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By Tom Kleckner ERCOT’s Independent Market Monitor said the market “performed competitively” in 2015, with low natural gas prices helping reduce energy costs and congestion revenue to record lows. Potomac Economics’ annual State of the Market report, filed with ERCOT and the Public Utility Commission of Texas, said the ISO’s...

By Amanda Durish Cook INDIANAPOLIS — FERC last week accepted a generation interconnection agreement between MISO and the first utility-scale battery storage project in the footprint. The commission approved a GIA for Indianapolis Power & Light’s Harding Street Station Battery Energy Storage System, which is planned to go online this...

After allegations of management interference led PJM to replace its internal market monitoring unit with an independent monitor in 2008, FERC had an opportunity to prohibit other RTOs from using the internal structure. Because it chose not to do so, the temptation for RTO officials to muzzle their MMUs still...

By Tom Kleckner AUSTIN, Texas — ERCOT members last week voted down the ISO’s attempt to salvage a revision request that would have replaced several ancillary services with four new products. Frazier © RTO Insider The nodal protocol revision request (NPRR), rejected earlier in the month by the Protocol Revision...

Barry Trayers of CitiGroup Energy won endorsement from the Markets and Reliability Committee for his proposal to add an acceptable reason for early capacity replacement to Manual 18: PJM Capacity Market. After Trayers agreed to remove the words “wind” and “solar,” the motion passed with three objections and six abstentions.

The average real-time price of wholesale power in New England fell by more than a third last year, according to the 2015 Annual Markets Report by the Internal Market Monitor of ISO-NE. Prices dropped more than $22/MWh to $41, as the average price of natural gas fell 41% to $4.73/MMBtu...

Below is a summary of the issues scheduled to be brought to a vote at the Markets and Reliability Committee on 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. RTO Insider will be...

By Rich Heidorn Jr. CAMBRIDGE, Md. — Retiring PJM board members Jean Kinsey and Richard Lahey marked their final Annual Meeting last week with reminiscences on the industry’s past and some views on its future. Lahey, former dean of engineering at Rensselaer Polytechnic Institute and an expert on nuclear reactor...

By Robert Mullin CAISO’s Board of Governors last week approved an ISO plan to temporarily alter market operations in response to natural gas pipeline restrictions stemming from the closure of the Aliso Canyon storage facility. CAISO is proposing to reserve capacity on the Path 26 transmission line in advance of...

By Robert Mullin CAISO stakeholders last week expressed misgivings and confusion about a new issue paper exploring how the ISO can resolve certain generator and transmission contingencies currently handled by out-of-market operations. Questions about the generator contingency and remedial action scheme modeling enhancements paper largely stemmed from uncertainty about the potential...