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By Tom Kleckner The shale gas revolution that has undercut the economics of coal and nuclear plants doesn’t appear to be ending anytime soon. Economists Craig Roach and Vincent Musco say the revolution will continue, despite evidence that “there is a limit to how low natural gas prices can go...

By Rory D. Sweeney The rush to build new generation in PJM might be over, if analysts are correctly reading the tea leaves of yesterday’s PJM capacity auction results. Base Residual Auction prices for Delivery Year 2020/21 fell to $76.53/MW-day in most of the RTO, down from $100 last year.

Turbulent spring weather in MISO South and more expensive natural gas contributed to MISO’s highest energy prices since December. Real-time energy prices averaged $30.03/MWh during April while day-ahead prices averaged $30.77/MWh, the first time prices have exceeded $30/MWh since December. The higher prices were due in part to about $3/MMBtu...

By Rory D. Sweeney and Rich Heidorn Jr. PJM’s first capacity auction requiring year-round availability saw prices drop by one-quarter in most of the RTO, with only the EMAAC and Duke Ohio-Kentucky regions recording increases. Base Residual Auction prices fell to $76.53/MW-day in most of the RTO, down from $100...

Below is a summary of the issues scheduled to be brought to a vote at the Markets and Reliability Committee on Thursday. The Members Committee held its monthly meeting last week at PJM’s Annual Meeting. (See related coverage, PJM Annual Meeting Celebrates RTO’s First 90 Years.) Each item is listed...

By Michael Kuser NYISO’s Power Trends 2017 report shows an electric system of flat peak demand adapting under pressure from both public policy requirements and changes in consumption patterns. However, stark regional differences make the ISO “a tale of two grids,” CEO Brad Jones said in a media briefing on...

By Michael Kuser RENSSELAER, N.Y. — Significant natural gas price spreads between Western and Eastern New York in 2016 led to New York City generation being “more economic than in recent years,” Pallas LeeVanSchaick of Potomac Economics, director of NYISO’s Market Monitoring Unit, told the ISO’s Business Issues Committee on...

RENSSELAER, N.Y. — NYISO reported Wednesday that natural gas prices rose 73% in April year-on-year but were still “historically low.” Natural gas (Transco Z6 NY) in April cost $2.81/MMBtu, down from $3.49/MMBtu in March. In his Market Operations Report to the Business Issues Committee, Rana Mukerji, senior vice president for...

By Robert Mullin Reforms to CAISO’s congestion revenue rights auctions will come only after painstaking analysis of what is causing the auctions to pay out significantly more money than they take in as revenue, the ISO official leading the effort told stakeholders Tuesday. The shortfalls have cost California ratepayers more...

By Robert Mullin It typically takes “two or three or four things” to occur for CAISO declare a grid emergency, according to Tim Beach, an operations shift manager with the ISO. “Which is what played out here on May 3,” Beach said during a May 16 Market Performance and Planning...