New Jersey Gov. Chris Christie in February signed into law a bill that will have the state commissioning construction of 2,000 MW of new gas-fired power capacity and dumping it into the PJM...
Encore for Negawatts?
Congress renews PURPA’s call for conservation and load management, but the world has changed since the 1970s.
through bilateral trading contracts. (For the full explanation, see Comments of ISO New England, pp. 10-14.)
ISO-NE admits that its model is still a work-in-progress, but says it can use this method even to calculate the benefits of extending full nodal LMP pricing (“dynamic pricing”) to individual loads.
In fact, it estimates that over a five-year period, dynamic pricing for loads of 1 MW or greater (what is now enjoyed only by power producers on the supply side) could bring benefits of $340, at a cost of only $6.7 million a year, “at most.”