Energy Market
The working group charged with shepherding carbon pricing into New York’s wholesale electricity market discussed how to handle import/export transactions.
For a historic moment for SPP, the ascension of two women to the RTO’s Markets and Operations Policy Committee leadership was fairly low-key.
Independent Market Monitor Joe Bowring said PJM’s proposed revisions to how it prices reserves necessitates changes in the capacity market.
The PUCT is asking legislators to help provide clarity on whether transmission and distribution utilities can own and operate energy storage devices.
FERC approved PJM Tariff changes designed to be compliant with Order 844 by improving participants’ insight into transmission constraint penalty factors.
PJM stakeholders appeared resigned to a unilateral FERC filing by the Board of Managers revising the RTO’s proposed price formation rules.
FERC accepted NYISO’s Order 844 filing, which establishes procedures for reporting uplift payments, operator-initiated commitments and more.
MISO will spend much of 2019 working on how it can prevent the increasingly frequent emergency conditions it experienced in 2018.
ERCOT is preparing to take on the Texas heat again in 2019 with reserve margins that have shrunk even further than last summer's.
In many ways, PJM's 2018 was much like years before, with capacity and energy market rules under constant redesign. Some stakeholders have grown weary of the churn.
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