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Archive for the ‘Market Monitoring’ Category

2019 ERCOT 4CP (Four Coincident Peak) Seasonal Review

The 2019 ERCOT 4CP Season, which ended on the last day of September, witnessed new monthly records for August and September with the August peak representing a new record demand in ERCOT. On Monday, August 12, ERCOT established a new record overall peak level at 74,897 MW. This new level surpassed the previous record peak […]

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Texas Rate Cases 2019

CenterPoint Energy On April 5th, CenterPoint Energy filed an electric delivery rate increase request with the Public Utility Commission (PUC) of Texas. The requested adjustments would address a higher equity ratio and higher cost of equity for CenterPoint Houston, the Tax Cut and Jobs Act of 2017 that has significantly reduced the company’s cash flow. […]

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U.K. Triads Winter 2018/2019

The U.K. natural gas markets went into winter with significant risks due to the lack of long term storage increasing the need to supplement with potentially volatile LNG imports. Electricity markets were further at risk due to increased intermittent renewable generation. Seasonal baseload electricity and NBP prices pushed up ~50% between April and September 2018 […]

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NY 2020 Budget Eliminates LIPA Tax Exemption Program

Due to an amendment in the approved New York Fiscal Year 2020 Budget, electricity customers located in the Long Island Power Authority (LIPA) territory with third party electricity supply agreements will be returned to the utility by June 1, 2019. In the budget filed by New York Governor Andrew Cuomo’s administration, bills A. 2009 and […]

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Market Monitor – PG&E files Notice of Intention to declare Bankruptcy

January 14, 2019: Pacific Gas and Electric, California’s largest investor-owned utility, filed an official 15-day notice that it intends to file petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code on or about January 29th. A bankruptcy filing by PG&E will have a limited impact on our customers as the utility will likely […]

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Market Monitor – California Governor Signs Bill To Expand Direct Access Electricity Supply Program

On September 20, 2018, Governor Jerry Brown signed into law Senate Bill (SB) 237. SB 237 requires the California Public Utility Commission (PUC) to file a plan to increase California’s Direct Access (DA) annual electricity cap by 4,000 GWh on or before June 1, 2019. California Electric Load Currently Being Serviced By Third-Party Energy Suppliers […]

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Market Monitor – RPS Massachusetts: An Act to Advance Clean Energy

An Act to Advance Clean Energy On July 31st, the Massachusetts House overwhelmingly approved Bill 4857, An Act to Advance Clean Energy, with the Governor likely to sign the bill, making some alterations and additions to the current Renewable Portfolio Standards. For over a decade, Massachusetts lawmakers have been creating and adding to laws that […]

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Market Monitor – New Jersey Expanded Solar Program

On May 23, New Jersey Governor Phil Murphy signed into law the Act Concerning Clean Energy (the act), Assembly Bill A-3723, establishing new clean energy and energy efficiency programs and modifying New Jersey’s renewable energy portfolio standards (RPS). The act, which is effective immediately, directs the Board of Public Utilities (Board) to (i) increase the current RPS requirements; […]

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Market Monitor – PJM 2021/22 Base Residual Capacity Auction results in a more than doubling in Rest of RTO zone prices.

On May 23, the PJM Interconnection’s 2021/2022 Base Residual Auction results were released. The clearing price for the baseline “Rest of RTO” and many other zones increased significantly with the Rest of RTO price surging ~83% to $141/MW-day. ATSI saw the largest increase in capacity prices, rising over 100% to $158/MW-day. BGE saw an 87% increase […]

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