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December 29, 2025

Markets

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FERC Approves Settlement Reducing PJM Penalties for Elliott Underperformance
FERC approved a settlement between PJM and 81 parties to reduce the $1.8 billion in penalties assessed against generators that underperformed during Winter Storm Elliott.
ISO-NE
ISO-NE Details Proposal for Regional Energy Shortfall Threshold
ISO-NE kicked off work to determine an acceptable level of energy shortfall risk for New England, particularly during extreme weather events. 
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FERC Upholds MISO Ban on Renewables Supplying Ancillary Services
FERC has reaffirmed that MISO can exclude renewable resources from providing ancillary services in its markets.
PJM
PJM MRC/MC Preview: Dec. 20, 2023
The PJM Markets and Reliability Committee will consider endorsement of two competing proposals to implement multi-schedule modeling, while the Members Committee will endorse representatives for the Finance Committee.
NYISO
NYISO BIC Stakeholders OK Modeling, Market Design
NYISO’s Business issues Committee approved testing of dynamic reserves, changes to the LCR optimizer, and new capacity accreditation rules.  
Analysis Group
Analysis Group Recommends Prompt, Seasonal Capacity Market for ISO-NE
ISO-NE should move to a prompt and seasonal capacity market to better accommodate the evolving mix of resources and reliability risks in the region, Analysis Group told stakeholders at the NEPOOL Markets Committee meeting.
NYISO
NYISO Stakeholders Balk at Proposed Day-Ahead Market for Demand Resources
NYISO stakeholders continued their criticism of the ISO’s effort to improve its demand response programs, saying it has inadequately addressed their concerns.
R Street Institute
Report Dives into the Details of Electricity Restructuring
The Energy Choice Coalition hosted a webinar that focused on a recent report from the R Street Institute that examined how restructuring has impacted the electric industry at both the wholesale and retail levels.
CAISO
CAISO DMM: High Exports to Southwest Led to July EEAs
CAISO's Department of Market Monitoring explained that self-scheduled exports to support stressful conditions led to the declaration of emergency alerts in July.
PJM
PJM MIC Briefs: Dec. 6, 2023
PJM’s MIC heard updates on capacity market proposals pending before FERC and began a review of how energy efficiency resources participate in the market.

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