Prices Fall in PJM's 100-Percent Capacity Resource Auction

EnerKnol’s Visual Primer – Prices Fall in PJM’s 100-Percent Capacity Resource Auction

EnerKnol Research Reports, EnerKnol Visual Primer, Power & Utilities, PRODUCTS, Smart Grid

PJM’s 2017 capacity auction – the first one to apply the 100-percent Capacity Performance requirement – yielded a clearing price of $76.53/megawatt-day in most of PJM, about 24 percent lower than last year. Cleared capacity of seasonal resources like demand response, solar, and wind fell largely due to the new year-round performance requirement. Lower prices are attributed largely to lower natural-gas prices, lower demand forecasts, and new combined-cycle natural gas units clearing capacity in the auction.

Maryland Paves the Way for Large-Scale Offshore Wind Projects

EnerKnol Research Reports, PRODUCTS, Renewables, Wind Power

The Maryland Public Service Commission has awarded offshore wind renewable energy credits to advance two large-scale offshore projects with a combined capacity of 368 MW, potentially outdoing the capacity of the 30 MW Block Island, the only operational offshore wind facility in the U.S. The extension of the wind PTC and the successful completion of the Block Island project have spurred more companies and states to increase their focus on offshore wind development. State policy shifts to advance offshore wind projects will likely provide the much-needed impetus for the U.S. offshore wind industry, which has been plagued by regulatory uncertainty, permitting hurdles, high infrastructure costs, and public resistance.

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EnerKnol’s Visual Primer – Maryland Paves the Way for Large-Scale Offshore Wind Projects

EnerKnol Research Reports, PRODUCTS, Renewables, Wind Power

The Maryland Public Service Commission has awarded offshore wind renewable energy credits to advance two large-scale offshore projects with a combined capacity of 368 MW, potentially outdoing the capacity of the 30 MW Block Island, the only operational offshore wind facility in the U.S. The extension of the wind PTC and the successful completion of the Block Island project have spurred more companies and states to increase their focus on offshore wind development. State policy shifts to advance offshore wind projects will likely provide the much-needed impetus for the U.S. offshore wind industry, which has been plagued by regulatory uncertainty, permitting hurdles, high infrastructure costs, and public resistance.

Virginia’s Legislative Package and Dominion’s IRP Reflect New Role for Clean Energy

EnerKnol Research Reports, PRODUCTS, Renewables, Solar Power

Virginia has enacted a suite of clean energy bills that will help expand renewable energy and energy efficiency across the state. The legislation increases opportunities for community solar, pumped storage, battery technologies, and green development zones, bringing a remarkable turn in a state that has generally lingered over clean energy development. Amid legislative efforts to advance Virginia’s clean energy future, the state’s largest utility Dominion Energy also presented solar as a central piece of its 2017 Integrated Resource Plan. The new legislative package and the underlying market developments set Virginia up for a sustainable energy policy that supports economic development.

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Virginia's Legislative Package and Dominion's IRP Reflect New Role for Clean Energy

EnerKnol’s Visual Primer – Virginia’s Legislative Package and Dominion’s IRP Reflect New Role for Clean Energy

Blog, EnerKnol Research Reports, PRODUCTS, Renewables, Solar Power

Virginia has enacted a suite of clean energy bills that will help expand renewable energy and energy efficiency across the state. The legislation increases opportunities for community solar, pumped storage, battery technologies, and green development zones, bringing a remarkable turn in a state that has generally lingered over clean energy development. Amid legislative efforts to advance Virginia’s clean energy future, the state’s largest utility Dominion Energy also presented solar as a central piece of its 2017 Integrated Resource Plan. The new legislative package and the underlying market developments set Virginia up for a sustainable energy policy that supports economic development.

FERC Technical Conference Signals Market Reforms to Accommodate State Policies

EnerKnol Research Reports, Power & Utilities, PRODUCTS, Smart Grid

The Federal Energy Regulatory Commission (FERC) held a technical conference to determine whether state policies and objectives can be achieved through market mechanisms of the Eastern RTOs/ISOs. Discussions signal market reforms that will focus on solutions that harmonize and accommodate state policy requirements with wholesale markets. Reforms will likely address market mechanisms to value resource attributes and internalize carbon costs within wholesale electricity prices.

