Nine out of the ten resource zones cleared at $10/MW-day in the Midcontinent Independent System Operator’s sixth annual Planning Resource Auction, up from last year's clearing price of 1.50/MW-day. MISO said that increased demand and lower supply were largely responsible for the higher prices and expects adequate capacity for the planning year starting June 1.
Demand response (DR) is gaining relevance as a vital grid balancing tool amid the rapid surge in intermittent generation resources. The next generation DR will provide more localized responses to areas of stress to influence energy usage patterns. The digitally enabled grid, advanced metering infrastructure, and automated strategies coupled with dynamic pricing will support the DR market.
DetailsThe penetration of distributed energy resources (DER) has led states and utilities to reconsider their strategies and planning processes. Advanced metering infrastructure and automation allow utilities to capture the full value of DERs and explore new uses of emerging technologies. Because of the rapid influx of DERs utilities must stay proactive to avoid issues on the distribution grid and capture new growth opportunities.
Demand response (DR) is gaining relevance as a vital grid balancing tool amid the rapid surge in intermittent generation resources. The next generation DR will provide more localized responses to areas of stress to influence energy usage patterns. The digitally enabled grid, advanced metering infrastructure, and automated strategies coupled with dynamic pricing will support the DR market.
DetailsDemand response (DR) is gaining relevance as a vital grid balancing tool amid the rapid surge in intermittent generation resources. The next generation DR will provide more localized responses to areas of stress to influence energy usage patterns. The digitally enabled grid, advanced metering infrastructure, and automated strategies coupled with dynamic pricing will support the DR market.
Arizona's Energy Modernization Plan would set a goal 3,000 MW of energy storage by 2030, the most ambitious in the nation. The plan seeks to address peak demand challenges and provide system backup and stability through large-scale storage. Declining costs combined with a growing recognition of the multiple benefits of storage have led more states to consider storage in their energy planning and regulation. Moving forward, the future of storage will depend on creating rates and markets that capture the full value of storage and improving grid connection practices.
DetailsArizona's Energy Modernization Plan would set a goal 3,000 MW of energy storage by 2030, the most ambitious in the nation. The plan seeks to address peak demand challenges and provide system backup and stability through large-scale storage. Declining costs combined with a growing recognition of the multiple benefits of storage have led more states to consider storage in their energy planning and regulation. Moving forward, the future of storage will depend on creating rates and markets that capture the full value of storage and improving grid connection practices.
The Massachusetts Department of Public Utilities has approved a performance-based ratemaking (PBR) mechanism for Eversource Energy to balance infrastructure funding with avoiding rate case expenses and rate redesign that create uncertainty for consumers. PBRs adjust utility revenues based on their measurable performance, and they have been gaining popularity nationwide as grid technology keeps evolving.
DetailsThe Massachusetts Department of Public Utilities has approved a performance-based ratemaking (PBR) mechanism for Eversource Energy to balance infrastructure funding with avoiding rate case expenses and rate redesign that create uncertainty for consumers. PBRs adjust utility revenues based on their measurable performance, and they have been gaining popularity nationwide as grid technology keeps evolving.
PJM Interconnection has unveiled its capacity repricing proposal aimed at accommodating subsidized resources while preserving price integrity in the capacity market. The grid operator said its proposal would meet state goals, unlike an alternative plan that would extend the minimum offer price rule to both new and existing resources (MOPR-Ex), in effect cancelling out the state subsidies. The move echoes a national trend towards reforming competitive electricity markets to ease tensions between their resource adequacy constructs and state policies.
DetailsPJM Interconnection has unveiled its capacity repricing proposal aimed at accommodating subsidized resources while preserving price integrity in the capacity market. The grid operator said its proposal would meet state goals, unlike an alternative plan that would extend the minimum offer price rule to both new and existing resources (MOPR-Ex), in effect cancelling out the state subsidies. The move echoes a national trend towards reforming competitive electricity markets to ease tensions between their resource adequacy constructs and state policies.
Dozens of states want utilities to lower rates for electricity and natural gas services following the recently enacted federal tax law which slashed the corporate income tax rate to 21 percent from 35 percent at the start of the year. Sixteen states and consumer advocates wrote to the Federal Energy Regulatory Commission requesting prompt action for the cuts to be extended to customers, while 20 states are mulling rate changes tied to the new tax law.
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