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ISO New England

Capacity Market Poker

By Energy Rant No Comments
About two weeks ago, New England got a punch in the mouth from old man winter. I tuned into the Mt. Washington Observatory (New Hampshire) to check the conditions. On Friday evening, February 3, it was cool and breezy at minus 46°F with 99 mph wind and freezing fog. I dig that. Today’s post continues last week’s discussion on wholesale electricity markets, including capacity and energy-only markets. Summary of that post: Wholesale markets are headed for trouble because Electricity cannot and will not be stored in bulk quantities Society cannot function without electricity Grid loads are getting spikier, and that…
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2022’s Lucky Seven Lookback

By Energy Rant No Comments
This post features the results of my Lucky 7 predictions I made a year ago, a grade for each omen, and a little sass here and there. Coal Record Prediction: Annual worldwide coal consumption will pass the all-time high set in 2014. Result: The Internation Energy Agency, on 16 December, reported, “Global coal use is set to rise by 1.2% in 2022, surpassing 8 billion tonnes in a single year for the first time and eclipsing the previous record set in 2013(sic), according to Coal 2022, the IEA’s latest annual market report on the sector.” This is remarkable, considering “For…
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Wind Production Tax Credit

Capacity Market v Energy Market – What’s the Diff?

By Energy Rant 3 Comments
We are taking a break from exergy this week, and we are going to examine what is happening in distorted electricity markets around the country. This will be somewhat of a sequel to Regulating Deregulation and Wind's Other Big Subsidy. Too much of a good thing, or as they say, unintended consequences, is pushing the grid in some places toward instability. By the way, I scoff at the term “unintended consequences.” There are only two types of consequences: intended and ignorant ones.Utility Dive notes that Texas (Electricity Reliability Council of Texas – ERCOT) and the Southwest Power Pool are the…
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