Energy Market
AEP must provide PJM’s Independent Market Monitor (IMM) with requested cost data for a gas-fired plant the company owns in West Virginia, FERC ruled Tuesday.
FERC officials and RTO executives still had more questions than answers this week regarding the Department of Energy’s (DOE) plans for rescuing at risk nuclear and coal plants.
President Trump on Friday ordered Energy Secretary Rick Perry to take immediate action to prevent the loss of coal and nuclear plants, saying the economic and environmental challenges forcing their retirements threaten national security.
FERC is reconsidering its past decision not to order refunds in the ongoing dispute over Entergy's equalization of production costs.
PJM and the Monitor presented members with separate proposals to revise the long-term financial transmission rights market.
CAISO’s first-quarter (Q1) revenues were $1.2 million more than it had budgeted, primarily because of entrance fees it collected for the EIM.
Capacity auction prices increased sharply in most of PJM for delivery year 2021/22, with demand response and energy efficiency making gains while cleared nuclear power capacity dropped.
MISO’s Steering Committee submitted eight new possible market improvement ideas to the Market Subcommittee for stakeholder discussion.
New Jersey Gov. Phil Murphy signed legislation to subsidize the state’s nuclear generating fleet and boost renewable generation including solar, storage and offshore wind.
NYISO power prices averaged $35/MWh in April, up from $29.91/MWh in March and $31.06/MWh the same month a year ago.
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