By - Jim Vess

PJM could face reliability risks in early 2020s if more coal and nuclear generation is retired

Energize Weekly, November 7, 2018 The PJM Interconnection, the nation’s largest grid, can manage the announced closures of coal and nuclear plants even in the face of severe weather—but with the loss of additional generation, “the system may be at risk.” The assessment comes from the PJM’s Fuel Security Analysis released Nov. 1, which was done as its grid, which

By - Jim Vess

Pipeline constraints could hurt winter energy market prices in New York, Boston and Los Angeles

Energize Weekly, October 24, 2018 A forecast for a mild winter and adequate electricity generating capacity are good news for the winter energy markets, but pipeline constraints could create risks for several major cities, according to a Federal Energy Regulatory Commission (FERC) assessment. The growing dependence on natural gas-fired generation coupled with the pipeline issues could also “have significant implications

By - Jim Vess

High temperatures, fuel constraints pushed western electricity prices to a 10-year high this summer

Energize Weekly, October 3, 2018 High temperatures and tight fuel supplies pushed wholesale electricity prices in the western U.S. to their highest levels since 2008, according to the federal Energy Information Administration (EIA). Temperatures were warmer than normal across the West. Portland, Ore., for example, posted 29 days of temperatures higher than 90 degrees from the beginning of June through

By - Jim Vess

Western Energy Imbalance Market posts a record quarter, cutting costs, providing benefits

Energize Weekly, August 8, 2018 The western Energy Imbalance Market, which serves seven utilities and the California grid operator, posted a record $71.2 million in benefits to its members in the second quarter of 2018, according to the organization. The market, known as the EIM, is a real-time bulk power trading market to balance electricity supply among its members and

By - Jim Vess

High levels of wind and solar on the power grid could lower wholesale electric prices

Energize Weekly, June 6, 2018 High levels of wind and solar on regional power grids can decrease electric wholesale prices by $5 to $16 a megawatt-hour (MWh), according to a study by the Lawrence Berkeley National Laboratory. “Increasing penetrations of variable renewable energy (VRE) can affect wholesale electricity price patterns and make them meaningfully different from past, traditional price patterns,” the

By - Jim Vess

PJM capacity auction sees renewables, coal and natural gas rise while nuclear plummets

Energize Weekly, May 30, 2018 PJM Interconnection, the nation’s largest grid, saw prices jump more than 80 percent to $140 a megawatt-day across most of its grid in the annual capacity market auction. But even with the hike, many nuclear power plants couldn’t successfully bid. The price increase was expected as a result of lower prices in energy markets, which

By - Jim Vess

Falling renewable energy prices could make $112 billion in gas-fired generation a stranded asset, RMI study says

Energize Weekly, May 30, 2018 Coal-fired generation is being supplanted, for the most part, by cheaper natural gas turbines with $112 billion in new gas-fired power plants proposed or under construction, but those plants could face the same market fate as coal, according to an analysis by the Rocky Mountain Institute (RMI). The analysis by RMI, an independent energy consultant,

By - Jim Vess

Southwest Power Pool approves terms for western utilities to join its wholesale market

Energize Weekly, March 21, 2018 The Southwest Power Pool (SPP) board of directors on March 13 approved the terms for utilities and transmission operators from eight Western states to join their wholesale electricity market. The proposal deals with issues of cost sharing, governance, operations and, in a number of areas, gives the Mountain West Transmission Group region some separate consideration

By - Jim Vess

Utilities need to adapt to a changing market with new business approaches, RMI study says

Energize Weekly, January 31, 2018 A rapidly shifting, yet slow-growing electricity market is forcing utility executives and state regulators to redefine the role of utilities—from expanding their monopoly positions to becoming open platforms for competition, according to a study by the Rocky Mountain Institute (RMI). The question, the study by the energy consulting group said, is where to draw the

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