Texas Governor Greg Abbott on Feb. 16 declared the reform of the Electric Reliability Council of Texas, or ERCOT, an emergency item in the current legislative session, following rotating outages resulting from extreme winter weather brought about by a polar vortex which primarily affected the Midwest and Southern regions of the U.S. Abbott directed the…...
ISO New England Inc.’s fifteenth annual forward capacity auction concluded with preliminary clearing prices ranging from $2.48 to $3.98 per kilowatt-month across different pricing zones, up from last year’s record low, according to the results released on Feb. 11. Clearing prices declined since peaking at $9.55 per kilowatt-month in 2015 and hit an all-time low…...
Southwest Power Pool on Feb 1 launched its Western Energy Imbalance Services market designed to balance generation and load regionally and in real time. The initiative is the latest in a series of measures to better serve the Western Interconnection and is expected to lower electricity costs and enhance price transparency. Moreover, the move will…
U.S. state regulators and utilities alike are exploring the use of renewable natural gas (RNG) due to its environmental benefits to displace fossil fuels and to support the transition to a low-carbon energy economy. RNG is pipeline-quality methane produced from biomass that is sourced from livestock operations, landfills, and other organic waste.
Energy storage initiatives are moving forward at a swift pace to complement clean energy policies as batteries can facilitate the integration of diverse generation technologies and address grid stability. With improving economics, there is a growing discussion on the role of energy storage as a grid asset to foster reliability and optimize renewables to meet ambitious clean energy goals.
Several states are rethinking the resource adequacy paradigm as the electric resource mix changes through the addition of more intermittent resources to replace retiring coal-fired capacity and meet state decarbonization goals. Resource adequacy initiatives are intended to ensure that the planned resource mix is sufficient to meet the future system capacity needs and maintain grid reliability.
The Washington State Department of Commerce and the Utilities and Transportation Commission on Jan 5 adopted rules for the implementation of the 2019 Clean Energy Transformation Act. The law requires the state’s electricity supply to be carbon-neutral by 2030 and carbon-free by 2045, and directs electric utilities to phase out coal from their generation portfolio…...
The Oregon Public Utility Commission opened an investigation into resource adequacy in the state to address the growing concerns over the level of capacity in the region, according to a Jan. 7 notice. Reports and studies from various organizations including Northwest Power and Conservation Council, Energy+Environmental Economics(E3), Pacific Northwest Utilities Conference Committee, and the California…...
The shift in policy priorities of the incoming administration is expected to accelerate the transformation of the power sector towards clean energy and distributed grid, continuing its trajectory driven by market dynamics, technology, and customer preferences. The strong growth of renewable energy is expected to speed up, particularly with the extension of the federal tax…...
The growing adoption of clean energy standards, energy efficiency, and customer-sited resources is driving the need for innovative ratemaking principles. Utilities are exploring rate structures that facilitate the integration of variable and distributed generation, and align customer behavior with grid needs. Smart meters are paving the way for time-based and dynamic rate options to balance the grid under the increased penetration of renewable and distributed energy resources, as well as electric vehicles.
The Western Energy Imbalance market generated $119.3 million in savings in the third quarter of this year, the highest quarterly benefits achieved since the market launched in 2014, according to an Oct. 29 press release from the California Independent System Operator Corporation. This brings the cumulative benefits of the real-time energy market to about $1.11…...
The Federal Energy Regulatory Commission has issued an order on implementing reforms that expand the minimum offer price rule (MOPR) to most state-subsidized resources participating in the regional capacity market administered by PJM Interconnection LLC, which operates across 13 states and the District of Columbia. The ruling has sparked concerns over its potential to harm renewable generation seeking to participate in the capacity market and frustrate state clean energy policies.