Locational Marginal Pricing
How PJM turns redispatch into market signals.
Figures 1 and 2 show an example of locational marginal pricing (LMP) presented by PJM at a FERC meeting held Jan. 22.
Is Clean Growth the Right Path for California's Energy Future?
Over the next five years, the CPA proposed investing directly in renewables, load management and energy efficiency.
The California Power Authority’s charter extends five years, yet it is planning to build and operate generation units that would last three or four decades.
Bid-Offer Spreads: A Hedging Device
How exactly does a retail energy marketer use the spread as a hedging device?
Bid-Offer spread represents the profit a market-maker or intermediary demands for creating liquidity. This spread is composed of the intermediary’s variable cost per deal plus any liquidity risk they may bear.
Breakdown of Tariff Risk
Explaining timing risks and magnitude risks.
Tariff risk is that risk which the marketer incurs downstream of the uplift. This risk can be broken into Timing Risk (I - III) and Magnitude Risk (IV-VI) as illustrated below.
The Gas-Power Vision: Five Obstacles
Regulatory and rate proceedings at FERC can be time consuming and expensive, but this hurdle can be overcome.
For the natural gas infrastructure and the available pipeline system capacity to be utilized as a foundation for the reduction in power transmission congestion, there are certain issues that need to be addressed.
Hydrogen Power
A New Initiative, a New Fuel Cell Car
General Motors unveiled its Autonomy fuel cell car, which it says is the first vehicle designed exclusively for the fuel cell.
Duke Energy: The New King?
With the bankruptcy of Enron, the industry is now looking for a new leader and role model. Could Duke Energy be that leader?
Conoco Rising: A Gas Trader's Vision
Take a look at a list of the top gas marketers in North America and you won't find many names associated with the upstream end of the business. Most of the high-volume trading companies are the market-maker types who don't have production assets to back up their futures and swap contracts.
PG&E's Bankruptcy: A Power Trader's Trial by Fire
Lyn Maddox, the head of PGE’s energy trading subsidiary, has had to maintain a trading business as his company’s utility slipped into bankruptcy in 2001. Maddox says he has learned some very valuable lessons from the event.
A Soul's Like Electricity (Ray Charles)
Our February 3 newsletter quoted David Bowie, Boz Skaggs, Ray Charles, Laurie Anderson, Dolly Parton, Damian Marley and Jimi Hendrix about electricity. Readers sent lyrics from many more songs.