Competitive wholesale electricity markets are at a turning point. These papers outline questions emerging about wholesale market reform and introduce two pathways for markets to evolve.
EI’s Mike O’Boyle discusses a hidden billion-dollar coal bailout: Self-committing, or utilities scheduling uneconomic coal-fired plants to run at a loss even when cheaper electricity is available.
EI’s Amanda Myers says New York, Maryland, and Michigan are helping overcome the EV infrastructure charging gap through utility programs.
EI’s Silvio Marcacci says renewable energy jobs are booming just as the coal industry is contracting, even in America’s most coal-dependent regions.
EI’s Amanda Myers says 88% of the biggest U.S. cities lack the EV charging infrastructure to meet demand forecasts, but says California’s utility deployment holds lessons for other states.
EI’s Silvio Marcacci details new “coal cost crossover” research showing 74% of existing U.S. coal plants cost more to operate than replacing them with new local wind and solar.
America has entered the “coal cost crossover” where existing coal is more expensive than cleaner alternatives. Today, local wind and solar could replace 74 percent of the U.S. coal fleet at an immediate savings to customers. By 2025, this number grows to 86 percent of the coal fleet.
APP’s Ron Lehr outlines financial tools which swap coal debt for clean energy equity to help utilities retire uneconomic coal generation early.
EI’s Eric Gimon says outdated U.S. wholesale power market rules are preventing energy storage from reaching its full market potential.
EI’s Silvio Marcacci says retiring Colorado coal plants could save $2.5 billion and a proposal in the state legislature could generate private investment to help utilities close plants while funding economic transition.