Thermal energy storage powered by renewables could be a flexible, cost-effective way to decarbonize heavy industry in the U.S., according to a new report from the Renewable Thermal Collaborative and Center for Climate and Energy Solutions.

The PJM Market Implementation Committee endorsed the creation of a fifth cost of new entry area for the Commonwealth Edison zone, as well as two proposals aiming to limit the prospective performance impact of implementing multi-schedule modeling in the market clearing engine.

MISO expounded on why its late August maximum generation emergency wasn’t met with prices dictated by its emergency offer floors.

MISO said it will push back a contentious filing for a new, marginal approach to capacity accreditation into early next year.

FERC reaffirmed its support for NYISO’s 17-year amortization period in its installed capacity market, rejecting protests from state regulators and consumers.  

A call for FERC to run a technical conference on capacity accreditation ran into a mixed reception, with the ISO/RTO Council saying it is too regional of an issue for the idea to have an impact.

MISO has calculated significant increases in its annual cost of new entry for use in its capacity auction in the 2024/25 planning year.

PJM agreed to reduce its nonperformance penalties 31.7% for generators that could not meet their capacity obligations during the December 2022 winter storm.

PJM's Board of Managers has adopted a variant of the RTO annual capacity market CIFP proposal, which includes changes to risk modeling, accreditation and capacity performance.

PJM's Markets and Reliability Committee endorsed issue charges, opening stakeholder discussions on generator deactivation timelines and a potential overhaul of the reserve markets during its Sept. 20 meeting.