And the Illinois House Public Utilities Committee is kicking off a hearing on the @FERC’s #MOPR order re: @pjminterconnect
@pjminterconnect’s Stu Bresler up 1st
@pjminterconnect Bresler repeats PJM's previously statements on #MOPR. Up now: Jim Zolnierek, chief - Public Utilities Bureau at @ILCommerceComm.
@pjminterconnect @ILCommerceComm Zolnierek notes that unlike existing renewables, @ExelonGen's Quad Cities plant that gets ZEC payments will be subject to #MOPR.
@pjminterconnect @ILCommerceComm @ExelonGen On options for Illinois: 1) do nothing 2) carbon price/cap and trade - could produce equivalent changes in the generation mix 3) Expand renewable/efficiency standards 4) FRR
@pjminterconnect @ILCommerceComm @ExelonGen Up now, Susan Satter, chief Public Utilities Bureau for IL AG @KwameRaoul
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul Satter: ComEd market is 20% oversupplied w/generation, yet has among highest capacity prices in @PJM. And 3 of @Exelon's 5 nuke plants didn't clear or fully clear capacity market. Meaning Illinois is relying on cheaper coal/gas.
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon Satter: On #MOPR impact on new renewables "fairly limited" because wind, solar are intermittent resources and don't rely on capacity revenue like nukes, fossil fuels.
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon Effect of #MOPR on new renewables will be relatively minor, Satter said. But she notes that could change w/ advances in storage that could make wind, solar a larger player in capacity markets.
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon Satter: #MOPR valies being discussed won't affect @Exelon unsubsidized nuke plants. But will impact Quad Cities. Limited impact on utility scale renewables.
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon And now Anthony Star of Illinois Power Agency (who would see a huge bump in his responsibility if an FRR was adopted.)
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon Star: The "devil is in the details" with an FRR. Key concern is a robust and complete process, and that will take time. There could be "unintended consequences."
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon Star: Illinois at less than 8% renewables today. RPS is 25% by 2025.
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon Back on the FRR: @ILCommerceComm's Zolnierek: Illinois, more particularly ComEd, could face penalties if a competitive procurement for capacity comes up short. As mentioned earlier, ComEd Zone in PJM has a surplus, but still a risk...
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon @pjminterconnect Bresler on talk about Illinois "double-paying" for capacity: Basically means consumers would be paying for capacity through auction and subsidizing plants like Quad Cities (and their capacity value) that don't clear.
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon Bresler: ComEd would face a penalty for a 'deficient' FRR.
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon AG's Satter: ComEd would probably try to pass any penalty onto customers.
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon Bresler clarifies: An FRR is not the same as ComEd leaving @PJM. He was answering question whether Illinois could go the Texas route and have it's own ISO.
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon Shifting gears to #CEJA supporters and Dulce Ortiz of Clean Power Lake County on environmental justice and the connection to Illinois' power mix.
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon Focus turns to @FERC's #MOPR order, which Ortiz refers to Trump's "fossil fuel bailout."
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon @FERC @cubillinois' David Kolata is up now, arguing the #MOPR is bad for the environment and consumers. Citing Chicago Chamber, @SEIA and @AWEA criticism of order. )Coincidentally, SEIA and AWEA back another bill, #Pathto100 Act, that would leave Illinois in PJM capacity market.
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon @FERC @cubillinois @SEIA @AWEA Kolata: Let me be clear: "Price suppression isn't a problem that needs to be solved." In the "weird world of the FERC order, it's a problem that needs to be corrected."
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon @FERC @cubillinois @SEIA @AWEA #MOPR now referred to by Kolata as the "Trump rate hike."
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon @FERC @cubillinois @SEIA @AWEA #CEJA requires 5% savings on energy, capacity, RECs and ZECs combined. Cites massive reserve margin in ComEd zone of PJM.
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon @FERC @cubillinois @SEIA @AWEA Kolata says #CEJA designed to ensure Illinois won't incur penalties from a deficient FRR
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon @FERC @cubillinois @SEIA @AWEA Up now, @EnvDefenseFund's Christie Hicks to talk about climate impacts of #MOPR order
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon @FERC @cubillinois @SEIA @AWEA @EnvDefenseFund Hicks calls for a comprehensive energy bill that puts jobs, environment and equity at the center of it. And capacity market reform has to be a central piece of it, she says.
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon @FERC @cubillinois @SEIA @AWEA @EnvDefenseFund Hicks: FERC order "blatantly favors one group of companies (fossil energy) over another....This is far worse that we could have imagined."
@pjminterconnect @ILCommerceComm @ExelonGen @KwameRaoul @pjm @Exelon @FERC @cubillinois @SEIA @AWEA @EnvDefenseFund Hicks: "We (Illinois) can design a market that works for renewable energy companies."
