Articles Tagged with ''minimum offer price rule (MOPR)''

By Rich Heidorn Jr. The results of ISO-NE’s Forward Capacity Auction 13 became effective "by operation of law" Sept. 24 because FERC was unable to muster a quorum following the departure of Commissioner Cheryl LaFleur and the recusal of Commissioner Richard Glick. The commission issued a notice on the action...

By Christen Smith As PJM stakeholders anxiously await FERC’s ruling on expanding the minimum offer price rule (MOPR), a new analysis says the policy could increase capacity market prices $5.7 billion annually. The estimated 60% spike would add $6 to the typical ratepayer’s monthly bill, with consumers in Virginia and...

By Rich Heidorn Jr. FERC may be unable to issue its highly anticipated order on PJM’s capacity market rules before December, further complicating matters for the RTO and market participants. On Thursday, Commissioner Richard Glick disclosed that he would have to recuse himself from any matters involving his former employer,...

VALLEY FORGE, Pa. — PJM staff told the Market Implementation Committee on Wednesday that they will not file waivers for upcoming capacity auction deadlines and will instead rely on FERC to issue an order on its minimum price offer rule (MOPR) before the end of the year. Pat Bruno, PJM...

By Christen Smith PJM’s wholesale power markets remain "under attack" from those concerned about the retirements of legacy generators unable to profit in the face of ever-decreasing energy prices, the Independent Market Monitor said Thursday. In its quarterly State of the Market report released last week, the Monitor — in...

By Christen Smith Exelon leadership told investors last week Illinois’ transition toward 100% carbon-free power can’t succeed without PJM market reforms to keep the company’s nuclear plants running. Chris Crane, Exelon | © RTO Insider "The bottom line is fundamental market reforms are needed in the United States if we...

By Christen Smith FERC halted PJM’s plan to run its capacity auction next month in a surprise order issued Thursday, just hours after the Markets and Reliability Committee reaffirmed the RTO’s decision to move forward as planned. The commission refused to "rule prematurely" on PJM’s request for clarification that if...

FERC Chairman Neil Chatterjee on Thursday named veteran commission attorney Maria Farinella as chief of staff to replace Anthony Pugliese. FERC attorney Maria Farinella receives applause after being announced as the commission's chief of staff. | FERC "Maria’s longstanding career as an energy attorney, both at FERC for the past...

By Christen Smith VALLEY FORGE, Pa. — PJM will move forward with its August capacity auction under current market rules, unless FERC says otherwise, CEO Andy Ott told stakeholders Wednesday. Ott said the PJM Board of Managers settled on that course after determining the RTO’s minimum offer price rule (MOPR)...

By Christen Smith Wilmington, Del. — PJM on Thursday offered stakeholders four options for navigating its upcoming capacity auction, noting that each comes with risks and uncertainties. Stu Bresler, PJM | © RTO Insider "We are in a bit of quandary," said Stu Bresler, PJM’s vice president of operations and...