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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...

CARMEL, Ind. — Capacity prices last month cleared at just $1.50/MW-day across MISO because of increased supply and low demand, John Harmon, MISO senior manager of capacity market administration, said during a post-mortem of the RTO’s April capacity auction. (See All Zones at $1.50/MW-day in 5th MISO Capacity Auction.) [caption...

By Amanda Durish Cook CARMEL, Ind. — MISO is testing the waters for creating a multiday energy market that would keep generators with long start-up times switched on for more than one day. The effort has strong backing from stakeholders, who last year assigned the introduction of multiday financial commitments...

By Amanda Durish Cook CARMEL, Ind. — Customers of the Southwestern Power Administration (SWPA) asked MISO on Wednesday to change how it accredits their hydropower allocations from the federal power marketing administration, saying current rules are shortchanging them and denying the RTO full use of the resources’ seasonal peaking capacity.

By Robert Mullin CAISO’s wholesale costs to serve load last year fell by 9% to $7.4 billion, the lowest nominal expense since 2008, according to an annual market performance report from the ISO’s internal Monitor. The Department of Market Monitoring also used the report to signal its growing support for...

By Rich Heidorn Jr. WASHINGTON — ISO-NE presented its proposal for a two-tiered capacity auction at last week’s FERC technical conference, saying it would incorporate state-mandated renewable generation while preventing oversupply and addressing objections to a regional carbon tax. The RTO released a 33-page description of the Competitive Auctions with...

By Rich Heidorn Jr. WASHINGTON — More than 50 stakeholders from PJM, NYISO and ISO-NE made their cases to FERC last week on how to resolve the increasing conflicts between state energy policies and wholesale markets. Many of those who testified also had appeared at the commission’s September 2013 technical...

By Michael Kuser and Rich Heidorn Jr. WASHINGTON — If the economists who testified at FERC’s technical conference last week agreed on nothing else, it is that a carbon adder is the simplest way for the power markets to value emission-free generation. New York is going to try and translate...

VALLEY FORGE, Pa. — PJM’s proposed problem statement and issue charge on whether states can control energy-efficiency participation in the capacity market drew heated debate on two issues — one expected and the other not — at last week’s Market Implementation Committee meeting. Because of the ongoing debate, a vote on...

By Rich Heidorn Jr. WASHINGTON — The minimum offer price rule came up frequently at last week’s FERC technical conference exploring tensions between state clean energy policies and RTO/ISO markets in the East, with some witnesses calling for its expansion and others seeking its relaxation or abolition. Erwin | ©...