Electricity

ERCOT congestion rights value falls in latest auction

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ERCOT congestion rights value falls in latest auction
Houston (Platts)
Congestion revenue rights acquired in the Electric Reliability Council of Texas auction for January totaled $14.6 million, about 7% less than the December total, results posted Tuesday show.

The total January capacity acquired in the auction was 143,480 MW, about 2.2% more than the December auction’s total.

Of the January value, about $7.6 million was for 48,799 MW in obligation CRRs, and about $7 million was for 94,681 MW in option CRRs. The dollar value of December CRRs was $15.7 million. …(more)

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Electricity, Generation

EPA Admits Emissions Rules Disrupt Market

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EPA agrees with GenOn: court should avoid market disruptions
Washington (Platts)
The US Environmental Protection Agency says it agrees with a request by coal-fired utilities that a federal court should avoid disrupting the markets for emissions allowances and electricity when it decides on whether to stay a new rule to reduce interstate air pollution from the power sector.

The agency, in a filing Friday, told the US Court of Appeals for the District of Columbia Circuit that there is “significant public interest in protecting the integrity of these trading markets,” and the court should take appropriate measures to ensure market interests learn of any decision on the stay motions at the same…