Capacity Market
The NEPOOL Markets Committee convened a two-day meeting focused on ISO-NE’s capacity auction reform project, along with other business.
ISO-NE discussed its plans for preventing and mitigating market power as it overhauls its capacity market and resource retirement processes at a NEPOOL Markets Committee meeting.
The Market Implementation Committee endorsed a joint PJM and Independent Market Monitor proposal to rework how uplift and deviation charges are calculated for market sellers.
New Jersey lawmakers pushed back on the state’s all-electricity, clean-energy strategy at a heated committee hearing, urging an all-the-above approach as PJM faced criticism for failing to foresee a dramatic hike in demand.
NYISO presented the Installed Capacity Working Group with its priorities for the Capacity Market Structure Review, with improving the demand curve reset process and methodology topping the list.
Attendees at the Electric Power Supply Association’s Competitive Power Summit discussed how markets are responding to rapid demand growth.
Dominion Energy Virginia asked for its first base rate increase since 1992 in the face of inflation and load growth in its territory.
FERC received several protests to Constellation's proposed purchase of Calpine, with PJM's Monitor arguing the companies need to make additional commitments to preserve competition in the RTO.
ISO-NE plans to reopen its interconnection queue April 1 as it continues to wait for a ruling from FERC on its Order 2023 compliance proposal, the RTO told the NEPOOL Transmission Committee.
ISO/RTO leaders explained the issues facing their markets and took some questions from members, with subjects like FERC's independence and the recent capacity price spikes in PJM coming up.
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