May 29, 2013
FERC Sets Technical Conference for Its Intrusion into California Resource Adequacy Policy
FERC has scheduled a technical conference regarding its intrusion into California's resource adequacy policy debate
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Resource Adequacy
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May 29, 2013
Calif. Draft Would Impose Flexible Capacity Requirement on Retail Suppliers, But Not for 2014
A proposed decision from a California ALJ would impose a flexible capacity requirement on load serving entities, including retail suppliers, as part of the current bilateral resource adequacy (RA) framework, but would not institute the requirement for the 2014 RA year.
May 9, 2013
No Surprise: Texas and Its Energy-Only Market Lead Two Business Attractiveness Rankings, Capacity Market States Largely Absent
Texas, with its energy-only market serving the vast majority of the state, continues to be named the most attractive state for businesses by numerous metrics, while capacity market states are largely absent from the same rankings.
May 2, 2013
ERCOT Forecasts 2014 Reserve Margin Above Target, More Evidence of Working Energy-Only Market
ERCOT's May 2013 Capacity, Demand and Reserves (CDR) report shows an increase in the forecast reserve margin in 2014 to above-target levels as the delivery period approaches, which is the market behavior that is expected in an energy-only market.
May 1, 2013
New York ISO Files to Create New Capacity Zone, Would Double Capacity Prices for ESCOs
The New York ISO has filed at FERC to implement a new capacity zone under its capacity market, which would require load serving entities such as ESCOs to meet capacity obligations for such new zone.
April 30, 2013
Shock: UBS Sees New England, New York Susceptible to "Re-regulation" of Generation
New England and New York could follow California in essentially re-regulating new build power generation through the use of regulator-directed procurements, Julien Dumoulin-Smith said in a note to UBS Investment Research clients.
April 10, 2013
Conclusion from Pat Wood GCPA Keynote: Texas Electric Deregulation Has Failed
Listening to Pat Wood's keynote at the spring Gulf Coast Power Association conference, the inescapable conclusion is that electric restructuring in Texas has failed.
April 8, 2013
Midwest ISO Posts Capacity Prices for Load Serving Entities Relying on New Auction
The Midwest ISO has posted results from the first capacity auction under its revised Module E resource adequacy construct.
April 1, 2013
FERC (Again) Usurping States' Rights in Addressing Generation Capacity
Just as it has done in the Northeast, FERC is setting up the California market for FERC's preferred resource adequacy construct, ordering a technical conference to "collectively" pursue solutions to "reliability," but in reality meaning generation adequacy.
March 28, 2013
Texas Chair Nelson Proposes Workshop "This Summer" on Operating Reserve Demand Curve Proposal
Donna Nelson, Chair of the Public Utility Commission of Texas, has proposed that the Commission provide stakeholders with a formal opportunity to comment on the Interim Solution B+ proposal to improve scarcity pricing, and the related ERCOT backcast results, followed by a workshop "this summer."
March 22, 2013
ERCOT Issues Final Determination of RMR Status for LCRA Plant
ERCOT has issued a final determination of Reliability Must-Run (RMR) status for the Lower Colorado River Authority's Ferguson Power Plant G1 (FERGUS_FERGUSG1)
March 22, 2013
Shock: Brattle Says Energy-Only Market Sustainable From a Resource Adequacy Perspective
A new report from The Brattle Group confirms that an energy-only market is sustainable from a resource adequacy perspective.
March 20, 2013
Massachusetts Declines to Order Utilities to Enter Into Long-Term Capacity Contracts
The Massachusetts DPU has declined to order the electric distribution utilities to enter long-term contracts at this time, despite finding a need for new capacity in the NEMA/Boston zone in the next 10 years absent the construction of Footprint Power's 674 MW generating plant.
March 4, 2013
ERCOT Expects Another Tight Summer
The amount of electricity available to serve demand in ERCOT will be tight again this summer, according to an analysis released by ERCOT
February 21, 2013
Friends Like These: Competitive Generator Says Competitive Retail Market, With Transient Customers, Can't Support "Investment," Innovation
Investment, and by implication, innovation, cannot occur in competitive retail energy markets characterized by "transient customers," a competitive generator shockingly told the Public Utility Commission of Texas, in comments urging the PUCT to not rely on demand response for long-term resource…
February 19, 2013
ERCOT Issues Initial Determination of RMR Status for LCRA Plant
ERCOT has issued an initial determination concerning the Notification of Suspension of Operations for the Lower Colorado River Authority's Ferguson unit FERGUS_FERGUSG1.
February 14, 2013
Pablos to Resign from Public Utility Commission of Texas
Texas Public Utility Commissioner Rolando Pablos announced at today's open meeting that he had submitted his resignation from the Commission to Gov. Perry, effective close of business March 1.
February 14, 2013
California Authorizes SCE Local Capacity Procurements, Allocation of Costs to Direct Access Customers
A final decision from the California PUC allows Southern California Edison to procure over 2,000 MW of electric capacity to meet local capacity requirements, with the procurement eligible for cost allocation mechanism (CAM) treatment. The PUC also declined to make any changes in the CAM, such as…
February 13, 2013
FERC Largely Accepts ISO-NE Capacity Offer Floor Compliance Filing, Denies Complaint from States
FERC largely accepted a compliance filing from ISO New England concerning implementation of offer floors in the Forward Capacity Market, and denied a related complaint from state regulators concerning the offer floors.
February 13, 2013
Capacity Market Called "Tax" on Texas Customers
Introducing a capacity market into ERCOT would subject customers to an unavoidable "tax," an industry panelist said yesterday at an Infocast conference.
February 13, 2013
Separate Reports Find Capacity Market Would Increase Texas Electric Rates
Two reports from think tanks on opposite ends of the political spectrum have both reached the inescapable conclusion that a capacity market in ERCOT would raise customer rates, without addressing any specific causes of the current resource adequacy concerns.
February 13, 2013
Analysis: ERCOT Does Not Dip Below Reserve Margin Until After 2018
An updated analysis of ERCOT resource adequacy from Texas Public Utility Commissioner Kenneth Anderson shows that ERCOT is not projected to fall below the 13.75% reserve margin until after 2018.
January 25, 2013
Texas Commission Directs ERCOT to Study Interim Solution B for Utilizing Reserve Demand Curves
Texas Public Utility Commissioners agreed yesterday that ERCOT should study the proposed Interim Solution B to improve scarcity pricing by utilizing reserve demand curves.
January 23, 2013
ERCOT Files Two Interim Solutions to Improve Scarcity Pricing by Utilizing Reserve Demand Curves
ERCOT has filed with the Public Utility Commission of Texas two potential interim solutions to improve scarcity pricing by utilizing reserve demand curves.
January 18, 2013
New York Orders National Grid, NYSEG to Investigate Repowering Generating Plants
The New York State Public Service Commission yesterday instituted a proceeding, "to examine repowering alternatives to utility power plant reinforcements," and directed National Grid and New York State Electric and Gas Corporation (NYSEG) to work with generation owners to evaluate repowering of two…