September 22, 2023

Capacity Market

NYISO Business Issues Committee Briefs: Sept. 14, 2023
NYISO secured Business Issues Committee approval of the ISO’s proposal to create separate capacity demand curves for summer and winter beginning with the 2025/2026 capability year.
D.C. Circuit Court of Appeals
NYPSC Continues Legal Battle Over NYISO’s 17-year Amortization
The NYPSC has filed a third petition seeking federal judicial review of FERC orders related to NYISO's proposed 17-year amortization period for its demand curves in capacity market auctions.
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PJM MIC Briefs: Sept 6, 2023
Voltus withdrew a demand response resource issue charge, while AEP and Dominion proposed a  capacity obligation issue charge.
MISO Strengthens Resolve on Marginal Capacity Accreditation, Stakeholders Displeased
Stakeholders remain frustrated with MISO’s plan to enact a marginal capacity accreditation as staff insist that the approach will measure the true value of capacity.
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MISO South Support for Sloped Demand Curve Wanes on Opt-out Provision
State regulators of MISO South are withholding support for MISO’s plan to implement a sloped demand curve in its capacity auctions based on a proposed option for states to shield themselves from the effects.
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PJM Stakeholders Vote Against All CIFP Proposals
None of the 20 proposals PJM and stakeholders drafted through the critical issue fast path to rework the capacity market garnered sector-weighted support from the Members Committee.
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PJM Stakeholders Finalize CIFP Proposals Ahead of Vote
PJM and stakeholders presented their final CIFP proposals and posted executive summaries explaining how their packages would redesign the RTO's capacity market.
PJM MRC/MC Preview: Aug. 23-24, 2023
The PJM Members Committee will convene a special meeting to vote on 20 proposals to revise the workings of the RTO's capacity market through the critical issue fast path process.
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DC Circuit Affirms FERC Order on PJM MSOC
The court reaffirmed FERC's order eliminating the default offer cap, denying generators' claims that the changes to PJM's market seller offer cap deprived them of the ability to set their own rates.
NYPSC Seeks FERC Rehearing on NYISO’s 17-Year Amortization
The New York Public Service Commission asked FERC to again rule on its order accepting NYISO's 17-year amortization period proposal for calculating the annual costs for hypothetical fossil fuel plants.

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