PJM’s inability to quickly connect new large-scale energy sources to the grid cost consumers $7 billion in latest capacity auction, found new Grid Strategies analysis
WASHINGTON, DC – Electricity prices across the Mid-Atlantic and Midwest are set to soar, but a new analysis finds that consumer electricity costs could have been reduced by as much as $7 billion dollars in PJM Interconnection’s latest capacity auction had the grid operator’s interconnection process been working more efficiently to bring needed supply online to match demand.
The finding comes from a new analysis from the consulting firm Grid Strategies, “Penny-wise and pound foolish:PJM’s Capacity Auction Demonstrates the Cost Imperative of Simplified and Speedy Interconnection.” The report was prepared for national business association Advanced Energy United, and explores PJM as a specific case study of a broader national trend.
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Jon Gordon,
Interconnection
To address potential electricity shortages, PJM Interconnection has proposed measures to expedite the development of new power plants in order to enhance grid reliability. Canary Media spoke with clean energy advocates, including United's Caitlin Marquis, who argued that reforming current interconnection processes and investing in grid expansion could facilitate the integration of advanced energy solutions to meet electricity demand while supporting decarbonization goals.
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United In The News,
Caitlin Marquis,
Interconnection
The Federal Energy Regulatory Commission (FERC) has approved PJM Interconnection's proposal to expedite the development of new power plants. Erie New Now spoke with United's Jon Gordon who explained that this new approach favors fossil fuels over clean energy solutions and does not address the root of the issue, which is a faulty interconnection process.
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United In The News,
Jon Gordon,
Interconnection
WASHINGTON, DC – Today, national business association Advanced Energy United congratulated Mark Christie on his appointment as Chair of the Federal Energy Regulatory Commission (FERC).
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Fixing the ‘interconnection’ process would help states keep up with growing energy demands and dramatically increase job and economic opportunities
WASHINGTON, DC – The way that new large-scale energy resources plug in to the power grid is outdated and cumbersome, and a new report shows that fixing these so-called ‘interconnection’ processes could result in over $100 billion in economic benefits, and over one million years worth of work for Americans.
“Our nation’s electricity demands are growing, and these broken interconnection processes are standing in the way of Americans building the energy projects we need to thrive,” said Heather O’Neill, President and CEO at Advanced Energy United. “Fixing interconnection would unleash job-creating energy projects and deliver an economic boom in states across America. If states can more quickly build the poles and wires needed to connect new electricity resources to the power grid, they will unleash their economic potential, lower electricity bills for residents, and improve energy reliability for all.”
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Western Regional Electricity Market Progress Continues to be Made
Today, the Launch Committee for the West-Wide Governance Pathways Initiative released Step 2 of its Straw Proposal, which proposes to establish a new, independent Regional Organization (RO) to govern existing regional energy markets (EIM and EDAM), as well as potentially provide additional market services in the future. Clean energy industry representatives from Advanced Energy United, Renew Home, Enel North America, and Leap provided the following statements on the proposal, which will also help advance efforts to build a regional transmission organization (RTO) in the West.
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Leah Rubin Shen,
Western RTO,
California
Utility Dive reports on a the release of a new report, co-commissioned by United, that calls for grid interconnection reforms to advance cost certainty and transparency, speed and schedule certainty, and remove barriers to market access. The article quotes United's Caitlin Marquis, who emphasizes the importance of reshaping the interconnection process as electricity demand increases.
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United In The News,
Caitlin Marquis,
FERC
Renewable Energy World reports that Southwest Power Pool (SPP), one of nation's largest regional transmission organizations, has requested that the Federal Energy Regulatory Commission (FERC) postpone 2024 interconnection requests and hold off on accepting new ones until the grid operator can catch up on previous clusters. In the article, United's Lisa Barrett categorizes SPP pausing its queue as disappointing.
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Lisa Barrett
Reforms needed to expeditegenerator interconnection amidst growing demand for electricity
WASHINGTON, DC – Amid growing demand for electricity, a new report from Grid Strategies LLC and The Brattle Group recommends additional reforms to “generator interconnection,” the process by which new, large-scale energy resources are connected to transmission grids. The report, Unlocking America’s Energy: How to Efficiently Connect New Generation to the Grid, calls for new approaches to interconnection that can move new generation projects more quickly to completion while providing up-front cost certainty.
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Renewable Energy World reports Maryland State Senator Ron Watson and five state delegates released a joint statement condemning the recent spikes in electricity prices within the PJM territory. The article cites United’s Generator Interconnection Scorecard, which assigned PJM with a “D-,” one of the worst scores across the nation, for its management of generation interconnection.
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United In The News,
Maryland
