New Jersey Division of Rate Counsel
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FERC approved LS Power’s deal to sell 12.9 GW of its gas generation in PJM, NYISO and ISO-NE, as well as its 6-GW demand response business, CPower, to NRG Energy for $12 billion.
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PJM’s Public Interest and Environmental Organization User Group voiced mixed views on the RTO’s policy trajectory, praising advances in generation interconnection over the past year while raising concerns about rising costs and transparency.
Synapse Energy Economics
The Evergreen Collaborative and consultant Synapse Energy Economics of Massachusetts released a report that predicts a 60% hike in residential bills will be reached by 2036 to 2040 if PJM continues on its current path.
EIA
A more than 40% decline in New Jersey solar installation capacity from 2023 to 2024 has added to the debate over how to retool the state’s net-metering system to help advance the solar sector.
Greenbacker Renewable Energy Company LLC
Solar developers are urging the New Jersey Board of Public Utilities to extend the completion timelines in the agency’s proposed storage development plan.
PJM
Several state consumer advocates filed a complaint at FERC alleging PJM’s capacity market is failing to mitigate market power, overestimating future load and producing high clearing prices that generation owners cannot act on.
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An unprecedented heat wave that triggered a double-digit hike in residential use in New Jersey is being blamed for dramatic spikes in customer electricity rates over the summer.
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The Independent Market Monitor has argued energy efficiency can’t participate as a capacity resource because the load reductions already are accounted for in PJM’s load forecast.
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Three state consumer advocates filed a complaint against PJM with FERC, alleging the RTO’s treatment of energy efficiency resources is unduly discriminatory and is not properly documented in its governing documents.
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The New Jersey Legislature appears to be backing bills that would allow offshore wind developer Ørsted to directly received federal tax credits for its Ocean Wind 1 project.
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