How Hurricanes Are Sparking Latest Push For Grid Resilience

EnerKnol Insights – How Hurricanes Are Sparking Latest Push For Grid Resilience

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

Extreme weather is figuring more prominently than ever into America's energy policy as the nation recovers from a rash of storms and a catastrophic hurricane season that's inflicted hundreds of billions of dollars in damage. In the name of resiliency and reliability, the Trump administration and regulators alike are seeking unprecedented changes to wholesale power markets, as well as urging massive investments in nascent technologies, like microgrids and battery storage, to gear up for the next bomb cyclone, derecho, polar vortex or hurricane season.

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Duke Slashes North Carolina Grid Modernization Plan by $5.3 Billion Following Environmental Groups' Opposition

Duke Slashes North Carolina Grid Modernization Plan by $5.3 Billion Following Environmental Groups’ Opposition

Energy Storage, EnerKnol Impacts, EnerKnol Pulse, Grid Modernization

Duke Energy Carolinas LLC reached an agreement with environmental groups June 1 to cut the price tag of its Power/Forward Carolinas grid modernization plan to $2.5 billion, from $7.8 billion, and scale back the initiative to three years, from a decade. Duke’s updated plan includes voltage optimization, electric-vehicle charging infrastructure and at least 300 megawatts…

Colorado Enacts Legislation to Pave Way for Utilities to Invest in Energy Storage

Colorado Enacts Legislation to Pave Way for Utilities to Invest in Energy Storage

Energy Storage, EnerKnol Impacts, EnerKnol Pulse

Colorado Governor John Hickenlooper, a Democrat, signed legislation on June 1 ordering the utility commission to establish a process by February 2019 for electric utilities to evaluate and invest in energy storage as the state looks to harness the emerging technology. The bill allows electric utilities to file applications for rate-based projects of up to…

PSEG Plans to Invest $17 Billion in New Jersey to Modernize Energy System, Boost Renewables

PSEG Plans to Invest $17 Billion in New Jersey to Modernize Energy System, Boost Renewables

Energy Storage, EnerKnol Impacts, EnerKnol Pulse, Grid Modernization, Solar, Wind

The Public Service Enterprise Group Inc. announced plans on May 31 to invest as much as $17 billion through 2022 in energy grid modernization and clean energy programs in New Jersey. The company plans to spend $2.5 billion to extend its Energy Strong program aimed at improving reliability and resiliency by bolstering electric and gas…

Michigan Senate Urges State to Explore Adding Energy Storage to the Grid

Michigan Senate Urges State to Explore Adding Energy Storage to the Grid

Energy Storage, EnerKnol Impacts, EnerKnol Pulse

The Michigan Senate on May 30 adopted a resolution calling on the Michigan Agency for Energy to engage in a discussion to explore the potential to integrate energy storage into the state’s electric market. The move comes as some states look to harness energy storage technologies to improve grid resilience following the devastating hurricane season…

Prices Rebound in America's Largest Power Supply Auction as Nukes Fail to Clear

EnerKnol’s Visual Primer – Prices Rebound in America’s Largest Power Supply Auction as Nukes Fail to Clear

EnerKnol Research Reports, EnerKnol Visual Primer, Power & Utilities, PRODUCTS, Wholesale Markets

PJM Interconnection LLC’s annual capacity auction saw clearing prices ramp up 83 percent from a year ago to $140/megawatt-day, rebounding after a sustained fall for two consecutive auctions. Renewables and demand response did surprisingly well especially because they are deemed seasonal assets with limited ability to meet the new stringent performance standards that require year-round capacity. Despite the high prices, the amount of nuclear generation that cleared the auction fell by over a quarter from last year.

States Seeking Shift to Renewables Unable to Shake Reliance on Gas Power

EnerKnol’s Visual Primer – States Seeking Shift to Renewables Unable to Shake Reliance on Gas Power

EnerKnol Research Reports, EnerKnol Visual Primer, Fossil Fuels, Natural Gas, PRODUCTS

The low price of natural gas makes it the go-to choice for ensuring reliability in several states where renewables have captured a large market share. On the other hand, the dominance of natural gas in the power sector is facing a backlash in states that are aggressively pushing for renewable resources. In both cases, however, regulators have become increasingly more concerned about grid reliability as the share of natural gas in the fuel mix continues to grow.

Nearly 40 Percent of Large-Scale Batteries in U.S. Found in Mid-Atlantic Grid Thanks to Favorable Market: EIA

Nearly 40 Percent of Large-Scale Batteries in U.S. Found in Mid-Atlantic Grid Thanks to Favorable Market: EIA

Energy Storage, EnerKnol Impacts, EnerKnol Pulse

About 40 percent of the 700 megawatts of large-scale battery storage capacity installed in the U.S. is found in the grid operated by PJM Interconnection LLC thanks to favorable market conditions, according to a May 21 report from the U.S. Energy Information Administration. PJM created a frequency regulation market in 2012 to provide better payments…

Retail Choice Under Scrutiny Amid Growing Consumer Complaints

EnerKnol’s Visual Primer – Retail Choice Under Scrutiny Amid Growing Consumer Complaints

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

After years of retail choice, some states have begun to examine whether customers are better off with competitive retailers or on the default service tariff. As retail choice comes under greater scrutiny, regulators will focus on stringent market entry rules and market monitoring that can help avoid deceptive tactics.