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Market Monitor Finds PJM Wholesale Electricity Markets Competitive
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Market Monitor Finds PJM Wholesale Electricity Markets Competitive
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The Lone Star State could become The Blackout State
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EAGLEVILLE, Pa., May 13, 2021 /PRNewswire/ PJM Interconnection s wholesale electric energy market produced competitive results during the first three months of 2021, according to the 2021 Quarterly State of the Market Report for PJM: January through March released today by Monitoring Analytics, LLC, the Independent Market Monitor for PJM.
The Independent Market Monitor, Joseph Bowring, announced findings of the report today. The report is the Independent Market Monitor s assessment of the competitiveness of the wholesale electricity markets managed by PJM in 13 states and the District of Columbia. The report includes analysis of market structure, participant behavior and market performance for each of the PJM markets.
Texas lessons – the interconnected utility ecosystem
The February extreme cold weather snap in Texas highlighted the interconnectedness of the electric and gas systems, says US energy policy expert Beth Garza.
Speaking in Enlit Europe’s grid series webinar on resilience and flexibility [1], Garza said what began as a major winter storm with traffic problems and snarled highways turned into an electricity problem for about a week and then into a water crisis for another week.
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“It has highlighted the tremendous interconnection between our electricity and natural gas systems, how dependent they are on each other and how ill prepared they were to interact with each other,” said Garza, Senior Fellow at the policy research R Street Institute and former Independent Market Monitor for the ERCOT wholesale markets.