US power policy grapples with renewables growth, capacity gaps

Ahead of the S&P Global Platts Global Power Markets conference in Las Vegas, April 8-10, 2019, The Barrel presents a series of articles on the global and US electricity sectors. Platts’ US generating fuels news team report on policies at state and federal level that will have consequences for energy security and the transition to renewables. As the US power industry contends with reliability concerns due to low electricity prices, rapid renewables growth and baseload generation retirements, policymakers are scrambling to offer solutions. Regulators are also trying to work out how to best incentivize adequate generation capacity additions, and how to ensure compensation of existing power plants and other resources operating in competitive markets. The current challenges have already led to a variety of complicated market design proposals and other potential fixes created at both state and federal level. Among the major federal issues being watched closely this year are efforts by the White House to keep nuclear and coal-fired power plants afloat, although so far the Trump administration’s efforts have been frustrated. Among the states, meanwhile, Texas has made market design changes to encourage generation capacity development at a time when reserve margins are extremely low. PJM Interconnection also… continue reading

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Source: CTRM Center

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