A new model to help restructured states add renewables to the default service portfolio.
How recent events could prove a harbinger of winters to come.
Market manipulation versus the right to make a profit.
ISO New England’s capacity market proposal will bring reliability benefits to the region.
ISO New England CEO Gordon van Welie rebuts implications in a Fortnightly column about the ISO’s “Pay for Performance” capacity market proposal.
PJM and the crisis over FTR underfunding.
PJM’s latest crisis—the underfunding of financial transmission rights that we’ve seen over the last few years—pushes regulators right to the edge. How far do they trust wholesale power markets? Do they accept the idea, proven by a famous economist, that freely traded financial instruments can work just as well—better even—than firm, physical contract rights?
In PJM’s case, we are told, the problem occurs when too much negative congestion shows up in real-time balancing. But if congestion is bad, shouldn’t negative congestion be good?
Lessons from New England on electric-gas market coordination.