Capacity News SMM

PJM Set To Hold Capacity Auction In June After Receiving Mixed FERC Decisions | Capacity News

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Ethan Howland reports in Utility Dive that after receiving two key Federal Energy Regulatory Commission decisions, the PJM Interconnection plans to hold its next capacity auction in June. Our Scott Niemann, Managing Director & Principal, said the FERC-approved changes will likely put upward pressure on capacity prices in most parts of PJM. Driven by pending power plant retirements, prices in PJM’s Southwest MAAC zone could break higher than the overall regional transmission organization.

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Emissions News

Will Virginia leave RGGI? | Emissions News

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At the end of July, regulations were published to withdraw Virginia from the Regional Greenhouse Gas Initiative (RGGI). The regulation, which was to take effect on August 30, 2023, requires that Virginia withdraw from the RGGI program at the end of this year. As expected, a legal challenge was filed immediately by the SELC.

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Platts 2023

Platts Global Power Markets™ Conference April 17-19

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The Platts Global Power Markets™ Conference connects the power industry at the Wynn Hotel in Las Vegas, from April 17-19. Schedule a meeting with our ESAI Team at the conference to learn how we can help you make better investment decisions. Our Tom Bausemer and Brian Doyle will be attending the event and if you are interested in meeting up with them to discuss our wholesale power market research reports, please fill out the form to the right.

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Emissions News

EPA Proposes Tightening Fine Particulate Matter Standard, Potentially Affecting Coal Power Plants | Emissions News

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Ethan Howland reports in Utility Dive that in a move that could add to regulatory requirements for coal-fired power plants, the Environmental Protection Agency on Friday proposed tightening the primary annual air quality standard for fine particulate matter, called PM 2.5, to a range of 9 micrograms per cubic meter to 10 µg/m3 from 12 µg/m3. Coal plants owners in nonattaintment areas for a revised standard will have to meet requirements outlined in any approved state plans for meeting the federal PM 2.5 limit, according to Julia Criscuolo, ESAI Power manager of renewables and emissions.

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Emissions News

Supreme Court’s EPA Decision to Impact Coal Plant Retirements | Emissions News

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Ethan Howland reports in Utility Dive that power plant owners have started the process of potentially retiring 3,228 MW of coal-fired generation in the PJM Interconnection’s footprint this month, according to the grid operator’s generator deactivation list. Another 1,024 MW of coal shut down last year. Looking at the explanations for the planned retirements, our Julia Criscuolo, ESAI Power’s Manager of Renewables and Emissions, said about a third are driven by environmental regulations, a quarter by unfavorable economics and roughly 20% by “end of life” plant issues.

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ACORE Finance Forum

ESAI Power Sponsors ACORE Renewable Energy Finance Forum | Renewables News

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ESAI Power is excited to spend time with clients, partners and friends at the ACORE Finance Forum in New York on June 7th & 8th and talk through Renewable Energy Project Finance challenges and opportunities. If you’re planning to attend, please email Brian Doyle on [email protected] to schedule a meeting with our Capacity or Renewable Energy teams.

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Energy News

ISO-NE Proposes Ending MOPR in 2025, with a Transition Aimed at Protecting Grid Reliability | Energy News

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Ethan Howland reports in Utility Dive that ISO New England has proposed ending its “minimum offer price rule” in 2025, with a transition that exempts up to 700 MW of qualified state-supported capacity — or roughly 2,000 MW of nameplate capacity — from the MOPR over the next two capacity auctions. Learn what Scott Niemann, ESAI Power director and principal, says about ending the rule.

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Emissions News

Coal Plant Owners Seek to Shut 3.2 GW in PJM in Face of Economic, Regulatory and Market Pressures | Emissions News

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Ethan Howland reports in Utility Dive that power plant owners have started the process of potentially retiring 3,228 MW of coal-fired generation in the PJM Interconnection’s footprint this month, according to the grid operator’s generator deactivation list. Another 1,024 MW of coal shut down last year. Looking at the explanations for the planned retirements, our Julia Criscuolo, ESAI Power’s Manager of Renewables and Emissions, said about a third are driven by environmental regulations, a quarter by unfavorable economics and roughly 20% by “end of life” plant issues.

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Capacity News

FERC Orders PJM To Change Reserve Market Rules, Delay Capacity Auctions | Capacity News

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Ethan Howland reports in Utility Dive that the Federal Energy Regulatory Commission on Wednesday ordered the PJM Interconnection to revise its reserve market rules, which will delay the grid operator’s upcoming capacity auction. This was a reverse of an earlier decision. In a 3-1 vote, FERC reaffirmed its previous decision to direct PJM to consolidate tier one and tier two reserve products, but said it had erred by approving changes to the grid operator’s operating reserve demand curves (ORDC), which help set the price for reserves. Our Scott Niemann, Director and Principal of ESAI Power said, “This rule change seems like a small detail, but the ripple impacts may be more significant and touch a lot of aspects of the PJM market.”

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Renewables Watch Press Release

ESAI Power Launches Renewables Watch for NYISO, ISO-NE & PJM Wholesale Power Markets | Press Release

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Today, ESAI Power, a market research and consulting firm, announced the immediate availability of its Renewables WatchTM Service which provides Class I REC (Renewable Energy Certificates) Price outlooks to 2030 for the ISO-NE & PJM power generation and transmission systems and the Supply & Demand Balance forecasts for the NYISO power generation and transmission system.

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