Texas Regulator Investigates Retail Electric Providers’ Business Practices After Winter Storm Grid Event

The Texas Public Utilities Commission on Feb. 24 launched an investigation into retail electric suppliers’ business practices following complaints of skyrocketing bills for plans with pricing indexed to the wholesale rate in the aftermath of sweeping power outages caused by extreme winter weather conditions. Although indexed plans are allowed under law, an influx of complaints…...

ERCOT Holds Emergency Board Meeting In Light of Sweeping Power Failures Across Texas

The Electricity Reliability Council of Texas Inc. (ERCOT) Board of Directors on Feb. 24 convened for an emergency meeting to discuss and analyze the issues that led to grid infrastructure failures across Texas from Feb. 12 onwards. These outages were prompted by the presence of a polar vortex which brought about severely cold weather conditions…...

EnerKnol Special Report: Texas Outages Raise Questions About ERCOT’s Reliability

EnerKnol is committed to providing real-time transparency of the fragmented and highly technical landscape of energy regulation.  With this as our guiding principle we are examining our database of over 35,000,000 regulatory records for insights into last week’s reliability failure. The Electric Reliability Council of Texas Inc.’s (ERCOT) 2020 Operations Report and Plan, filed with…...

Sweeping Outages Prompt Investigation into Role of Texas Grid Operator

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…...

New England Capacity Auction Prices Rebound from Record Lows

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…...

Connecticut Regulator Establishes New Residential Program to Replace Net Metering

The Connecticut Public Utilities Regulatory Authority on Feb. 10 established a residential renewable energy program that will replace current net metering, as well as the residential solar incentive program starting January 1, 2022.  The initiative creates tariff options for residential customers to buy products generated from a Class I renewable energy source located on their…...

Renewables to Outpace Natural Gas to Become Predominant Electricity Source in 2030: EIA

The share of renewables in the U.S. power generation mix is expected to rise from 21 percent in 2020 to 42 percent in 2050, according to the U.S. Energy Information Administration’s 2021 annual outlook. The agency projects that renewable energy, driven by wind and solar power, will surpass natural gas to become the predominant source…...

Delaware Law Raises Renewable Portfolio Standard to 40 Percent by 2035

Delaware Governor John Carney, a Democrat, signed legislation on Feb. 10 which increases the state’s renewable portfolio standard for regulated utilities to 40 percent by 2035, up from the prior target of 25 percent by 2025. The bill also raises the solar carve-out to 10 percent by 2035, nearly tripling the previous level of 3.5…...

Michigan Regulator Explores Rate Design for Distributed Energy Resources

The Michigan Public Service Commission on Feb. 4 established a workgroup to analyze rate design options for distributed energy resources. The commission also adopted a definition for utility pilot projects and criteria for pilot program reviews under the MI Power Grid initiative, the state’s grid modernization effort intended to maximize the benefits of the shift…...

Southwest Power Pool Launches New Electricity Market for Western Utilities

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…

Biden Issues Order to Double Offshore Wind, Pause Federal Drilling Leases

U.S. President Joe Biden signed an executive order on Jan. 27 that calls for a review of siting and permitting process on public lands and waters to increase renewable energy production with a goal of doubling offshore wind energy by 2030. The order also directs the U.S. Interior Department to pause new oil and gas…...

New York Regulator Approves $850 Million Power Line to Support Clean Energy

The New York Public Service Commission approved the Marcy to New Scotland Upgrade Project, an $854 million power line starting in Oneida County and extending to Albany County to facilitate greater flow of clean energy to high-demand markets downstate, according to a Jan. 21 press release. The project would replace existing lines with new lines…