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Europe: +44 (0) 207 198 1634 July 15, 2024 What’s Happening? Each year, the utilities in Connecticut file a Rate Adjustment Mechanism (RAM) request with the state regulator (CT PURA) to account for adjustments to costs that are unrelated to their system’s operations or energy supply. The docket for the Eversource/CLP 2024 process is 2024-01-03, while the UI docket is 2024-01-04. […]
August 10, 2024 ERCOT 4CP Seasonal Review The 2023 ERCOT 4CP Season, which ended on the last day of September, witnessed ERCOT demands rising sharply and eclipsing 80,000 MWs in all months for the first time ever. On Thursday, August 10th, ERCOT system demand reached over 85,000 reaching 85,636 MWs to set a new all […]
July 31, 2024 What’s Happening? The PJM Capacity auction conducted earlier this month cleared at the highest values ever, amounting to a total capacity market cost of over $15B, a nearly 10-fold increase. The auction, covering June 2025 to May 2026, has been influenced by new rules. These rules, particularly those governing the treatment of […]
March 14, 2024 What is happening? On the last day of February, AEP filed a request to adjust delivery rates with the Texas PUC under proceeding 56165. The filing is part of a normal process where rates are regularly reviewed and adjusted based on changes in costs to operate the utility delivery system and the […]
February 21, 2024 – What is happening? Starting about a decade ago, the U.S., including Texas, began moving toward a greener electric generation environment promoted by government policy, including financial incentives for building renewable generation. The consequence was that coal plants were shuttered, and there was no investment in dispatchable generation, with all the investment […]
February 12, 2024 – Utilities in Massachusetts have many long-term pipeline agreements negotiated to ensure adequate supply can flow into the region to support peak demands for their service areas. The cost of those agreements has been rising lately, so many utilities have adjusted their rates. What happened? Over the past several years, interstate natural […]
January 10, 2024 – As the holiday weekend approaches and frigid temperatures loom over much of the central US early next week, Tradition Energy urges you to prepare for potential impacts on energy demands, as well as electricity and natural gas systems. Anticipate single-digit temperatures spreading from the Pacific Northwest to the Great Lakes and […]
October 18, 2023 – As construction and financing costs rise rapidly, virtually all of the offshore wind projects in the Northeast have come under pressure, leading many to delay or cancel their construction. Recently, many wind farm developers have been trying to renegotiate their terms but were denied, putting the projects and energy markets at […]
September 6, 2023 – Earlier this year, the Electric Reliability Council of Texas (ERCOT) rolled out a new daily procured ancillary service designed to help maintain transmission grid stability, but it also increases costs. ERCOT Contingency Reserve Service (ECRS) As part of a more considerable expansion of grid services and tools available to ensure a […]
May 8, 2023 – ERCOT released its 2023 summer Seasonal Assessment of Resource Adequacy (SARA) report on May 3rd, a combination of rose-colored glasses and doom and gloom.
