Markets

RSS

By Robert Mullin Electricity customers in Los Angeles County will soon have the option to purchase their power from a new publicly run supplier that will obtain more of its energy from renewable resources. The county’s Board of Supervisors voted 5-0 on Tuesday to establish a community choice aggregator (CCA)...

VALLEY FORGE, Pa. — Power demand proved difficult for PJM operators to forecast in March as a snowstorm was followed by exceptionally warm weather, RTO staff told participants at last week’s Operating Committee meeting. “That was the story of March: a lot of up and down,” PJM’s Chris Pilong said.

TULSA, Okla. — SPP COO Carl Monroe told the Markets and Operations Policy Committee last week that allocating costs for existing transmission facilities would not be an issue should the Mountain West Transmission Group be successful in its quest for RTO membership. SPP COO Carl Monroe. | © RTO Insider...

VALLEY FORGE, Pa. — FERC did not act on PJM’s proposed changes to its shortage pricing, so revisions for how to handle transient shortages will go into effect May 11 as planned, Manager of Real-time Market Operations Lisa Morelli told the Market Implementation Committee on Thursday. (See “Order 825 Implementation...

MISO Independent Market Monitor David Patton on Thursday repeated his call for MISO, PJM and SPP to develop better procedures for transferring control of market-to-market constraints during high congestion. Patton | © RTO Insider “It would save all the RTOs a lot of money and improve efficiency,” Patton said at...

By Rory D. Sweeney VALLEY FORGE, Pa. — After years of dragging the issue forward, Vitol’s Joe Wadsworth was about to see PJM stakeholders vote on schedule changes to accommodate spot-in sales between the RTO and NYISO. But the scheduled vote at Wednesday’s Market Implementation Committee meeting was delayed after...

By Michael Kuser Alberta-based Maxim Power announced it has closed a deal to sell its U.S. subsidiary and its five generation plants, concluding a two-year effort to stave off threats to the company’s survival. Hull Street Energy, through its newly formed affiliate Milepost Power Holdings, paid $106 million for Maxim’s...

By Michael Kuser New England states will not have enough renewable resources to meet the 2025 and 2030 targets in current renewable portfolio standards without adding transmission for new onshore wind, according to a scenario analysis conducted for the New England States Committee on Electricity. NESCOE’s Renewable and Clean Energy...

By Michael Kuser RENSSELAER, N.Y. — NYISO updated stakeholders last week on its response to concerns over capacity exports, providing a status report on modeling revisions and recommending stakeholders consider broad policy changes as part of the ISO’s 2018 Project Prioritization Process. The ISO is attempting to insulate consumers from...

By Michael Brooks Record warmth, combined with one of the largest increases in pipeline capacity in U.S. history, led to record-low gas prices last year, FERC said in its annual State of the Markets Report, released Thursday. The 2015-2016 winter was the warmest on record for the continental U.S., with...