Markets
FERC accepted ISO-NE’s proposal to increase the collateral requirements for generators participating in its capacity market, rejecting the New England Power Generators Association’s arguments that the changes violate the filed rate doctrine.
NYISO CEO Rich Dewey opened the Management Committee meeting with a congratulations on getting through 2024 before looking ahead to the rest of 2025.
FERC accepted NYISO's proposed tariff revisions that were submitted as part of the Demand Curve Reset.
CAISO's Western Energy Imbalance Market provided participants $374.25 million in benefits during the fourth quarter of 2024, down about 4% from the same period a year earlier, according to an ISO report.
BPA would have to strike several types of agreements, many of which are complex and could take years to implement, to tackle seams that could arise if BPA joins a day-ahead market, agency staff said during a workshop.
BPA could face high implementation fees and operating costs under both SPP’s Markets+ and CAISO’s EDAM, but exact amounts are in flux.
PJM announced it will seek to establish a $325/MW-day price cap on capacity prices and a $175/MW-day floor for the 2026/27 and 2027/28 Base Residual Auctions following discussions with Pennsylvania Gov. Josh Shapiro to resolve a complaint he filed over increased capacity costs.
California ratepayers would save millions more in a CAISO Extended Day-Ahead Market encompassing nearly all the West than in one that includes only those utilities likely to join the market, according to a new Brattle Group study.
Constellation and Calpine proposed selling off several PJM power plants in their merger application with FERC to quell any concerns with market power in some submarkets.
El Paso Electric says it will join SPP’s regional day-ahead Markets+ service offering in a “strategic move … tailored” to meet expected customer load growth and evolving needs.
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