PJM, Facing Capacity Shortage as Early as 2026/2027 Delivery Year, Agrees to Lower Auction Price Cap

Credit to Author: Sonal Patel| Date: Wed, 29 Jan 2025 20:45:39 +0000

PJM Interconnection and Pennsylvania Governor Josh Shapiro have settled a lawsuit over PJM’s capacity market pricing, agreeing to lower the grid operator’s auction price cap from over $500/MW-day to $325/MW-day. […]

The post PJM, Facing Capacity Shortage as Early as 2026/2027 Delivery Year, Agrees to Lower Auction Price Cap appeared first on POWER Magazine.

Fig 3_PJM control room

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Restoration Efforts Continue Following Complete Blackout of Puerto Rico’s Power Grid

Credit to Author: Aaron Larson| Date: Thu, 02 Jan 2025 15:34:32 +0000

LUMA, Puerto Rico’s electric power transmission and distribution system operator, has struggled to restore power to some of its customers in the wake of an outage that left the entire […]

The post Restoration Efforts Continue Following Complete Blackout of Puerto Rico’s Power Grid appeared first on POWER Magazine.

LUMA-power-puerto-rico

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Five Critical Insights from NERC’s 2024 Long-Term Reliability Assessment

Credit to Author: Sonal Patel| Date: Thu, 19 Dec 2024 21:31:46 +0000

Well over half of North America faces a potential shortage of electricity supplies in the coming years, compounded by surging demand growth, accelerating generator retirements, and delays in resource development, […]

The post Five Critical Insights from NERC’s 2024 Long-Term Reliability Assessment appeared first on POWER Magazine.

In the 2024 LTRA, NERC finds that most of the North American bulk power system faces mounting resource adequacy challenges over the next 10 years as surging demand growth continues and thermal generators announce plans for retirement. This graphic shows NERC’s risk map with risk drivers and initial shortfall years. Courtesy: NERC

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Texas Mandates Cryptomining Registration, Power Demand Reporting, to Bolster Grid Reliability

Credit to Author: Sonal Patel| Date: Sat, 23 Nov 2024 15:09:36 +0000

The Public Utility Commission of Texas (PUCT) has adopted a rule for reliability purposes requiring cryptocurrency mining facilities in the Electric Reliability Council of Texas (ERCOT) region to register with […]

The post Texas Mandates Cryptomining Registration, Power Demand Reporting, to Bolster Grid Reliability appeared first on POWER Magazine.

Bitcoin mining

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