By Rory D. Sweeney When stakeholders begin considering potential changes to PJM’s demand curve next month, one of the main debates will likely center on whether combustion turbines (CTs) should remain the reference technology for estimating the cost of new entry (CONE) or be replaced by combined-cycle gas turbines (CCGTs).

MISO last week said it has concluded that a short-term capacity reserve product would be cost-effective and beneficial to reliability. An evaluation paper released last month said the product would “strengthen MISO’s vision for reliable and economically efficient markets.” MISO Market Design Advisor Bill Peters told an April 12 Market...

By Rory D. Sweeney Winter is coming — or at least it will be coming again — and the PJM Board of Managers wants at least some energy price formation restructuring by then. In a letter to stakeholders released on Thursday, the board acknowledged the heavy lift that implementing staff’s...

VALLEY FORGE, Pa. — PJM’s Eric Hsia told attendees at last week’s Market Implementation Committee meeting that the RTO plans to salvage the non-compensation portions of its proposal to revise its regulation market that FERC rejected last month. (See FERC Rejects PJM Regulation Plan, Calls Tech Conference.) PJM had filed...

FERC last week overruled a stakeholder’s objections in approving SPP’s proposed Tariff revisions to eliminate a gaming opportunity related to regulation deployment adjustments (ER18-757). The commission found that SPP’s modifications to the regulation deployment adjustment charge and payment calculations to be just and reasonable, accepting them to become effective May...

By Rory D. Sweeney FERC last week moved to investigate PJM’s regulation market, rejecting the RTO’s most recent proposal for compensating the systemwide service (ER18-87) and ordering a technical conference on larger concerns identified by stakeholders (EL17-64). The commission denied PJM’s most recent proposal, filed in October, for the same...

By Rory D. Sweeney PJM is at odds with some stakeholders over whether existing units should be under the same obligation to provide primary frequency response (PFR) that FERC ordered for new units in February. Sides clashed at last week’s meeting of the Primary Frequency Response Senior Task Force (PFRSTF)...

By Amanda Durish Cook FERC on Friday gave MISO the go-ahead on a second type of market definition for energy storage, though the commission warned that the RTO must address several more issues before storage can participate without obstacles. MISO proposed the creation of a Stored Energy Resource Type II...

By Rory D. Sweeney While structural issues persist, PJM’s markets were competitive in 2017, the RTO’s Independent Market Monitor said Thursday, contradicting concerns from PJM and some stakeholders that prices are unsustainably low. In his annual State of the Market Report, Monitor Joe Bowring noted that PJM’s energy, capacity, regulation,...

By Rory D. Sweeney VALLEY FORGE, Pa. — PJM won’t be offering market compensation to comply with FERC’s requirement that almost all resources provide primary frequency response (PFR), but the RTO is willing to give everyone a shot at recovering any upgrade costs to provide it. The Primary Frequency Response...