Energy Market
PJM members were unable to reach consensus on any of five proposals to improve price formation for energy and reserves Thursday.
NYISO released a Strategic Plan outlining how it will incorporate market and regulatory trends into its planning processes for 2019 to 2023.
State regulators in MISO and SPP are making progress on the seams issues that continue to vex the RTOs, but much work remains, stakeholders learned.
Calpine’s modification of PJM’s energy price formation proposal emerged as the first choice members will consider at Thursday’s Markets and Reliability Committee meeting.
SPP saw an increase in price spikes and overall prices during October and November thanks to above-normal scarcity pricing.
With spring season approaching, MISO is encouraging stakeholders to offer ideas to address the growing divide between resource availability and need.
SPP stakeholders approved changes to the RTO’s generator interconnection process to simplify what had become a burdensome process involving repetitive data.
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability (MRC) and Members committees (MC) on Jan. 24, 2019.
MISO’s ongoing market system replacement will focus on moving the platform to the cloud and creating a single means of submitting modeling data.
NYISO locational-based marginal prices averaged $40.31/MWh in Dec., down by about 7% from Nov. and slightly more than 30% from the same month a year ago.
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