Capacity Market
Eleven generating companies have asked FERC to expand the PJM minimum offer price rule (MOPR) in time for May’s 2019/20 Base Residual Auction.
Transmission projects expected to be in service by 2020 are adequate to leave the boundaries of the four zones intact, ISO-NE said.
Deregulated markets in MISO would get a three-year forward capacity auction beginning in 2018, under a proposal unveiled by the RTO.
ISO-NE market rules favoring natural gas clash with renewable energy goals, speakers at the EUCI US/Canada Cross-Border Power Summit said.
On-peak day-ahead electricity prices in the U.S. were down 27 to 35% in 2015 due to cheap natural gas, FERC staff said in its State of the Markets report.
The Monitor reported that the PJM energy, capacity, regulation, synchronized reserve and FTR markets were all competitive in the 2015 State of the Market.
FERC ordered PJM to change its method of calculating capacity market offer caps, saying it was inconsistent with its practice in the energy market.
MISO could have a limited set of market rules for energy storage as early as 2017.
MISO stakeholders continue their debate over the RTO’s capacity market rules, with IPPs saying the RTO should borrow elements from PJM.
MISO acknowledged that it missed its original goal of making a FERC filing in December, and now hopes for a May filing.
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