This seems like a great explanation of hub vs node settlement

Interesting to see the post conference comments re: June FERC resource adequacy meeting IMM: Solution is for data centers to BYOG as data center loads "unique and unprecedented” Constellation: strange to suggest data centers BYOG & other loads go through capacity market,

When you think about the long history of frontier companies and labs there — Menlo Park, Bell Labs, RCA, Sarnoff, and now Pfizer, Novo Nordisk, Merck — and the fact it’s located next to *the* global hub of finance — then it becomes obvious that America’s Shenzhen is New Jersey.

Brattle Group is NOT joking around about this in their 2025 CONE study for PJM: pjm.com/-/media/DotCom…

Many PJM states have aggressive renewables targets. But so far instead of building lots of local wind & solar, they're mainly just buying RECs from MISO. Share of PJM states' renewables targets met by non-PJM RECs: 2021: 55% 2022: 50% 2023: 54% 2024: 53%

Chairman Christie’s Concurrence to Order Denying MISO’s Petition for Declaratory Order re the IMM’s Role ferc.gov/news-events/ne… With transmission costs driving ever increasing monthly power bills, we should applaud market monitors with the courage to do their jobs.

If late-night hosts can’t lose $40 million a year telling lame, partisan jokes and keep their jobs, are any of us truly free?

"Assessing the interconnection of an 'energy park' from an integrated perspective can avoid triggering expensive transmission upgrades in both base-case reliability analyses & contingency analyses. Both PJM & MISO have expressed support for developing such integrated assessment

PJM: Without the price cap the clearing price would have been $389/MW-day. Cleared UCAP and reserve margins identical to results with cap and floor

This was expected, this is going to sting. Expect electricity bills to continue to rise in the region and energy affordability concerns to be top of mind at kitchen tables and for politicians (at least the shrewd ones)

Jefferies: "The lack of DR is indeed an angle we had not anticipated. Yes, eventually peak shaving and other demand responses to higher capacity prices will motivate customers, but we appreciate that new load (Data Centers) appears to be quite price inelastic. This equally has

We’re launching Right Of Way, a podcast about energy policy, energy politics, and above all the upcoming permitting reform fight. Hosted by me and Pavan Venkatakrishnan, presented by IFP and Foundation for American Innovation 🇺🇸🚀. First episode dropping next week — stay tuned.

Duke Energy says it has new performance requirements for large loads, including "mandated interruptible requirements for a specified period of time," in a filing yesterday to the NC Utilities Commission:

.Ezra Klein this is off by at least hundreds of billions but more likely several trillion. Shortly after the IRA passed, everyone from Goldman to Brookings to Credit Suisse realized the CBO estimates were off big time. Sources to follow. Important to get facts right.