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The Total Cost of Ownership (TCO) for Off Shore Wind (OSW) resources can be staggering. One does not simply dispatch a "bucket truck and two man team" when things go wrong on an offshore wind turbine, like we do today in the electric grid. The people that work on off shore wind turbines are specialists with special tools and resources, like sea-going barges equipped with cranes..
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The post Mixed Reactions to FERC’s Recent MOPR Order from Power Generators appeared first on POWER Magazine.
On Dec. 19, the Federal Energy Regulatory Commission (FERC) directed PJM Interconnection to dramatically expand its Minimum Offer Price Rule (MOPR) to nearly all state-subsidized capacity resources. It’s the latest of a series of dramatic revisions to the grid operator’s rule, which essentially functions to provide a minimum offer screening process to bar new market entrants from artificially depressing capacity auction clearing prices.
See why the recent order is significant here, “The Significance of FERC’s Recent PJM MOPR Order Explained.” |
The barrage of news reports about the order that followed its release focused heavily on the divided vote, noting it fell along the commissioners’ political affiliations: Chairman Neil Chatterjee and Bernard McNamee are Republicans, and Richard Glick is a Democrat. As Cheryl LaFleur, a commissioner who left FERC in August, told POWER, FERC—an independent regulatory government agency that is officially organized as part of the Department of Energy—has increasingly been mired in partisanship and politicization.…
The midterm elections yielded mixed results for power-related matters across the U.S.
Voters in Arizona shot down a measure that would have expanded the state’s renewable portfolio standard (RPS) to 50% by 2030, but voters in Nevada overwhelmingly backed a similar measure, adding it to a growing list of states that have sought 50% RPS levels.
In Colorado, voters defeated a measure to limit drilling for oil and natural gas on state-owned land. In Washington State, voters thwarted a consequential statewide initiativeto impose a fee on emissions of carbon dioxide. And in California, voters defeated a measure that would have allowed state lawmakers to pass a spending plan for revenue from the state’s cap-and-trade program for greenhouse gases (GHGs) from 2024 onward.
Proposition 127, the “Renewable Energy Standards Initiative” sought approval for a constitutional amendment that required Arizona electric utilities to acquire a certain percentage of power from renewables each year, with that percentage increasing annually—from 12% in 2020 to 50% in 2030.…