Energy Market
MISO and PJM staff proposed a solution to the double counting of congestion for pseudo-tied resources, a fix that could apply to those between MISO and SPP.
PJM has received FERC approval to divide $40.8 million from an enforcement settlement with GDF SUEZ among implicated market participants.
ISO-NE’s wholesale electric market totaled $4.1 billion in 2016, down 30% from 2015 thanks to low natural gas prices and mild weather.
Mild temperatures and inexpensive natural gas resulted in a slight load decrease and lower energy prices in MISO in January.
Experts told regulators at NARUC's winter meeting that regulatory inconsistencies have hindered the implementation of PURPA, especially in non-RTO markets.
The MISO Market Subcommittee discussed FERC's recent order on energy storage and December's spike in revenue sufficiency guarantee payments.
The PJM Operating Committee discussed a recent performance assessment hour simulation and debated replacing a phase angle regulator.
PJM officials briefed the Market Implementation Committee on the implications of FERC's lack of quorum.
FERC said it will give CAISO more time to address its concerns over intertie bidding at the borders of the Energy Imbalance Market (EIM).
In a settlement approved by FERC's Office of Enforcement, GDF SUEZ will will pay almost $82 million to PJM to settle market manipulation charges.
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