News

Renewable Energy PPA Trends & Outlook | Renewables Watch Blog

October 5, 2022

Renewable generation in PJM has been increasing over the past few years and will play a larger role in the market's resource mix going forward. Coal-fired capacity is retiring at a rapid pace, and the interconnection queue is heavily comprised of renewable capacity. There is approximately 133 GW of utility-scale solar, wind, and offshore wind projects with queue positions in various stages of development.

RGGI Auction 57 Clears At $13.45, A 3% Drop | Emissions Watch Blog

September 9, 2022

The most recent RGGI quarterly auction (Auction 57) was held on September 7, 2022. The clearing price was $13.45/ton, three percent lower than the clearing price of $13.90/ton on June 1, 2022 (see Figure 1). Although the clearing price was only $0.45/ton lower than the most recent auction, Auction 57 marks the first time since Auction 45 in September 2019 that the clearing price has declined from the previous auction.

Renewable Energy Development Challenges | Renewables Watch Blog

July 19, 2022

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

July 12, 2022

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.

Proposed EPA Rule Leads to Quadrupling Group 3 Ozone Season CSAPR NOx Prices | Emissions Watch Blog

June 7, 2022

The EPA issued a proposed rule in February 2022 that, if finalized, will implement significant programmatic changes, and establish lower emissions limits to the existing Group 3 Ozone Season Cross-State Air Pollution Rule (CSAPR) beginning in the 2023 ozone season. Following the issuance of this proposed rule, Group 3 CSAPR NOx allowance prices have quadrupled from approximately $6,500/ton in February to $28,500/ton (June 6).

RGGI Auction 56 Update: RGGI Auction Clears At $13.90 | Emissions Watch Blog

June 3, 2022

The most recent RGGI quarterly auction (Auction 56) was held on June 1, 2022. The clearing price was $13.90/ton, three percent higher than the clearing price of $13.50/ton on March 9, 2022 (see Figure 1). Although the clearing price was only slightly higher than the most recent auction, the $13.90/ton price marks the highest clearing price since the start of the program. Notably, the clearing price fell just short of the 2022 Cost Containment Reserve (CCR) trigger price.

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Capacity Watch: Provides a regional 10-year capacity price forecast and an in-depth analysis of current market issues. affecting price outcomes. Impacts of reserve margin surpluses and forward capacity market values.
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News

Renewable Energy PPA Trends & Outlook | Renewables Watch Blog

RGGI Auction 57 Clears At $13.45, A 3% Drop | Emissions Watch Blog

Renewable Energy Development Challenges | Renewables Watch Blog

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

Proposed EPA Rule Leads to Quadrupling Group 3 Ozone Season CSAPR NOx Prices | Emissions Watch Blog

RGGI Auction 56 Update: RGGI Auction Clears At $13.90 | Emissions Watch Blog

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