Solving The Crisis In Unscheduled Power
While NAESB and NERC struggle over the issue, North America steadily drifts toward unreliability.
While NAESB and NERC struggle over the issue, North America steadily drifts toward unreliability.
How joining the EU may transform the Central and Eastern European electricity sectors
The treacherous journey toward a more efficient and transparent Northwest power market may be nearing its conclusion.
Utilities are absorbing distressed IPPs, and raising alarm bells in the process.
NRG's bankruptcy is challenging creditors' resolve to back merchants until power prices rebound.
A common complaint in the last few months by would-be buyers of merchant assets has been that all the choice power plants have been pledged as collateral to commercial banks in order to stave off bankruptcy. That's why not many transactions have taken place, merchant asset buyers say, as everything else in the market isn't worth the price being offered.
The collapse of wholesale markets has utilities once again making the purchasing decisions, and taking all the risks.
If a common theme is emerging from the various policy directions across the country, it seems to be that responsibility for supply resources is moving away from open markets and back into the hands of load-serving utilities.