Sentences with phrase «capacity auction»

We use an example from Baltimore Gas and Electric to look at how efficiency in capacity auctions translates directly to bill savings for residential customers.

Exelon Corp. (NYSE: EXC) announced that the Quad Cities and Three Mile Nuclear plants did not clear the PJM capacity auction for the 2019 - 2020 planning year, increasing the probability of closing the dual - unit Quad Cities plant.

«PJM had sought the changes to provide greater certainty to market participants in the upcoming annual capacity auction in light of the questions surrounding demand response following the EPSA decision,» the operator said.

The Quad Cities Generating Station and Three Mile Island nuclear plants it owns failed to clear the PJM capacity auctions for 2019/2020 — meaning plants with lower energy costs won the auction — and it's unclear how the plants can survive beyond 2019.

But accounting for demand response and paying for it are different things, and PJM's proposal notes that it will be clearing capacity auctions in 2015, including the Base Residual Auction in May.

«Under ISO - NE's proposal, it would clear the Forward Capacity Auction as it does today, applying the minimum offer price rule (MOPR) to new capacity offers to prevent price suppression.

PJM has been gradually integrating stricter capacity requirements into the market: In the last two forward capacity auctions, 80 % was allocated to a new Capacity Performance product and 20 % to Base Capacity.

Industry input is especially important in the current environment, because the proposed shift to incremental capacity auctions (ICA) are likely to boost GHG emissions from Ontario's grid, so mechanisms to include low - emission sources are needed to balance the reliance on the ICA for supply adequacy.

Recent solar - power capacity auctions have come in at record low levels, underscoring how quickly the costs of renewable energy are falling: $ 0.053 / kwh in India, $ 0.035 / kwh in Mexico, $ 0.024 / kwh in Abu Dhabi, $ 0.029 / kwh in Chile, and $ 0.039 / kwh in the United States.

The closing price of $ 76.53 per megawatt - day for PJM's 2020/2021 capacity auction shows that the market is meeting the goal of «reliability at the lowest reasonable cost» while attracting «efficient, high performing and competitive resources that support reliability,» according to PJM president Andrew Ott.

The first capacity auctions, for delivery in 2018, have been heavily oversubscribed suggesting there will be more than enough generation available.

In a statement released online following the outcome of the EA, Limejump said: «The clear winners of the T1 / EA Capacity Auction were anyone with existing generation and interconnectors (96.4 %).

availability for resources bid into PJM's annual capacity auction.

Results of PJM's most recent capacity auction in May yielded 10,975 MW of demand response resources and PJM noted that there was a shift to types of resources that have more flexibility and a greater contribution to reliability.

A week after PJM Interconnection announced the results of its forward capacity auction, Exelon began planning the early retirement of its Clinton and Quad Cities nuclear plants in Illinois.

Results of PJM's capacity auction in May yielded 10,975 MW of demand response resources and the operator noted that there was a shift to types of resources that have more flexibility and a greater contribution to reliability.

American Electric Power announced Sept. 10 that 7,209 MW of the company's unregulated generation fleet in the PJM Interconnection market cleared the capacity auction for the 2018 - 2019 delivery year, representing all of the capacity that AEP Generation Resources bid into the auction.

Controversial rules that went into effect last year require year - round availability for resources bid into PJM's annual capacity auction.

The grid operator is also in the midst of a plan to let subsidized coal and nuclear plants leapfrog over competitors in bidding into that annual capacity auction.

PJM's President and Chief Operating Officer Andy Ott announced proposed changes to its annual capacity auctions this month, and the grid operator's board will vote on those changes in February.

Both also noted that PJM's stakeholder group had been discussing issues relating to the capacity auction for almost a year.

A group of Illinois nonprofits seeks to bundle together enough clean demand response, renewable resources and energy storage to bid it into the PJM Interconnection's capacity auction.

Under the plan, a subsidized plant could bid into the capacity auction at an artificially low price, forcing out other unsubsidized generators with lower costs.

On April 9, grid operator PJM asked the Federal Energy Regulatory Commission to consider a «repricing» proposal for its annual capacity auctions.

The repricing proposal would ensure that state - subsidized coal and nuclear plants clear the annual capacity auctions.

The proposal would phase out the current Renewable Technology Resource (RTR) exemption, which has allowed ISO - NE to clear 200 MW of renewable generation in its capacity auction annually (to a maximum of 600 MW) without regard for the MOPR.»

Part of the drop resulted from uncertainty while the use of demand response in the capacity auction was litigated in federal court.

Wind energy has become so competitive in the Brazilian electricity market that the government has had to change the rules of its capacity auctioning system, and exclude wind energy from some bids, to ensure that some gas - fired generation is built.

«To assure that generation which successfully cleared the capacity auction is available to run when needed and called on, PJM is asking the Federal Energy Regulatory Commission to approve its proposal for incenting performance and penalizing non-performance.»

In the wake of the auction, one developer of pumped hydro storage had described the capacity auction as «evidence of a broken market».

The lawmakers also laid out a more specific policy for putting the NOPR's vague concepts into action, suggesting that baseload resources be provided value for reliability and resiliency «during the capacity auction process» used by most interstate grid operators to secure generation supply for reliable operation across all hours, days and seasons of the year.

An important element of the program was that the power plant subsidies were conditioned on the plant clearing the capacity auctions, and it consequently exerted downward pressure on auction prices.

The first stage would be a capacity auction run just as it is today, including a «minimum offer price rule» (MOPR).

Exelon «couldn't have played its hand any better in the capacity auction,» one account of the UBS analysis reported.

In anticipation of the changes, the capacity auctions for the 2015 to 2016 year in PJM territory procured a record amount of new generation for one year, nearly 5,000 megawatts.

Low - cost efficiency reduces both the number of units procured in the capacity auctions and the price paid to all resources.

We highlight historical and current issues in how efficiency is represented (or underrepresented) in load forecasting methodologies, as well as examples of the benefits of accounting for efficiency in both the load forecast and the capacity auctions.

Along with new gas resources, the capacity auction procured nearly 15,000 megawatts of demand response and energy efficiency.

Quad Cities, facing thousands of megawatts of new gas - fired generation fueled by historically - low commodity prices, failed to clear the PJM capacity auction.