Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now
Federal Energy Regulatory Commission Chairman Richard Glick has sought to smooth tensions with states whose varied clean energy policies have come into conflict with the nation s mandatory power capacity markets. In its natural gas project work, FERC has begun to elevate considerations of climate change, environmental justice and community impacts, at times rattling pipeline companies worried about the permanence of its decisions supporting projects. Glick is attacking everything. He is at warp speed right now, said Tyson Slocum of Public Citizen, rattling off multiple policy initiatives, rulemakings and workshops on the gas and power agenda.
Governors Wind Energy Coalition
FERC seeks more input on PJM capacity market construct, possible reforms Source: By Jasmin Melvin, S&P Global • Posted: Wednesday, April 7, 2021
Following up on discussions during a technical conference in March, the Federal Energy Regulatory Commission is seeking additional input on capacity market constructs as state policies are increasingly affecting resource entry and exit, including whether new market rules could be implemented in PJM Interconnection without delaying its December capacity auction.
Grid operators and stakeholders for the most part supported doing away with minimum offer price rules, as currently constructed and imposed on capacity markets in the Eastern regional transmission organizations, during a March 23 commissioner-led technical conference, the first in a series planned to help modernize electricity market design. Conversations focused on PJM’s expanded MOPR revealed mixed opinions as to what sh
Dallas Fed outlook surveys indicate manufacturing, service sectors improving
Texas manufacturing and service sector activity increased in February, but the Federal Reserve Bank of Dallas surveys were conducted only partly after a polar vortex prompted rolling blackouts for millions of homes and businesses, resulting in extremely high wholesale power prices along with manufacturing and service business shutdowns.
The Dallas Fed’s Texas Manufacturing Outlook Survey’s production index, a key measure of economic activity, rose to 19.9 in February from January’s seasonally adjusted 4.6 and a seasonally adjusted 16.8 in February 2020. The index shows the percentage-point difference between respondents indicating increased activity and those who indicate decreased activity.