June 21, 2024
PSC Opens Review Of Load Co-located With Generating Facilities
A PSC has initiated…
PJM
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June 12, 2024
PSC Hears SOS Suppliers' Request To Receive Supplemental Capacity Payments From Utilities Due To Change In PJM Price Resulting From Litigation
A PSC heard at its administrative meeting today…
February 19, 2024
Vistra Nears Closing Of Energy Harbor Acquisition After Receiving FERC Approval
Vistra said that it has now received approval from…
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 19, 2023
Retail Supplier Parent Commits To Divesting Nearly 400 MW Of Generation
The parent of a retail supplier has…
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…
July 17, 2023
PUC Consultant's Report Recommends Elimination Of Non-Market-Based RTO Rider, Would Instead Allocate Costs To Customers' Retail Suppliers
A report from a consultant retained by the Public Utilities Commission of Ohio has recommended the elimination of the current Non-Market-Based Services Rider (Rider NMB) at the FirstEnergy Ohio utilities, with the PJM costs currently recovered under the rider instead assigned to a customer's retail…
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 1, 2023
South Carolina Legislative Report: "Defer" Mass Market Retail Choice, Introduce Large C&I Choice and Municipal Aggregation
A report prepared by a consultant funded by the South Carolina State General Assembly under the Electricity Market Reform Measures Study Committee recommended the introduction of retail electric choice for large C&I customers, but recommended that policymakers "defer" consideration of retail choice…
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
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 17, 2023
Retail Supplier Asks State Regulator To Address UFE Settlement Issues Created By EDC's "Data Anomalies"
Energo Power & Gas LLC ('Energo') petitioned the New Jersey Board of Public Utilities ('Board' or 'BPU') to convene an expedited proceeding to address a Jersey Central Power & Light ('JCP&L') unaccounted for energy ('UFE') settlement issue.
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…
December 26, 2022
Several Regulated Utilities, Outside Of RTO, Implement Rotating Outages Due To Inadequate Electricity Supply
Duke Energy Carolinas (DEC) and Duke Energy Progress (DEP) announced, in a Dec. 24 news release, that, "the company is implementing load shedding steps that include interruptions in service," due to, "extreme cold temperatures and subsequent demand for power," and there not being enough electricity…
December 22, 2022
Market Won't Have Prices From Recently Closed 2024/25 PJM Capacity Auction For Some As PJM Seeks Rule Change Due To Offer Behavior
"Indicative" Prices To Be Posted In Jan. 2023, Final Prices To Await FERC Action On Tariff Change
PJM did not publish prices from the 2024-25 base residual auction for its capacity market, due to concerns about offer behavior in the DPL South LDA
July 25, 2022
Illinois Orders Ameren To Conduct Study Of Continued MISO Membership, If MISO A "Good Fit" For Retail Choice
The Illinois Commerce Commission ordered Ameren Illinois to conduct an analysis and study of its continued membership in the Midcontinent Independent System Operator (MISO)
June 22, 2022
Vistra Reports Quantities Cleared In PJM Capacity Auction
Vistra today reported its results from the PJM capacity auction for planning year 2023/2024.
June 21, 2022
Prices Fall In 2023-24 PJM Capacity Auction
PJM has posted results from its base residual auction for capacity (BRA) under the reliability pricing model (RPM) for the 2023-24 delivery year
April 21, 2022
CPower Announces Residential Demand Response Program In PJM, Relying On Resideo and Google Nest Devices
CPower Energy Management announced an expansion of its existing residential portfolio through…
April 20, 2022
Winning Prices In Default Service Auction Jump 60% To Over $122/MWh, Above Starting Bid Price
Commissioner Blames FERC For Exposure To Price Spike
A Public Utilities Commission has approved results from an April procurement of default service supplies at…
April 8, 2022
PJM Says Collateral Appears Sufficient To Cover Obligations Of Latest MP Which Has Defaulted
Confirms No Default Allocation Cost To Members From MP Which Defaulted Earlier This Year
PJM issued a market notice stating that…
March 24, 2022
PJM Provides Further Update On Disposition Of Portfolio Of Energy Marketer Which Had Defaulted; Discusses Whether Default Allocation Cost Is Or Is Not Likely
PJM issued a new market notice providing a further update on the disposition of the portfolio of Hill Energy Resource & Services, LLC, which defaulted at PJM in January, as previously reported
March 17, 2022
PJM Provides Further Update On Disposition Of Portfolio Of Energy Marketer Which Had Defaulted
PJM issued a new market notice providing a further update on the disposition of the portfolio of Hill Energy Resource & Services, LLC, which defaulted at PJM in January, as previously reported