Capacity Market
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The Markets and Reliability Committee rejected three proposals to revise aspects of PJM’s effective load-carrying capability accreditation model.
Ben Schumin, CC BY-SA-2.0, via Wikimedia
NYISO has proposed to stop using “winter to summer” and “summer to winter” ratios to determine maximum clearing and reference point prices in its seasonal demand curves.
ISO-NE
ISO-NE presented the final design details and tariff changes for the first phase of its Capacity Auction Reforms project in preparation for a stakeholder vote in October.
Bechtel
MISO members largely agreed that MISO’s new capacity auction structure — featuring individual seasonal auctions and a sloped demand curve — is better for the health of the system.
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PJM presented a first read on a proposal to cap resources committed ahead of the day-ahead market at their cost-based offer, and the committee endorsed an expansion of an offer capping issue charge.
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To increase its energy supplies, PJM proposes expanding its process for allowing new resources to inject onto the grid while their required network upgrades are being completed, allowing a unit to operate partially.
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The PJM Board of Managers initiated a Critical Issue Fast Path process aimed at maintaining resource adequacy in the face of rising data center load growth, asking stakeholders to draft proposals to serve 32 GW of load growth expected by 2030.
ISO-NE
Pay-for-Performance credits accumulated during capacity scarcity conditions June 24 totaled about $114 million, ISO-NE's COO told the NEPOOL Participants Committee.
Constellation
The New England Power Generators Association is seeking immediate action from FERC to address what it calls “serious flaws” in the design of ISO-NE’s pay-for-performance mechanism.
Exelon
Exelon's CEO said on an earnings call that the company remains interested in the possibility of utility-owned generation.
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