News & Analysis as of

Energy Sector Wholesale

Holland & Knight LLP

En Colombia disponen alivios a los aspectos comerciales del suministro de GNL

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La Comisión de Regulación de Energía y Gas (CREG) de Colombia publicó el 22 de agosto de 2024, la Resolución 102 009 de 2024 por medio de la cual se adoptaron medidas de carácter definitivo para otorgar alivios a los aspectos...more

Foley Hoag LLP - Energy & Climate Counsel

FERC Wholesale Distribution Service Tariffs For Energy-Storage Facilities Are In The Works For The Northeast

As energy storage facilities (“ESFs”) are developed and deployed in the Northeast, questions about how ESFs will be charged for use of the electric distribution system while participating in wholesale markets have become...more

Morgan Lewis

How Recent FERC Orders Are Regulating Electric Storage, QFs, and Inverter-Based Resources

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Regulatory developments include FERC’s orders on electric storage resources participating in the wholesale markets, qualifying facility eligibility, and reliability rules for inverter-based resources....more

McGuireWoods LLP

First Court of Appeals Dismisses Winter Uri Claims Against Wholesale Power Generators

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In February 2021, Winter Storm Uri hit Texas, causing a sharp spike in electricity demand that could not be satisfied by available generation resources, resulting in statewide blackouts. Commercial and industrial as well as...more

King & Spalding

Changes to REMIT

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REMIT is Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency which has been in force since 28 December 2011. Its purpose is to support open and fair competition in the European wholesale...more

Troutman Pepper

Divided FERC Announces Hands-Off Approach to Capacity Issues in SPP, Raises Questions About Tariff Detail Complaints

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On May 3, 2023, a divided FERC voted 3-1 to deny a widely-supported complaint by multiple utilities in the Southwest Power Pool (“SPP”) region arguing that the absence of the new 15% generation Planning Reserve Margin...more

Locke Lord LLP

Texas 3rd COA Reverses PUC's February ‎‎2021 Uri Order Setting Wholesale Power Price in ERCOT at $9k‎

Locke Lord LLP on

On Friday, March 17, 2023, the Third Court of Appeals issued an Opinion in an appeal brought by Luminant Energy Company and aligned intervenors, and reversed the Texas PUC’s February 15 and 16, 2021 Orders setting the price...more

Morgan Lewis

Storage Participation in Wholesale Markets

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Regulatory developments include FERC’s orders on electric storage resources participating in the wholesale markets, qualifying facility eligibility, and reliability rules for inverter-based resources....more

A&O Shearman

Electricity markets must be redesigned for our new reality

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Wholesale electricity markets were developed decades ago for a world of centralised supply and cheap gas. Today the landscape is much more diverse – so the model must be redesigned....more

A&O Shearman

UK Energy Prices Bill: A windfall tax for low carbon generation?

A&O Shearman on

Few issues have grabbed public attention recently more than the increase in energy prices for consumers. The sudden increase in the price of gas on the wholesale market has both unnerved politicians and thrown into sharp...more

Foley Hoag LLP - Energy & Climate Counsel

The NYISO Sues the FERC Over Participation of Aggregated Distributed Energy Resources in New York’s Wholesale Markets

The long saga of how small-scale, “distributed” energy resources like energy storage, solar, energy efficiency assets and even electric vehicle charging equipment can participate in the New York State wholesale energy...more

Troutman Pepper

FERC Issues Show Cause Order and NOPR on Credit Risk

Troutman Pepper on

On July 28, 2022, FERC issued a show cause order indicating that several regional transmission organization (“RTO”) and independent system operator (“ISO”) tariffs appear to be unjust and unreasonable because they lack...more

Holland & Knight LLP

FERC Proposes Allowing RTOs, ISOs to Share Credit Details on Market Participants

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The Federal Energy Regulatory Commission (FERC) issued a Notice of Proposed Rulemaking (NOPR) on July 28, 2022, that would permit regional transmission organizations (RTO) and independent system operators (ISO) to share among...more

