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By William Opalka FERC accepted the results of ISO-NE’s 10th Forward Capacity Auction last week, again rejecting allegations of market manipulation and concluding that the prices were just and reasonable (ER16-1041). Brayton Point Wikipedia The auction, covering the 2019/20 commitment period, saw prices drop to $7.03/kW-month from last year’s $9.55/kW-month.
By William Opalka Staff members are recommending that the Maine Public Utilities Commission not approve natural gas pipeline capacity contracts paid for by electric and gas customers. Opponents of the Northeast Energy Direct pipeline marching in protest. (Source: PopularResistance.org) An Examiners’ Report released last week said market changes since the...
Del Mar Releases Climate Action Plan Del Mar became the second city in San Diego County — after San Diego — to announce an objective of moving to 100% renewable energy by 2035. That goal is part of a larger climate action plan to reduce the city’s greenhouse gas emissions. The...
By William Opalka RENSSELAER, N.Y. — NYISO’s Market Monitoring Unit is recommending changes to the capacity market and planning processes in import-constrained zones as a result of a New York generating plant’s successful offers into the last two ISO-NE Forward Capacity Auctions. Pallas LeeVanSchaick of Potomac Economics outlined the recommendations...
The average real-time price of wholesale power in New England fell by more than a third last year, according to the 2015 Annual Markets Report by the Internal Market Monitor of ISO-NE. Prices dropped more than $22/MWh to $41, as the average price of natural gas fell 41% to $4.73/MMBtu...
CO2 Emissions down as Coal Plants Used Less The state is already meeting the carbon dioxide emissions target under the final year of EPA’s Clean Power Plan, thanks to reduced use of coal-fired power generation because of the low price of competing natural gas. The state’s carbon emissions were 30.1...
By William Opalka Electric and gas utilities tried to convince FERC at a technical conference last week that targeted release of natural gas capacity to generators would alleviate supply constraints and help lower prices. Other participants said the proposal is premature, ill-defined, discriminatory and interferes with the wholesale power market.