Natural Gas
FERC has opened three investigations into questionable activity from last winter but has not found evidence of “widespread market manipulation."
Although the grid demonstrated its resiliency during January’s polar vortex, more needs to be done to prepare generators for future cold spells, NERC said in a report released today.
Virtually all of the stakeholders who commented on PJM's proposed Capacity Performance product agreed that it goes too far, creates too much risk and is being rushed through the stakeholder process too quickly.
Natural gas industry representatives reacted coolly to the idea of a centralized gas trading platform, suggesting the industry could improve its service to electric generators through smaller, incremental changes.
Duke Energy, Dominion Resources and other partners last week proposed a 550-mile, $5 billion pipeline to carry natural gas from the Marcellus and Utica shale formations to Virginia and eastern North Carolina.
PJM yesterday proposed sweeping changes to the capacity market, including a new product, to address winter reliability concerns.
PJM will increase performance penalties and incentives and seek ways to incorporate firm gas transportation in energy prices under an initiative announced last week to reduce generator outage rates during winter.
PJM members approved yet another initiative to address reliability concerns over gas-fired generators, agreeing to consider changes to the way such units submit energy and capacity market offers.
PJM will likely change its planning assumptions based on an analysis that found a strong correlation between wind chill indices and generator outages.
As temperatures soared into the 80s outside PJM offices last week, stakeholders began debating how to avoid a repeat of the gas dispatch operational problems from last winter.
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