Energy Market
SPP assuaged potential Markets+ participants that FERC's deficiency filing and other recent developments have not hindered its commitment to Western expansion.
The integration of Markets+ with the Western Resource Adequacy Program would be among a handful of key reliability benefits of SPP’s Western day-ahead offering, according to an “issue alert” published by 10 entities that backed development of the market.
FERC established settlement judge procedures in response to a waiver request from a generator seeking to exit ISO-NE’s inventoried energy program and refund the net revenues received from the program.
PJM has decided not to refile several components of its proposed capacity market redesign that was rejected by FERC in February.
California energy agency heads appeared before state lawmakers to pitch the proposed CAISO governance changes being developed by the West-Wide Governance Pathways Initiative.
Governance should be a “key consideration” for the West in the competition between day-ahead electricity markets because the outcome potentially affects $25 billion a year in energy transactions, according to a new “issue alert.”
Labor groups that blocked past California legislative efforts to “regionalize” CAISO told state lawmakers they “look forward” to working with the legislature next year to pass a bill to implement the governance changes being developed by Pathways.
A new CAISO proposal seeks to address unwarranted BCR payments to storage resources, an issue that has stirred controversy over the last month.
One thing has become abundantly clear after three intensive workshops this summer: there’s no blueprint for developing the stakeholder process for the “regional organization” envisioned by the West-Wide Governance Pathways Initiative.
CAISO’s own systems may have contributed to a set of “operational surprises” that forced it to declare a series of energy emergency alerts in July 2023, a member of the ISO’s Market Surveillance Committee said.
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