Renewables Watch GraphicRenewables WatchTM is a quarterly report covering ongoing developments in clean energy and renewable power. Renewables WatchTM brings the same detailed coverage the ESAI Power team has provided for the capacity, energy, and emissions allowance markets to the renewable energy sector.

Posts

Generation Asset Monitor

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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Renewables Watch Blog

FERC Approved PJM Queue Reform Proposal | Renewables Watch Blog

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FERC Approved PJM’s Queue Reform Proposal. These reforms are intended to address the significant backlog of generation projects with queue positions awaiting ISAs or WMPAs. With this approval, PJM will process New Service Requests under a “first-ready, first-served” approach going forward rather than its current “first-come, first-served” approach.

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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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Renewables Watch Blog

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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Renewables Watch Blog

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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Renewables Watch Blog

NYISO Renewables Update | Renewables Watch Blog

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New York continues to push ahead with its renewable energy goals. Just last week, the state announced two significant developments during its kick-off of Climate Week. Governor Kathy Hochul announced the winners of its recently established Tier 4 REC solicitation, which sought proposed generation or transmission projects that would deliver renewable electricity into New York City. Additionally, Hochul called for the expansion of the state’s NY-Sun program to achieve 10 GW of distributed solar by 2030 (up from 6 GW by 2025). Both announcements signal the state’s commitment to reach its goal of 70% renewable electricity by 2030.

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Renewables Watch Blog

PJM Renewable Capacity Pricing | 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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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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Energy Watch Blog

PJM Power Prices Likely To Heat Up This Summer | Energy Watch Blog

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ESAI Power’s summer forecast for power prices in PJM is bullish. Both Day-Ahead and Spot markets should see increased volatility due to stronger loads, robust gas prices, and generation retirements. In this blog, we’ll provide a preview into the ESAI Power Energy Watch bullish forecasts and expected generation changes that will impact energy prices in PJM, NYISO and ISO-New England. The upside potential for delivered natural gas and power prices across the Northeast will keep the ISO markets interesting in the upcoming months.

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Energy Watch Blog

Energy Demand in NYISO, PJM, & ISO-New England and How They Impact Wholesale Electricity Prices | Energy Watch Blog

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Based upon changes in demand, we produce analysis and a price forecast to predict wholesale electricity prices in NYISO, PJM and ISO-New England. This week’s Energy Watch report provides an overview of load developments and a 10-year price forecast for each of the Northeast regions. In most areas of ISONY, 2021 energy demand is projected to be down slightly. Longer-term projections under the preliminary 2021 NYISO Gold Book are lower than the 2020 Gold Book projections.

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