capacity auction
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GasISO-NE Move Puts New Gas-Fired Plant in Doubt
The future of a natural gas-fired power plant planned in northeastern Connecticut is in jeopardy after regional grid operator ISO-New England (ISO-NE) asked the Federal Energy Regulatory Commission (FERC) for permission to end a capacity contract with the project. Florida-based NTE Energy’s plan to build the 650-MW Killingly Energy Center has been delayed due to […]
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NewsPJM Will Hold Capacity Auction Under Current Rules in August
PJM Interconnection said it will hold its 2022–2023 capacity auction under current market rules on Aug. 14, 2019, though the Federal Energy Regulatory Commission (FERC) has yet to issue a decision on the grid operator’s plan to revamp its Minimum Offer Price Rule (MOPR). In an April 10 filing, however, PJM asked FERC to clarify that […]
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RenewablesExelon: Record Amount of Nuclear Capacity Failed to Clear PJM Auction
Exelon Corp.’s Three Mile Island, Dresden, and all but a small portion of its Byron nuclear plants failed to clear PJM Interconnection’s latest annual capacity auction—despite an average 83% surge in capacity prices compared to last year. While coal and gas made moderate gains, demand response, energy efficiency, wind, and solar emerged as the auction’s […]
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RenewablesPJM Auction Signals Trouble for Nuclear, Coal, and Even Renewables
Two nuclear plants owned by Exelon Corp. in Illinois and Pennsylvania failed to clear PJM Interconnection’s latest annual capacity auction, putting one of those financially crippled units at risk of early retirement. Meanwhile, procurements for solar, wind, and demand response fell dramatically compared to last year, and drastic price declines could roil the market for […]