India’s electrical system produces largest power blackout ever

Michael Giberson From the New York Times: 2nd Day of Power Failures Cripple Wide Swath of India It had all the makings of a disaster movie: More than half a billion people without power. Trains motionless on the tracks. Miners trapped underground. Subway lines paralyzed. Traffic snarled in much of the national capital. On Tuesday, India suffered the… More India’s electrical system produces largest power blackout ever

Does EPSA support capacity markets? For power markets, yes; for gas pipeline markets…

Michael Giberson The Electric Power Supply Association, “the national trade association representing competitive power suppliers,” supports the use of electric power capacity markets to ensure sufficient generation capacity is available to reliably serve peak consumer load. See, for example, EPSA’s policy paper on the topic: Well-functioning forward capacity markets are a critical component of organized wholesale… More Does EPSA support capacity markets? For power markets, yes; for gas pipeline markets…

FERC, NERC conclude “weather-related causes” explain most electric power and gas supply problems during February’s extreme cold in Southwest U.S.

Michael Giberson The Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corporation (NERC) have issued their report on the events surrounding electric power and natural gas supply interruptions around the Southwest United States in early February, 2001. The culprit? According to the press release: “the task force found a majority of the… More FERC, NERC conclude “weather-related causes” explain most electric power and gas supply problems during February’s extreme cold in Southwest U.S.

Power outages hot and cold

Michael Giberson A FuelFix post by Tom Fowler relays ERCOT’s report that the Texas grid operator expects to have enough power to serve customers reliably this summer. At the end of Fowler’s post he casually mentioned, in connection with the rolling blackout in ERCOT last winter, “a report by federal reliability officials concluded power plant… More Power outages hot and cold

ERCOT reliability monitor issues report on the February 2 rolling blackouts

Michael Giberson The Texas Reliability Entity has issued its report on the ERCOT extreme cold weather events and rolling blackouts of February 2, 2011. Texas RE is the NERC regional entity for the ERCOT power system and contracted to the Public Utility Commission of Texas to serve as ERCOT reliability monitor for the state agency. In… More ERCOT reliability monitor issues report on the February 2 rolling blackouts

Independent monitor finds no market abuse during ERCOT rolling blackouts on February 2

Michael Giberson The ERCOT independent market monitor (IMM) has released its report on the February 2, 2011 rolling blackouts. Excerpts from the report introduction are below, but let’s get to the meat of the matter. The IMM was asked (1) whether there was any evidence that market participants tried to manipulate the market for financial… More Independent monitor finds no market abuse during ERCOT rolling blackouts on February 2

ERCOT rolling blackout news: Powerful market forces already at work

Michael Giberson A regulatory filing by Energy Futures Holdings Corp., the parent company of Luminant, a major power generator in the Texas market, provides a small peak behind the curtain of confidentiality that has limited the public’s view of what all went wrong on February 2. A small peak, but a significant story: In an… More ERCOT rolling blackout news: Powerful market forces already at work