eia wholesale electricity

Extreme Weather Caused Wholesale Electricity Price Volatility in the U.S. in 2022: EIA

The U.S. trading hubs’ average wholesale electricity prices increased in 2022 compared with 2021 on account of extreme weather conditions and the limited supply of coal to replace higher-priced natural gas, according to a Jan. 10 report from the U.S. Energy Information Administration. Extreme weather and manpower shortages in the railroad and coal mine industries…...

EnerKnol Research PU Insights Year Ahead Trends 2023 01 03 Blog preview

Year Ahead: Five Must-Watch Power Sector Trends for 2023

Ambitious federal goals and initiatives, coupled with state commitments, are driving the transition to a low-carbon future across the U.S. Investments and tax incentives included in the 2022 Inflation Reduction Act (IRA) have added new momentum to the renewable and clean energy industries including offshore wind, nuclear power, and distributed solar.…. Read the full report…...

PacifiCorp Set to Join Western Day Ahead Market, Resource Adequacy Program

PacifiCorp announced on Dec. 8 that the company expects to participate in the California Independent System Operator Corp.’s (CAISO) Extended Day Ahead Market, or EDAM. This will allow the company to provide its customers with reliable, inexpensive and clean electricity when required. In addition to joining the EDAM, the company is also planning to join…

EnerKnol Research PU Visual Primer Demand Response 2022 12 13 Blog preview

Visual Primer: Demand Response Viewed as Key Tool to Support Flexibility and Reliability of Energy Infrastructure

Demand response (DR) continues to garner attention as a key reliability tool amid the ongoing transition to renewable energy, increased electrification, and extreme weather. Traditionally intended to shed load and prevent blackouts during peak demand periods, DR is increasingly valued for its ability to address imbalances caused by the variability in wind and solar generation.

Texas Grid Operator Establishes Voluntary Curtailment Program to Manage Peak Demand

The Electricity Reliability Council of Texas (ERCOT) on Dec. 6 announced a voluntary curtailment program, which permits large flexible consumers to reduce their electricity usage during periods of elevated demand. The large curtailment program for Large Flexible Loads, or LFL, aims to give bitcoin miners and data centers incentives to reduce usage, since they have…

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 Policy Primer Grid Modernization 2022 08 09 Blog preview

Policy Primer: Grid Modernization – August 2022 Update

Grid modernization efforts are increasingly focused on resilience and reliability to protect the system against extreme weather and cyberattacks. Lawmakers and regulators are pursuing reforms to ensure that policies keep pace with the rapidly changing resource mix to facilitate the transformation to a future grid capable of integrating the increasing number of intermittent resources and electric vehicles.

Appalachian Power Requests $65 Million Rate Hike for Electric Service in Virginia

Illinois Commission Orders Cost-Benefit Study of Ameren Joining PJM

The Illinois Commerce Commission on July 22 directed Ameren to carry out a cost-benefit analysis of the company’s continued membership in the  Midcontinent Independent System Operator (MISO) versus joining the  PJM Interconnection. MISO’s failure to fulfil resource demand in a capacity auction for the period June 2022-May 2023 triggered rising wholesale prices and utility bills…...

Massachusetts Hydro Quebec Contracts

U.S. Energy Department Seeks Input to Implement Infrastructure Law’s $630 Million Funding to Modernize Hydropower Facilities

The U.S. Energy Department on June 30 circulated a request for information seeking public input on the implementation of a $630 million hydropower incentive program pursuant to the 2021 Infrastructure Investment and Jobs Act.  This information would assist the department in studying the structure of hydropower incentive programs, selection criteria, timing and distribution of funds,…...