Markets
NYISO
Two initiatives that have bedeviled discussion at NYISO committees in the last few weeks of the year reared their heads again at the final Budget Priorities Working Group meeting of the year.
South Fork Wind
During its last meeting of the year, the NYISO Management Committee approved two proposals that would institute a new design for the reserve market and alter a calculation used in the regulation service market.
MISO
Facing proliferating load additions, MISO has begun developing in-house long-term load forecasts after years of relying on outside help to form load outlooks.
Kevin Dooley, CC BY-SA-2.0, via Wikimedia Commons
On the surface, CAISO’s Extended Day-Ahead Market and SPP’s Markets+ will take similar approaches to accounting for greenhouse gas emissions — but important differences remain.
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MISO said it will finalize an availability-based accreditation for nearly 12 GW of load-modifying resources over the first quarter of 2025 ahead of a filing with FERC.
Bonneville Power Administration
The Bonneville Power Administration continued to argue that SPP’s Markets+ is preferable to CAISO’s EDAM, stating in a letter to Seattle City Light that potential benefits of a single West-wide market footprint must be viewed with “significant skepticism."
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The four U.S. senators representing Oregon and Washington contend BPA has failed to make a financial case for joining Markets+, a condition they say should be the key driver of the agency’s decision to participate in a Western day-ahead market.
LADWP
The Los Angeles Board of Water and Power Commissioners gave the go-ahead for LADWP to join CAISO’s EDAM, in a move expected to increase the utility’s annual net revenue by almost $40 million.
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FERC has ordered American Efficient to defend its energy efficiency programs in PJM and MISO or pay a $722 million penalty and return $253 million in profits to ratepayers.
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The NYISO Business Issues Committee tabled a proposal to levy financial penalties against consistently underperforming generators in the reserve market.
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