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The New Jersey Board of Public Utilities received dozens of comments Wednesday on whether to leave the PJM capacity market in response to the expanded minimum offer price rule (MOPR). Forty filings were made by the May 20 deadline set by the NJBPU, which initiated the investigation in March to determine...

A new study finds that analyses by PJM’s Independent Market Monitor predicting increased costs for regions that exit PJM’s capacity market are skewed by their assumptions and should be redone to presume exiting states will maximize imports to counter local market power. "The reports’ cost estimates risk confusing or even...

PJM's Independent Market Monitor released a report Wednesday concluding that New Jersey ratepayers would likely see costs increase if the state left the RTO’s capacity market and instituted a fixed resource requirement (FRR). The New Jersey Board of Public Utilities opened a docket March 27 to investigate whether remaining in...

PJM’s Independent Market Monitor on Tuesday defended its conclusion that ratepayers are likely to see cost increases in jurisdictions that exit the RTO’s capacity market and adopt the fixed resource requirement (FRR) option. PJM IMM Joe Bowring | © RTO Insider Regulators in Illinois, New Jersey and Maryland have said...

The New Jersey Board of Public Utilities acted Monday to help solar project developers who face a looming registration deadline at the end of the month despite continued interruptions from the COVID-19 pandemic. The BPU unanimously passed special procedures for registrants in the Solar Renewable Energy Certificate (SREC) program who...

By Michael Yoder New Jersey is winding down a solar energy program that helped place the state near the top of solar production in the country. The New Jersey Board of Public Utilities announced Monday it was directing staff to close the state’s Solar Renewable Energy Certificate (SREC) registration program...

By Michael Yoder and Rich Heidorn Jr. FERC has ruled that two merchant transmission operators in New Jersey are still liable for some cost allocations under PJM’s Regional Transmission Expansion Plan (RTEP) despite converting from firm to non-firm service after the cancellation of the "Con Ed-PSEG wheel" in 2017 (ER18-680).

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. New Jersey Gov. Phil Murphy said Friday the state will procure the remainder of its 7,500-MW offshore wind goal in five solicitations through 2028. Murphy issued an executive order last November directing state officials to acquire 7,500 MW of offshore wind by 2035. The state awarded...

By Rich Heidorn Jr. Public Service Enterprise Group CEO Ralph Izzo expressed skepticism Wednesday that New Jersey utilities will abandon the PJM capacity market over the expanded minimum offer price rule (MOPR). "We will work cooperatively with the Board of Public Utilities in New Jersey and PJM to find the...