Houston — The Electric Reliability Council of Texas must continue using scarcity pricing mechanisms after a peaker net margin threshold has been crossed which lowers the systemwide offer cap from $9,000/MWh to $2,000/MWh, Texas regulators ordered Thursday.
The Public Utility Commission of Texas adopted without discussion an order on a rulemaking addressing scarcity pricing issues, which includes the following provisions: …
Washington — Having received the nod from the Federal Energy Regulatory Commission, New York’s grid operator is moving forward with a proposal to prepare its real-time market settlement rules for the expansion of wholesale market participation by energy storage resources.
New York currently has about 30 MW of energy storage capability, all located downstate, but its grid operator anticipates that figure growing to more than 1,000 MW by 2025 and nearly …