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PJM has consistently had among the highest uplift rates among RTOs and ISOs, according to a Federal Energy Regulatory Commission report released last week. The FERC staff report found that PJM’s uplift ranked second among organized markets from 2009 to 2013, with charges increasing from about $0.50/MWh to more than $1/MWh...
Below is a summary of the issues scheduled to be brought to a vote at the Markets and Reliability and Members committees 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...
By Ted Caddell and Rich Heidorn Jr. Ohio electricity consumers paid FirstEnergy $6.9 billion to compensate the company for generation assets “stranded” when its monopoly over energy sales was eliminated in 1999. Now, FE is asking them to pay again to prop up nuclear and coal generating plants the company...
The D.C. Circuit Court of Appeals signaled Friday that it may take another look at the court’s order voiding the Federal Energy Regulatory Commission’s authority over demand response compensation. A three-judge panel of the D.C. Circuit ruled May 23 that FERC Order 745 violates state ratemaking authority. (See Court Throws...
By Ted Caddell No Sale to PSEG, NRG, Exelon Holtwood Hydroelectric Plant, one of two PPL hydro plants being offered in Talen Energy's divestiture plan options. PPL and Riverstone Holdings have offered to divest about 1,300 MW of generation from their 15,000-MW combined fleet to avoid market power concerns over...
PJM capacity prices would increase sharply but reliability would not be threatened if a recent federal court ruling eliminated demand response from wholesale markets, according to a new report by the Independent Market Monitor. Market Monitor Joe Bowring said the sensitivity analysis released last week is intended to help stakeholders...
HERSHEY, Pa. — As PJM’s chief operating officer, Audrey Zibelman helped design PJM’s Reliability Pricing Model. Now the chair of the New York Public Service Commission, Zibelman says she has a “different prism” for viewing capacity markets. Audrey Zibelman, NY PSC “Centralized procurement may not be good for everything we...
PJM will attempt to win stakeholder approval for limited changes to the compensation rules for black start units and a plan for selecting “backstop” resources for regions that fail to secure service through competitive solicitations. In February, stakeholders rejected two proposals that would have boosted payments to existing black start...
The California ISO won approval last week to expand its real-time energy imbalance market (EIM) beyond state borders, with PacifiCorp and NV Energy slated to become the first to join. With the Federal Energy Regulatory Commission’s approval of CAISO’s proposal (ER14-1386) and related PacifiCorp Tariff changes (ER14-1578), the expanded market...
The Federal Energy Regulatory Commission will convene workshops beginning this fall to consider rule changes regarding uplift, price caps and other issues affecting price formation in PJM and other RTOs and ISOs. The commission said its inquiry was prompted by comments made at recent technical conferences on capacity markets and...
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