According to the EIA, electric generation from wind turbines has decreased for the first time since the mid-1990s in 2023, despite the addition of 6.2 GW of wind capacity. This has resulted in an eight-year low-capacity factor for the wind turbine fleet of 33.5%. Several factors have contributed to this decline, including the wind…
Originally scheduled for February 2025, the Federal Energy Regulatory Commission (FERC) has agreed to a one-year delay to the 19th ISO New England (ISO-NE) capacity auction. The delay came at the request of ISO-NE and the New England Power Pool (NEPOOL) as they seek additional time to develop and implement changes to their capacity accreditation…
The Regional Greenhouse Gas Initiative (“RGGI”) announced the results of the 60th auction for carbon dioxide allowances on June 9, 2023. The auction included the sale of more than 22 million allowances at a clearing price of $12.73 per allowance. The clearing price represented an increase of 1.8% compared to the 59th auction held in…
The PJM Interconnection board of managers is seeking a delay of upcoming capacity auctions, including June’s auction for the 2025/26 delivery year, so that proposed design rule changes may be implemented. “In arriving at this decision, the Board recognized that, despite the implications of auction delay, reforms are necessary to the capacity market design in…
