Markets – Page 15 – Thinking Port

Coal Use Rises, Prices Soar as War Impacts Energy Markets

March 8, 2022 admin ban, biden, Coal, exports, GERMANY, imports, Markets, natural gas, news, PRICES, Russia, u.s., uk, Ukraine, war

Credit to Author: Darrell Proctor| Date: Tue, 08 Mar 2022 21:58:08 +0000

The war in Ukraine is having a global impact on energy prices, not only driving the cost of oil higher, but also sending coal prices to record levels as demand for the fuel grows during a period of diminished supply. The Newcastle (Australia) futures price of thermal coal for power generation hit $435/ton on March […]

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Market Transitions: The MOPR Merry-Go-Round

March 1, 2022 admin Business, capacity markets, competitive markets, EIA, epsa, ferc, full coverage, Markets, mopr, news, pjm, policies, states, wholesale markets

Credit 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.

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Poland Secures NuScale SMR as Urgency for Nuclear Energy Ramps Up Across Central, Eastern Europe

February 16, 2022 admin AP1000, Bulgaria, Business, bwrx-300, central and eastern europe, climate change, Czech Republic, Environmental, Fuel, full coverage, ge hitachi, International, Markets, news, Nuclear, NuScale, Poland, Renewables, Romania, Russia, supply chains, Technology, Ukraine, voygr, Westinghouse

Credit to Author: Sonal Patel| Date: Tue, 15 Feb 2022 17:16:04 +0000

NuScale Power has signed a definitive commercial agreement with mining and processing firm KGHM Polska Miedź S.A. to deploy a VOYGR power plant of up to 924 MWe as early as 2029 to support KGHM’s copper and silver production in Poland. Under an “early works agreement” signed in a ceremony on Feb. 14 in the […]

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Winter Freeze Testing Texas Power Grid Reforms

February 4, 2022 admin arctic blast, Business, ercot, freeze, full coverage, generators, Markets, news, power reforms, puct, regualtors, reliability, winter

Credit to Author: Sonal Patel| Date: Fri, 04 Feb 2022 13:49:46 +0000

Parts of Texas have suffered localized, distribution-level power outages as an Arctic outbreak sent temperatures plummeting across the state, but its heavily scrutinized grid is largely prepared to weather the storm, state entities said. Frigid temperatures stemming from a large dome of Arctic high pressure are sending temperatures into the single digits and below zero […]

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Former FERC Commissioner Says ‘Market Design Problem’ Was a Leading Cause of February 2021 Texas Power Crisis

February 4, 2022 admin blackouts, Coal, ercot, february blackouts, federal energy regulatory commission, ferc, Gas, iso, Legal & Regulatory, Markets, news, Nuclear, O&M, outages, Policy, rto, Solar, T&D, texas, the power podcast, Wind

Credit to Author: Aaron Larson| Date: Thu, 03 Feb 2022 16:13:18 +0000

In February 2021, a severe cold weather event, known as Winter Storm Uri, caused numerous power outages, derates, or failures to start at electric generating plants scattered across Texas and the south-central U.S. The Electric Reliability Council of Texas (ERCOT), which manages the power supply for about 90% of the load in Texas, ordered a […]

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Infrastructure, Renewables, ESG Initiatives Lead Trends for 2022

February 3, 2022 admin biden, Business, Coal, Energy, Gas, Infrastructure, Markets, natural gas, offshore wind, oil and gas, Renewables, retirements

Credit to Author: George Koutsonicolis| Date: Thu, 03 Feb 2022 14:15:04 +0000

The Biden administration has made clear its intention to promote the transition to clean energy, setting ambitious goals like carbon neutrality for the power sector by 2035 and for the entire country by 2050. A critical step toward these goals was congressional passage of the $1 trillion Infrastructure Investment and Jobs Act (IIJA), which President […]

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Infrastructure, Renewables, ESG Initiatives Lead Trends for 2022

February 3, 2022 admin biden, Business, Coal, Energy, Gas, Infrastructure, Markets, natural gas, offshore wind, oil and gas, Renewables, retirements

Credit to Author: George Koutsonicolis| Date: Thu, 03 Feb 2022 14:15:04 +0000

The post Infrastructure, Renewables, ESG Initiatives Lead Trends for 2022 appeared first on POWER Magazine.

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Gas-Heavy ISO-New England Braces for Steep Influx of Wind, Solar, Storage

March 18, 2020 admin Business, carbon pricing, climate change, Coal, competitive markets, Environmental, ferc, Fuel, fuel security, Gas, infrastructure constraints, ISO New England, Markets, mystic, natural gas, news, Nuclear, pipelines, reliability, Renewables, rggi, Solar, state mandates, state subsidies, Technology, wholesale electricity markets, Wind

Credit 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 […]

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ERCOT Again Expects Tight Summer 2020 Conditions

March 17, 2020 admin Business, ercot, Markets, news, NRG Energy, reserve margins, sara, summer demand, Technology

Credit to Author: Sonal Patel| Date: Thu, 12 Mar 2020 13:49:52 +0000

The post ERCOT Again Expects Tight Summer 2020 Conditions appeared first on POWER Magazine.

Despite adding 513 MW of new capacity this year alone, the Electric Reliability Council of Texas (ERCOT) expects tight grid conditions this summer, and it warned it could declare an energy emergency depending on a combination of factors. Citing its newly released preliminary Seasonal Assessment of Resource Adequacy (SARA) assessment for the summer season (June–September), […]

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Exelon’s Peach Bottom Nuclear Plant Licensed for 80 Years—Will It Make It?

March 17, 2020 admin Business, courts, Environmental, Exelon, Legal & Regulatory, Legislative, license extension, Markets, news, NRC, Nuclear, nuclear power plant, nuclear subsidies, peach bottom

Credit to Author: Aaron Larson| Date: Thu, 12 Mar 2020 13:31:18 +0000

The post Exelon’s Peach Bottom Nuclear Plant Licensed for 80 Years—Will It Make It? appeared first on POWER Magazine.

The U.S. Nuclear Regulatory Commission (NRC) granted a 20-year license extension for Peach Bottom Atomic Power Station Units 2 and 3. The extension authorizes the two reactors—both of which began commercial operation in 1974—to continue operating through 2054. “We are pleased with the NRC’s decision to grant a subsequent license renewal for Peach Bottom Units […]

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