Andrew Levitt

Regional grid operations and wholesale markets

[Andrew Levitt @AndrewLevitt7]

@SlBrandin FWIW, at last check, PJM Reg prices are still pretty high, even after the death of RegD. I would think they'll be headed higher.

[Andrew Levitt @AndrewLevitt7]

@aniruddh_mohan PJM says 6.8 GW short --> 0 hours of load shed on a typical year, or even a 75th percentile weather year. Expected 1 load shed event in 3yrs. That's ignoring energy-only MW and most intertie value and voltage reduction and voluntary reduction etc. https://t.co/zAXLMwRfge

[Stefan Schubert @StefanFSchubert]

The big tech/AI companies have less extreme price-earnings ratios than key stocks had in historical bubbles.

[Andrew Levitt @AndrewLevitt7]

@xiaowang1984 Plausible. Different investment and ops incentives too (but, that can run both ways).

[Andrew Levitt @AndrewLevitt7]

@KevinTNelson I'm not sure five minutes of LMP gives much of a datapoint. New buildings in the south of PJM are already electric heat, because it's already cheaper. It's going to be Tx and Dx that limits retrofit electrification, and that's a long way off, and won't really show up in LMP.

[Jeff Dennis @EnergyLawJeff]

Next week, @FERC will address several long-running dockets on co-location of generation with large loads in PJM. FERC doesn't appear to be acting on DOE's ANOPR proposal on this subject yet, but what it does here will have obvious implications for that. 1/

[Andrew Levitt @AndrewLevitt7]

@aluffman42 @xiaowang1984 Neither, it’s mainly about maintaining local dynamic stability from a big spinning machine, also to some extent inertia for frequency stability.

[Andrew Levitt @AndrewLevitt7]

@xiaowang1984 I see. Yes, it takes some preparation and investment, not a good idea just to ignore the stability hawks. I bet they could do it by 2027 though.

[Andrew Levitt @AndrewLevitt7]

@JesseJenkins @TKavulla @pjminterconnect @FERC @CamusEnergy @encoord @Princeton Hence Travis's point that BYOC rules are in the cards--the price cap is already pushing the bounds of political acceptance. Price shocks and supply chain response are a bear, this one will take some time to work through. The wealth xfer w/ conventional market approach is large.

[Andrew Levitt @AndrewLevitt7]

@TKavulla Should resource adequacy value from low-runtime flexibility be available to all customers, or limited to a certain class? If it were widely available, would customers flock to it and drive down value (or drive up required runtime)? If limited, any discrimination concerns?

[Andrew Levitt @AndrewLevitt7]

@PhillyH2O do I have to boil water following 6th and Bainbridge water main break? I live a block away. @qvnaorg @southstreetphl

[Andrew Levitt @AndrewLevitt7]

@CMMarkSquilla Good morning councilman—will the city pick up residential trash today that had been scheduled for yesterday? If not, should we take it inside ahead of curfew tonight?

[Zoe Whittall @zoewhittall]

A thing I wish I knew about Thoreau as a teenager was that his mother brought him sandwiches and Walden Pond was on her property. I think I might have made some different life choices had I understood that.

[Andrew Levitt @AndrewLevitt7]

@DrewSmithee Low for wind. High for solar.

[Andrew Levitt @AndrewLevitt7]

@JesseJenkins @drvox Also not radical in utility-scale industry-land. Constant curtailment is why wind and solar will be excellent providers of reserves and frequency response, etc., and it’s one reason why it’s a good idea that these plants are mostly set up as dispatchable units in PJM even today.

[Andrew Levitt @AndrewLevitt7]

@JesseJenkins It’s almost like shortages and shortage pricing play an infrequent but crucial role in the economics of a high fixed-cost, low marginal cost industry. Good thing energy isn’t like that!

[Andrew Levitt @AndrewLevitt7]

@AriPeskoe @MorrisonNRECA @rlgifford Maybe we could call it a “pricing model for reliability”.

[Andrew Levitt @AndrewLevitt7]

@AriPeskoe @Edison_Electric Duquesne is private equity I think.