Why Prices Soared in a Recent Auction Held by a Major Electric Grid Operator Prices soared in the market that pays electricity generators to be available to meet future demand in the PJM Interconnection, prompting policymakers, regulators, and researchers to debate the potential causes of increasing prices, along with solutions. This summer, you may have seen some buzz around the PJM Interconnection, the regional transmission organization that manages the electric grid in 13 states in the Midwestern and eastern United States, along with Washington,… Read More »

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Texas power demand breaks all-time record amid searing heat, grid operator reports  Demand for power in Texas smashed an all-time record Tuesday as homes and businesses cranked their air conditioners in response to searing heat. With much of the state under an excessive heat warning, demand reached 85,559 megawatts late Tuesday afternoon, said a spokesperson for the Electric Reliability Council of Texas, which runs the state’s grid. That topped the previous record of 85,508 set in August 2023. Widespread power outages… Read More »

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Politicians address ongoing energy issue, bribery scandal with conflicting plans COLUMBUS, Ohio (WCMH) — Making reforms following the state’s biggest bribery scandal has been a slow path forward, but Ohio lawmakers are working to close that chapter and move forward with new energy legislation. “It’s a balancing act when you look at moving forward with trying to decarbonize and how we achieve that, while at the same time having the power we need to keep the lights on and expand,” Chair of… Read More »

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SunPower Declares Bankruptcy By Irina Slav – Aug 06, 2024, 2:30 AM CDT SunPower, the California-based solar developer and operator, has filed for bankruptcy protection after slashing jobs and saying it would restate its financial results for the last two years on cost misclassification. The company also said it had entered into a stalking horse deal with Complete Solaria, which would buy some of SunPower’s business for $45 million in cash. Solaria would buy the Blue Raven Solar project and SunPower’s New… Read More »

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FOR IMMEDIATE RELEASE Significant Surge in Capacity Costs for PJM Electric Grid: What You Need to Know [Dublin, OH, 8/14/2024] – PJM Interconnection, which manages the electric grid covering Pennsylvania, New Jersey, Illinois, and other regions, has announced a dramatic increase in capacity costs following its latest auction. The new capacity cost has surged from $29/MW-Day to $269/MW-Day, representing a 9-10x increase. This significant rise, set to begin in June 2025 and last for 12 months, will affect every… Read More »

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Outlook for Pending Generation in the PJM Interconnection Queue Executive Summary The United States is witnessing rapidly growing interest in clean electricity generation, driven by soaring consumer demand for clean energy and the country’s goal to reduce greenhouse gas emissions. In parallel, the time it takes for new, clean generation projects to move from design to execution in the US has lengthened, meaning that the rising interest has not been matched by supply. The country’s largest grid operator, PJM… Read More »

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