PJM

IEEFA Research

IEEFA U.S.: Municipal ratepayers face mounting costs from expensive American Municipal Power projects

Gap between costs from Prairie State, Combined Hydro Project and market prices continues to grow

September 9, 2021 (IEEFA)—Newly available data shows American Municipal Power’s (AMP) Prairie State and Combined Hydro Project have caused costs to continue climbing for municipal ratepayers, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).  Data covering January 2020 through July 2021 showed that Cleveland Public Power (CPP) and its […]

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs

IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs

Commission’s 21-year-old pipeline policy puts contracts ahead of utility customers

December 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

IEEFA: Japanese and Korean investment in risky PJM gas-fired power calls for strategic decisions

IEEFA: Japanese and Korean investment in risky PJM gas-fired power calls for strategic decisions

Investing in gas-fired power plant development faces substantial climate risk

2 December 2020 (IEEFA): Japanese and Korean investors should reassess the growing financial risks to both their new and existing gas-fired power projects in the United States’ Pennsylvania-New Jersey-Maryland (PJM) system, finds a new report by Norman Waite at the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Growing Risks to PJM Network’s […]

IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

Eleven PJM projects under development may fail to prove financially viable

October 5, 2020 (IEEFA) — The landscape for developers of natural gas-fired power plants in the nation’s largest regional power system has shifted dramatically over the last decade, according to a joint study by the Applied Economics Clinic and the Institute for Energy Economics and Financial Analysis. The Pennsylvania-New Jersey-Maryland (PJM) system coordinates the flow […]

IEEFA update:  Bailing out Ohio’s nuclear and coal plants unnecessary for supply or rate stability

IEEFA update: Bailing out Ohio’s nuclear and coal plants unnecessary for supply or rate stability

But $300 million annual charge would be bonanza for FirstEnergy Solutions

(IEEFA U.S.) – A bill before the Ohio General Assembly (HB 6), aimed at rescuing FirstEnergy Solutions’ economically uncompetitive aging nuclear and coal-fired power plants is misguided, according to a briefing note released by the Cleveland-based Institute for Energy Economics and Financial Analysis (IEEFA). The briefing note: Bailout Bill a Bonanza for FirstEnergy Solutions, may […]

IEEFA Report: ‘National Security’ Argument for Saving 2 Power Plants Is a Red Herring Meant to Distract From an Ohio Valley Electric Bailout

Keeping Kyger Creek and Clifty Creek on Life Support Would Cost Ratepayers $1.4 Billion; Market Conditions Will Continue to Undermine Viability of Aging Coal-Fired Plants; Public Resources Are Better Spent on Investing in Transition; Neither Generator Is Needed for Grid Stability

June 20, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published a research brief questioning a bill in the Ohio legislature that would bail out two failing coal-fired power plants owned by the Ohio Valley Electric Corporation (OVEC) and keep the plants alive at huge expense to ratepayers. The plants […]

More News and Commentary

Bloomberg: 32 of 44 PJM coal plants will be unprofitable in 2023

Bloomberg: Most of the coal plants that feed the biggest U.S. power grid will soon no longer be economic to run after prices in a key auction plunged to the lowest in 11 years. Of the 44 coal-fired power plants on the grid operated by PJM Interconnection LLC, 32 will be unprofitable in 2023, the […]

June 9, 2021 Read More →

BP announces deal to purchase 9GW of U.S. solar development projects

Renew Economy: British oil and gas supermajor BP says it has struck a deal to purchase 9GW of solar development projects in the United States from independent US solar developer 7X Energy – described as the biggest green energy deal to date. BP will pay $US220 million for the pipeline of projects, which will grow […]

June 2, 2021 Read More →

US cheap offshore wind power could migrate to Canada power grid

S&P Global Market Intelligence ($): A flood of cheap power generated by planned U.S. offshore wind projects could find its way onto Canada’s power grid, reversing a long-standing trend of mostly one-way trade that sees massive exports of Canadian hydropower to the U.S. The Biden administration’s recent approval of the first major wind farm off […]

June 2, 2021 Read More →

FERC focus under Biden shifts to climate risk, environmental justice

S&P Global Platts ($): US President Joe Biden’s first 100 days have brought a shift at a key independent regulator with oversight over energy markets and interstate gas pipelines, thrusting a Democrat with a strong interest in climate into a leadership position. Federal Energy Regulatory Commission Chairman Richard Glick has sought to smooth tensions with […]

May 3, 2021 Read More →

Solar, wind replacing nuclear, according to 2021 U.S. power plans

S&P Global Market Intelligence: Nearly one-third of the power generation resources planned to come into service in the U.S. in 2021 is located in the Electric Reliability Council Of Texas Inc. market, according to an S&P Global Market Intelligence analysis. Overall, 63,667 MW of new resources are projected to come into service, while 10,693 MW […]

April 27, 2021 Read More →
IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years
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IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA U.S.: Investors would best avoid two proposed Virginia combined-cycle gas plants

IEEFA U.S.: Investors would best avoid two proposed Virginia combined-cycle gas plants

Unneeded projects, if they go forward, will likely end up as stranded assets

Investors should think twice before putting any money into two proposed natural gas-fired combined-cycle power plants in central Virginia. The rapidly moving transition to non-fossil generation resources is almost certain to turn the two plants, which would be only a mile apart, into stranded assets well before the end of their normal life expectancies. The […]

December 23, 2020 Read More →
IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs
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IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs

Commission’s 21-year-old pipeline policy puts contracts ahead of utility customers

December 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now
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IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

IEEFA: Japanese and Korean investment in risky PJM gas-fired power calls for strategic decisions
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IEEFA: Japanese and Korean investment in risky PJM gas-fired power calls for strategic decisions

Investing in gas-fired power plant development faces substantial climate risk

2 December 2020 (IEEFA): Japanese and Korean investors should reassess the growing financial risks to both their new and existing gas-fired power projects in the United States’ Pennsylvania-New Jersey-Maryland (PJM) system, finds a new report by Norman Waite at the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Growing Risks to PJM Network’s […]