Capacity Market
PJM's Independent Market Monitor asked FERC to impose behavioral constraints on NRG Energy's proposed purchase of power plants and demand response from LS Power.
Anger over a recent dramatic rate hike and fears of energy shortfalls because of a predicted future rise in demand have prompted New Jersey to look anew at whether the state should consider pulling out of PJM.
NYISO is proposing changes to certain capacity market parameters to accommodate the Champlain Hudson Power Express transmission project, as well as facilitate the new entry of resources.
IESO will revise its procedure for breaking capacity auction ties in time for the 2025 contest in November.
ISO-NE and stakeholders discussed market performance, capacity auction reforms, the RTO’s 2026 budget and asset condition spending at the summer meeting of the NEPOOL Participants Committee.
The PJM Board of Managers is pursuing an approach that would spread the cost of continuing to operate Constellation Energy’s Eddystone Generating Station to all PJM consumers.
Committee business included a quick-fix package to expand the definition of dual-fuel generation in the Reliability Assurance Agreement to include generation capable of running on a backup fuel type with off-site storage and dedicated delivery.
MISO Midwest entered emergency status during the RTO’s first serious heat wave of the summer.
PJM's Markets and Reliability Committee discussed a problem statement and issue charge brought by Pennsylvania Gov. Josh Shapiro to open a discussion on establishing a sub-annual capacity market design.
FERC approved a PJM proposal to revise the penalty rate for resources that are unable to meet their capacity obligation due to a decrease to their accreditation.
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