The Federal Energy Regulatory Commission on March 5 announced that it will hold a technical conference in June to discuss the threat posed by climate change and extreme weather events on electric system reliability. The agency announced a proceeding to examine the issue following prolonged power outages across Texas and the south-central U.S. during the…...
The 51st quarterly carbon auction of the Regional Greenhouse Gas Initiative, or RGGI, the nation’s first market-based program to cut power sector emissions, sold all of the nearly 23.5 million permits offered for sale at a price of $7.60 per allowance, according to the auction results released on March 5. This is the first auction…...
The Missouri Public Service Commission on Feb. 25 opened an investigation into the state’s electric and natural gas utilities’ preparedness and response to the mid-February winter storm that resulted in rolling blackouts and natural gas price spikes. The commission’s Regulatory Analysis and Customer Experience Departments, in collaboration with agencies within its Industry Analysis and Financial…...
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…...
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 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…...
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…...
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…...
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 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…...
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…...