California Grid Operator Set to Launch Reliability Services Across West

California Grid Operator Set to Launch Reliability Services Across West

The California Independent System Operator Corporation finalized agreements to provide reliability coordinating services for 32 electricity balancing authorities and transmission operators across the west, according to a Jan. 14 press release. Following a year of planning and coordination, the ISO said it will now focus on technology and system integration to implement the service by July 1…....

Grid Operators Set to Expand Opportunities for Energy Storage in Wholesale Markets

EnerKnol’s Visual Primer – Grid Operators Set to Expand Opportunities for Energy Storage in Wholesale Markets

Regional grid operators have filed proposals to comply with the first federal directive for broader participation of the technology in regional wholesale power markets. The California system operator is already compliant with majority of the requirements, with a market design that FERC has cited as an example for integrating storage resources. New York grid operator’s proposal poses limitations, such as lack of dual participation in wholesale and retail markets, amidst the state’s efforts to advance an ambitious 3-gigawatt goal for storage.

PJM Faces Complaint for Non-Assessment of Fuel Cost Penalty

PJM Faces Complaint for Non-Assessment of Fuel Cost Penalty

Monitoring Analytics LLC, the independent market monitor for PJM Interconnection LLC, filed a complaint against the grid operator for determining not to assess a penalty to a market participant who violated the fuel cost policy, according to a Dec. 28 filing with the Federal Energy Regulatory Commission. The market monitor said that the violation occurred on…...

Greater Regulatory Clarity Will Facilitate Fair Competition of Storage Resources in Ontario Power Market: Report

Greater Regulatory Clarity Will Facilitate Fair Competition of Storage Resources in Ontario Power Market: Report

The Ontario Independent Electricity System Operator issued a report on Dec. 20 identifying obstacles and mitigating strategies to ensure that energy storage resources can be integrated into its market and can compete in the delivery of services when feasible. The report calls for clarity in the market rules, Ontario Energy Board codes, and legislation and…...

Mid Atlantic Power Market Gears Up for Reforms as Debate Over Subsidized Resources Intensifies

EnerKnol’s Visual Primer – Mid Atlantic Power Market Gears Up for Reforms as Debate Over Subsidized Resources Intensifies

PJM Interconnection LLC is at the crossroads for capacity market reforms as participation of sources receiving out-of-market state revenues continues to grow. Significant debate around the issue of price suppression from subsidized resources culminated in the Federal Energy Regulatory Commission's invalidation of PJM’s capacity market rules. Several states have opposed the premise arguing that the threat from subsidies is overstated and sweeping changes would unlawfully intrude on state energy policies. Following the FERC directive which rejected PJM’s changes proposed in April, the grid operator on Oct. 2 unveiled a plan which would address price distortion while advancing state policy interests.

New England Power Grid Sees No End to Worsening Winter Fuel Shortages

EnerKnol’s Visual Primer – New England Power Grid Sees No End to Worsening Winter Fuel Shortages

The New England grid operator has identified fuel security as the most pressing issue affecting regional reliability and energy affordability. Growing dependence on natural gas for power generation has been a concern, particularly during winter when natural gas is largely used for heating. The retirement of nuclear, coal, and oil powered plants has pushed the region to rely on costly, carbon-intensive oil-fired units to meet peak demand.

Prices Rebound in America's Largest Power Supply Auction as Nukes Fail to Clear

EnerKnol’s Visual Primer – Prices Rebound in America’s Largest Power Supply Auction as Nukes Fail to Clear

PJM Interconnection LLC’s annual capacity auction saw clearing prices ramp up 83 percent from a year ago to $140/megawatt-day, rebounding after a sustained fall for two consecutive auctions. Renewables and demand response did surprisingly well especially because they are deemed seasonal assets with limited ability to meet the new stringent performance standards that require year-round capacity. Despite the high prices, the amount of nuclear generation that cleared the auction fell by over a quarter from last year.

Constrained Supply and Increased Demand Push Prices up to $10/MW-day in MISO Auction

EnerKnol’s Visual Primer – Constrained Supply and Increased Demand Push Prices up to $10/MW-day in MISO Auction

Nine out of the ten resource zones cleared at $10/MW-day in the Midcontinent Independent System Operator’s sixth annual Planning Resource Auction, up from last year's clearing price of 1.50/MW-day. MISO said that increased demand and lower supply were largely responsible for the higher prices and expects adequate capacity for the planning year starting June 1.

Mid-Atlantic Grid Operator Seeks to Accommodate State Subsidies

Mid-Atlantic Grid Operator Seeks to Accommodate State Subsidies

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

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.

Texas Grid Operator Looks to Bolster Energy Prices Amid Renewables Influx

Texas Grid Operator Looks to Bolster Energy Prices Amid Renewables Influx

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.