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FERC Technical Conference Signals Market Reforms to Accommodate State Policies

EnerKnol’s Visual Primer – FERC Technical Conference Signals Market Reforms to Accommodate State Policies

Blog, EnerKnol Research Reports, Power & Utilities, PRODUCTS, Smart Grid

The Federal Energy Regulatory Commission (FERC) held a technical conference to determine whether state policies and objectives can be achieved through market mechanisms of the Eastern RTOs/ISOs. Discussions signal market reforms that will focus on solutions that harmonize and accommodate state policy requirements with wholesale markets. Reforms will likely address market mechanisms to value resource attributes and internalize carbon costs within wholesale electricity prices.

Court Decision Reiterates FERC Authority over Interstate Transmission Planning

EnerKnol Research Reports, Power & Utilities, PRODUCTS, Smart Grid

Recent court rulings on FERC Order No. 1000 uphold FERC authority over regional planning, placing federal regulators at the helm of modernizing the electric grid particularly in states operating in deregulated electric markets. The court decision vacating FERC’s ROE orders casts uncertainty for utilities that rely on FERC-approved rates for transmission services. The effectiveness of transmission planning processes will continue to be under scrutiny, as the U.S. power system undergoes transformational changes driven primarily by changes in the generation resource mix toward renewables and natural gas.

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Court Decision Reiterates FERC Authority over Interstate Transmission Planning

EnerKnol’s Visual Primer – Court Decision Reiterates FERC Authority over Interstate Transmission Planning

Blog, EnerKnol Research Reports, Power & Utilities, PRODUCTS, Smart Grid

Recent court rulings on FERC Order No. 1000 uphold FERC authority over regional planning, placing federal regulators at the helm of modernizing the electric grid particularly in states operating in deregulated electric markets. The court decision vacating FERC’s ROE orders casts uncertainty for utilities that rely on FERC-approved rates for transmission services. The effectiveness of transmission planning processes will continue to be under scrutiny, as the U.S. power system undergoes transformational changes driven primarily by changes in the generation resource mix toward renewables and natural gas.

Early Ending of Tax Credits Casts Uncertainty over Oklahoma Wind Industry

EnerKnol Research Reports, PRODUCTS, Renewables, Wind Power

Oklahoma has enacted legislation ending the state’s wind energy tax credits on July 1, 2017, more than three years ahead of the original schedule to help close a budget deficit. The early sunset of tax credits is unlikely to impact the budget outlook in the near term, but creates uncertainty for wind projects under construction. Addressing the state’s recurring budget deficits require a comprehensive economic plan and a long-term strategy to draw new investment and align revenues.

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Early Ending of Tax Credits Casts Uncertainty over Oklahoma Wind Industry

EnerKnol’s Visual Primer – Early Ending of Tax Credits Casts Uncertainty over Oklahoma Wind Industry

Blog, EnerKnol Research Reports, PRODUCTS, Renewables, Wind Power

Oklahoma has enacted legislation ending the state’s wind energy tax credits on July 1, 2017, more than three years ahead of the original schedule to help close a budget deficit. The early sunset of tax credits is unlikely to impact the budget outlook in the near term, but creates uncertainty for wind projects under construction. Addressing the state’s recurring budget deficits require a comprehensive economic plan and a long-term strategy to draw new investment and align revenues.

Maryland Energy Storage Credits Create Model for States with Nascent Storage Markets

Energy Storage, EnerKnol Research Reports, Power & Utilities, PRODUCTS

Maryland legislature has passed a bill (SB 758) establishing the nation’s first tax credits for energy storage systems. The legislation is well timed to support Maryland’s new renewable portfolio standard goals, reflecting the growing role of energy storage technologies in supporting the growth of renewables. Maryland could serve as a model for states exploring ways to bolster their nascent storage markets, as tax credits present a simpler alternative to mandates and incentives.

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