Energy Market
PJM’s effort to include variable operations and maintenance costs in energy market cost-based offers appears to be on its way to FERC.
ERCOT stakeholders and staff discussed alternatives to market price investigation announcements, following a market notice during the recent heatwave.
MISO issued two maximum generation alerts and conservative operations declarations because of severe weather in June and a heatwave in July.
MISO’s Market Subcommittee will re-examine whether it should compensate resources for energy delivered during a system restoration event.
PJM rolled out a proposal to procure reserves on a more granular level, a move the RTO hopes will shift more generator revenues back into the energy market.
ERCOT set new all-time systemwide peak demand records July 18, reaching 72.2 GW between 4 and 5 p.m.
Peak Reliability said that it will wind down its role as a Reliability Coordinator and end its joint venture with PJM to form a western electricity market.
Fernandez told the PJM MIC that his staff are still completing calculations for retroactively reallocating costs for certain transmission projects.
The SPP Market Monitoring Unit (MMU) reported that energy prices averaged about $23/MWh in the spring, despite higher loads.
The NYISO Business Issues Committee voted in favor of changing how the ISO reports on historic transmission congestion.
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