FERC has opened three investigations into questionable activity from last winter but has not found evidence that “widespread or sustained market manipulation” contributed to high natural gas and power prices.
PJM officials said they are optimistic that demand response will continue its role in capacity and energy markets although only 30% of current DR will be immediately eligible under the RTO’s proposed response to the EPSA decision.
Generators that planned to retire coal-fired units just ahead of the Environmental Protection Agency’s mercury rule extension deadline in April 2016 say they may have to accelerate retirements by a year to avoid incurring MISO capacity deficiency penalties.
Members agreed last week to consider cutting compensation for Tier 1 synchronized reserves, but PJM officials are likely to oppose a change they said could upset the balance of the RTO’s scarcity pricing scheme.
PJM will forgo $10.2 million in balancing operating reserve (BOR) charges resulting from transactions that two trading companies characterized as internal bilateral transactions (IBTs) under a settlement approved by the Federal Energy Regulatory Commission.
Duke Energy and Exelon should be among the companies barred from acquiring any generation divested by PPL as part of its spinoff plan, the Independent Market Monitor told the Federal Energy Regulatory Commission.
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