resources owned by Ohio Valley Electric Corporation (OVEC), as other owners of OVEC have not consented to the assumption of these…
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November 19, 2013
Customized Energy Solutions said yesterday that it is the first market participant to offer demand response resources the ability to participate in the PJM Interconnection Synchronous Reserve (SR) Market as "flexible" resources, which are assigned on a five minute basis versus the traditional…
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November 8, 2013
Calpine, which spent much of an earnings call pressing for a centralized capacity market as the mechanism to meet a mandated reserve margin in Texas, continues to describe new physical capacity investments clearing the PJM capacity market as "questionable" and, "unlikely to be completed."
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October 24, 2013
By Paul Ring • ring@energychoicematters.com
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October 14, 2013
Another U.S. District Court has found that state-procured capacity contracts which are offered into the Reliability Pricing Model violate federal law, but this recent decision is more narrowly tailored and does not raise (as much) issues regarding states' general ability to set wholesale rates for…
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October 9, 2013
What a difference a year (or state) makes.
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October 7, 2013
AEP Ohio has sought a waiver to its corporate separation plan from the Public Utilities Commission of Ohio to allow it to retain contractual entitlements from generating resources owned by Ohio Valley Electric Corporation (OVEC), as other owners of OVEC have not consented to the assumption of these…
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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.
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