U.S. Supreme Court to decide demand response case.
Remand Order 745, fix the compensation scheme, but retain federal jurisdiction.
EPSA v. FERC: How the court went wrong on demand response.
The court’s ruling in EPSA v. FERC assigns a retail/wholesale dichotomy to demand response, but is that distinction even meaningful?
New England turns to fuel oil for the coming winter.
Who’s afraid of the transactive grid?
Smart grids and nodal markets spark the emergence of a transactional grid. In fact it’s already happened, and we’re just becoming aware.
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?
In PJM’s case, we are told, the problem occurs when too much negative congestion shows up in real-time balancing. But if congestion is bad, shouldn’t negative congestion be good?
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.
The jurisdictional battle rages on, with FERC and EPA squaring off against the states.
When Revolutionary War veteran Daniel Shays led an attack on the federal Springfield Armory in January 1787—the spark that ignited the federalist movement—he scarcely could’ve guessed that now, 225 years later, his spiritual descendants would still be fighting that very same battle.
Michigan chafes over regional grid planning, providing a policy lesson for the feds.
High prices have turned Michigan against regional planning -- a possible foretaste of what to expect under FERC Order 1000.