Market Monitor Blog
Your home for commercial electricity and natural gas market news—covering market factors like supply, demand, regulatory affairs, weather, and more.
FERC Approves PJM Request For Demand Response Changes
PJM has largely received Federal Energy Regulatory Commission approval for changes the grid operator said will result in the more efficient and flexible use of demand response. PJM late last year proposed the suite of changes over concerns that under current rules it was hamstrung in its ability to effectively… Read more
PJM Sets Capacity Auction, Seeks 165,007 MW Of Resources
PJM said it will open its capacity auction May 12, seeking 165,007 MW of resources for the 2017-18 delivery year. The grid operator will close the auction May 16, and issue a report on the results May 23. The resources sought cover the period from June 1, 2017 to May 31, 2018. In last year’s auction,… Read more
ISO-NE Monitor: New England Power Markets Were Competitive In 2013
ISO-New England’s independent market monitor reported that the region’s power markets were competitive last year, adding that higher wholesale prices were driven by an increase in natural gas costs. The 2013 Annual Markets Report also found that the value of the wholesale power market was up 45 percent… Read more
Delaware Bankruptcy Court Grants EFH Relief Motions In Chapter 11 Filing
Energy Future Holdings (EFH) announced that the U.S. Bankruptcy Court for the District of Delaware has granted the relief requested by the company in motions filed in conjunction with its Chapter 11 bankruptcy filing. Among other things, the court granted the company’s requests to continue to pay and… Read more
ISO-New England Expects To Have Enough Power To Meet Summer Demand
ISO-New England said it expects to have enough resources to meet peak electric demand this summer. The grid operator forecast that usage would peak at roughly 26,660 MW with temperatures of about 90 degrees F and 28,965 MW in an extended heat wave with temperatures of 95 F. To meet the summer demand,… Read more
EFH files for bankruptcy
Energy Future Holdings (EFH) announced on April 29 that it had filed for bankruptcy in a move that, while not unexpected, put a renewed spotlight on the importance of financial stability in the highly competitive Texas electricity marketplace. Read more
Report says Energy Future Holdings Moves Closer To Bankruptcy
Dallas-based Energy Future Holdings moved a step closer to a bankruptcy plan after a key creditor neared a reorganization agreement, Reuters reported. Sources told the news agency that Fidelity Investments, which holds some of Energy Future’s $45.6 billion of debt, is hashing out terms for the plan,… Read more
Coal’s Share Of ERCOT Generating Mix Continues To Gain
For the second straight month, coal’s share of ERCOT’s generation mix continued to make gains in February as natural gas’ share dropped. ERCOT’s 2013 Demand and Energy by Month report shows energy consumption across the grid operator’s footprint totaled 24.86 million MWh in February, compared with 21.79… Read more
PJM Study: Adding Renewables To Grid Would Slash CO2 Emissions
Raising renewable energy to 14 percent of the electricity supply operated by PJM would reduce CO2 emissions by 12 percent compared to 2011 levels, according to a study prepared for the grid operator. Under a 30 percent renewable energy penetration scenario, in which more than 100,000 MW of renewable… Read more
Midwest PJM: Spotlight on Transmission Cost Components in Ohio
In a 5-part Market Monitor Blog series entitled “Electricity Pricing Breakdown,” we have highlighted the various cost components that drive the total price which large commercial and industrial customers pay for electricity. The series is designed to apply more broadly to the ERCOT, NYISO, NEPOOL, and… Read more