Markets
The deadline to submit bills for California’s 2025 session is looming, and backers of the West-Wide Governance Pathways Initiative expect legislation without unnecessary fluff that will change CAISO’s governance structure and allow a new regional organization to oversee Western energy markets.
Spiking capacity prices in PJM have PPL and Exelon pushing for a potential return to utility-owned generation in Pennsylvania, which three former PUC chairs warned would be harmful to consumers.
The RTO said it has received signed Phase 2 funding agreements from eight interested participants in its proposed day-ahead service offering — including the Bonneville Power Administration.
Tacoma Power has signed an agreement to join SPP’s Markets+, making the Washington utility the second Pacific Northwest entity to commit to participating in the market in the past month.
The new paper from Powerex is likely to reignite the debate between supporters of CAISO’s Extended Day-Ahead Market and SPP’s Markets+ just as the competition between the two markets approach critical junctures.
With go-live dates for its first two participants looming in May and October of next year, implementation activities for CAISO’s EDAM are ramping up.
A workshop on the West-Wide Governance Pathways Initiative has sparked praise for the proposal as well as concerns, including uneasiness over plans to share staffing between CAISO and a new regional organization that would govern Western electricity markets.
ISO-NE continued discussions with stakeholders on its capacity auction reform project at the NEPOOL Markets Committee, providing more information on planned changes to the resource retirement process.
PJM’s Market Implementation Committee narrowly endorsed a PJM proposal to use ELCC to model the availability of demand response resources in all hours, along with other changes to how DR accreditation is determined.
NYISO opened the Installed Capacity Working Group meeting by telling stakeholders it is assessing the impact of President Donald Trump’s 10% tariff on “energy resources from Canada” on its markets.
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