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What’s Happening in the Energy Markets?

April 3, 2020

The U.S. Energy Information Administration has several data tools that offer a glimpse at current energy markets, all of which are feeling the effects of COVID-19. You can investigate regional electricity use, petroleum supplies, gasoline and diesel fuel prices, natural gas storage, and much more. 3/31/2020

Electricity Demand Falls Across PJM’s Territory

March 20, 2020

Electric demand across regional transmission organization PJM‘s 13-state footprint — which includes all of Ohio — has declined this week as consumers hunker down due to the spread of the coronavirus. As businesses and public entities take steps to protect employees, PJM says such actions are bound to translate into further changes in the demand needs of its 65 million customers. 3/18/2020

PJM Capacity Market Timeline Proposed

March 20, 2020

This week, PJM filed tariff changes at the Federal Energy Regulatory Commission (FERC) in response to its landmark order — issued in December to protect competitive wholesale electricity markets against unfair competition from subsidized actors.

The changes to the Minimum Offer Price Rule (MOPR) will potentially affect revenue for Ohio’s two nuclear power plants, OVEC’s coal-fired power plants, select large-scale solar projects, and the Sammis coal-fired power plant. All of these power plants are eligible to receive direct subsidies from Ohio ratepayers as a result of last year’s House Bill 6, or are receiving indirect subsidies in the case of Sammis.

PJM has recommended a 35-day comment period, and a six-and-a-half-month lead time from FERC’s acceptance of its tariff changes to when it would hold the next capacity auction. PJM’s capacity auction, already a year behind, may not occur until late 2020. 3/19/2020

Pennsylvania to Join the Regional Greenhouse Gas Initiative as EnergyHarbor Rescinds Nuclear Plant Closure

March 20, 2020

Pennsylvania’s nuclear and renewable energy power plants may continue to receive PJM capacity revenue — while Ohio’s may not. Here’s why:

It has been reported that EnergyHarbor, the company formerly known as FirstEnergy Solutions (FES), has rescinded its closure of the Beaver Valley nuclear power plant in Pennsylvania. Not that long ago, FES had argued to the Pennsylvania General Assembly that the plant was uneconomical, but it failed to win approval of state subsidies — the opposite of what happened in Ohio. Now Pennsylvania intends to join the multi-state carbon market known as the Regional Greenhouse Gas Initiative (RGGI), prompting the reversal of Beaver Valley’s closure. RGGI’s compensation to nuclear power plants for no-carbon power is unlikely to be qualified as a state subsidy. 3/19/2020

OMA Energy Committee Gets Insight Into Markets During Turbulent Times

March 13, 2020

This week, the OMA Energy Committee held its first quarterly meeting of 2020 to review numerous regulatory and legislative matters that could affect Ohio manufacturers, including post-House Bill 6 activity and the December 2019 FERC order.

Meeting highlights included a presentation from Tim Ling, corporate environmental director at Plaskolite, who provided insightful analysis into energy management in an unstable environment. Greg Bechert of Scioto Energy gave members a comprehensive look at electricity market trends, while Richard Ricks of NiSource, Columbia Gas of Ohio briefed members on natural gas trends. Also discussed was the recent drop in oil prices and its impact on oil and natural gas supplies.

The next meeting of the OMA Energy Committee is scheduled for Thursday, May 21. All members are welcome to register for in-person or by-phone participation. 3/12/2020

How Would You Decide These Ohio Cases on Electricity Rates?

March 13, 2020

Regulatory proceedings have big impacts on how much Ohioans pay for their electric service. To drive that point home, the Energy News Network this week published an online, interactive segment that allows readers to decide how they would rule on real cases recently decided by the Public Utilities Commission of Ohio or the Supreme Court of Ohio. After answering, readers find out how their answers compare to what actually happened. 3/12/2020

OMA Defends Competitive Markets Before Senate Energy Panel

March 6, 2020

This week, Brad Belden — president of The Belden Brick Company, Canton, and chair of the OMA Energy Committee — testified before the Ohio Senate Energy and Public Utilities Committee. In addition to making suggestions for an improved regulatory and policy environment, he told senators to stay the course on deregulation, cautioning against a state-administered capacity pricing mechanism for nuclear, coal, and solar generation (similar to the one that currently faces disqualification from the wholesale market).

Read Brad’s testimony, as well as coverage by Gongwer News Service and Hannah News Service. 3/3/2020

What Would a Fracking Ban Mean for Ohio?

March 6, 2020

A new study shows a ban on federal leasing and fracking would have dire consequences for businesses and families nationwide. Commissioned by API, the study finds such a ban, which some presidential candidates have proposed, would threaten as many as 7.5 million U.S. jobs in 2022 alone, lead to a cumulative GDP loss of $7.1 trillion by 2030, and lower household incomes by $5,400 annually. Among the hardest hit states would be Ohio, with an estimated 500,000 lost jobs. Get more details. 3/5/2020

Register for March 12 OMA Energy Committee Meeting

March 6, 2020

It’s not too late for members to register for the OMA Energy Committee’s first meeting of the year, set for Thursday, March 12, in Columbus. Members may participate either in person or by phone. The meeting will be held from 10 a.m. to 1 p.m., and it includes lunch. Key topics will include FERC’s December order on state-subsidized power, Nexus Transmission Pipeline opportunities for manufacturers, and natural gas and electricity forecasts. 3/5/2020

Investigating Ohio’s Nuclear Subsidy Saga

March 6, 2020

The Energy News Network and the Ohio Center for Investigative Journalism have published a story that maps the “dark money” network that supported House Bill 6, the nuclear bailout law. The disclosure filings show FirstEnergy’s generation subsidiary paid nearly $2 million to Generation Now, “one of the special interest groups that orchestrated ads, political donations and other efforts.” But the story also notes that legal loopholes make it harder to find out the total spent and who else was behind the campaign. 3/6/2020