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[NOTE: This story was updated to include additional appeals filed after April 21.] The battle over FERC’s order expanding PJM’s minimum offer price rule (MOPR) moved to the federal courts this week as environmental groups, electric cooperatives and state regulators filed petitions for appellate review. The filings were set in motion...
[NOTE: This article has been updated to include excerpts from the orders, which were not available at press time Thursday.] By Rich Heidorn Jr. FERC on Thursday clarified that voluntary renewable energy credits (RECs) and participation in the Regional Greenhouse Gas Initiative (RGGI) will not subject capacity resources to PJM’s...
By Rich Heidorn Jr. A broad coalition of independent power producers and renewable energy and trade groups petitioned FERC Monday to convene a technical conference on integrating carbon pricing into organized wholesale electric markets (AD20-14). "Currently, certain FERC-jurisdictional wholesale electric energy and capacity markets are grappling with how to reconcile...
By Michael Yoder New Jersey regulators have taken the first step in determining whether the state should remain in PJM’s capacity market or to go in a different direction to meet the state’s electricity needs. The New Jersey Board of Public Utilities (NJBPU) voted March 27 to investigate if staying...
By Rich Heidorn Jr. PJM’s expanded minimum offer price rule (MOPR) won’t hinder renewables as much as some had feared if the RTO’s interpretation of FERC’s Dec. 19 order is accepted by the commission, according to solar and wind trade groups and a new analysis by the Independent Market Monitor.
By Rich Heidorn Jr. PJM on Wednesday submitted proposed Tariff changes to comply with FERC’s controversial December order requiring expansion of the minimum offer price rule (MOPR) to new state-subsidized resources. A quick review of the 683-page filing did not reveal any major surprises (EL16-49, ER18-1314, EL18-178). The RTO had...
By Michael Yoder and Michael Brooks The average load-weighted, real-time LMP in PJM was $27.32/MWh last year, a 28.6% decrease from 2018 and the lowest in the RTO’s 21-year history, the Independent Market Monitor said Thursday. According to the Monitor’s annual State of the Market report, energy prices made up...
By Michael Yoder PJM’s Reliability Pricing Model is acquiring more capacity than needed, leading to dirtier, less efficient generation and billions annually in excessive costs for consumers, according to a report released Monday. Economist James F. Wilson said PJM is purchasing unnecessary capacity because of auction design features and inaccurate...
By Rich Heidorn Jr. PJM officials told stakeholders last week that revised calculations show lower floor prices for gas, nuclear and solar generating units under the expanded minimum offer price rule (MOPR). Last month, PJM and The Brattle Group received feedback from stakeholders on their initial calculations of net cost...
