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August 12, 2013
The Public Utility Commission of Texas deferred until its next open meeting a decision on adopting an Operating Reserves Demand Curve (ORDC) for the ERCOT market, as Commissioner Kenneth Anderson said that the delay, particularly from a potential rulemaking process, could impede over 1,000 MW of new…
August 9, 2013
This story updated 3:30 pm ET 8/9 to reflect Crane's use of the term "nearly" impossible throughout. An earlier version has incorrectly used both the terms virtually and nearly in different places.
August 9, 2013
ERCOT Experiences Third Highest Demand In History
August 7, 2013
The design of PJM's capacity auction has "fundamental flaws" which will not only "impede investments," but also, "impact reliability," said Anthony Alexander, President and Chief Executive Officer of FirstEnergy Corp.
August 5, 2013
The increased reliance on "planned" resources -- meaning new resources clearing the capacity market -- to meet the PJM mandated reserve margin has been likened by Exelon to other "issues" in the capacity market which required reforms
July 31, 2013
Texas retail electric providers have surprisingly (or not so surprisingly when the parties involved are considered) filed harsh comments in opposition to an Operating Reserves Demand Curve (ORDC) in ERCOT.
July 26, 2013
Calpine's President and Chief Operating Officer Thad Hill essentially conceded on an earnings call yesterday that new generating resources clearing the PJM capacity market cannot be relied upon for resource adequacy, and despite receiving assurance of a three-year forward revenue stream, still…
July 24, 2013
Additional options for setting parameters of an operating reserves demand curve in ERCOT would enhance resource adequacy, even at a lower minimum contingency level, an analysis conducted by The Brattle Group showed.
July 22, 2013
Texas Public Utility Commissioner Kenneth Anderson has offered two proposed alternatives for implementing an Operating Reserves Demand Curve in ERCOT.
July 17, 2013
A transition to retail electric choice in Arizona would cost in excess of $1 billion, Arizona Public Service told the Arizona Corporation Commission in comments on the ACC's investigation of retail choice.
July 17, 2013
The ERCOT board of directors deferred until September a decision to increase the target reserve margin to 16.1% from the current 13.75%.
July 16, 2013
The Chair of the Texas Senate's Committee on Natural Resources has written a letter to ERCOT board members expressing "serious concern" on a recommendation from the Technical Advisory Committee to increase the ERCOT target reserve margin from 13.75% to 16.1%.
July 15, 2013
Consider the following excerpts from an op-ed in favor of a Texas capacity market:
July 12, 2013
Centralized capacity markets -- specifically those with a downward sloping demand curve -- are reintroducing into the electric industry one of the main catalysts of deregulation -- the gold-plating of the electric system.
July 3, 2013
The use of incendiary language in a recent op-ed by NRG Energy in favor of a capacity market in Texas begs the question, that if we can't trust the market to assure resource adequacy, what else should we not "bet" on?
July 1, 2013
ISO New England, which requires load to pay capacity to meet a mandated reserve margin, has filed at FERC "out-of-market solutions" to meet looming reliability risks due to non-performance of resources receiving capacity payments.
June 28, 2013
No substantive opposition to the B+ Operating Reserves Demand Curve was voiced yesterday during a Texas workshop on the subject, other than from supporters of alternative market designs who fear it might preclude the need for their preferred outcomes.
June 26, 2013
An analysis filed by The Brattle Group indicates that an energy-only market with the version B+ proposal for an Operating Reserve Demand Curve can result in an equilibrium reserve margin in excess of the current minimum target.
June 25, 2013
Credit to Christopher Helman of Forbes for calling a capacity what it is in a recent story on the Texas debate -- "a little more regulation."
June 24, 2013
A recent filing by ISO New England at FERC should give Texas regulators pause in consideration of a capacity market because the filing details how, despite paying billions of dollars for capacity, resources receiving capacity payments don't respond when needed, leaving customers to ask what exactly…
June 21, 2013
The ERCOT Independent Market Monitor has released the 2012 State of the Market Report, and the report spends considerable time defending capacity markets as "efficient."
June 19, 2013
ERCOT has filed with the Public Utility Commission of Texas a Value of Lost Load (VOLL) study prepared by London Economics International LLC.
June 18, 2013
Listening to capacity market advocates in Texas, you'd expect that the centralized capacity markets in the eastern RTOs are "settled" market designs, which can easily be taken "off the shelf" and quickly applied to ERCOT, with little controversy or administrative bureaucracy.
June 13, 2013
Because investors "lost big" on the last competitive generation build-out, Texas ratepayers must now subsidize generation in order for it to get built -- that's the essence of what John Ragan, President of NRG Energy's Gulf Coast Region, said in a June 11 op-ed in favor of a Texas capacity market…
May 31, 2013
Desperate to maintain their narrative of a Texas capacity crisis, supporters of a mandatory capacity market in Texas have said that new generation being built in ERCOT, which has resulted in a 2014 reserve margin above the target, should be ignored, but if not, such investment should be seen as…
