Natural Gas
2023 began with a mild winter, setting the pace for a relatively quiet year in which natural gas and wholesale electricity prices dropped and the U.S. added a net 26 GW in generation capacity.
Average load-weighted electricity prices in PJM fell by around half in 2023, the Independent Market Monitor said in its annual State of the Market Report.
The Operating Committee was briefed on one of NYISO’s most humdrum winters, characterized by high temperatures, low gas prices and below-average loads.
ISO-NE presented the NEPOOL Markets Committee with additional results of the impact analysis for the RTO’s resource capacity accreditation project, which looked at how changes to the resource mix would affect the seasonal distribution of shortfall risks.
The New York State Reliability Council Executive Committee approved for industry review two new proposed reliability rules aimed at revising NYISO’s transmission planning requirements to account for fuel shortages at gas-fired power plants.
New Jersey's grid upgrade bill would require each of the state’s four electric utilities to develop and implement a plan to modernize the electric transmission and distribution system.
Nevada regulators approved NV Energy’s plan to convert its last coal-fired power plant to natural gas, while also allowing the company to move forward with a $1.5 billion, 400-MW solar-plus-storage project.
Utility executives told state regulators that natural gas and nuclear power will be part of the electric mix for decades as the industry decarbonizes.
The Environmental Protection Agency is delaying new emissions restrictions for existing natural gas-fired power plants.
Advanced Energy United has released a scorecard that ranks the seven domestic ISO/RTOs on their generator interconnection processes, finding room for improvement in every one.
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