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Home » Topics » RTO Insider » Markets

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PJM: Reject DR, EE in Transition Auctions

Jul 20, 2015
Rich Heidorn Jr.
By Rich Heidorn Jr. PJM told federal regulators last week they should reject requests to incorporate demand response and energy efficiency in upcoming transition auctions for the RTO’s new Capacity Performance regime. But the RTO also offered two alternatives for including DR and EE in the auctions, saying the “less...
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pjm

PJM Markets and Reliability Commitee Preview

Jul 20, 2015
Below is a summary of the issues scheduled to be brought to a vote at the Markets and Reliability Committee on Thursday. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage in RTO Insider.
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Plant Owner Responsible for Uncorrected ISO-NE Error, FERC Says

Jul 20, 2015
By William Opalka The Federal Energy Regulatory Commission ruled Thursday that a power plant owner must pay unnecessary capacity charges because it failed to correct ISO-NE records before a deadline set by the RTO’s Tariff (EL15-57). GenOn Energy Management, a unit of NRG Energy, asked FERC in April to excuse...
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PJM Members: Capacity Performance Penalties May Hurt Dispatch Discipline

Jul 13, 2015
Rich Heidorn Jr.
By Rich Heidorn Jr. Members warned PJM officials last week that the way the RTO plans to calculate Capacity Performance could lead generators to ignore dispatch instructions to avoid penalties. PJM expects generators’ output to match their Capacity Performance obligations even at the beginning of a no-notice emergency, leaving no...
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SPP Fundamentals Largely Unchanged

Jul 13, 2015
Tom Kleckner
By Tom Kleckner SPP will soon file a full report on the Integrated Marketplace’s first year of performance, but its most recent quarterly State of the Market report indicates the market expansion hasn’t affected the fundamental dynamics in the region. Electric prices are continuing to track natural gas prices, and...
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FERC Orders $15 Million Penalty in PJM Market Manipulation Case

Jul 13, 2015
Rich Heidorn Jr.
By Rich Heidorn Jr. Federal regulators ordered a Florida energy trader to pay $15 million in penalties and repay almost $1.3 million in profits for making riskless up-to-congestion trades in PJM to cash in on line-loss rebates. The Federal Energy Regulatory Commission imposed the penalty July 2 against City Power...
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ISO-NE, NEPOOL Oppose Demand Curve Change

Jul 13, 2015
By William Opalka The New England Power Pool Participants Committee urged federal regulators last week not to short circuit its stakeholder process in ordering zonal sloped demand curves for the next Forward Capacity Auction. NEPOOL joined ISO-NE in asking the Federal Energy Regulatory Commission to reject a request by generators...
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PJM MIC Briefs

Non-Event Tier 1 Credit to Continue, Obligation Added
Jul 13, 2015
VALLEY FORGE, Pa. — Tier 1 synchronized reserve resources would be obligated to respond in emergencies and subject to penalties if they couldn’t, under a PJM-backed proposal approved Wednesday by the Market Implementation Committee. The proposal retains Tier 1’s ability to receive compensation outside of synch reserve events whenever the...
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pjm

Regulators, Generators, IMM Seek Changes to PJM Capacity Performance Order

Jul 10, 2015
Rich Heidorn Jr.
By Rich Heidorn Jr. State regulators, consumer advocates, generators and the Independent Market Monitor have asked the Federal Energy Regulatory Commission to modify its June 9 order largely approving PJM’s Capacity Performance plan. Most of the rehearing requests were filed Thursday, along with PJM’s submission of a 556-page compliance filing...
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Dynegy: No Evidence of Misconduct in Auction

State Officials Join Calls for FERC Probe
Jul 3, 2015
By Chris O’Malley MISO and its Market Monitor have joined Dynegy in denying allegations of improper conduct in the RTO’s Planning Resource Auction last April, which resulted in a nine-fold price increase in Zone 4. The filings with the Federal Energy Regulatory Commission were in response to complaints in May...
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