Power & Utilities

Arizona Proposes 3 GW Energy Storage Goal, Most Ambitious Nationwide

EnerKnol’s Visual Primer – Arizona Proposes 3 GW Energy Storage Goal, Most Ambitious Nationwide

Energy Storage, EnerKnol Research Reports, EnerKnol Visual Primer, Power & Utilities, PRODUCTS

Arizona's Energy Modernization Plan would set a goal 3,000 MW of energy storage by 2030, the most ambitious in the nation. The plan seeks to address peak demand challenges and provide system backup and stability through large-scale storage. Declining costs combined with a growing recognition of the multiple benefits of storage have led more states to consider storage in their energy planning and regulation. Moving forward, the future of storage will depend on creating rates and markets that capture the full value of storage and improving grid connection practices.

Eversource Adopts Performance-Based Ratemaking in Massachusetts to Meet Clean Energy Goals

Eversource Adopts Performance-Based Ratemaking in Massachusetts to Meet Clean Energy Goals

EnerKnol Research Reports, Power & Utilities, PRODUCTS, Smart Grid

The Massachusetts Department of Public Utilities has approved a performance-based ratemaking (PBR) mechanism for Eversource Energy to balance infrastructure funding with avoiding rate case expenses and rate redesign that create uncertainty for consumers. PBRs adjust utility revenues based on their measurable performance, and they have been gaining popularity nationwide as grid technology keeps evolving.

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Eversource Adopts Performance-Based Ratemaking in Massachusetts to Meet Clean Energy Goals

EnerKnol’s Visual Primer – Eversource Adopts Performance-Based Ratemaking in Massachusetts to Meet Clean Energy Goals

EnerKnol Research Reports, EnerKnol Visual Primer, Power & Utilities, PRODUCTS, Smart Grid

The Massachusetts Department of Public Utilities has approved a performance-based ratemaking (PBR) mechanism for Eversource Energy to balance infrastructure funding with avoiding rate case expenses and rate redesign that create uncertainty for consumers. PBRs adjust utility revenues based on their measurable performance, and they have been gaining popularity nationwide as grid technology keeps evolving.

Mid-Atlantic Grid Operator Seeks to Accommodate State Subsidies

Mid-Atlantic Grid Operator Seeks to Accommodate State Subsidies

EnerKnol Research Reports, Power & Utilities, PRODUCTS, Wholesale Markets

PJM Interconnection has unveiled its capacity repricing proposal aimed at accommodating subsidized resources while preserving price integrity in the capacity market. The grid operator said its proposal would meet state goals, unlike an alternative plan that would extend the minimum offer price rule to both new and existing resources (MOPR-Ex), in effect cancelling out the state subsidies. The move echoes a national trend towards reforming competitive electricity markets to ease tensions between their resource adequacy constructs and state policies.

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Mid-Atlantic Grid Operator Seeks to Accommodate State Subsidies

EnerKnol’s Visual Primer – Mid-Atlantic Grid Operator Seeks to Accommodate State Subsidies

EnerKnol Research Reports, EnerKnol Visual Primer, Power & Utilities, PRODUCTS, Wholesale Markets

PJM Interconnection has unveiled its capacity repricing proposal aimed at accommodating subsidized resources while preserving price integrity in the capacity market. The grid operator said its proposal would meet state goals, unlike an alternative plan that would extend the minimum offer price rule to both new and existing resources (MOPR-Ex), in effect cancelling out the state subsidies. The move echoes a national trend towards reforming competitive electricity markets to ease tensions between their resource adequacy constructs and state policies.

Historic Federal Tax Cuts Bring Utility Rates Under Scrutiny

Historic Federal Tax Cuts Bring Utility Rates Under Scrutiny

EnerKnol Research Reports, Power & Utilities, PRODUCTS, Smart Grid

Dozens of states want utilities to lower rates for electricity and natural gas services following the recently enacted federal tax law which slashed the corporate income tax rate to 21 percent from 35 percent at the start of the year. Sixteen states and consumer advocates wrote to the Federal Energy Regulatory Commission requesting prompt action for the cuts to be extended to customers, while 20 states are mulling rate changes tied to the new tax law.

