Market Edge Blog

1511, 2018

UK Capacity Market Suspended

November 15th, 2018|News|

Today, the General Court of the European Union ruled that the European Commission did not effectively evaluate the UK capacity market when it approved the scheme for government aid in 2014.  As a result of this ruling, the capacity market has been put in a “standstill period” until the European Commission can conduct [...]

2509, 2018

Senate Bill 237 Expands Competitive Electricity in California

September 25th, 2018|News|

On Sept. 20th, California Governor Jerry Brown signed into law Senate Bill 237 which will enable a larger number of California commercial and industrial customers to purchase competitive electricity supply through what’s known as Direct Access. SB 237 requires the California Public Utility Commission, on or before June 1, 2019, [...]

409, 2018

2018 Hurricane Season Weak so Far, but Not Over

September 4th, 2018|News|

After a 2017 hurricane season of record setting storms in the Atlantic, 2018 has, thankfully, been very uneventful thus far.  We are entering the peak of the season so we are not out of the woods yet, but three key phenomena are conspiring to make an environment very inhospitable for [...]

1506, 2018

New Jersey Supports Nuclear Power Plants

June 15th, 2018|News|

On May 23, Phil Murphy, the governor of New Jersey signed a bill that will subsidize three of the state's nuclear power plants. These power plants have been struggling financially for the past few years. New Jersey residents will be spending $300 million dollars a year to keep these nuclear [...]

606, 2018

Early Summer Price Volatility Seen in Texas

June 6th, 2018|News|

Summer in Texas seems to have set in a little early this year with near record temperatures being seen across much of the State.  Electricity consumers and ERCOT officials alike, are watching closely to see how summer power prices will react to hot temperatures and a smaller than normal reserve [...]

904, 2018

FirstEnergy Solutions Files for Bankruptcy, Anticipates Plant Closures

April 9th, 2018|News|

As expected, FirstEnergy Solutions filed for chapter 11 bankruptcy protection on March 31, 2018.  The company simultaneously made a direct request to the Energy Department for financial subsidies to support keeping its fleet of coal and nuclear plants operational, which the company has stated it will otherwise shut down.  FES [...]

404, 2018

Renewables Increases as Source of Energy Generation

April 4th, 2018|News|

Resources While U.S. clean energy installations lagged, a record amount of capacity brought online in 2016 drove generation from renewables in 2017 to its highest level ever, at 18 percent of the overall energy mix. Natural gas and coal still remain the top producers of U.S. electricity, but both [...]