Week Ahead: FERC Discusses Resource Adequacy, RGGI’s Carbon Auction, Maine Advances Renewables
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New York Commission Revises Clean Energy Procurement Strategy to Align With Market Realities
The New York Public Service Commission on May 15 approved a series of reforms aimed at accelerating the state’s clean energy transition, including a notable increase in its annual large-scale renewable energy procurement target. The revised goal raises the land-based renewable energy target (known as Tier 1) from 4,500 gigawatt-hours to 5,600 gigawatt-hours per year…....
U.S. Interior Department Proposes Repeal of Renewable Energy Rule to Support Broader Resource Use
The U.S. Interior Department on May 14 announced the proposed rescission of a rule governing wind and solar energy development on public lands. This is in accordance with U.S. President Donald Trump’s agenda to eliminate burdensome regulations and stimulate economic growth. The proposed removal of the Bureau of Land Management’s clean energy regulation allows for…...
Visual Primer: States Expand Virtual Power Plant Programs to Address Peak Electricity Demand
Recent actions across U.S. states reflect the growth of virtual power plant (VPP) initiatives, as utilities and regulators evaluate aggregated customer-sited assets to manage peak demand, enhance reliability, and reduce system costs. States are moving forward with new pilots, incentive programs, and regulatory structures that support the integration of distributed energy resources (DERs) into grid operations and long-term planning.
PJM’s Price Cap and Floor Proposal for Capacity Auctions Raises Concerns Over Market Distortion
PJM Interconnection LLC, which operates the grid across 13 states and the District of Columbia, has proposed a price cap and floor for its upcoming capacity market auctions for the 2026/2027 and 2027/2028 delivery years. Though intended as a temporary measure to restore stability to the…Read the full report…...
Visual Primer: PJM’s Price Cap and Floor Proposal for Capacity Auctions Raises Concerns Over Market Distortion
PJM Interconnection LLC, which operates the grid across 13 states and the District of Columbia, has proposed a price cap and floor for its upcoming capacity market auctions for the 2026/2027 and 2027/2028 delivery years. Though intended as a temporary measure to restore stability to the capacity market, the move has raised concerns about market distortion by artificially inflating prices and stifling investment signals.