The fourth full week of the post-Market Renewal Program (MRP) (“renewed market”) has passed. Overall, the magnitude of real-time price volatility was lower throughout the week, with fewer hours where prices moved significantly above the marginal cost of gas-fired generation. Overall, real-time pricing in the energy market over the past week was more aligned with historical pricing in the legacy market.
Read Full ReportThe third full week of the post-Market Renewal Program (MRP) (“renewed market”) has passed. The real-time market continues to experience significantly more volatility than the Day-Ahead Market (DAM) in both the energy and Operating Reserve (OR) markets, while a number of nodes posted extremely volatile Locational Marginal Prices (LMPs) during the week, particularly in real-time.
Read Full ReportThe second full week of the post-Market Renewal Program (MRP) has passed and a number of trends from the first week remained in place.
Read Full ReportThe IESO’s Market Renewal Program (MRP) has officially launched and completed its first week. According to the IESO’s MRP implementation plan, the full transition to MRP is now complete.
Read Full ReportOn March 4, 2025 the United States imposed a 25% tariff on a range of goods exported from Canada into the United States. While the import tariff included in the Executive Order signed by US. President Donald Trump provides for a lower 10% tariff on energy resources – including electricity – the threat of higher reciprocal tariffs may be applied in addition to the current exemption for electricity.
Read Full ReportA new lucrative energy resource is emerging in the state of Pennsylvania: compensation through net metering for customer-generators of alternative energy systems provides rewarding rates for electricity delivered to the grid. Solar systems up to 3 megawatts (3 MWAC) are eligible to participate in this net metering framework.
Read Full ReportDespite being the 43rd ranked state by population, Maine’s Community Solar market had the second largest volume of installations in the country in 2024, behind only New York. Through December 16, 2024, some 278.7 MWAC of community solar had been installed in Maine (Figure 1). That followed a similar amount for 2023 of 283 MWAC. By contrast, SEIA reported that New York installed about 430 MWDC (~310 MWAC) of community solar in 2024 and Illinois was third with 250 MWDC (~180 MWAC).
Read Full ReportCould 2025 be the year of transmission in the US Northeast (i.e., ISO New England Inc. and NYISO)? First and foremost, in March ISO-New England is anticipated to issue its first regional solicitation under the longer-term transmission planning (LTTP) process focused on projects that enable connection of 1.2 GW of onshore wind in Maine and address constraints to the flow of power from northern to southern New England.
Read Full ReportPower Advisory is excited to announce that Adrienne Downey is joining the team to enhance the firm’s growing portfolio in the United States and Canada, with a focus on offshore wind. Adrienne will leverage her extensive experience in project development and policy engagement to assist clients with market analysis, project design, and development strategies.
Read Full ReportOn December 19, 2024, Ontario’s Minister of Energy and Electrification delivered the Ontario Energy Board (OEB) a renewed Letter of Direction (LoD), setting out his expectations for the OEB and the energy sector for the 2025-2028 business planning period.
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