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By Rory D. Sweeney and Rich Heidorn Jr. The grand bargain that created PJM’s capacity market in 2007 has suffered fissures in the years since because of repeated rule changes. Now, a coalition of cooperatives and municipal utilities says it’s time to start over. At this week’s Markets and Reliability...

By Rory D. Sweeney Stakeholders continue to react coolly to PJM’s proposed rules for generator fuel-cost policies, spending two and a half hours expressing their concerns at last week’s Market Implementation Committee meeting. PJM has held three meetings in the past three weeks to explain the policy to stakeholders, several...

By Suzanne Herel PJM’s wholesale energy, capacity and regulation markets were competitive for the first half of the year, but there is room for improvement, according to the second quarter State of the Market Report by Monitoring Analytics. The Independent Market Monitor made new recommendations for the energy, capacity and...

Excess capacity expected to be released in the third incremental auction for the 2017/18 delivery year in February would likely clear at $0 under current rules, PJM’s Jeff Bastian told the Market Implementation Committee Wednesday. To avoid that, PJM presented a proposal that would release excess capacity on an upward...

ERCOT will rely on its stakeholders to improve its reliability-must-run (RMR) practices after a second rejection last week of a protocol change that would allow the economic dispatch of RMR units. The ISO’s Board of Directors on Aug. 9 rejected NRG Texas and Reliant Energy Retail Services’ appeal of a...

By William Opalka Following a directive from a federal appeals court, FERC ordered ISO-NE to provide more information proving that the 2013-14 winter reliability program resulted in just and reasonable rates (ER13-2266). “ISO-NE should request from program participants information that will enable ISO-NE’s [Internal Market Monitor] to evaluate the competitiveness...

By Tom Kleckner ERCOT has broken the 70,000-MW barrier for the first time, setting six new systemwide hourly peak demand records this week. The Texas grid operator registered its latest record peaks Thursday when system load reached 71,197 MW between 4 and 5 p.m., after having climbed to 71,043 MW between...

By Amanda Durish Cook CARMEL, Ind. — After a missed July filing target and subsequent weeks of hints, MISO on Monday confirmed that it was postponing its forward capacity auction proposal until the 2018/19 planning year. Richard Doying, MISO executive vice president of operations and corporate services, told the Markets...

By Robert Mullin CAISO last week began work on a plan to extend participation in the western Energy Imbalance Market to resources located outside the market’s footprint. Rothleder The move comes a month after FERC rejected CAISO’s proposal to indefinitely prohibit EIM participants from implementing economic bidding at the market’s...

The Organization of PJM States Inc. has adopted a resolution urging the PJM Board of Managers to instruct staff to develop market rules “which optimize the participation and value of demand response” in the wholesale markets. The resolution, sent to CEO Andy Ott on July 29, notes that 10,348 MW...