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July 27, 2024

Energy Market

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NW Senators Urge BPA to Delay Day-ahead Market Decision
The senators representing Oregon and Washington urged the agency to delay its decision to join a Western day-ahead electricity market until developments play out further around SPP’s Markets+ and CAISO’s EDAM.
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FERC Ends Section 206 Proceeding for New Brunswick Energy Marketing
FERC ruled that New Brunswick Energy Marketing does not appear to have horizontal market power in the New Brunswick balancing authority area, concluding a Section 206 proceeding that came out of a failed market share screening test.
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FERC Accepts NYISO Capacity Accreditation Changes, with 1-Year Delay
FERC approved NYISO’s proposed tariff revisions to more accurately accredit natural gas resources’ capacity, but the commission delayed their implementation until 2026.
CAISO
CAISO Advances Pathways Initiative ‘Step 1’ Proposal to Board Vote
CAISO will recommend its board approve a proposal to eventually give the WEM Governing Body increased authority over both the Western EIM and EDAM.
United Steel Structures Inc.
NRDC: Coal Plants Squeezing Out Cheaper Resources in MISO Market
Coal plants in the Central U.S. are elbowing out lower-cost, cleaner generation and have collected more than $1 billion in uneconomic payments over a three-year span, the Natural Resources Defense Council said in a new report.
NYISO
NYISO BIC/OC Briefs: July 2024
NYISO’s Business Issues and Operating committees met to discuss and vote on updates to the ISO’s Ancillary Services manual.
CAISO
CAISO Kicks off Storage Bid Cost Recovery Stakeholder Initiative

Batteries may be receiving excessive or inefficient bid cost recovery payments in CAISO, an issue that could be exacerbated by the ISO’s recent move to increase its soft offer cap to allow for higher bids by storage resources.

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BPA Stepping up Participation in Pathways Initiative
The Bonneville Power Administration is ramping up its engagement with the West-Wide Governance Pathways Initiative, an executive with the federal power agency said.
PJM
PJM MRC/MC Preview: July 24, 2024
The PJM Markets and Reliability Committee will consider proposed revisions to Manual 12 and Manual 13, along with several other agenda items.
MISO
MISO: Hurricane Beryl Caused Electrical Island in Texas
MISO said damage wrought from Hurricane Beryl triggered an overnight electrical island in a Southeastern Texas load pocket.

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