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By Rich Heidorn Jr. PJM’s Capacity Performance proposal has done the near impossible: unite the RTO’s stakeholders. Virtually all of the more than 50 stakeholders who commented on the RTO’s revamp of the capacity market agreed that it goes too far, creates too much risk and is being rushed through...
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’s Board of Managers will seek approval of changes in capacity auction parameters despite load-serving entities’ requests that it delay action pending consideration of staff’s Capacity Performance proposal. The board ordered staff to file changes resulting from the Triennial Review of the parameters with the Federal Energy Regulatory Commission by...
PJM’s Market Monitor overstepped its authority in calculating the maximum price generators can offer into capacity auctions, but the RTO’s Tariff may need to be changed to prevent a windfall to generators, the Federal Energy Regulatory Commission ruled. The commission ruled in favor of FirstEnergy Solution’s challenge to the Monitor’s...
Members deadlocked last week on changes to capacity market parameters, with none of five proposals winning a supermajority. As a result, the Board of Managers will decide for itself whether to seek Federal Energy Regulatory Commission approval for PJM staff’s proposed changes, including a shift in the shape and position...
Markets and Reliability Committee The Markets and Reliability Committee approved the following with little debate or discussion on Thursday. Manual Changes Approved Manual 12: Balancing Operations. Updates Section 4.5, “Qualifying Regulating Resources,” for clarity, accuracy and consistency, including a description of current regulation testing procedures; consolidates “PJM Actions” from previous...
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...
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