Speaking Energy

Singapore’s Energy Market Authority (EMA) published the Energy 2050 Committee Report (the “Report”) on 22nd March. The committee (consisting of experts from both the public and private sectors (the “Committee”) concluded that it is feasible for Singapore’s power sector to achieve net-zero emissions by 2050. The content of the Report appears to indicate that hydrogen is set to play a key role in Singapore’s efforts of more broadly achieving net-zero by the government’s current target of “by or around mid-century,” as announced by the Minister for Finance, Mr Lawrence Wong, during his 2022 Budget speech in February¹. The release of the Report is timely given that Singapore is set to formally revise its Long-Term Low-Emissions Development Strategy (LEDS) later this year—the Report may serve as a precursor to the government formally setting its net-zero target at 2050.

The board of managers of PJM Interconnection, L.L.C. (PJM) has directed PJM to prepare a proposal for filing with the Federal Energy Regulatory Commission (FERC) that will substantially reform the Minimum Offer Price Rule (MOPR) in PJM’s capacity market. After considering nine reform proposals in the PJM stakeholder process, the board has selected for filing the proposal put forth by PJM, which received the highest sector-weighted vote from PJM members. PJM has expressed a desire to have the reformed market rule in place for the next Base Residual Auction, which is scheduled for December 2021.

In a unanimous decision issued this week, the U.S. Court of Appeals for the 10th Circuit sided with rooftop solar owners in a dispute over the jurisdictional scheme established by the Public Utility Regulatory Act (PURPA). The decision revives the solar group’s federal suit, which challenges monthly fees imposed on customers with rooftop solar by a municipal utility in New Mexico.