Markets
ISO-NE kicked off NEPOOL discussions for the second phase of its capacity auction reform project, beginning long-awaited talks on accreditation and seasonal capacity auction changes.
MISO said a yearslong software error caused it to clear more capacity than intended in past capacity auctions and which has resulted in an approximate $280 million impact to market participants in this year’s auction.
After years in the making, CAISO released a price formation proposal intended to reduce “unnecessary” market power mitigation, strengthen reliability and provide consistent pricing incentives in the WEIM and future EDAM.
Six Western U.S. senators came out in support of the California legislation needed to transform CAISO’s market into an independent regional energy market, saying in a letter to Gov. Gavin Newsom the bill promises "improved grid reliability and significant energy cost savings.”
The New England wholesale electricity markets performed competitively in 2024, while decreased imports and higher emissions compliance rates increased overall market costs, the ISO-NE Internal Market Monitor told the NEPOOL Participants Committee.
MISO said its nine-year effort to replace its market platform will exceed original budget contingencies and won’t be completed until 2028, three years later than previously predicted.
A new analysis of the One Big Beautiful Bill Act from Aurora Energy Research found that the bill likely will increase wholesale power prices in NYISO and PJM.
Parties filed their first briefs in the appeal of FERC Order 1920, which mandated changes to regional transmission planning and cost-allocation rules.
Four Western utility executives participating in an Energy Bar Association webinar presented their reasoning for why they ultimately chose either SPP’s Markets+ or CAISO’s EDAM, with some eyeing the creation of a full regional transmission organization in the future.
Though progress on legislative action has stalled, permitting reform remains a vital step forward — one where policymakers can make a meaningful difference. As Congress reconvenes, this critical issue is back on the table, says Todd Snitchler.
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