Troutman Pepper

Declining to Propose a Generic Solution, FERC Directs RTOs/ISOs to File Reports on System Needs

Troutman Pepper on

On April 21, 2022, FERC directed each RTO/ISO to submit information related to their wholesale markets, including how changing resource mixes and load profiles are affecting system needs. FERC stated it will review the...more

Pierce Atwood LLP

DER Aggregations in RTO/ISO Markets: An Update on FERC Order No. 2222 Compliance and Implementation

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In September of 2020, the Federal Energy Regulatory Commission (“FERC” or “Commission”) issued Order No. 2222, requiring Regional Transmission Organizations (“RTOs”) and Independent System Operators (“ISOs”) to adopt rules...more

Akin Gump Strauss Hauer & Feld LLP

Why Must the Project Company Only Sell Its Power into the Wholesale Market in a VPPA?

A common question for commercial and industrial (C&I) offtakers is why there’s a covenant that the Project Company must sell all of the power it is financially settling with the C&I customer into the wholesale market. A...more

Davis Wright Tremaine LLP

PJM Proposes New Model for Distributed Energy Resource Aggregation

On February 1, 2022, PJM Interconnection, L.L.C., submitted a compliance filing (Filing) in response to Order No. 22221 of the Federal Energy Regulatory Commission (FERC). That order removed barriers to participation by...more

Akin Gump Strauss Hauer & Feld LLP

FERC Seeks Comment on Implementation of Dynamic Line Ratings for Transmission Facilities

On February 17, 2022, the Federal Energy Regulatory Commission (FERC) issued a Notice of Inquiry (NOI) on whether using “dynamic line ratings” (DLR) for electric transmission lines is necessary for just and reasonable...more

Hogan Lovells

DER aggregation is coming to wholesale markets, but when?

Hogan Lovells on

On September 17, 2020, the Federal Energy Regulatory Commission (FERC) issued a rule, Order 2222, calling for tariff changes to permit the aggregation of distributed energy resources (DERs) in wholesale markets. In a unique...more

Holland & Knight LLP

New Federal Energy Regulatory Commission Rules on Market-Based Rates Coming Soon

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Starting this fall, the Federal Energy Regulatory Commission (FERC) will implement new rules affecting wholesale electricity sellers that have obtained (or will obtain) market-based rate (MBR) authority from the Commission....more

Troutman Pepper

FERC Issues Order No. 2222-B, Setting Demand Response Opt-Out for Further Consideration

Troutman Pepper on

On June 17, 2021, FERC set aside its previous decision in Order No. 2222-A that allowed state regulatory authorities to prohibit demand response resources from participating in distributed energy resource (“DER”) aggregations...more

Holland & Knight LLP

CREG presenta oportunidades de mejora para mercado mayorista de Gas Natural en Colombia

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El pasado 24 de mayo, la Comisión de Regulación de Energía y Gas (CREG) de Colombia expidió la Circular No. 031 de 2021, a través de la cual publicó para comentarios el Documento 049 de 2021 – "Análisis de la Comercialización...more

Troutman Pepper

FERC Issues Policy Statement on Carbon Pricing in Organized Wholesale Electric Markets

Troutman Pepper on

On April 15, 2021, FERC issued a long-awaited policy statement providing guidance on incorporating state-determined carbon pricing into organized markets operated by Regional Transmission Organizations (“RTOs”) and...more

Troutman Pepper

FERC to Allow Distributed Energy Resource Aggregations in Wholesale Electric Markets to Include Demand Response Resources

Troutman Pepper on

On March 18, 2021, FERC issued Order No. 2222-A, setting aside its finding in Order No. 2222 that demand response resource participation in heterogeneous distributed energy resource (“DER”) aggregations are subject to the...more

Balch & Bingham LLP

FERC Continues Efforts to Facilitate DER Participation in Wholesale Markets

Balch & Bingham LLP on

Background - In September 2020, FERC released its landmark Order No. 2222, requiring organized wholesale markets to examine their market rules and to prepare appropriate revisions to remove barriers to the participation of...more

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