Deliverability key for US grid resiliency: NRG Energy CEO

Platts

Power deliverability is similarly important as fuel certainty in supporting US power system resiliency, NRG Energy’s CEO said in a podcast released Tuesday, so deliverability should be considered in any response to the US Department of Energy’s “resiliency” notice of proposed rulemaking.

In a Columbia Energy Exchange podcast released Tuesday by Columbia University’s Center on …

PJM debates energy price formation changes

Platts

As the PJM Interconnection advances the process of changing the way it calculates prices, stakeholders at a Thursday meeting discussed various market issues to be considered, including hedging, balancing congestion and demand curve modeling.

“We’re trying to fully capture what we want in the discussion under energy price formation,” …

ERCOT admits to violating Texas PUC rules on pricing, disclosures

Platts

The Electric Reliability Council of Texas has notified state regulators it has violated several state regulations and ERCOT protocols affecting prices and other issues, some since ERCOT’s nodal market start-up in December 2010, which one trader on Tuesday said was “troubling.”

In a filing Monday, ERCOT notified the Public Utility Commission of Texas it had violated rules related to the release of information on energy ancillary service offers, to the calculation of …

Summer 2018 ERCOT forwards surge

Platts

Summer 2018 ERCOT forwards surge as grid operator halves reserve margin
The Electric Reliability Council of Texas’ latest Capacity, Demand and Reserves Report, released Monday morning, cut the summer 2018 planning reserve margin in half compared with the May CDR, and summer forwards across the grid operator’s footprint jumped by about 10% shortly thereafter.

The planning reserve margin is the percentage by which resources are expected to exceed forecast peakload. The latest CDR indicates a summer 2018 reserve margin of …

Sempra’s offer to buy Texas electricity giant Oncor wins a key vote of confidence

Dallas Morning News

Jeff Mosier
The latest effort to free Oncor, Texas largest regulated utility, from bankruptcy court cleared an important hurdle Thursday.
A group of key stakeholders is backing the $9.45 billion plan to buy Oncor, which owns and manages power lines and related infrastructure for about 3.4 million business and homes, mostly in north and west Texas.
The sale now has the …

US solar installations fall

Platts

US solar installations fall, costs rise in third quarter: report
US solar installations third quarter dropped 51% from the same quarter a year ago, in large part because of a slowdown in installations in California, said a report the Solar Energy Industries Association and GTM Research released Thursday.

The report also said all solar market segments saw price increases in Q3 that stemmed from increases in module costs. Those increases, the report said, were “due to a global shortage of Tier 1 module supply,” as well as …