Capacity Market
Speakers told FERC this week that RTO capacity markets are in serious danger from state renewable procurements and subsidies for nuclear plants.
The PJM Markets and Reliability committee and Members committee discussed frequency response and the Capacity Construct/Public Policy Senior Task Force.
The PJM Capacity Construct/Public Policy Senior Task Force presented an alternative perspective on the objectives of a resource adequacy construct.
New England states will not have enough renewable resources to meet the 2025 and 2030 targets in current renewable portfolio standards.
NYISO updated stakeholders on its response to concerns over capacity exports, providing a status report on modeling revisions.
All 135 GW worth of capacity procured across 10 local resource zones in the MISO fifth annual Planning Resource Auction cleared at $1.50/MW-day.
MISO is considering prohibiting resources on extended outages from participating in capacity auctions or other changes to capture the risk of such outages.
PJM staff detailed how the new rules for aggregating seasonal resources will be implemented in May’s Base Residual Auction.
The NYISO summer 2017 capacity auction results surprised analysts last week with higher-than-expected prices for New York City and the Hudson Valley.
The Millstone nuclear power plant has earned at least $3 billion in profits for Dominion since the company bought it, according to a study.
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