In a strategic move aimed at enhancing its power supply reliability, FirstEnergy is actively exploring alternatives to the PJM capacity market. This development reflects the company’s proactive approach to addressing challenges within the existing market structure and ensuring a more robust and resilient energy supply for its customers.
Understanding the PJM Capacity Market
The PJM capacity market, administered by PJM Interconnection, is a critical component of the region’s electricity market, which spans parts of the...
Field data management: The value and challenge of asset health insight BY PAUL BARNETT, JOHN STEWART, Tennessee Valley Authority & PAT BROWN, Electric Power Research Institute Intelligent management and operation of assets is of major importance to electric utilities. In an era where assets are...
In a significant shift in its renewable energy strategy, New Jersey has recently decided to cancel its plans to award a fourth offshore wind farm project. The decision marks a crucial moment in the state’s ongoing efforts to expand its offshore wind sector, which has long been hailed as a...
Many fleet executives working at electric utilities have doubts about implementing global positioning system (GPS) tracking technology into their fleet operations. A number of doubts exist. For example, GPS technologies are designed to track a vehicle’s whereabouts; this can lead to trust issues...
Valuable information from managers and directors BY PHILL FELTHAM, Executive Editor Electricity Today Magazine Electric utilities are facing operational cutbacks and lower budgets due to the recent economic downturn. However, many of these same utilities are taking a fresh approach to maintaining...
The power industry is undergoing a profound transformation driven by grid modernization, renewable integration, and increasing demands for resilience and efficiency. At the heart of this evolution lies the smart substation—a next-generation facility equipped with advanced sensors, digital...
In a significant shift in its renewable energy strategy, New Jersey has recently decided to cancel its plans to award a fourth offshore wind farm project. The decision marks a crucial moment in the state’s ongoing efforts to expand its offshore wind sector, which has long been hailed as a...
The Coastal Virginia Offshore Wind (CVOW) project, one of the United States’ largest offshore wind developments, has encountered an increase in its projected costs, but it remains on track to meet its scheduled completion by the end of 2026. The project, spearheaded by Dominion Energy, is set...
Whales, the majestic giants of the ocean, have long captivated human imagination. Beyond their grandeur, these marine mammals are now providing scientists with invaluable insights into climate change, offering a unique perspective on the health of our planet. Whales as Climate Change...
In December 2024, the U.S. Department of Energy (DOE) announced funding to support community-led geothermal projects, aiming to enhance local energy resilience and promote equitable access to renewable energy. This initiative underscores the DOE's commitment to empowering communities in the...
In December 2024, President Joe Biden's administration set an ambitious target to reduce U.S. greenhouse gas (GHG) emissions by 61% to 66% by 2035, compared to 2005 levels. This goal aligns with the Paris Agreement's framework, which requires participating nations to update their emission reduction...
