PJM Capacity Market Reforms Shake Up Resource Accreditation, Impose New Offer and Testing Requirements

Credit to Author: Maxwell Multer| Date: Thu, 22 Feb 2024 15:44:32 +0000

The Federal Energy Regulatory Commission (FERC), in Docket No. ER24-99-000, recently approved a suite of tariff revisions submitted by PJM intended to “accommodate the energy transition while maintaining resource adequacy.” […]

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22 Countries, Including U.S., Pledge to Triple Nuclear Power Capacity

Credit to Author: Darrell Proctor| Date: Sat, 02 Dec 2023 21:57:09 +0000

The U.S. and 21 other countries have said they want to triple the global generation capacity of nuclear power by mid-century. The pledge, announced Dec. 2 at the United Nations’ […]

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New Report Shows EU Solar Installations Rise Nearly 50%

Credit to Author: Darrell Proctor| Date: Tue, 20 Dec 2022 17:49:55 +0000

A new report from industry group SolarPower Europe shows that solar installations in the European Union increased by almost 50% year-over-year in 2022, to a record 41.4 GW of generation capacity. “The numbers are clear. Solar is offering a lifeline amid energy and climate crises,” said Walburga Hemetsberger, CEO of SolarPower Europe. “No other energy […]

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The Significance of FERC’s Recent PJM MOPR Order Explained

Credit to Author: Sonal Patel| Date: Thu, 26 Dec 2019 16:16:59 +0000

The post The Significance of FERC’s Recent PJM MOPR Order Explained appeared first on POWER Magazine.

A divided Federal Energy Regulatory Commission (FERC) issued a long-awaited order on Dec. 19 in which it directed PJM Interconnection to dramatically expand its Minimum Offer Price Rule (MOPR) to nearly all state-subsidized capacity resources. The order will have a significant impact on PJM’s capacity market. While it was no surprise that the decision immediately […]

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