Renewable Energy Graphic

Renewable Energy refers to the generation of power from naturally replenished sources, such as solar, wind (both onshore and offshore), hydroelectric, and energy storage systems. ESAI Power evaluates the market dynamics and regulatory developments within the PJM, NYISO, and ISO-NE regions, offering detailed insights into the supply and demand of Class I Renewable Energy Credits (RECs) through 2032. This includes forecasting REC prices, monitoring renewable energy developments, and analyzing the impact of state and federal policies on the growth of renewable energy in these markets.

ESAI Power’s coverage of renewables includes:

  • Class I REC price forecasts and factors driving changes to Class I supply & demand balance, including:
    • Changes to individual state Renewable Portfolio Standard (RPS) mandates;
    • Revisions to ISO load forecasts;
    • State RFPs (Class I land-based and offshore wind resources);
    • Renewable Energy Generation Asset Monitor and a quarterly Offshore Wind Monitor
  • Renewable energy development trends include the costs of renewable energy technologies, the challenges faced by developers with projects in the interconnection queues, and the changing penetration of different technology types.
  • Coverage of relevant federal issues such as offshore wind permitting, Investment Tax Credit, and Production Tax Credit status.
  • Generation Asset Monitor: This monthly database tracks the interconnection queue to forecast additions and also tracks plants with announced retirements or those at risk of retirement in PJM, ISO-NE, and NYISO.
  • Offshore Wind Monitor: This database tracks the development of contracted offshore wind projects in PJM, ISO-NE, and NYISO.

Renewables WatchTM is a quarterly report covering ongoing developments in clean energy and renewable power.  Every quarter, ESAI provides an update on regulatory and market factors for solar, wind, hydro & storage for PJM, NYISO & ISO-NE. Renewables WatchTM provides Class I REC (Renewable Energy Certificates) Price outlooks to 2031 for the ISO-NE & PJM power generation and transmission system and the Supply & Demand Balance forecasts for the NYISO power generation and transmission system.

Posts

PJM Interconnection Process Update | Generation Asset Monitor Blog

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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.

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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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Renewable Energy PPA Trends & Outlook | Renewables Watch Blog

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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.

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Renewable Energy Development Challenges | Renewables Watch Blog

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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.

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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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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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