Capacity Market
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.
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.
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.
Pay-for-Performance credits accumulated during capacity scarcity conditions June 24 totaled about $114 million, ISO-NE's COO told the NEPOOL Participants Committee.
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's CEO said on an earnings call that the company remains interested in the possibility of utility-owned generation.
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.
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