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.
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.
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…...
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,…...
Energy legislation enacted across U.S. states so far in 2022 spans a broad spectrum of topics portraying actions to facilitate the energy transition. These include measures to expand renewables and distributed resources, strengthen climate commitments, optimize grid performance, and sustain the nuclear power fleet. … Read the full report …...
The Federal Energy Regulatory Commission on June 27 approved an agreement between its Office of Enforcement and Salem Harbor Power Development LP to resolve allegations that the company engaged in a fraudulent scheme in ISO New England Inc.’s capacity auction to secure capacity payments. The company agreed to a civil penalty of $17 million and…...
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.
PJM Interconnection LLC’s capacity auction for the 2023/2024 delivery year cleared at $34.13 per megawatt-day, which is nearly 32 percent lower compared to the 2021 auction, according to the grid operator’s June 21 news release. The auction procured adequate resources to meet energy needs in PJM’s service area, which covers all or part of the…
Environmental and clean energy organizations, represented by the Southern Environmental Law Center and Southern Alliance for Clean Energy, petitioned the U.S. Court of Appeals for the D.C. Circuit to review the Federal Energy Regulatory Commission’s approval of the Southeast Energy Exchange Market (SEEM). The SEEM proposal was originally submitted by large southeast utilities such as…...
U.S. offshore wind is gaining traction with new milestones spurred by state commitments of almost 40 gigawatts (GW) by 2040 and a federal goal of 30 GW by 2030. Recent developments include state-level project selections that could add more than 3.2 GW of new capacity, New Jersey’s proposal for a novel offshore wind transmission solution, and New York’s move to advance transmission technologies for offshore wind integration.
Xcel Energy-Colorado, Platte River Power Authority, and Black Hills Colorado Electric LLC on Jan. 25 revealed plans to join the Western Energy Imbalances Service (WEIS) Market, operated by the Southwest Power Pool, which manages the power grid across the central U.S. The utilities plan to join the market by April 2023 subject to approval through…...