PJM has proposed a major overhaul of how it procures power capacity in response to surging data centre demand that has driven auction prices up more than 1,000% in two years and threatens to add US$70 per month to average household electricity bills by 2028.
The decision to slash energy storage de-rating factors for the next capacity market auction in Poland will not be the death knell of the market, and may actually have some positives, project developers and IPPs said.
The capacity market is rapidly becoming “outdated” after the latest auction failed to secure capacity and value for new technologies like energy storage, which is now in “a state of flux” following changes to de-rating factors.
Energy efficiency solutions provider and energy storage developer Anesco is to partner with “technology-driven utility” Limejump to deliver 185MW of energy storage capability in the UK into August’s capacity market, with plans for the units to be brought online by the end of 2018.
