by Alec | Feb 16, 2021 | News
As expected, ISO New England’s (“ISO-NE”) recent Forward Capacity Auction (“FCA”) 15 resulted in higher capacity clearing prices than FCA 14. The auction, consisting of five rounds of bidding, concluded on February 8th with preliminary clearing prices ranging from...
by Alec | Jan 28, 2021 | News
According to S&P Global Market intelligence (S&P) data, 12,946 MW of power generating capacity in the US was retired in 2020, down from the 19,716 MW retired in 2019. Broken down by fuel type, shuttered coal plants made up the bulk of the retirements at 56.9%,...
by Alec | Jan 12, 2021 | News
Mild winter weather and the global COVID-19 pandemic drove natural gas prices in 2020 to the lowest annual average prices in several decades, averaging $2.05 per MMBtu at the national benchmark Henry Hub in Louisiana, according to EIA data. Natural gas demand for...
by Alec | Jul 15, 2020 | News
ERCOT’s 14,000 MW of remaining coal capacity could be forced into retirement, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). That is due in large part to large amount of new utility-scale solar capacity coming online,...
by Alec | Jul 1, 2020 | News
Dominion Energy has completed its 12 MW pilot offshore wind project off the coast of Virginia, consisting of two Siemens Gamesa 6 MW turbines. The project is expected to be connected to the grid later in summer, following testing. The permitting, design, installation,...
