In August 2023, the federal government released a draft version of the Clean Electricity Regulations (CER) that introduce significantly more stringent operating restrictions for gas-fired generation beginning in 2035 – amounting to an effective prohibition on fossil-fueled electricity generation in its current form.
Read Full ReportPower Advisory LLC, a leading North American management consulting firm that specializes in electricity sector matters and solutions, is pleased to announce the addition of two new hires to their team: Kris Aksomitis, Director and Heejin Ryu, Manager, based in Colorado. Kris and Heejin will both be joining the US team and have a broad understanding of the US power markets.
Read Full ReportOn June 27, 2023, the AESO held what it called its “Inaugural Stakeholder Symposium” which was an all day event focused on the issues the AESO has been experiencing with reliability.
Read Full ReportOn July 10, 2023, Ontario’s Ministry of Energy released Powering Ontario's Growth – Ontario’s Plan for a Cleaner Energy Future (“the Plan”).
Read Full ReportPJM Tier 1 RECs hit an all time high, driven by interconnection queue woes, supply chain issues and higher RPS demand, but how long will the party last?
Read Full ReportThe Independent Electricity System Operator (IESO) released its resource adequacy update, providing final results from the Expedited Long-Term Request for Proposals (E-LT RFP) and Same Technology Upgrades (Same Tech). The results are an update from the previous month’s results and include the weighted average price of the procurement. Through the E-LT RFP, the IESO has procured 930 MW of storage and 318.5 MW of gas-fired generation.
Read Full ReportRecent legislation in Maryland increasing the state’s offshore wind goal to 8.5 GW by 2031 strengthens offtake opportunities for BOEM’s Central Atlantic lease area. This is a significant increase from the 2019 goal set through the Clean Energy Jobs Act of 1.2 GW by 2030.
Read Full ReportEfficiency between markets is determined by the interplay of prices and costs. When one market offers lower prices compared to another, it tends to export more power, while higher prices result in increased power imports. Thus, a positive correlation is expected between prices and imports, and a negative correlation between prices and exports.
Read Full ReportIn May the Independent Electricity System Operator (IESO) released initial results from the Expedited Long-Term Request for Proposals (E-LT 1 RFP), procuring 318.5 MW of gas-fired generation and roughly 780 MW of battery storage under the Category 1 storage category. Additional storage capacity is likely to follow from the so-called Category 2 storage proposals, i.e., those proposals whose price exceeded an undisclosed IESO threshold and which were referred to the Canadian Infrastructure Bank (CIB) to seek potential price reductions through lower project financing costs.
Read Full ReportBC Hydro filed its Signpost Update for their 2021 Integrated Resource Plan (2021 IRP) with the BC Utilities Commission (BCUC). As the name suggest, the Signpost Update updates the 2021 IRP to reflect changes in system needs that go beyond the capabilities of Near-Term actions.
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