Capacity Market
ISO-NE filed the results of its ninth Forward Capacity Auction with FERC on Friday, starting the clock on a 45-day comment period.
FERC approved PJM’s request to retain 2,000 MW of capacity in yesterday’s third Incremental Auction for 2015/16 but rejected its request to purchase capacity outside of the RPM.
FERC once again dashed the hopes of the New England congressional delegation seeking to challenge the results of last year’s ISO-NE capacity auction.
PJM set a new winter record for electricity use Friday, with demand hitting about 143,800 MW as dozens of cities broke low temperature records.
PJM rejected most of the criticism of its Capacity Performance proposal, but dropped its proposed change in the method for determining the capacity obligations of load-serving entities.
David Cruthirds brings this report from the Gulf Coast Power Association’s Feb. 5 special briefing: “Challenges & Changes in Energy on the Bayou.” Among the topics discussed were Entergy’s growth plans, Year 1 in MISO South and the RTO’s ongoing seams battles.
PJM officials are seeking manual changes to document rules on generator notification and start-up times they said had been authorized by members in 2012.
PJM says critics of its requests to safeguard capacity for the 2015/16 delivery year ignored the context of its filings with FERC.
New generators from Exelon, LS Power and Competitive Power Ventures were the apparent winners in ISO-NE's capacity auction, while NRG Energy and Public Service Enterprise Group walked away empty handed.
The 36% increase in prices in last week’s ISO-NE capacity auction likely represents the peak for the foreseeable future.
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