LICAP and Its Lessons:
Bruce W. Radford
Commission Watch
LICAP and Its Lessons:
Doubts intensify over New England's radical new market for electric capacity.
What began nearly two years ago as a simple request by power producers to boost their chances for recovering fixed costs for several power plants in Connecticut has mushroomed into the single most complicated case now pending before the Federal Energy Regulatory Energy Commission (FERC).
PJM/Midwest Market:
Bruce Radford
Commission Watch
PJM/Midwest Market:
Should transmission owners get paid extra for distance and voltage?
While the Midwest now appears set on competitive bidding for the electricity commodity, taking from PJM such tried-and-true elements as locational marginal pricing (LMP), financial transmission rights (FTRs), and a day-ahead market with a security-constrained dispatch, the region remains split over the pricing of transmission.
California anticipates changes in energy policy under its new governor.
Gordon P. Erspamer
Commission Watch
California anticipates changes in energy policy under its new governor.
The recall of California Gov. Gray Davis in November 2003 almost immediately led to speculation concerning possible changes in California's energy policy. Since his election, Gov. Arnold Schwarzenegger has assembled an Energy Working Group, co-chaired by Professor James L.
Will the state launch a full-scale rollout of dynamic tariffs?
Ahmad Faruqui and Stephen S. George
Will the state launch a full-scale rollout of dynamic tariffs?
A pilot program in California is putting dynamic pricing and advanced metering to the test.
The California Public Utilities Commission (CPUC) approved a Statewide Pricing Pilot (SPP) in March,1 at a cost of approximately $10 million, including metering, project planning, management, evaluation, and concurrent market research on non-pilot participants focused on customer preferences for rate options.2
The SPP has the following objectives:
Will the state launch a full-scale rollout of dynamic tariffs?
Ahmad Faruqui and Stephen S. George
Will the state launch a full-scale rollout of dynamic tariffs?
A pilot program in California is putting dynamic pricing and advanced metering to the test.
The California Public Utilities Commission (CPUC) approved a Statewide Pricing Pilot (SPP) in March,1 at a cost of approximately $10 million, including metering, project planning, management, evaluation, and concurrent market research on non-pilot participants focused on customer preferences for rate options.2
The SPP has the following objectives:
Emotions have run high in the SMD/RTO debate. It's time for cooler heads to prevail.
W. Scott Miller III
ISO's new ICAP scheme seen as subsidy for the gen sector.
Bruce W. Radford
ISO's new ICAP scheme seen as subsidy for the gen sector.
For evidence that electric restructuring has lost its way, look no further than ICAP-the dubious idea that to guarantee reliability and low prices, regulators should create a market not just for trading the finished commodity, but also for buying and selling ownership rights in the future ability to produce.
How state opposition cowed the feds and turned a powerful rule into just a set of talking points.
Bruce W. Radford
How state opposition cowed the feds and turned a powerful rule into just a set of talking points.
A funny thing happened on the way to a standard market design (SMD). What began as a full-fledged rulemaking-with the Federal Energy Regulatory Commission (FERC) giving instructions and imposing deadlines on the electric utility industry-now has degenerated into little more than a set of talking points.
Talk about cold feet.
A leaner bureaucracy sharpens its market-monitoring tools.
Mark Hand is senior editor at Public Utilities Fortnightly.
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