EnerKnol Research PU Visual Primer PJM Auction 2022 06 28 Blog preview

Visual Primer: PJM’s Capacity Auction Yields Lower Prices, Reflects Growth in Carbon-Free Resources

Climate Change and Emissions, coal, Energy Storage, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Research Reports, EnerKnol Visual Primer, Grid Modernization, Integrated Resource Plans, Natural Gas, Power & Utilities, PRODUCTS, REC Feed, Solar, Wholesale Markets, Wholesale Power, Wind

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.

New York Begins Process for Second Offshore Wind Solicitation to Procure At Least 1,000 Megawatts

U.S. Energy Department Joins Historic Federal-State Partnership to Advance Offshore Wind Deployment

Climate Change and Emissions, Electric Transmission, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, Wind

The U.S. Energy Department on June 23 announced it will spearhead the development of an all-encompassing offshore wind supply chain action plan by participating in the Biden administration’s Federal-State Offshore Wind Implementation Partnership. The landmark partnership is a forum between the White House National Climate Advisor, the Secretaries of the Interior, Energy, Commerce, and Transportation,…...

PJM Auction Prices

PJM Capacity Prices Drop by 32 Percent

Climate Change and Emissions, coal, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Natural Gas, Nuclear, Solar, Wholesale Power, Wind

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…

New Jersey Board Joins Prominent U.S. Offshore Wind Research Organization

U.S. Interior to Conduct Review of First Proposed Wind Energy Project Offshore Maryland

Climate Change and Emissions, Electric Transmission, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, Wind

The U.S. Department of the Interior on June 6, 2022 announced that the Bureau of Ocean Energy Management will perform an environmental assessment of the first proposed wind energy project offshore Maryland. Key parts of the proposal consist of construction and operation of an offshore wind project with a total capacity between 1.1 and 2…...

President Biden Commits U.S. to Achieve 50 Percent Emissions Reductions in 2030

U.S. Energy Department Examines Reforms to Loan Guarantee Program Rule

Climate Change and Emissions, Electric Transmission, Energy Efficiency, Energy Storage, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Grid Modernization, Natural Gas, Nuclear, PRODUCTS, Retail Power and Gas, Solar, Wind

The U.S. Energy Department’s Loan Program Office issued a request for information on June 1 to update and improve its Title XVII Innovative Technologies Loan Guarantee Program intended to support early commercial use of advanced technologies. The agency seeks feedback from various stakeholders including developers, investors, government agencies, academia, and impacted communities. The input will…...

New Jersey Board Joins Prominent U.S. Offshore Wind Research Organization

U.S. Interior Proposes to Offer Areas With 4.5 Gigawatts Potential in First Wind Auction Off California

Climate Change and Emissions, Electric Transmission, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, Wind

The Bureau of Ocean Energy Management on May 31 proposed offshore wind lease sales on the Outer Continental Shelf Offshore California. The initiative is in continuation of the agency’s previous 25 active leases in Atlantic Oceans which lie in the region of Massachusetts to North Carolina. This proposed lease sale offer is first of its…...

Ocean Wind Offshore Wind

Carolina Long Bay offshore Wind Auction Draws $315 Million in Winning Bids

Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, Wind

The U.S. Department of the Interior’s wind energy auction in the Carolina Long Bay area, the second major offshore wind lease sale this year, drew competitive winning bids from two companies totaling $315 million, according to a May 11 press release. The sale offered two lease areas covering 110,091 acres in the Carolina Long Bay…...