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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.
January 8, 2014
Market conditions in ISO New England limited a retail supplier's, "ability to meet our goal to provide you with a stable competitive electricity price," Easy Energy of Massachusetts said in a notice on its website concerning its withdrawal from the retail electric market.
January 7, 2014
It's well-established that the ERCOT energy-only market, since the introduction of retail choice, has never been forced to shed firm load due to a lack of installed capacity compared to the reserve margin (with the two rotating outage events occurring at times ERCOT has had installed capacity in…
January 6, 2014
The Texas Oil and Gas Association, "has seen increasing evidence that centralized forward capacity markets do not work as intended and never can," the group said in January 3 comments to the Public Utility Commission of Texas.
December 20, 2013
The Michigan PSC has ordered electric utilities and alternative electric suppliers to submit a self-assessment of their ability to meet their customers' expected electric requirements during the three-year period of 2014 through 2016.
December 20, 2013
In outlining several long-term energy goals for the state, Michigan Governor Rick Snyder expressed concern with retail choice, noting the "challenges" presented to investment decisions from a lack of stability.
December 19, 2013
"The inability to manage the cost associated with a capacity obligation combined with the lack of demonstrative goods realized by customers in regions with such obligations should lead the Commission away from any type of capacity construct," Noble Americas Energy Solutions LLC said in comments to…
December 17, 2013
A persuasive case for the adoption of an ERCOT forward capacity mechanism has not yet been made, H-E-B cautioned Texas policymakers, warning against, "changing the current market structure in ways that could have significant and likely irreversible, long-term consequences."
December 17, 2013
One of the refrains we keep hearing in Texas from capacity market acolytes is that Texas doesn't need to worry about the non-performance issues which have plagued the Northeast capacity markets -- in which capacity is procured but does not produce energy when needed -- because everyone agrees and…
December 17, 2013
Even as NRG Energy leads Texas down a path to a capacity market, it is about to enjoy the fruits of a state-arranged, ratepayer-backed "subsidized" contract to repower one of its New York power plants (aside: New York has a capacity market and according to capacity market supporters, should have no…
December 10, 2013
An analysis prepared for Texas Public Utility Commissioner Kenneth Anderson concludes that a study by Charles Rivers Associates commissioned by NRG Energy, which purports to show savings to gross state product from adopting a capacity market, contains numerous "errors in assumptions and calculations…
December 6, 2013
State Senator Wendy Davis, the presumptive Democratic nominee in the 2014 Texas gubernatorial election, said in a letter to Public Utility Commission of Texas Chair Donna Nelson that, "the PUC must not make any changes to the electricity market that would burden hardworking Texas families and the…
November 26, 2013
Despite a capacity market and mandated reserve margin, ISO New England told FERC that it is facing a shortage of existing resources to meet its Installed Capacity Requirement (ICR).
November 26, 2013
A capacity mandate in ERCOT would increase costs and harm the Texas economy, two large employers, Wal-Mart and Valero, told the Texas Senate yesterday
November 26, 2013
The fiction that without a mandated reserve margin ERCOT is going to drop to about an equilibrium 9% reserve margin -- the unsupported narrative offered by the Brattle report -- was derided by Texas Senators given that 14 years of operation of the energy-only market have never seen anything come…
November 22, 2013
Introduction of a capacity market in Texas would be a "serious mistake" and endanger the economic prosperity that Texas has enjoyed, Nucor Steel - Texas warned the Public Utility Commission of Texas.
November 21, 2013
Despite two years of dire warnings about blackouts and capacity owners "talking down" Texas' business climate, Texas cities continue to catch the attention of national business and economic publications for their economic strength and job creation, taking top marks in recent rankings by Forbes and…
November 20, 2013
The Texas Senate Committee on Natural Resources will hold a hearing, "to receive an update on recent electric discussions at the Public Utility Commission of Texas."
November 19, 2013
A capacity market would increase Texas electric bills, but without any clear benefit to consumers, concludes a report from the Texas Coalition for Affordable Power and the Steering Committee of Cities Served by Oncor
November 18, 2013
The Public Utility Commission of Texas has agreed on a series of questions to be issued for stakeholder comment regarding various options to meet a mandated reserve margin
November 18, 2013
Direct Energy, a supporter of a centralized capacity market in Texas, has warned business customers in ISO New England that this winter customers will be subject to, "additional costs associated with procuring backup generation [that] will result in higher electricity bills during these months."
November 18, 2013
More and more of the drivers of Texas economic growth are formally telling the Public Utility Commission of Texas that a capacity market would be "damaging" to businesses due to increased costs.
November 15, 2013
America's Natural Gas Alliance, representing independent natural gas exploration and production companies with operations in Texas, has said that it would be "premature" for the Public Utility Commission of Texas to adopt a mandated reserve margin
November 14, 2013
"Having been present since day one of the current market structure, I can assure you that the legislature designed the energy only market for good reason," Texas State Senator Troy Fraser said in a November 13 letter to Donna Nelson, Chair of the Public Utility Commission of Texas
November 13, 2013
Actions undertaken by NRG Energy belie NRG's claims that the energy-only market does not support investment in new capacity and that the energy-only market does not provide economically viable returns, retail provider Source Power & Gas LLC said in comments to the Public Utility Commission of Texas.
