Second consecutive year of high capacity auction prices highlights urgent need to fix interconnection delays and accelerate clean energy projects
The latest PJM capacity auction results make clear, for the second year running, that the PJM region desperately needs new generation, storage, and demand-side resources to meet growing electricity demand. But despite strong “build” signals from high prices, critical barriers are blocking projects from moving forward.
Prices have
once again increased in PJM
, going up for most customers from
$269.92/MW-day during the previous auction to $329.17/MW-day today, even though consumers were protected from an even more significant increase by the newly implemented price cap.
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Topics:
Wholesale Markets,
Press Releases,
Jon Gordon
Transaction Creates the Energy Industry’s Most Comprehensive Regulatory Intelligence Platform and Customer Community
BIRMINGHAM, AL –
HData, provider of regulatory data solutions, and Advanced Energy United, owner and operator of the Insight Engine software platform, today announced a deal to create the premier regulatory intelligence technology for the energy sector. Through this transaction, HData will acquire Insight Engine and establish the industry’s largest ecosystem of utilities, energy companies, regulators, corporates, power producers, consulting firms, financial institutions, software companies and advocates.
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Topics:
Press Releases,
Insight Engine
WASHINGTON, DC – Today, in response to the
announcement
that President Donald Trump is nominating David LaCerte to the Federal Energy Regulatory Commission (FERC), Caitlin Marquis, Managing Director at Advanced Energy United, issued the following statement:
“Advanced Energy United congratulates David LaCerte on his nomination to FERC.
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Topics:
Press Releases,
FERC
Assembly Bills 44 and 740 advance in the Senate
SACRAMENTO, CA Today, the California Senate Energy Committee advanced two virtual power plant (VPP) bills, Assembly Bill 740 (Harabedian) and Assembly Bill 44 (Schultz).
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Topics:
Press Releases,
California,
Edson Perez,
Virtual Power Plants
The State Corporation Commission released its order on Dominion Energy’s 2024 Integrated Resource Plan (IRP)
RICHMOND, VA — Today, the State Corporation Commission released its order on Dominion Energy’s 2024 Integrated Resource Plan (IRP), a long-term planning document that will guide billions in utility investments over the coming decades. The Commission found that the 2024 IRP is legally sufficient while noting that its order does not express approval of Dominion Energy’s future spending plans.
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Topics:
Regulatory,
Virginia,
Press Releases,
Shawn Kelly
State leaders now have a responsibility to act to protect residents from rising energy costs, job cuts
WASHINGTON, DC —
Advanced Energy United's President and CEO Heather O'Neill released the following statement following final passage of the reconciliation budget bill:
"America didn’t have an energy emergency before, but this legislation goes a long way towards creating one.
As state leaders assess the damage done by Congress with this budget bill, they will have a responsibility and urgent need to protect their residents from job losses, rising energy prices, and grid instability.
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Topics:
Press Releases,
Heather O'Neill,
Federal Priorities
Budget bill will drive up energy prices, with thousands of energy jobs hanging in the balance
WASHINGTON, DC — Following the passage of H.R. 1 by the U.S. Senate, Advanced Energy United President and CEO Heather O'Neill released the following statement:
"This bill will hit Americans hard, terminating credits that have helped families lower their energy and transportation costs, shrinking demand for American-made advanced energy technologies, and squeezing new domestic energy production at a time of rising demand and prices. While Senators have addressed some of the worst provisions from earlier versions – including the ill-conceived excise tax – a number of punitive measures remain. The advanced energy industry will endure, but the downstream effects of these rollbacks and punitive policies will be felt by American families and businesses for years to come.
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Topics:
Press Releases,
Heather O'Neill,
Federal Priorities
Celebrating the progress Virginia has made, and reaffirming our commitment to ensuring the full promise of the VCEA is realized in the years ahead
RICHMOND, VA – Today marks the five-year anniversary of the landmark Virginia Clean Economy Act (VCEA), the historic legislation that set the Commonwealth on a path toward 100% clean energy.
“The VCEA was a turning point for Virginia’s economy,” said
Jim Purekal, Director at Advanced Energy United. “Five years ago, United helped rally a diverse coalition of energy innovators, business voices, and environmental advocates to support this legislation. Because everyone knew clean energy was the smartest investment the Commonwealth could make in its future. Today, we’re seeing the benefits: new jobs and new industries, all here in Virginia.”
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Topics:
Virginia,
Press Releases,
Jim Purekal
Advanced Energy United calls for Changes to H.R. 1 Before Senate Vote
WASHINGTON, DC — Ahead of a planned vote by the Senate on H.R. 1, national business association Advanced Energy United President and CEO Heather O'Neill released the following statement:
“A vote for this bill is a vote to eliminate millions of jobs and thousands of energy projects while jacking up electric costs and endangering reliability. The updated text is worse than the proposal put forward by the Senate Finance Committee almost two weeks ago. If passed, Americans will look back to this weekend as the moment when the Senate approved a massive energy bill hike for all Americans.
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Topics:
Press Releases,
Heather O'Neill,
Federal Priorities
The third phase of a national campaign will educate constituents in Arizona, California, Colorado, New York, Pennsylvania, and Virginia about the positive impact of advanced energy tax credits.
WASHINGTON, DC — As Congress rounds the final corner of negotiations on a major tax reform package, Advanced Energy United is launching an ad blitz across six districts to defend remaining energy tax policies, which – under current law – were projected to generate $3 trillion in economic benefits, $846 billion in household savings, and 13.7 million American jobs over the next decade.
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Topics:
Press Releases,
Harrison Godfrey,
Federal Priorities
