Chasing the Uncatchable
Why trying to fix mandatory capacity markets is like trying to win a game of Whack-A-Mole (Parts I & II)
FERC has little to show for more than a decade of tinkering with mandatory capacity markets.
Locational marginal pricing
FERC Chasing the Uncatchable
Trying to fix mandatory capacity markets like trying to win whack-a-mole, Part I
FERC’s efforts to get capacity markets “right” have led to endless – and futile – tinkering. The cure proposed – making capacity auction markets mandatory – has unfortunately proved far worse than the disease.
Beyond the Meter
Protecting your base – while keeping options open.
The coming years will bring policy wrangling over distributed resources – what’s economic and what’s not.
Generation Reserves: The Grid Security Question
A cost-benefit study shows the value of adding synchronized generating reserves to prevent blackouts on the scale of Aug.14.
A cost-benefit study shows the value of adding synchronized generating reserves to prevent blackouts on the scale of Aug.14.
If nothing else, the blackout of Aug. 14 showed just how physically vulnerable the electric transmission network has become to problems that begin at a very localized level. That vulnerability stems in part of the greater volume of long-distance transactions imposed on the grid by today's power industry.
Perspective
FERC should consider a two-part tariff to boost transmission investment.
Perspective
FERC should consider a two-part tariff to boost transmission investment.
Transmission, rather than generation, is generally the constraint preventing customers from getting the power they desire.
The LMP Model: Bottlenecking Merchant Transmission
Locational marginal pricing has not been adequate in providing transmission expansion incentives. Others are needed.
Power Markets Disconnected? How to Reconcile Retail with Wholesale
Shopping credits, capacity rules and other mistakes from California and PJM.
With retail electric markets opening rapidly, why are so many getting off to a slow start? Why do suppliers abandon some markets and consumers decline to participate in others? The answer may lie in a series of disconnections between wholesale trading patterns and retail opportunities.
An East Coast View: The Right Price for PJM
Locational marginal pricing, even if "complex," is well worth the benefits.
In two recent issues, PUBLIC UTILITIES FORTNIGHTLY featured editorials %n1%n on restructuring of the PJM Pool. Those two articles described proposals by the so-called supporting companies, %n2%n seven members of the Pennsylvania-New Jersey-Maryland Interconnection, to use a "locational marginal pricing" model for congestion pricing for electric transmission and to continue PJM as a "tight" power pool.