Capacity Market
The 3rd U.S. Circuit Court of Appeals upheld FERC's 2021 approval of PJM's tightened minimum offer price rule, which removed a requirement that resources receiving state subsidies be mitigated to their cost-based offer.
FERC wants more description behind MISO’s plan to adopt sloped demand curves for its capacity auctions before it decides the matter.
NYISO will see improved transmission deliverability within its borders and with PJM this winter but reduced interchange with ISO-NE, stakeholders were told.
Potential changes to ISO-NE's capacity market include updates to its resource capacity accreditation (RCA) methodology, along with prompt and seasonal capacity market formats.
ISO-NE outlined how FERC’s time extension for Order 2023 compliance will impact its proposal at a meeting of the NEPOOL Transmission Committee.
PJM's Independent Market Monitor filed a FERC complaint alleging the RTO's Capacity Performance penalty structure undermines reliability and offered an alternative calculation based on capacity revenues.
Analysis Group outlined the methodology of its study of major changes to the structure of ISO-NE’s Forward Capacity Market (FCM) at the NEPOOL Markets Committee meeting.
Stakeholders appear divided over MISO’s proposal to use a downward sloping demand curve in its capacity auction, with criticisms mostly aimed at a provision to allow utilities to opt out of the auction for three years at a time.
Generators that plan to come online by the start of the 2025/26 delivery year will have until Dec. 12 to notify PJM of their intent to participate in the Base Residual Auction for that year.
NEPOOL members voted to delay FCA 19 by one year, seeking time to revise its capacity accreditation rules and consider a prompt or seasonal market.
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