Many see a higher cap as a windfall for nuclear and coal.
FERC’s new rulemaking proposal would allow generators to tender supply bids higher than $1,000 per megawatt-hour, if it really costs that much to buy fuel to generate power. Some opponents say that may be OK for gas-fired turbines, but it’s not needed for nuclear or coal-fired plants.
Still Beyond the Pale?
Two decades into our grand experiment with wholesale power markets and we’re still debating the need for a cap on prices.
Rooftop solar, net metering, and the perils of utilityspeak.
The Sierra Club accuses utilities of trying to snuff out rooftop solar. Attorney Donald Sipe recommends RTO/ISO markets for natural gas.
New England’s proposed capacity market reform would force generators to ‘Be There or Else.’
Facing worries about resource adequacy, ISO New England proposes changes that would penalize generators that fail to perform when needed -- for any reason. Market players say it can only work if the system operator allows for reasonable exceptions.