Electricity

PJM power prices lowest since energy market created, market challenges persist: monitor

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S&P Global Platts

Author Jared Anderson

New York — PJM Interconnection’s inflation adjusted load weighted real-time energy prices were lower in the first nine months of 2019 than in the corresponding period of any year since PJM’s energy market was created in 1999, the independent market monitor said Thursday.

The locational marginal price was 30.0% lower in the first nine months of 2019 than in the first nine months of 2018, at $27.60/MWh versus $39.43/MWh, the IMM, Monitoring Analytics, said in its Quarterly State of the Market Report for PJM: January through September.

Of the $11.83/MWh decrease, 34.2% was a result of …

Transmission

Southwest Power Pool board to mull $336 million portfolio of wires upgrades, mostly for wind

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S&P Global Platts

Houston — State regulators for the Southwest Power Pool learned Monday that the grid operator plans to ask the SPP board of directors on Tuesday to approve $336 million worth of transmission projects to help accommodate continued strong growth in wind generation in the sprawling footprint.

“On average, we would expect congestion costs lower by 63 cents/MWh, or 21%, which is a fairly significant reduction,” said Lanny Nickel, SPP vice president for engineering, during Monday’s SPP Regional State Committee meeting, as he presented the proposed …