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…....
The Electric Power Suppliers Association on Jan. 7 filed a petition asking the U.S. Supreme Court to review appellate court rulings that upheld zero-emission credit programs designed to support financially struggling nuclear plants in New York and Illinois. The organization argues that the subsidy programs infringe on the Federal Energy Regulatory Commission’s jurisdiction over wholesale…...
The New York Independent System Operator Inc. on Dec. 7 released a plan outlining a design to internalize the social cost of carbon dioxide emissions in the wholesale electricity markets. The plan would use a carbon price in dollars per ton of emissions, proposing a net cost of $40.74 per ton in 2020. The proposal would require suppliers to include the charges in their energy offers, allowing the price to…
PJM Interconnection expects to have 185,611 megawatts of resources available to meet the forecasted peak demand of 135,506 megawatts, according to a Dec. 5 press release. The grid operator said its system is ready to meet needs despite a “less-certain winter weather forecast,” noting that climate models indicate a warmer season but similar studies point…
The Electric Reliability Council of Texas unveiled a report on Dec. 4, which forecasts planning reserve margin for summer 2019 to be 8.1 percent, which is 2.9 percent lower than the previous projection issued in May. The Capacity, Demand and Reserve report contains five-year projections for planning reserve margins – the difference between the total…
ISO New England Inc. is equipped to meet winter demand which is forecast to peak at 20,357 megawatts under normal conditions and 21,057 megawatts at extreme temperatures, according to a Nov. 28 press release. Based on lessons learned from last winter, the grid operator recently unveiled new initiatives including a 21-day forecast of the region’s…
The Federal Energy Regulatory Commission on Nov. 19 rejected CXA La Paloma LLC’s petition to order California Independent System Operator Corporation to implement a centralized resource adequacy procurement process and a transitional payment mechanism. In a complaint filed in June, the company alleged that the continued dependence on “stopgap mechanisms” for resource adequacy has led…
The Federal Energy Regulatory Commission on Nov. 9 approved ISO New England Inc.’s proposal to revise the calculation of the economic life of a generator that seeks to retire or permanently leave the capacity market. The revision establishes that the economic life of such a resource will be the evaluation period that maximizes the net…
The Electric Reliability Council of Texas forecasts a peak demand of 61,780 megawatts for the upcoming winter from December through February 2019, according to a Nov. 1 press release. The grid operator expects nearly 80,000 megawatts of resource capacity to be available for peak demand this winter. Since the preliminary winter assessment released in September,…
PJM Interconnection LLC released its fuel security analysis on Nov. 1 finding that its system is reliable and can endure prolonged periods of highly stressed conditions. The study analyzed over 300 scenarios that could occur from 2023 considering generation retirements, customer demand, fuel delivery, and fuel disruptions. The results underscored that in a sustained cold…
Retail electricity prices for customers enrolled with competitive suppliers in the New England region are less volatile compared to wholesale power prices, although temporary price hikes occur when wholesale prices experience the largest increases, according to an Oct. 31 report from the U.S. Energy Information Administration. All the New England states except Vermont have deregulated…
The Western Energy Imbalance market generated about $100 million in savings in the third quarter of this year, with total benefits reaching $502 million since its launch in November 2014, according to an Oct. 29 press release from the California Independent System Operator Corporation. The third quarter benefits were the highest for any quarter due…