Markets

RSS

By Rory D. Sweeney PJM is trying to usurp the Independent Market Monitor’s authority to regulate fuel-cost policies and consequently increasing market participants’ ability to exercise market power, the Monitor argued in a protest Friday (ER16-372). PJM’s proposed plan for evaluating fuel-cost policies, filed Aug. 16, “would substantively change the...

ST. PAUL, Minn. — Independent Market Monitor David Patton said that although MISO markets and operations performed well over a warmer-than-usual summer, there is room for improvement, namely in price-setting protocols. Patton © RTO Insider Patton said MISO’s all-in energy price increased 9% from spring to summer, owing to increased...

SARATOGA SPRINGS, N.Y. — Gavin Donohue, CEO of the Independent Power Producers of New York, opened the group’s fall meeting last week by declaring as its top priority NYISO’s reset of the installed capacity demand curve. Donohue noted the ISO’s prediction that New York’s Clean Energy Standard will significantly increase...

By Rich Heidorn Jr. SARATOGA SPRINGS, N.Y. — A forward capacity market may have worked for PJM and ISO-NE, but it isn’t the solution for NYISO, the Market Monitor told the Independent Power Producers of New York’s fall conference last week. PJM and ISO-NE officials told an audience of about...

By Suzanne Herel and Rich Heidorn Jr. PJM must develop a new method for allocating auction revenue rights that doesn’t consider extinct generators, FERC ruled last week. The commission said PJM had correctly diagnosed that its existing rules for ARRs and financial transmission rights were no longer just and reasonable...

By Robert Mullin SACRAMENTO, Calif. — While regionalization occupied center stage during the first day of CAISO’s annual Stakeholder Symposium, the second day’s panels took on an issue poised to be equally transformative for California’s electricity sector: the increased adoption of distributed energy resources. “To give you a sense of...

By Rich Heidorn Jr. WASHINGTON — A public interest group and Connecticut officials asked a federal appellate court Tuesday to force FERC to rule on the legality of ISO-NE’s eighth Forward Capacity Auction, saying the commission abdicated its responsibility by refusing to take action. In September 2014, the commission split...

By Amanda Durish Cook Wisconsin regulators began considering electric competition in 1994 but closed the docket in 2000, deciding not to implement retail choice. Now, with the state’s rates the highest in the Midwest, some big power users are calling for another look. Wisconsin’s large manufacturers are asking state regulators...

By Amanda Durish Cook MISO officials said last week they are still finalizing their forward auction proposal for competitive areas, but the changes won’t be significant and won’t affect a late fall FERC filing. Meanwhile, simulations including the new proposal suggested it could result in large price disparities. Bladen ©...

By Rich Heidorn Jr. PJM’s Independent Market Monitor last week gave his blessing to the RTO’s Base Residual Auction for delivery year 2019/20 but called for additional rule changes to build on the tougher standards of Capacity Performance. The Monitor’s report on the May auction concluded that the results “were...