Markets
FERC rejected requests to change PJM’s capacity market rules to accommodate seasonal resources.
PJM’s testing rules for pseudo-tied resources lack "sufficient notice and transparency," FERC ruled, ordering Tariff changes.
ISO-NE presented the preliminary results of economic studies conducted for NESCOE and Anbaric.
Utility executives urged MISO to prepare for the imminent change sweeping the grid with the increased adoption of renewable and distributed resources.
The New Jersey BPU received dozens of comments on how it should respond to PJM's expanded MOPR. State regulators initiated the investigation to determine if staying in the capacity market will increase consumer costs or impede the state's goals of 100% clean energy sources by 2050.
Analyses that predict increased costs for regions that exit PJM’s capacity market should be redone to presume maximizing imports to counter local market power.
FERC approved PJM’s proposed energy price formation revisions, agreeing with the RTO that its reserve market was not functioning as intended.
NYISO is seeing “historically low” load and prices, Senior Vice President of Market Structures Rana Mukerji told the Business Issues Committee.
The NEPOOL Reliability Committee discussed load forecasting method changes, DC-coupled facilities' participation in the markets and transmission upgrades.
ERCOT’s new long-term load forecast for COVID-19 scenarios indicates the Texas grid operator will continue to see a loss of demand into 2024.
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