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December 6, 2025

Energy Market

© RTO Insider
ERCOT Board of Directors Briefs: June 23-24, 2025
ERCOT CEO Pablo Vegas has gone public with the grid operator’s internal terminology that is shaping the market’s path forward, defining it for his Board of Directors and stakeholders. 
Quanta Infrastructure Solutions Group
New CAISO-Powerex Dispute Centers on ‘Voluntary’ Nature of EDAM
CAISO dismissed Powerex’s contention that the ISO only recently has “revealed” that participation in its EDAM is voluntary at the balancing authority level but not voluntary for “individual customers” operating within the BA participating in the market.
Potomac Economics
NEPOOL PC Briefs: June 24-26, 2025

ISO-NE and stakeholders discussed market performance, capacity auction reforms, the RTO’s 2026 budget and asset condition spending at the summer meeting of the NEPOOL Participants Committee.

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PJM MRC/MC Briefs: June. 18, 2025
Committee business included a quick-fix package to expand the definition of dual-fuel generation in the Reliability Assurance Agreement to include generation capable of running on a backup fuel type with off-site storage and dedicated delivery.
MISO
MISO Declares Max Gen Emergency in Heat Wave
MISO Midwest entered emergency status during the RTO’s first serious heat wave of the summer.
SPP
FERC Accepts Revisions to SPP’s WEIS Market
FERC accepted SPP's tariff revisions to its Western Energy Imbalance Service market that allow market holds for reliability-based concerns when requested by a balancing authority.
CAISO
Panel Ponders Impacts, Priorities Around Western Market Seams

The formation of two competing day-ahead markets will create seams across the West, but at least one utility representative is more worried about seams resulting from the fracture of CAISO’s real-time Western Energy Imbalance Market.

PacifiCorp
CAISO Approves New EDAM Congestion Revenue Allocation Design
CAISO's Board of Governors and the Western Energy Markets Governing Body approved a new method for allocating certain congestion revenues in the ISO's Extended Day-Ahead Market, set to launch in 2026
Lazard
Lazard: Solar and Wind Retain Lowest LCOEs

Lazard’s latest analysis of the levelized costs of energy concludes that wind and solar are the least-expensive new-build power generation for the 10th year in a row.

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PJM Stakeholders Propose Cost Allocation Models for DOE Emergency Orders
The Members Committee is set to vote on several proposals drafted by PJM and stakeholders to determine how to allocate costs associated with generators required to remain online through DOE’s emergency orders under FPA Section 202(c).

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