https://www.esaipower.com/wp-content/uploads/2021/03/Capacity-Watch-Blog.jpg 628 1200 Tom Bausemer http://esaipower.x2webs.net/wp-content/uploads/2017/10/new_top_logo.png Tom Bausemer2022-05-13 11:36:022022-05-17 08:47:19PJM BRA 2023/24 Capacity Price Forecast | Capacity Watch Blog
ESAI Power’s recent Capacity Watch includes our forecast for the PJM BRA 2023/24. Our PJM analysis this quarter includes ESAI’s forecast for the PJM BRA 2023/24 and reflects upon MOPR, MSOC, ELCC and VRR Curves.
https://www.esaipower.com/wp-content/uploads/2021/03/Congestion-Watch-Blog.jpg 628 1200 Tom Bausemer http://esaipower.x2webs.net/wp-content/uploads/2017/10/new_top_logo.png Tom Bausemer2022-03-23 11:00:452022-05-13 21:52:17Outage-Related Transmission Constraints to Impact Power Prices in PJM, NYISO & ISO-NE | Congestion Watch Blog
Congestion in April will largely be driven by outage-related transmission constraints, as maintenance for both generator and transmission kicks into gear. Electricity demand across the Northeast RTOs bottoms out in April, moderating demand-driven congestion. However, while warmer temperature forecasts moderate April load expectations in New England and New York, warmer-than-normal April weather is likely to trigger some cooling demand and increased electricity consumption in PJM.
https://www.esaipower.com/wp-content/uploads/2022/04/Emissions-News.jpg 628 1200 Olivier Sartor http://esaipower.x2webs.net/wp-content/uploads/2017/10/new_top_logo.png Olivier Sartor2022-03-22 16:00:292022-04-06 08:53:48Coal Plant Owners Seek to Shut 3.2 GW in PJM in Face of Economic, Regulatory and Market Pressures | 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.
https://www.esaipower.com/wp-content/uploads/2021/03/Emissions-Watch-Blog-1.jpg 628 1200 Tom Bausemer http://esaipower.x2webs.net/wp-content/uploads/2017/10/new_top_logo.png Tom Bausemer2022-03-01 14:00:402022-05-13 21:53:24EPA Wastewater Rules and PJM Coal Retirements | Emissions Watch Blog
Coal-fired power plants are subject to a myriad of federal environmental regulations that have led to significant retirement waves when plant owners face capital expenditures for compliance that cannot be supported by market revenues. Many coal plant owners are now facing significant potential compliance costs due to rules regulating disposal of coal combustion residuals (CCRs). CCRs, also known as coal ash, are produced from the process of burning coal and operating flue gas desulfurization equipment at coal-fired facilities.
https://www.esaipower.com/wp-content/uploads/2022/04/Capacity-News.jpg 628 1200 Olivier Sartor http://esaipower.x2webs.net/wp-content/uploads/2017/10/new_top_logo.png Olivier Sartor2021-12-23 16:00:032022-04-11 10:35:39FERC Orders PJM To Change Reserve Market Rules, Delay Capacity Auctions | Capacity News
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."
https://www.esaipower.com/wp-content/uploads/2021/03/Congestion-Watch-Blog.jpg 628 1200 Tom Bausemer http://esaipower.x2webs.net/wp-content/uploads/2017/10/new_top_logo.png Tom Bausemer2021-12-20 14:00:542022-04-11 10:36:06A New Year (2022) brings New Congestion Risks to PJM, NYISO & ISO-NE | Congestion Watch Blog
High on-peak load levels and gas prices bolster congestion risks in January across ISO-NE and PJM. Winter demand levels are here to stay and are forecasted to be high in every market except for NYISO where temps will be unseasonably warm. Cold-weather seasons are not usually associated with transmission and generator outages, but ESAI has a few outages on our radar that are forecasted to keep all three markets spicy this January.
https://www.esaipower.com/wp-content/uploads/2021/03/Capacity-Watch-Blog.jpg 628 1200 Tom Bausemer http://esaipower.x2webs.net/wp-content/uploads/2017/10/new_top_logo.png Tom Bausemer2021-11-23 13:00:002022-05-13 11:31:29PJM BRA 2023/24 Rule Changes and Auction Parameters: Capacity Price Forecast | Capacity Watch Blog
In ESAI’s latest Capacity Watch report, we analyze the three major rule changes that will impact pricing in the upcoming PJM Base Residual Auction (2023/24 BRA) and the subsequent influence on clearing prices out to 2030. These rule changes include FERC's revised approval of ELCC, a default MSOC based upon Net ACR, and FERC's failure to reach a majority decision on PJM's proposed MOPR revisions.
https://www.esaipower.com/wp-content/uploads/2021/09/Renewables-Watch-Blog.jpg 628 1200 Olivier Sartor http://esaipower.x2webs.net/wp-content/uploads/2017/10/new_top_logo.png Olivier Sartor2021-09-09 08:00:312022-04-11 10:37:19PJM Renewable Capacity Pricing | 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.
https://www.esaipower.com/wp-content/uploads/2021/03/Congestion-Watch-Blog.jpg 628 1200 Tom Bausemer http://esaipower.x2webs.net/wp-content/uploads/2017/10/new_top_logo.png Tom Bausemer2021-08-23 14:34:302022-04-11 10:37:33September Congestion update PJM NYISO & ISO-NE | Congestion Watch Blog
Weather forecasts across the Northeast power markets continue to call for warmer-than-normal temperatures this summer and elevated electricity demand will be the main congestion driver in August. Planned generator maintenance will be minimal; however, forced generator outages during hot summer weather could significantly impact congestion and be an import constraint on areas across the Northeast Power Pools.