Our new UCS report, Used but How Useful, How Electric Utilities Exploit Loopholes, Forcing Customers to Bail Out Uneconomic Coal-Fired Power Plants, found that utilities across 15 states in the heart of the U.S. exploited power market loopholes, costing customers $350 million in 2018. Read more >
November 20, 2019 10:47 AM EDT
On November 19th I had the privilege to sit on a panel of industry luminaries discussing an issue I’ve been researching for some time: Coal-fired power plants that operate uneconomically in wholesale markets.
Wholesale power markets all have rules in place that are designed to prevent power plants from running uneconomically. However, some power plant operators use those same market rules to bypass the market decision-making process through a process known as “self-committing.” Self-committing coal-fired power plants allow those plants to operate out of “merit-order” (from least cost to highest cost) and can result in serious market distortion and inflated consumer costs. Read more >