Electricity, Generation

PJM capacity market overhaul largely survives second look by FERC

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S&P Global Platts

Authors Jasmin Melvin and Zack Hale

Washington — A divided Federal Energy Regulatory Commission voted Thursday to approve key clarifications to its overhaul of PJM Interconnection’s capacity market in a move that also cleared the way for legal challenges related to the closely-watched proceeding to move forward.

During its monthly open meeting, FERC largely affirmed a June 2018 order (EL16-49) in which a deeply divided commission found that PJM’s then-existing capacity market rules failed to …

Electricity, Generation

Industry observes split over ERCOT load reductions impact on summer pricing

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S&P Global Platts

Author: Mark Watson

Houston — Industry observers are divided over whether the Electric Reliability Council of Texas’ energy-only market’s all-important summer pricing will be significantly moderated this summer, if Texas’ coronavirus stay-at-home advisory has long-term effects on the state’s economy.

On Tuesday, ERCOT announced that its load analysis shows that morning power demand curves have averaged 6 to 10% lower during typical morning ramp times of 6 am to …