Credit to Author: Sonal Patel| Date: Tue, 01 Aug 2023 04:13:00 +0000
Once a giant pure-play independent power producer, NRG Energy has cultivated a legacy of pioneering business models to withstand waves of change in the power sector. Its latest strategic shift pivots from
The post NRG Energy’s Pivot Amid Power Sector Change appeared first on POWER Magazine.
Read moreCredit to Author: Sonal Patel| Date: Thu, 05 May 2022 16:49:05 +0000
The Electric Reliability Council of Texas (ERCOT) and the Midcontinent Independent System Operator (MISO) over the past week separately expressed concerns about power supply uncertainties in the face of upcoming warmer-than-normal temperatures. MISO raised an alarm on April 28 when it said that it projects “insufficient firm resources” to cover the summer peak under typical […]
The post ERCOT, MISO Warn of Potential Power Supply Shortfalls appeared first on POWER Magazine.
Read moreCredit to Author: Kennedy Maize| Date: Tue, 01 Mar 2022 05:11:00 +0000
The PJM Interconnection’s Minimum Offer Price Rule (MOPR) was introduced in 2006 as a floor to bar new generators from artificially depressing capacity auction clearing prices through below-cost bids.
The post Market Transitions: The MOPR Merry-Go-Round appeared first on POWER Magazine.
Read moreCredit to Author: Sonal Patel| Date: Thu, 12 Mar 2020 13:50:16 +0000
The post Gas-Heavy ISO-New England Braces for Steep Influx of Wind, Solar, Storage appeared first on POWER Magazine.
While it is currently highly dependent on natural gas generation today, about 95% of ISO-New England’s (ISO-NE’s) interconnection request queue—a proposed total capacity of 20.9 GW—comprises wind, solar, and battery projects. That clearly indicates that developers in New England’s wholesale market “are looking to take advantage of state incentives, declining technology costs, and revenues from […]
The post Gas-Heavy ISO-New England Braces for Steep Influx of Wind, Solar, Storage appeared first on POWER Magazine.
Read moreCredit to Author: Sonal Patel| Date: Thu, 26 Dec 2019 16:16:59 +0000
The post The Significance of FERC’s Recent PJM MOPR Order Explained appeared first on POWER Magazine.
A divided Federal Energy Regulatory Commission (FERC) issued a long-awaited order on Dec. 19 in which it directed PJM Interconnection to dramatically expand its Minimum Offer Price Rule (MOPR) to nearly all state-subsidized capacity resources. The order will have a significant impact on PJM’s capacity market. While it was no surprise that the decision immediately […]
The post The Significance of FERC’s Recent PJM MOPR Order Explained appeared first on POWER Magazine.
Read moreNRG Energy, which recently shed a substantial portion of its competitive generation portfolio and has shifted efforts to stimulate growth of its retail business, unveiled a simplified renewables procurement process that does not require a power purchase agreement (PPA). The company on October 18 launched “Renewable Select,” a plan that it says transforms the “lengthy […]
The post NRG Renews Emphasis on Retail with PPA-Free Renewables Service appeared first on POWER Magazine.
Read moreIt’s no secret that U.S. nuclear and coal-fired power plants are struggling to remain viable in competitive markets. Many plants have been retired for economic reasons long before the facilities reached the
The post Can Coal and Nuclear Power Plants Be Saved? appeared first on POWER Magazine.
Read moreIn a 3–2 decision, the Federal Energy Regulatory Commission (FERC) rejected approaches filed by PJM Interconnection to reform its capacity market, whose integrity and effectiveness has been increasingly and “untenably threatened” by state subsidies for preferred generation resources, the federal regulatory body acknowledged. The June 29 order sharply divided the commission, prompting Democrat Commissioners Cheryl LaFleur […]
The post FERC Nixes PJM’s Fixes for Capacity Market Besieged by Subsidized Resources appeared first on POWER Magazine.
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