By Rory D. Sweeney, Amanda Durish Cook and Rich Heidorn Jr. The first round of filings in FERC’s  “paper hearing” on revisions to the PJM capacity market showed wide disagreement over the best way to address the impact of out-of-market subsidies on clearing prices. Much of the debate in the...

By Rory D. Sweeney Illinois regulators last week suggested PJM consider ending its capacity market if it continues supporting policies that the state believes discount its generation preferences. [Editor’s Note: An earlier version of this story incorrectly stated that regulators had threatened to leave the RTO.] The Illinois Commerce Commission convened...

By Rory D. Sweeney A coalition consisting of environmental advocates, zero-emissions generators and Illinois' consumer advocate has developed a set of principles they say will "protect the cost-effective achievement of state policy goals to the extent possible" under FERC's ordered redesign of PJM's capacity market. While the document doesn't address...

By Rich Heidorn Jr. WASHINGTON — Public power representatives reiterated their case against mandatory capacity markets last week, teaming with wind and solar advocates for a one-day conference as a forum for their criticism. Sue | © RTO Insider “After spending or committing over $130 billion … in capacity payments...

By Rory D. Sweeney VALLEY FORGE, Pa. — If FERC hoped to receive a consensus proposal from PJM stakeholders on how to revise the RTO’s capacity market, it may be disappointed. PJM staff unveiled a new proposal at a special session of the Markets and Reliability Committee on Wednesday and...

PJM last week asked FERC to delay next year’s Base Residual Auction to Aug. 14 to provide the RTO more time to respond to the commission’s June 29 order requiring changes to capacity market rules. The commission ordered PJM to expand its minimum offer price rule (MOPR), which now covers...

By Rory D. Sweeney VALLEY FORGE, Pa. — FERC wants PJM’s capacity rules to be resolved by Jan. 4 and has dispatched staff to help the RTO and its stakeholders adhere to that timeline. Three FERC representatives attended Thursday’s special session of the Markets and Reliability Committee on responding to...

By Michael Kuser The D.C. Circuit Court of Appeals on Tuesday denied a petition by NextEra Energy and other industry players to review FERC orders allowing ISO-NE to exempt a limited volume of state-sponsored renewable resources from its capacity market’s minimum offer price rule. A three-judge panel concluded that the...

By Michael Kuser and Rich Heidorn Jr. High uplift costs, market power and the capacity market highlighted the External Market Monitor’s concerns in the 2017 State of the Market report for ISO-NE. Monitor David Patton of Potomac Economics briefed stakeholders on the report at the annual summer meeting of the...

By Rich Heidorn Jr. Rising state subsidies for renewable and nuclear power require PJM to revamp its minimum offer price rule (MOPR) to address price suppression in its capacity market, FERC ruled Friday. The commission ruled 3-2 that the rule, which now covers only new gas-fired units, must be expanded...