By Rory D. Sweeney One year later, the future of PJM’s markets remains as unsettled as ever. The RTO entered 2017 preoccupied with its capacity construct and how to address the impact of state-subsidized generation. It ended the year without an agreement on capacity rule changes and facing a new...

By Rory D. Sweeney WILMINGTON, Del. — PJM’s long-awaited capacity construct redesign will have to wait at least another month for endorsement by a key stakeholder committee, and its path to implementation includes additional hurdles after that. Stakeholders at last week’s Markets and Reliability Committee meeting voted to defer an...

By Rory D. Sweeney VALLEY FORGE, Pa. — PJM’s Independent Market Monitor faced a barrage of questions last week at the final stakeholder evaluation of its capacity market proposal ahead of a vote at Thursday’s Markets and Reliability Committee meeting. Bowring | © RTO Insider Monitor Joe Bowring was absent...

By Amanda Durish Cook CARMEL, Ind. — MISO will pre-emptively refile its current resource adequacy construct for FERC approval Friday in an effort to dispel concerns that a future ruling could undo parts of the plan the commission itself had previously suggested. MISO’s concerns stem from a July D.C. Circuit...

Questions Remain as PJM Continues Push for Price Formation Revisions PHILADELPHIA — Stakeholders hoping to influence PJM’s plans for revising its price formation methodology had better move quickly. RTO staff unveiled their problem statement and issue charge on the topic at last week’s Markets and Reliability Committee meeting and hope...

By Rich Heidorn Jr. and Rory D. Sweeney FERC last week again rejected PJM’s 2012 compromise on the minimum offer price rule (MOPR), saying that eliminating unit-specific exemptions and subjecting generators to the offer floor for three years is unreasonable (ER13-535-004). The commission originally rejected PJM’s proposal in 2013, saying...

By Rory D. Sweeney VALLEY FORGE, Pa. — The results are in, but will they make a difference? At its final scheduled meeting, PJM’s Capacity Construct/Public Policy Senior Task Force (CCPPSTF) last week reviewed the results of a vote on proposals to re-envision the RTO’s capacity market structure. With 63%...

By Rory D. Sweeney An appellate court ruling remanding back to FERC its 2013 order on PJM’s minimum offer price rule (MOPR) has created disagreement among stakeholders about how to move forward. PJM requested in October that FERC approve its initial 2012 filing on the issue (ER13-535). The RTO had...

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 Rich Heidorn Jr. WASHINGTON — Arnie Quinn, director of FERC’s Office of Energy Policy and Innovation, had modest hopes for reaching consensus when he moderated a panel on public policy and wholesale markets at the Energy Bar Association’s Mid-Year Energy Forum last week. Quinn | © RTO Insider The...