Energy Market
Potomac Economics
New York City saw a 221% increase in capacity costs in the first quarter due to the retirement of 600 MW in peaker plants and the increase of more than 300 MW in the local installed capacity requirement.
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The D.C. Circuit directed FERC to review a series of 2022 orders requiring wholesale electricity sellers in the West to refund a portion of the high prices they earned during an August 2020 heat wave.
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FERC approved LS Power’s purchase of an 810-MW natural gas plant in central Pennsylvania despite some qualms from PJM’s Independent Market Monitor.
© RTO Insider LLC
Portland General Electric became the second entity in the Western U.S. after PacifiCorp to sign an implementation agreement for the Extended Day-Ahead Market.
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Participants in the West-Wide Governance Pathways Initiative face a busy meeting schedule this summer as the group’s leaders look to advance on parallel fronts to develop a Western “regional organization.”
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PJM’s Markets and Reliability Committee endorsed a proposal to align the day-ahead energy market commitment cycle with the daily gas nomination deadlines.
Potomac Economics
NEPOOL held its annual summer Participants Committee meeting in New Hampshire during a multiday stretch of extreme heat and high demand on the New England grid.
Moonwater Capital
As NV Energy moves forward with plans to join CAISO’s Extended Day-Ahead Market, Nevada regulators have laid out a framework for how the company can seek approval for EDAM participation.
ERCOT
ERCOT’s Board of Directors has passed one contentious protocol change and tabled another that have divided stakeholders and staff and led the IMM to argue against the heavy use of ECRS.
Renewable Northwest
A new study commissioned by Renewable Northwest says Powerex is poised to benefit if the West ends up divided between CAISO’s EDAM and SPP’s Markets+.
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