ISO-NE players split over 2-part capacity auction proposal ISO-NE unveiled its two-part capacity auction in April 2017 after a series of stakeholder meetings over how to better integrate state energy policies into its wholesale market construct. The concern is that resources supported by state energy policies — like renewable energy mandates or nuclear credits — … Continue reading ISO-NE players split over 2-part capacity auction proposal→
FERC needs to review capacity market performance, GAO recommends Capacity markets may or may not be functioning properly, but FERC can’t adequately make that determination, according to the GAO report. “Available information on the level of resource adequacy … and related costs in regions with and without capacity markets is not comprehensive or consistent,” the … Continue reading FERC needs to review capacity market performance, #GAO recommends→
FERC Clarifies Impacts from Lost Capacity Market Rights in NYISO On October 25, 2017, FERC issued an order explaining the market consequences when a resource loses certain participation rights in the New York Intendent System Operator, Inc. (“NYISO”) Installed Capacity (“ICAP”) market. The order on clarification, which was requested by NRG Power Marketing LLC and … Continue reading FERC Clarifies Impacts from Lost Capacity Market Rights in NYISO→
Uptown Funk: Where will NYC get its peak demand capacity? Con Ed says aging natural gas plants are fine; storage advocates say a crisis is imminent. Does New York City have sufficient resources to meet peak energy demand and, if not, how should any shortcoming be addressed? Those are two key questions facing energy planners … Continue reading Uptown Funk: Where will #NYC get its peak demand capacity?→
Massachusetts energy storage, net metering, and capacity market inquiry Massachusetts utility regulators have opened an inquiry to investigate the eligibility of energy storage systems paired with net metering facilities to net meter and the qualification and bidding of certain net metering facilities in the Forward Capacity Market administered by ISO New England Inc. The existing … Continue reading Massachusetts energy storage, net metering, and capacity market inquiry→
A new low-cost battery offers a hefty voltage and sustained energy capacity A zinc-based battery that delivers a high voltage and substantial energy capacity could be set to rival conventional lithium-ion batteries, A*STAR researchers have found. The proliferation of electric vehicles and renewable energy sources is driving demand for rechargeable batteries that store and deliver … Continue reading A new low-cost battery offers a hefty voltage and sustained energy capacity→
DC Circuit Vacates FERC Order on PJM’s Capacity Market Decision limits FERC’s ability to modify rate proposals In an opinion issued on July 7, 2017, the U.S. Court of Appeals for the District of Columbia Circuit held that Section 205 of the Federal Power Act “does not allow FERC to make modifications to a proposal … Continue reading #DC_Circuit Vacates FERC Order on PJM ‘s Capacity Market→
As gas plants struggle, California seeks new flexible capacity strategies With up to 6 GW of gas plants at risk of closure, energy planners are scrambling for new compensation techniques and zero-carbon alternatives ccelerating clean energy and climate goals in California have policymakers thinking in unprecedented ways about how to manage the state’s power system. … Continue reading As gas plants struggle, California seeks new flexible capacity strategies→
DC Court of Appeals rejects challenges to PJM capacity rules Results of PJM’s most recent forward capacity auction—the first to fully implement the new rules—were released last month, with surprising results. Capacity payments were broadly lower than expected, despite the new rules in place adding hefty requirements on any resources. The new rules, which require … Continue reading DC Court of Appeals rejects challenges to PJM capacity rules→
PJM auction results could push nuke operators to ‘double down’ on subsidies Prices in the PJM Interconnection’s capacity auction were once again disappointing for many generators, but for operators of nuclear power plants they could be a particularly troubling sign. The results could add to efforts to create nuclear subsidies and prove to be a … Continue reading PJM auction results could push nuke operators to ‘double down’ on subsidies→
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