Capacity Market
MISO will likely fall back on its existing capacity auction design next year after its competitive retail solution failed to win FERC approval.
FERC granted New York officials’ request to exempt new “special case resources” from buyer-side market power mitigation rules in NYISO.
FERC rebuffed generators’ attempt to apply ISO-NE’s minimum offer price rule (MOPR) to 200 MW of renewable generation that were granted an exemption.
FERC rejected the proposed MISO three-year forward capacity auction in its retail-choice areas. It's back to the drawing board for the RTO and stakeholders.
FERC approved NYISO's proposed locality exchange factor for its capacity market. NYISO's plan protects consumers from rising capacity prices.
A coalition of PJM stakeholders narrowly won approval to review the capacity market (RPM) construct, with a focus on state public policy issues.
FERC approved the revised NYISO demand curves but said the ISO must eliminate the assumptions about new peaking plants in the NYCA.
FERC granted a NEPGA complaint that a penalty imposed by ISO-NE during a heat wave proved that a rule intended to punish resource withholding is unjust.
The PJM Market Implementation Committee endorsed two proposed Manual 11 revisions related to shortage pricing, both of which were developed in response to FERC Order 825.
MISO is poised to implement a laundry list of changes intended to improve its capacity auction, some of which should take effect in time for the 2017/18 Planning Resource Auction.
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