ICIS, the independent authority on UK energy market pricing, has highlighted that the same factors pushing the ICIS Power Index (IPI) to multi-year lows in January are expected to continue this year, detailed in its fourth quarter (Q4) analysis.
After delaying its meeting for nearly a full day, the Federal Energy Regulatory Commission Wednesday capped California wholesale power prices at cost for 1 year during emergencies. The order is contingent on the California Independent System Operator submitting a plan to form a regional transmission organization. The price cap will vary depending on the individual costs of generators. Many aspects of the order remain unclear, including how it will affect sales from out of state into California
A state regulatory group called for an overhaul of US wholesale electricity markets to allow more competition between load management programs and supply responses to help keep the lid on prices. A report prepared for the National Association of Regulatory Utility Commissioners estimated up to one-half the expected growth in electricity demand in the next few years could be displaced by load management, energy efficiency, and pricing reforms.