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The New England Power Pool Markets Committee last week continued to discuss impact assessments of ISO-NE’s proposed energy security improvements (ESI). Analysis Group’s Todd Schatzki gave a presentation on additional preliminary results of a study on the risk premium on day-ahead energy option offers, as well as on two scenarios...
ERCOT stakeholders last week endorsed the first batch of key principles that will lay the foundation for implementation of real-time co-optimization (RTC) in the market. The Technical Advisory Committee on Wednesday readily endorsed five principles brought forward by the Real-Time Co-optimization Task Force (RTCTF). The principles still must be approved...
ERCOT staff and stakeholders are preparing to bring a first set of real-time co-optimization (RTC) policy principles to the Technical Advisory Committee in a key test of their efforts to improve the Texas grid operator’s market design. The Real-Time Co-Optimization Task Force, which is responsible for developing the RTC principles...
By Tom Kleckner Real-time co-optimization (RTC) in ERCOT took another step toward become reality last week following a discussion between Texas regulators and grid operator staff. Kenan Ögelman, ERCOT’s vice president of commercial operations, told the Public Utility Commission on Thursday that he has his marching orders, thanks to a...
By Rich Heidorn Jr. FERC on Thursday rejected a PJM proposal to reduce load-serving entities' savings from price-responsive demand (PRD) programs (ER19-1012). PJM had proposed changing the calculation of the "nominal PRD value," used for determining the PRD credit, from the reduction in load during the RTO’s annual peak to...
By Tom Kleckner and Hudson Sangree SPP has raised the stakes in what could shape up to be a long-term competition to win over the Western electricity market one service at a time. The RTO announced Monday it will launch its Western Energy Imbalance Service (WEIS) market in December 2020,...
By Amanda Durish Cook MISO’s Steering Committee last week routed eight new market improvement proposals to stakeholders for debate and prioritization by voting. During a Wednesday conference call, the Steering Committee said eight of the 11 ideas submitted met the criteria to be considered in the Integrated Roadmap list of...
By Rich Heidorn Jr. PJM utilities and independent power producers joined wind, solar and nuclear generators in support of the RTO’s controversial price formation proposal, with some commenters urging it to go further and one saying the plan should be an "off ramp" from the capacity market (ER19-1486, EL19-58). But...
FERC last week ordered settlement judge procedures for four challenges regarding Emera Maine’s proposed transmission rate, summarily deciding on four other challenges and ordering the utility to make a compliance filing within 30 days (ER15-1429). Emera Maine Service Area | Emera Maine The commission’s April 30 order accepted in part...
ERCOT staff and stakeholders began the long process of implementing real-time co-optimization (RTC) last week with the first meeting of the Real-Time Co-Optimization Task Force. The group spent its Thursday meeting reviewing ERCOT’s current market design and the changes that RTC will necessitate. ERCOT Compliance Director Matt Mereness, the task...
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