March 14, 2022
Integrated Retail Supplier-Generator Exiting Fossil Business Through Generation Asset Sales Or Deactivations
An integrated retail supplier-generator is exiting the fossil business
PJM
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March 10, 2022
PJM Provides Update On Disposition Of Portfolio Of Energy Marketer Which Had Defaulted
PJM issued a market notice providing an update on the disposition of the portfolio of
February 3, 2022
Retail Supplier Defaults At PJM, Remedies Default
PJM issued a market notice stating that, "Standard Gas & Electric, LLC defaulted on their collateral obligations on February 2, 2022 and remedied the default on February 3, 2022."
January 18, 2022
PJM Issues Market Notice On "Significant And Unusual Congestion Patterns"
PJM and the Independent Market Monitor issued a market notice today stating, "PJM and the Independent Market Monitor (IMM) are aware of the significant and unusual congestion patterns resulting from the long-term construction outage of the Lanexa – Dunnsville 230kV line in the Dominion Virginia…
January 13, 2022
Energy Marketer Defaults At PJM
PJM in a market notice stated, "Please be advised that Hill Energy Resource & Services, LLC (the 'Defaulting Member') defaulted on its obligations to comply with a Collateral Call under PJM’s credit policies on January 11, 2022."
November 2, 2021
PJM Directs Utilities To Drop Retail Supplier's Customers To Default Service, Due To Supplier's Default
Default Prevents Contemplated Transfer Of Customers To Another Supplier Under Book Sale
Updated: Switch provided the following statement:
November 1, 2021
Retail Supplier Defaults At PJM, Remedies Default
PJM on October 28 issued a market notice stating, "Please be advised that Switch Energy, LLC defaulted on their collateral obligations on October 27, 2021 and remedied the default on October 28, 2021."
October 25, 2021
PJM To Delay Implementation Of Reserve Pricing Reforms
PJM said in an October 25 market notice that it would file a request at FERC to delay implementation of certain reforms to its market-based reserve products and Operating Reserve Demand Curves (ORDC), citing unforeseen challenges in the software development process
September 17, 2021
Two Retail Suppliers Default On Obligations At PJM; Suppliers Remediate Defaults
PJM issued a market notice on September 17 stating, "Please be advised that Powervine Energy, LLC and Great American Power, LLC defaulted on their obligations on September 15, 2021. Shortly after the payment was due, Powervine Energy, LLC and Great American Power, LLC remediated their defaults."
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…
August 12, 2021
Pennsylvania PUC Asks Further Questions On Utility Ownership Of Energy Storage, Wholesale Market Participation
The Pennsylvania PUC issued a further set of questions for stakeholder comment in its proceeding examining the utilization of storage resources as electric distribution assets
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 21, 2021
Citing Feb. ERCOT Pricing, PJM Says Administratively Limiting Prices Under Sustained Extreme Price Conditions "Could Be Helpful" To Limit Unnecessary Risk To Market Participants And Consumers
In a response to the Independent Market Monitor's state of the market report, PJM said that, "PJM believes that provisions to administratively limit prices under sustained extreme price conditions could be helpful to limit unnecessary risk to market participants and consumers."
June 18, 2021
Retail Supplier Defaults On Obligations At PJM, Quickly Remediates The Default
PJM on June 17 issued a market notice stating that, "Please be advised that Power Up Energy, LLC defaulted on its obligations on June 16, 2021. Shortly after the payment was due, Power Up Energy, LLC remediated the default."
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…
April 13, 2021
Utilities Propose Changes To Default Service Auction Dates, Product Term Lengths To Reflect Revised PJM Capacity Auction Schedule
The FirstEnergy Ohio utilities (Ohio Edison Company, The Cleveland Electric Illuminating Company, and The Toledo Edison Company) have petitioned the Public Utilities Commission of Ohio for approval of revised Standard Service Offer auction dates, tranche quantities, and product term lengths to…
March 11, 2021
Talen Energy Retail Supplier Will No Longer Pursue New Business
Talen Energy has announced that, "As part of Talen Energy’s previously-announced strategic transformation for an ESG-focused [Environmental, Social and Governance] future, the company has decided to reposition its commodity Retail business, which is primarily comprised of accounts in the PJM market…
March 11, 2021
Updated: Further Details On Number Of Customers Dropped To SOS Due To Default Of Entrust Energy East
Entrust Energy East disclosed in a filing with the Maryland PSC that as a result of its default at PJM, approximately 890 Maryland commercial customers have been returned from Entrust to standard offer service
February 28, 2021
3/1: Updated With Additional Customer Details
Retail Supplier Defaults At PJM, Customers Returned To Default Service
Ohio Power Company (AEP Ohio) informed the Public Utilities Commission of Ohio that Entrust Energy East, Inc. had been serving 877 customers (65 residential, 757 commercial, and 55 industrial) in its service area at the time of default. These customers are being moved to the Standard Service Offer
February 28, 2021
3/1: Updated With Additional Customer Details
Retail Supplier Defaults At PJM, Customers Returned To Default Service
Ohio Power Company (AEP Ohio) informed the Public Utilities Commission of Ohio that Entrust Energy East, Inc. had been serving 877 customers (65 residential, 757 commercial, and 55 industrial) in its service area at the time of default. These customers are being moved to the Standard Service Offer
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 3, 2021
Griddy Energy Takes Steps To Expand Outside Of Texas
Griddy Energy LLC, known for its real-time wholesale pricing retail electricity product in Texas, has applied for membership in PJM in the Other Supplier category