ERCOT CEO Bill Magness last week told the Board of Directors that the grid operator finished 2019 with a net positive variance of $35.4 million, boosting the pool of funds to implement real-time co-optimization (RTC). ERCOT CEO Bill Magness | ERCOT Magness said during the board’s Feb. 11 meeting that...

ERCOT stakeholders last week endorsed a final batch of key principles (KPs) that will guide the Texas grid operator’s implementation of real-time co-optimization into its energy market. "We’re in a transition period today," ERCOT’s Matt Mereness told the Technical Advisory Committee during its meeting Wednesday. "We have to button up...

ISO-NE’s External Market Monitor last week presented the New England Power Pool Markets Committee a conceptual design for mitigating market power in the RTO’s day-ahead ancillary services market. Monitor David Patton led off with a memo describing the advantages of the conduct-impact approach, a two-step process that uses reference levels...

Markets and Reliability Committee Soak Time Rule Change Deferred Until May The PJM Markets and Reliability Committee agreed to defer a vote on a proposed rule change that would implement "soak time" modeling of resources until May. Soak time refers to the minimum period a unit must run from the...

By Michael Kuser RENSSELAER, N.Y. — NYISO kicked off an effort Monday to develop a model for allowing large front-of-the-meter energy storage resources paired with generation to participate in its markets. The Hybrid Storage Model project will evaluate the possibility of enabling co-located storage resources to receive a single dispatch...

AUSTIN, Texas — ERCOT staff last week told the Technical Advisory Committee that they will be reviewing and improving their market pricing processes as they bring price-correction issues to the Board of Directors in December. ERCOT will be asking the board for permission to correct real-time and day-ahead prices for...

In a two-day meeting last week, the New England Power Pool Markets Committee continued work on ISO-NE’s proposed Energy Security Improvements (ESI) proposal, with discussions on LNG supplies, market mitigation and a second demand curve. The RTO has five months to file a long-term fuel security mechanism under FERC’s second...

AUSTIN, Texas — An attempt by ERCOT legal staff last week to alert stakeholders that qualified scheduling entities (QSEs) will soon be required to submit certificates for the resale of electricity resulted in a bit of a kerfuffle. Stakeholders pushed back against the proposal during the Technical Advisory Committee meeting...

The New England Power Pool Markets Committee on Wednesday continued discussing ISO-NE’s Energy Security Improvements (ESI) proposal, with a focus on the plan’s treatment of day-ahead ancillary services. One document up for discussion was a memo from ISO-NE COO Vamsi Chadalavada on the RTO’s draft 2020 Work Plan to file...

By Tom Kleckner AUSTIN, Texas — Normally, Texas’ electricity industry points to ERCOT’s energy-only — and deregulated — market as a model for the rest of the country to follow. Last week, however, ERCOT staffers and stakeholders gathered to hear advice from the RTOs that have already implemented real-time co-optimization...