By Michael Brooks WASHINGTON — The Market Monitors for CAISO and PJM told a House subcommittee Wednesday that their respective financial transmission rights markets are significantly flawed and need fixing, although they stopped short of asking for congressional action. Appearing before the House Energy Subcommittee, Eric Hildebrandt, director of CAISO’s...

By Rory D. Sweeney PHILADELPHIA, Pa. — “We don’t know the right answer,” PJM Senior Market Strategist Andrew Levitt said last week. “We think the right answer is going to emerge.” Levitt was speaking on a panel about distributed energy resource integration in PJM, but the comment could have applied...

By Michael Kuser, Tom Kleckner, Rory D. Sweeney, Amanda Durish Cook RTO officials and their Market Monitors on Monday unilaterally rejected Energy Secretary Rick Perry’s proposal to provide price supports to coal and nuclear plants, calling it expensive, inefficient and counterproductive. The ISO/RTO Council (IRC) led the opposition, with CAISO,...

By Rich Heidorn Jr. Consumer advocates on Thursday urged Congress to pressure FERC to improve the RTO stakeholder process and reject Energy Secretary Rick Perry’s directive to rescue at-risk coal and nuclear generation in competitive markets. The House Energy and Commerce Committee hearing was called to consider consumers’ ability to...

By Rory D. Sweeney PJM’s proposal to create standardized contracts for establishing dynamic transfers with other balancing authority areas has provoked opposition from market participants, a neighboring ISO and the Independent Market Monitors for both PJM and MISO. Critics of the proposed pro forma agreements for pseudo-tied resources filed protests...

WILMINGTON, Del. — PJM and its Independent Market Monitor remain at odds over whether price-based offer updates should be connected to cost-based offers and specified in each unit’s fuel-cost policy. Morelli | © RTO Insider At last week’s Markets and Reliability Committee meeting, PJM’s Lisa Morelli outlined the RTO’s planned...

VALLEY FORGE, Pa. — PJM’s Lisa Morelli presented the Market Implementation Committee last week with revisions to the RTO’s proposal for handling intraday hourly offers in the energy market, delaying a scheduled vote on the plan. Morelli | © RTO Insider The changes made to Manual 11: Energy & Ancillary...

By Rory D. Sweeney PJM’s Independent Market Monitor said last week that it has rejected fuel-cost policies for 11% of generating units for the review period ending May 15. The Monitor said 22 of the 479 power supplier fuel-cost policies it evaluated — less than 5% of the policies, but...

By Rory D. Sweeney While PJM and its Independent Market Monitor agree that its markets “work” and are competitive, they disagree on what might make them better. Those differences were highlighted last week when the Monitor released its first quarterly State of the Market report of the year, followed by...

By Rory D. Sweeney WASHINGTON — If anyone thought FERC dragging state and RTO stakeholders here for a technical conference might jolt everyone on the PJM playground into playing nice with each other, Robert Erwin of the Maryland Public Service Commission quickly disabused the standing-room-only crowd of that notion. Erwin...