Energy Market
ERCOT’s Board of Directors approved an ISO request to correct real-time energy prices following a July event that caused brief market palpitations.
The MISO market was competitive in 2017, but the RTO should do more to address increasing congestion and low capacity prices, Monitor David Patton said.
ERCOT executives said that system generation has overperformed during the summer, helping the grid operator meet demand during July’s record heat.
The Western Energy Imbalance Market saw financial benefits soar to a record $71.2 million in the second quarter, according to a CAISO report.
MISO’s proposal to put time limits on its alternative dispute resolution process with RTO members is still missing key details, FERC said Monday.
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.
FERC approved a civil penalty against Entergy for failing to inform ISO-NE of the inability of its gas-fired generator to meet capacity obligations.
MISO’s Market Subcommittee will re-examine whether it should compensate resources for energy delivered during a system restoration event.
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