Congestion Watch Blog

Elevated Load Levels Culprit for Congestion in PJM, NYISO & ISO-NE | Congestion Watch Blog

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Temperatures across PJM, NYISO, and ISO-New England are expected to heat up and be the primary driver for congestion in July. Summer heat and potential re-distribution of the load profile due to individuals returning to work will keep eyes focused on demand fluctuations through the month. ESAI Power predicts very minimal generator or nuclear reactor outages in July, ultimately supporting the emphasis on demand levels.

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Congestion Watch Blog

Pennsylvania RGGI CO2 Limits, Illinois Energy Bill, and CSAPR Update | Emissions Watch Blog

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In this Emissions Watch blog, we provide updates on the Regional Greenhouse Gas Initiative (RGGI), an energy bill introduced in Illinois, the Ozone Season Cross-State Air Pollution Rule (CSAPR), and modifications to the federal Social Cost of Carbon. RGGI Update: Relative to Q1 2020, Q1 2021 emissions in the Regional Greenhouse Gas Initiative (RGGI) footprint were 29 percent higher (excluding new members NJ and VA).

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Energy Watch Blog

PJM Power Prices Likely To Heat Up This Summer | Energy Watch Blog

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ESAI Power’s summer forecast for power prices in PJM is bullish. Both Day-Ahead and Spot markets should see increased volatility due to stronger loads, robust gas prices, and generation retirements. In this blog, we’ll provide a preview into the ESAI Power Energy Watch bullish forecasts and expected generation changes that will impact energy prices in PJM, NYISO and ISO-New England. The upside potential for delivered natural gas and power prices across the Northeast will keep the ISO markets interesting in the upcoming months.

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Congestion Watch Blog

Higher Loads and Hotter Temps Drive Increased Electricity Demand in ISO New England, PJM & NYISO | Congestion Watch Blog

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Electricity demand will increase in June as temperatures rise and higher loads become the main driver for ISO New England, PJM and NYISO. Generator maintenance will no longer be a major factor in June. The power generation maintenance season will largely be completed by the end of May, and outage levels will be minimal throughout the summer. Significant transmission work continues in ISO New England, PJM and NYISO.

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Congestion Watch Blog

Net Zero by 2050 Emissions Reduction Mandates in New England | Emissions Watch Blog

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In today’s blog, we’re providing an excerpt from a recent preview to our next Emissions WatchTM that discusses two new Net Zero by 2050 emissions reduction mandates that were recently signed into law in New England. In Massachusetts, Governor Charlie Baker signed An Act Creating a Next Generation Roadmap for the Massachusetts Climate Policy. Rhode Island Governor Dan McKee signed a Landmark Act on Climate into law on April 10, 2021. Like the Massachusetts Act, it establishes specific emissions reduction mandates.

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Congestion Watch Blog

Increased Electricity Demand in PJM, NYISO & ISO-New England | Congestion Watch Blog

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Planned generator maintenance across the Northeast region will wind down during May and will largely be completed by the end of the month. Outage-driven congestion will shift to load-driven congestion as higher daytime temperatures increase electricity demand in PJM, NYISO, and ISO-New England. All three Northeast ISOs have scheduled significant transmission work throughout May. In New England, longer-term transmission outages will increase congestion in NEMA, RI, and SEMA.

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Energy Watch Blog

Energy Demand in NYISO, PJM, & ISO-New England and How They Impact Wholesale Electricity Prices | Energy Watch Blog

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Based upon changes in demand, we produce analysis and a price forecast to predict wholesale electricity prices in NYISO, PJM and ISO-New England. This week’s Energy Watch report provides an overview of load developments and a 10-year price forecast for each of the Northeast regions. In most areas of ISONY, 2021 energy demand is projected to be down slightly. Longer-term projections under the preliminary 2021 NYISO Gold Book are lower than the 2020 Gold Book projections.

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Capacity Watch Blog

PJM BRA 2022/23, ISO-NE FCA 16 Forecast and NYISO Capacity Price Forecast | Capacity Watch Blog

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Our Q1 Capacity Watch™ provides clients with an in-depth outlook on PJM, ISO-New England and NYISO Capacity prices. For ISO New England, we review the results for the Fifteenth Forward Capacity Auction (FCA15) recently conducted by ISO New England. In PJM, parameters have been released for the 2022/23 BRA, scheduled for May 2021. With a lower forecasted peak load, auction clearing prices are expected to decline in all PJM locations. In New York, the 2021 Summer Capability Period will begin in May.

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Transmission Watch Blog

Need Coordination Between Renewables and Energy Storage Deployment in NYISO | Transmission Watch Blog

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In our latest Transmission Watch report, we identify the need for coordination between renewables and energy storage development in NYISO.  ESAI’s analysts take an in-depth perspective on the New York Department of Public Services (NYDPS) initial report on the Power Grid to the New York Public Service Commission (NYPSC) in January. This Power Grid Study was mandated by the April 2020 Accelerated Renewable Energy Growth and Community Benefit Act. This study seeks to identify transmission investments that are necessary to achieve climate goals under New York’s July 2019 Climate Leadership and Community Protection Act (CPCLA).

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Energy Watch Blog

Feb Power Prices Surged, March Equinox Moderates Demand & RGGI Auction No. 51 update

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In the March issue of Energy Watch, we produce our 9-month Northeast Electricity Price forecast for PJM, ISO-New England, and NYISO.  Here is what to look for: 1) PJM power prices surged in February as cold winter weather boosted delivered natural gas prices. 2) On-Peak power prices in ISO-New England jumped to $82.90/MWH in February as cold winter weather drove the average price of delivered natural gas at Algonquin Citygate to $8.89/MMBtu. 3) New York power prices climbed in February as cold weather supported strong gas prices. On-peak power prices in Zones J and G cleared at $73.89/MWh and $67.41MWh, respectively.

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