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Historic Federal Tax Cuts Bring Utility Rates Under Scrutiny

EnerKnol’s Visual Primer – Historic Federal Tax Cuts Bring Utility Rates Under Scrutiny

EnerKnol Research Reports, EnerKnol Visual Primer, Power & Utilities, PRODUCTS, Smart Grid

Dozens of states want utilities to lower rates for electricity and natural gas services following the recently enacted federal tax law which slashed the corporate income tax rate to 21 percent from 35 percent at the start of the year. Sixteen states and consumer advocates wrote to the Federal Energy Regulatory Commission requesting prompt action for the cuts to be extended to customers, while 20 states are mulling rate changes tied to the new tax law.

Five Power Industry Trends to Watch in 2018

Five Power Industry Trends to Watch in 2018

EnerKnol Research Reports, Power & Utilities, PRODUCTS, Smart Grid

Over the past five years, the power industry has evolved at a faster pace because of several simultaneous trends reflecting a broader shift from coal to natural gas and renewables. The changing fuel mix, growth in renewables, and evolution of distributed energy resources are among the key causes catalyzing this transformation. In 2018, most of these trends are expected to continue or accelerate.

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Five Power Industry Trends to Watch in 2018

EnerKnol’s Visual Primer – Five Power Industry Trends to Watch in 2018

EnerKnol Research Reports, EnerKnol Visual Primer, Power & Utilities, PRODUCTS, Smart Grid

Over the past five years, the power industry has evolved at a faster pace because of several simultaneous trends reflecting a broader shift from coal to natural gas and renewables. The changing fuel mix, growth in renewables, and evolution of distributed energy resources are among the key causes catalyzing this transformation. In 2018, most of these trends are expected to continue or accelerate.

New York Grid Operator Unveils Plan for Energy Storage Participation in Wholesale Markets

New York Grid Operator Unveils Plan for Energy Storage Participation in Wholesale Markets

Energy Storage, EnerKnol Research Reports, Power & Utilities, PRODUCTS

The New York Independent System Operator has unveiled a proposal for full participation of energy storage in the state's wholesale electricity markets by 2023. The grid operator envisions storage as a vital tool for managing the growing penetration of intermittent and distributed energy resources (DERs). Recently, several other states have turned to storage as a way of solving the intermittency of DERs, delivering more dynamic energy services, and addressing peak demand challenges.

New York Grid Operator Unveils Plan for Energy Storage Participation in Wholesale Markets

EnerKnol’s Visual Primer – New York Grid Operator Unveils Plan for Energy Storage Participation in Wholesale Markets

Energy Storage, EnerKnol Research Reports, EnerKnol Visual Primer, Power & Utilities, PRODUCTS

The New York Independent System Operator has unveiled a proposal for full participation of energy storage in the state's wholesale electricity markets by 2023. The grid operator envisions storage as a vital tool for managing the growing penetration of intermittent and distributed energy resources (DERs). Recently, several other states have turned to storage as a way of solving the intermittency of DERs, delivering more dynamic energy services, and addressing peak demand challenges.

Texas Grid Operator Looks to Bolster Energy Prices Amid Renewables Influx

Texas Grid Operator Looks to Bolster Energy Prices Amid Renewables Influx

EnerKnol Research Reports, Power & Utilities, PRODUCTS, Wholesale Markets

The Public Utility Commission of Texas is examining reforms to price formation in the Electric Reliability Council of Texas (ERCOT) energy-only market over concerns of low prices. The proceeding stems from a whitepaper on shortcomings caused by subsidized renewables and other factors expected to interfere with investment decisions and undermine market sustainability. The ERCOT proceeding highlights the ongoing national discussion over the role of organized electricity markets in ensuring fuel diversity and system reliability through pricing mechanisms.