Publications

New York Public Service Commission rejected petitions to increase contract prices

Last week the New York Public Service Commission rejected the petitions by Empire Wind, Beacon Wind (both are Equinor & BP affiliates) and Sunrise Wind (Orsted & Eversource) to increase their contract prices to offset the impacts of inflation, supply chain constraints and higher interest rates.

September 2023 Ontario Electricity Market Update: CER Impact on the IESO-Administered Market

In August 2023, the federal government released a draft version of the Clean Electricity Regulations (CER) that introduce stringent operating restrictions for gas-fired generation beginning in 2035

September 2023 Alberta Electricity Newsletter: Market Pathways and Reliability Roadmap

The Impact of the CER on the IESO-Administered Market

In August 2023, the federal government released a draft version of the Clean Electricity Regulations (CER) that introduce significantly more stringent operating restrictions for gas-fired generation beginning in 2035 – amounting to an effective prohibition on fossil-fueled electricity generation in its current form.

Power Advisory adds Kris Aksomitis and Heejin Ryu to its team

Power Advisory LLC, a leading North American management consulting firm that specializes in electricity sector matters and solutions, is pleased to announce the addition of two new hires to their team: Kris Aksomitis, Director and Heejin Ryu, Manager, based in Colorado. Kris and Heejin will both be joining the US team and have a broad understanding of the US power markets.

July 2023 Alberta Electricity Newsletter: Market Pathways and Reliability Roadmap

On June 27, 2023, the AESO held what it called its “Inaugural Stakeholder Symposium” which was an all day event focused on the issues the AESO has been experiencing with reliability.

July 2023 Ontario Electricity Market Update: Ontario's Nuclear Future

On July 10, 2023, Ontario’s Ministry of Energy released Powering Ontario's Growth – Ontario’s Plan for a Cleaner Energy Future (“the Plan”).

“REC”-ORD HIGH PRICE

PJM Tier 1 RECs hit an all time high, driven by interconnection queue woes, supply chain issues and higher RPS demand, but how long will the party last?

E-LT RFP and Same Technology Upgrade Results

The Independent Electricity System Operator (IESO) released its resource adequacy update, providing final results from the Expedited Long-Term Request for Proposals (E-LT RFP) and Same Technology Upgrades (Same Tech). The results are an update from the previous month’s results and include the weighted average price of the procurement. Through the E-LT RFP, the IESO has procured 930 MW of storage and 318.5 MW of gas-fired generation.

Offtake opportunities for BOEM’s Central Atlantic lease area

Recent legislation in Maryland increasing the state’s offshore wind goal to 8.5 GW by 2031 strengthens offtake opportunities for BOEM’s Central Atlantic lease area. This is a significant increase from the 2019 goal set through the Clean Energy Jobs Act of 1.2 GW by 2030.