Energy Watch Blog

PJM Load Forecast Update | February 2024 | Energy Watch Blog

ESAI Power’s latest Energy Watch market update includes our current 10-year power and natural gas price forecast across PJM, NYISO and ISO-NE. The update also includes our natural gas price forecast, based on our fundamental long-term view, along with forward market prices for the initial years. This blog post will delve into the critical details behind our near-term and long-term 10-year energy market forecast for ISO-New England.

Emissions News

Will Virginia leave RGGI? | Emissions News

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.

Generation Asset Monitor

PJM Interconnection Process Update | Generation Asset Monitor Blog

Earlier this month, PJM issued an update on its new process for studying New Service Requests from generators seeking Interconnection Service Agreements (ISAs) or Wholesale Market Participant Agreements (WMPAs). This new process was approved by the Federal Energy Regulatory Commission (FERC) on November 29, 2022, and was implemented to address the significant backlog of generation projects with queue positions awaiting ISAs or WMPAs.

Capacity Watch Blog

MISO Capacity Price Forecast PRA 2023/24 | Capacity Watch Blog

ESAI brings 20 years of experience analyzing and forecasting the Capacity Markets in PJM, ISO-NE and NYISO, into our new Capacity coverage of MISO. ESAI also maintains a MISO Energy Asset Database (Delivered to subscribers in excel) that tracks the MISO Interconnection queue to forecast Renewables Additions that produces a Probability Weighted Renewable Additions forecast, any Fossil Additions, and also any plant Retirements or forecasting plants at risk of retirement. 

Renewables Watch Blog

Renewable Energy Development Challenges | Renewables Watch Blog

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.

Emissions News

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

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.