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FERC Gives NYISO the Heisman on its Renewables Plan

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FERC rejects NYISO plan to integrate in-state renewables; PG&E shuts power to 170,000 in fire season; Italy's top bank goes negative on coal; Greece follows suit, and so does S. Korea; Nissan hits 1/2 million Leafs; Nikola in a heap of trouble

1) FERC rejects NYISO's proposed changes to capacity market in order to integrate renewables necessary for 70% clean energy goals by 2030. Echoes of PJM's MOPR just begging for state-level insurrection;

2) In Calipocalypse, PG&E began preemptive power shut-offs 9/7 and restored on 9/10, affecting nearly 172,000;

3) Italy's top bank UniCredit limits exposure to coal investments, going to zero by 2028;

4) Greece to spend nearly $6 billion to facilitate shutting of coal plants by 2028. Replacements to include 2.3 GW of solar;

5) S. Korea to close 30 coal power plants by 2034, w/10 by 2022, and rest by 2034. They'll triple solar & wind and bump EVs from 110,000 to 1.3 million;

6) Nissan's 500,000th LEAF rolled off UK production line last week;

7)Nikola & GM announced strategic partnership w/Nikola to use GMs Ultium battery system and Hydrotec fuel cell technology. Two days later, massive fraud allegations threaten entire deal.

 

 

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Peter Kelly-Detwiler's picture

Thank Peter for the Post!

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Matt Chester's picture
Matt Chester on Sep 30, 2020 4:21 pm GMT

Thanks for kicking off this discussion, Peter. What's the path forward for NYISO-- is there any chance the plan may be to wait and see if a new administration comes into office and sees FERC commissioners installed that would take a different approach, or is it back to the drawing board? 

Peter Kelly-Detwiler's picture
Peter Kelly-Detwiler on Sep 30, 2020 5:39 pm GMT

Well, there may be some hope with the alternative approach of including carbon prices, such as the FERC is discussing today.  Or perhaps a new administration is friendlier to the approach.

Matt Chester's picture
Matt Chester on Sep 30, 2020 9:30 pm GMT

Good point about the discussions going on today-- did you catch the check-in on those talks from Richard Brooks posted to Energy Central?

https://energycentral.com/c/ec/halftime-report-ferc-carbon-pricing-conference

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