EnerKnol Research PU Visual Primer PJM Auction 2022 06 28 Blog preview

Visual Primer: PJM’s Capacity Auction Yields Lower Prices, Reflects Growth in Carbon-Free Resources

Climate Change and Emissions, coal, Energy Storage, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Research Reports, EnerKnol Visual Primer, Grid Modernization, Integrated Resource Plans, Natural Gas, Power & Utilities, PRODUCTS, REC Feed, Solar, Wholesale Markets, Wholesale Power, Wind

PJM Interconnection LLC’s capacity market auction for the 2023-2024 delivery year cleared at $34.13 per megawatt-day (MW-day), which is nearly 32 percent lower compared to the 2021 auction and the lowest in almost a decade. The auction results reflect a low-carbon resource mix, with a growth of more than 5,000 cleared megawatts of carbon-free resources, according to the grid operator, which operates across 13 states and the District of Columbia.

Michigan Regulator Approves Energy Efficiency Programs for Low-Income Utility Customers

Michigan Commission Approves Consumers Energy’s Plan to Phase Out Coal-Fired Generation by 2025

Climate Change and Emissions, coal, Electric Transmission, Energy Efficiency, Energy Storage, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Integrated Resource Plans, Natural Gas, PRODUCTS, Solar

The Michigan Public Service Commission on June 23 approved a settlement agreement that allows Consumers Energy Co. to exit coal-fired generation by 2025 and add 8 gigawatts of solar energy to the grid. The settlement pertains to the company’s integrated resource plan, or IRP, which identifies the optimal mix of resources to serve customers over…...

New York Begins Process for Second Offshore Wind Solicitation to Procure At Least 1,000 Megawatts

U.S. Energy Department Joins Historic Federal-State Partnership to Advance Offshore Wind Deployment

Climate Change and Emissions, Electric Transmission, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, Wind

The U.S. Energy Department on June 23 announced it will spearhead the development of an all-encompassing offshore wind supply chain action plan by participating in the Biden administration’s Federal-State Offshore Wind Implementation Partnership. The landmark partnership is a forum between the White House National Climate Advisor, the Secretaries of the Interior, Energy, Commerce, and Transportation,…...