By Suzanne Herel PJM should tighten rules on demand response and market power, the Independent Market Monitor said in its third-quarter State of the Market Report. The report, which included eight new recommendations, concluded that the RTO’s energy, capacity and regulation markets were competitive for the first nine months of...

By Rich Heidorn Jr. BALTIMORE — PJM Market Monitor Joe Bowring said last week that the RTO must include strong market-power protections in rules allowing generators to change their offers hourly. Bowring also told a meeting of the Organization of PJM States Inc. Advisory Committee that he is concerned that...

By Rich Heidorn Jr. ATLANTIC CITY, N.J. — PJM officials and the Independent Market Monitor are considering changes to the treatment of virtual transactions to reduce uplift and gaming opportunities and allow quicker solving of the day-ahead energy market. PJM Executive Vice President for Operations Mike Kormos and Market Monitor...

By Rich Heidorn Jr. ATLANTIC CITY, N.J. — To shake or not to shake the Money Tree? Joe Bowring © RTO Insider That was the question Independent Market Monitor Joe Bowring posed during his Year in Review presentation at PJM's Annual Meeting last week, setting off a lively debate with...

By Suzanne Herel and Rich Heidorn Jr. WILMINGTON, Del. — Calpine won stakeholder approval for an initiative that could give generators more flexibility in pricing following an unusually lengthy debate before the Markets and Reliability Committee Thursday. Dave Pratzon, representing Calpine, presented a problem statement and issue charge arguing that...

By Suzanne Herel WILMINGTON, Del. — PJM stakeholders last week approved tighter rules on generator lost opportunity costs but rejected a proposal to limit eligibility to the most flexible combustion units. The rules concern compensation for combustion turbines that are scheduled in the day-ahead energy market but not committed in...

WILMINGTON, Del. — The MRC endorsed the following Thursday: Manual 11: Energy & Ancillary Services Market Operations — Updates manual to include a method for screening of demand bids by load-serving entities, as approved by the Federal Energy Regulatory Commission in November (ER14-2976). Bids are limited to the LSE’s calculated zonal peak...

By Michael Brooks WILMINGTON, Del. — PJM members were asked last week to consider allowing generators to revise their offers hourly to reflect changes in gas prices. ISO-NE graphical description of self-dispatch unit using pricing flexibility. PJM is the only RTO in the U.S. that does not allow generators to...

By Rich Heidorn Jr. PJM’s markets were generally competitive in 2014, but last winter’s cold resulted in a 37% increase in LMPs and raised concerns about economic withholding, the Independent Market Monitor said in its annual State of the Market report, released Thursday. Market Monitor Joe Bowring said weather-related demand...

By Chris O’Malley The Federal Energy Regulatory Commission last week increased its pressure on PJM and MISO to resolve their longstanding boundary disputes, saying it was considering taking action “to improve the efficiency of operations” at the RTOs’ seam. Despite 12 years of joint meetings that have resolved some issues,...