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The Federal Energy Regulatory Commission will accept comments until Feb. 19 on price formation in RTO and ISO energy and ancillary services markets. “With proper price formation, the RTO/ISO would ideally not need to commit any additional resources beyond those resources scheduled economically through the market processes, and load would...
By Suzanne Herel The Federal Energy Regulatory Commission on Friday granted PJM’s request to increase the cost-based energy offer cap to $1,800/MWh through March. “We find that PJM has demonstrated that the current offer cap of $1,000/MWh in PJM is unjust and unreasonable for the winter months,” FERC said in...
The Market Implementation Committee will review modeling practices that PJM said may be shortchanging loads with transmission agreements that pre-date the RTO’s capacity market. The MIC last week approved an issue charge proposed by Stu Bresler, vice president of market operations. Bresler said the issue arose last year after a...
By Chris O’Malley and Rich Heidorn Jr. (Click to zoom) If you want to know why many think that demand response hasn’t fulfilled its potential in MISO, talk to Brian Helms. Helms, the director of energy services at new MISO member Century Aluminum, said that when he attended a MISO...
The following items were approved by members Thursday with little discussion or opposition: Markets and Reliability Committee Interchange Limits Approved The MRC approved PJM’s proposal to limit interchange during emergency conditions by acclamation, with five objections. An MRC sector-weighted vote last month on the issue fell just short of a...
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...
PJM and NYISO last week successfully launched Coordinated Transaction Scheduling (CTS), an effort to reduce uneconomic interchange flows. “So far it’s going well,” PJM’s Stan Williams told the Market Implementation Committee last week. The new product allows traders to submit bids that clear only when the price difference between New...
The Markets and Reliability and Members committees approved the following Thursday with little discussion or opposition. Markets and Reliability Committee Manual Changes Revisions to Manual 11: Energy & Ancillary Services Market Operations and Manual 28: Operating Agreement Accounting that will set the default Tier 1 synchronized reserves estimates to zero...
The contentious $1,000/MWh energy offer cap is likely to be the subject of some of the most vigorous debate at Thursday’s Markets and Reliability and Members committees meetings. The MRC deadlocked over the issue Sept. 18 with none of three proposals to lift the cap winning a two-thirds majority. (See...
By William Opalka If you want to see the value of dual-fuel capability, look no further than New York, where 47% of the generation can run on oil or natural gas. That flexibility helped NYISO meet its winter load — including a new winter peak of 25,738 MW — without...
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