A pragmatic new approach to assuring reliability.
Randall Speck and Kimberly Frank
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.
How DG and microgrids change the game for utilities.
Energy microgrids have emerged as more than just a curiosity. The technology is improving, costs are falling, and developers are lining up to build projects. How will microgrids overcome the substantial challenges that stand in their way?
PJM and the crisis over FTR underfunding.
PJM’s latest crisis—the underfunding of financial transmission rights that we’ve seen over the last few years—pushes regulators right to the edge. How far do they trust wholesale power markets? Do they accept the idea, proven by a famous economist, that freely traded financial instruments can work just as well—better even—than firm, physical contract rights?
FERC Order 1000 and the case for alternative solutions.
Elizabeth Watson and Kenneth Colburn
How FERC Order 1000 gives short shrift to NTAs (non-transmission alternatives) in regional system planning—while consumers pay the price.
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.
A new watchword for the industry and its regulators.
Michael T. Burr, Editor-in-Chief
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.
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.
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.
Interregional planning under FERC Order 1000
J.P. Pfeifenberger, J.W. Chang, and D. Hou
With no single entity in charge, transmission planning has plagued projects that span multiple regions. A new framework offers a solution.
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.