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.
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.
Capacity markets have brought significant cost savings for customers in the Northeast over the past two decades but now face the critical need to evolve amid rapid load growth and a changing resource mix.
The IESO Technical Panel approved posting for comment several revisions to the ISO’s capacity market rules and manual intended to reduce the occurrence of unfulfilled commitments.
Central Hudson, Con Edison, National Grid and the Natural Resources Defense Council have co-submitted a proposal to the NYISO project prioritization process asking the ISO consider developing a capacity market based around retaining existing resources.
The Internal Market Monitor weighed in on ISO-NE's proposed capacity market overhaul, expressing support for increased flexibility around resource retirement notifications and recommending the elimination of the pivotal supplier test.
