EnerKnol Research PU Visual Primer PJM Capacity Auction 2024 08 13 Blog preview

PJM Capacity Auction Prices Surge to Record Highs Amid Supply Concerns

PJM Interconnection LLC’s capacity market auction for the 2025/2026 delivery year cleared at $269.92 per megawatt-day (MW-day), about nine times the clearing price in the last auction. The significantly higher prices resulted from…Read the full report…...

EnerKnol Research PU Visual Primer PJM Capacity Auction 2024 08 13 Blog preview

Visual Primer: PJM Capacity Auction Prices Surge to Record Highs Amid Supply Concerns

PJM Interconnection LLC’s capacity market auction for the 2025/2026 delivery year cleared at $269.92 per megawatt-day (MW-day), about nine times the clearing price in the last auction. The significantly higher prices resulted from a reduced electricity supply, mainly due to numerous generator retirements, coupled with rising demand and the implementation of market reforms, according to PJM, which operates across 13 states and the District of Columbia.

EnerKnol Research PU Visual Primer New England Energy Security 2022 10 25 Blog preview

Visual Primer: Natural Gas Supply Constraints Imperil New England’s Winter Reliability

The New England region relies on imported liquefied natural gas (LNG) in the winter to meet natural gas demand due to an inadequate gas pipeline network. The reliance on imports is increasingly fraught as the region competes in the global market where high and volatile prices pose supply risk and pricing uncertainty.

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

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.

Visual Primer: Grid Reliability Needs, Clean Energy Goals Spur Discussion Around Western RTO

Visual Primer: Grid Reliability Needs, Clean Energy Goals Spur Discussion Around Western RTO

Western U.S. states are evaluating options to join or form a regional transmission organization (RTO) as regional coordination would strengthen electric system resilience and reliability, enhance clean energy adoption, and address transmission challenges.

Visual Primer: States Oblige Utilities to Join Regional Transmission Organizations to Accommodate More Renewables

Visual Primer: States Oblige Utilities to Join Regional Transmission Organizations to Accommodate More Renewables

Clean energy mandates and goals adopted by U.S. states and utilities are driving efforts to plan and build out the transmission infrastructure needed to accommodate the exponential growth of wind and solar to facilitate power sector decarbonization.

Visual Primer: Capacity Prices Fall by 64 Percent in First PJM Capacity Auction After Market Reforms

Visual Primer: Capacity Prices Fall by 64 Percent in First PJM Capacity Auction After Market Reforms

The long-awaited capacity market auction of PJM Interconnection LLC for the 2022-2023 delivery year cleared at $50 per megawatt-day, which is 64 percent lower than the 2018 auction and the lowest in almost a decade. This is the first auction to be conducted by the nation’s largest grid operator under the expanded minimum offer price rule (MOPR) resulting from a 2019 order by the Federal Energy Regulatory Commission.

Visual Primer: Texas Power Outages Draw Scrutiny into Grid Operator’s Market Design and Reliability

Visual Primer: Texas Power Outages Draw Scrutiny into Grid Operator’s Market Design and Reliability

The widespread power outages across Texas during the extreme winter weather conditions brought about by a polar vortex in mid-February has raised questions about the reliability of the power grid operated by the Electric Reliability Council of Texas Inc. (ERCOT). The grid operator, which manages about 90 percent of the state’s electric load, reported that 48.6 percent of generation was forced out at the highest point due to the winter storm.

EnerKnol Special Report Part II: ERCOT Forecast Risks

EnerKnol Special Report Part II: ERCOT Forecast Risks

EnerKnol is committed to providing real-time transparency of the fragmented and highly technical landscape of energy regulation. With this as our guiding principle we are examining our database of over 35,000,000 regulatory records for insights into last week's Texas outages.

Enerknol Special Report: Texas Outages Raise Questions About ERCOT’s Reliability

Enerknol Special Report: Texas Outages Raise Questions About ERCOT’s Reliability

EnerKnol is committed to providing real-time transparency of the fragmented and highly technical landscape of energy regulation. With this as our guiding principle we are examining our database of over 35,000,000 regulatory records for insights into last week's Texas outages.

ERC Order on PJM Capacity Market Reforms Hinders States’ Plans for Clean Energy Transition

Visual Primer: FERC Order on PJM Capacity Market Reforms Hinders States’ Plans for Clean Energy Transition

The Federal Energy Regulatory Commission has issued an order on implementing reforms that expand the minimum offer price rule (MOPR) to most state-subsidized resources participating in the regional capacity market administered by PJM Interconnection LLC, which operates across 13 states and the District of Columbia. The ruling has sparked concerns over its potential to harm renewable generation seeking to participate in the capacity market and frustrate state clean energy policies.

New England Grid Operator Proposes Market-Based Solution to Energy Security Challenges

EnerKnol’s Visual Primer – New England Grid Operator Proposes Market-Based Solution to Energy Security Challenges

The New England grid operator has proposed a long-term, market-based solution to the region’s energy security problem as the power generation fleet moves towards a mix of energy-limited resources. With the retirement of resources with stored fuel, the system is increasingly reliant on facilities that run on just-in-time natural gas deliveries and weather-dependent wind and solar energy. To address the ensuing challenge, the grid operator proposes to improve the current market structure by creating incentives for the region’s fleet to invest in the energy supply arrangements and technologies on which the region depends.