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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Market sees strong demand for LNG

Credit to Author: The Manila Times| Date: Mon, 02 Mar 2020 16:20:15 +0000

GLOBAL demand for liquefied natural gas (LNG) grew by 12.5 percent to 359 million tonnes in 2019, according to Shell’s latest annual LNG Outlook’ a significant increase that bolsters LNG’s growing role in the transition to a lower-carbon energy system. 2019 saw key developments that are helping to reshape the industry, namely: an industry record […]

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A Decade of Turmoil: How Nuclear and Coal Have Struggled to Survive

Credit to Author: Aaron Larson| Date: Thu, 02 Jan 2020 05:05:45 +0000

The post A Decade of Turmoil: How Nuclear and Coal Have Struggled to Survive appeared first on POWER Magazine.

The past 10 years have been filled with trials and tribulations for both the nuclear and coal power industries. From accidents to plant closures there has been little to cheer about. Still, nuclear and coal power continue to provide reliable baseload generation to billions of customers around the globe. Here’s a look back at the […]

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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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Financial and Gas Turbine Blade Troubles Plague GE Power

Credit to Author: Sonal Patel| Date: Thu, 07 Feb 2019 14:27:09 +0000

GE Power’s financials spun out further on a dismal trajectory during the fourth quarter of 2018, plagued by slack market demand for products and services, technical glitches of a flagship gas turbine model, and poor project execution. Despite a series of divestments and corporate reshuffles, including of leadership, for the 12 months that ended on […]

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