Capacity Market
NYISO told stakeholders it was no longer considering seasonal capacity accreditation factors because it found they would disincentivize participation in the capacity market.
Vistra has agreed to pay $38 million to wind down a long-running FERC inquiry into whether it manipulated prices in MISO’s 2015/16 capacity auction.
The MISO Independent Market Monitor called on the RTO to develop a penalty system for generation for underperformance during emergencies.
MISO issued a slew of warning notices and operating instructions — especially in the South region — to help deal with oppressive July heat, forced generation outages and strained transmission.
PJM's Markets and Reliability Committee endorsed by acclamation an issue charge by Constellation Energy focused on how storage as a transmission asset could be implemented in the RTO.
The PJM MRC endorsed an issue charge to hire a consultant to investigate the pros and cons of a sub-annual capacity market and what designs stakeholders feel would be feasible.
NYISO provided a glimpse into the possible capacity accreditation factors for gas generator units that have not guaranteed a supply of fuel for the winter capability period.
Stakeholders rejected the installed reserve margin and forecast pool requirement values recommended by PJM staff, with some opposed arguing that the inputs remain nebulous.
FERC approved Constellation's purchase of Calpine, which will create an even bigger IPP with nearly 60 GW around the country, with the biggest share of that in PJM.
The clearing price is the highest in PJM history and an increase of $59.22 (22%) from last year’s record for the RTO.
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