EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

Read more

Construction Commences on Enel’s Aurora Wind Farm in North Dakota

Enel Green Power North America, Inc. (“EGPNA”), the US renewable energy company of the Enel Group, has started construction of the 299-MW Aurora Wind Farm in North Dakota.

Read more

Industry News

FERC Raises Western Price Cap

LCG, July 12, 2002--Yesterday the Federal Energy Regulatory Commission raised the maximum price for wholesale electricity by 65 percent.

Citing the risk of supply disruptions, FERC has increased the price cap in the West from $55.26 per megawatt hour to $91.87.

FERC is concerned that the $55.26 price cap will leave power generators unable to sell electricity at a price that complies with the production cost. FERC contends that the increased cap is in the consumers' interest and will result in reduced risk of summer blackouts.

The California Independent System Operator limited the price cap on Tuesday to $55.26 using complex analysis related to peak prices during shortages. On Wednesday, a stage 2 emergency was called in California, as unusually hot weather reduced energy reserves to less than 5 percent. FERC increased the cap yesterday to return it to the $91.87 level amid fears that the low cap would discourage companies from selling electricity to California.

In any case, the specific amount allotted price caps has limited significance, since FERC insists that the Western price cap will expire September 30.

Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service