FERC

Rethinking Capacity Markets

A pragmatic new approach to assuring reliability.

The latest dispute over PJM’s bidding rules has raised the level of uncertainty in organized electricity markets. Efforts at reform have created a market structure so jumbled that it can’t produce just and reasonable rates -- or assure adequate supply resources. It’s time for FERC to consider alternative approaches to market design.

Looking Beyond Transmission

FERC Order 1000 and the case for alternative solutions.

How FERC Order 1000 gives short shrift to NTAs (non-transmission alternatives) in regional system planning—while consumers pay the price.

No Fuel, No Power

Lessons from New England on electric-gas market coordination.

Despite the hype about cheap gas, pipeline constraints are creating new risks. New England’s wholesale power prices ran three times as high this past February compared to the same month in 2012.

Turning Energy Inside Out

Amory Lovins on negawatts, renewables, and neoclassical markets.

Fortnightly speaks with Amory Lovins about the evolving role of conservation, competition, and distributed resources in the energy industry.

'Resilience'

A new watchword for the industry and its regulators.

If the concept of resilience—including cyber and physical security—had been baked into the industry’s culture from the beginning, the energy grid might look a lot different from what it does today.

Very Roughly Commensurate

Analyzing the Order 1000 comply filings from non-RTO regions.

Last fall, utilities across the country began filing tariffs with FERC to explain how they’ll comply with Order 1000. That’s quite a handful, but maybe not a stretch for the RTOs. Not so for the non-RTO regions.

Preventing Tomorrow's Blackout

Recent outages show the importance of proper transmission system design. As the grid becomes more complex, meeting NERC reliability standards and proper assessment of power grid reliability will require closer coordination between system planners and protection engineers.
Recent outages show the importance of proper transmission system design. As the grid becomes more complex, meeting NERC reliability standards and proper assessment of power grid reliability will require closer coordination between system planners and protection engineers.

Trading on a Knife Edge

The Deutsche Bank case and the meaning of ‘price manipulation.’

A few months back, the Federal Energy Regulatory Commission directed Deutsche Bank Energy Trading LLC to show cause why it shouldn’t be assessed a civil penalty of $1.5 million and be made to return some $123,000 in allegedly unjust profits from power trading in markets run by the California ISO.

Demand Growth and the New Normal

Five forces are putting the squeeze on electricity consumption.

It’s tempting to attribute the recent slowdown in electricity demand growth entirely to the Great Recession, but consumption growth rates have been declining for at least 50 years. The new normal rate of demand growth likely will be about half of its historic value, with demand rising by less than 1 percent per year. This market plateau calls for a new utility strategy.

Bill Hogan, Unbundled

A candid commentary on current topics in electric restructuring.

A no-holds-barred interview with the electric industry’s chief architect of wholesale electric market design.