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December 5, 2025

Energy Market

© RTO Insider
PJM MIC Endorses 2 Quadrennial Review Proposals
The PJM Market Implementation Committee voted to endorse two packages of revisions to key parameters of the capacity market out of six offered by PJM and stakeholders that resulted from the Quadrennial Review.
PJM
PJM Operating Committee Briefs: Sept. 11, 2025
PJM's Operating Committee heard an update on the Aug. 11 load-shedding event in Baltimore, which brought 20 MW offline for about half an hour following equipment failures at the Brandon Shores substation
Ontario Energy Board Market Surveillance Panel State of the Market Report 2023
Ontario Market Monitor Revamps Techniques for IESO Nodal Market
Ontario’s energy regulator is learning new ways to identify inefficiencies and malign behavior under IESO’s Market Renewal Program.
Office of Assemblymember Cottie Petrie-Norris
Pathways Bill Passes Calif. Legislature in Lopsided Votes
California lawmakers have passed a landmark bill that will allow CAISO to transition the governance of its markets to the independent “regional organization” envisioned by the West-Wide Governance Pathways Initiative.
CAISO
WEIM Prices Rise on Higher Gas Costs in Q2 2025
Western Energy Imbalance Market prices increased sharply in the second quarter of 2025 compared with the same period in 2024, mostly due to higher natural gas prices at Western hubs.
CAISO
CAISO Price Formation Proposal Looks to Reduce ‘Unnecessary’ Market Mitigation

After years in the making, CAISO released a price formation proposal intended to reduce “unnecessary” market power mitigation, strengthen reliability and provide consistent pricing incentives in the WEIM and future EDAM.

ISO-NE
ISO-NE Monitor Discusses Market Trends, Energy Transition
The New England wholesale electricity markets performed competitively in 2024, while decreased imports and higher emissions compliance rates increased overall market costs, the ISO-NE Internal Market Monitor told the NEPOOL Participants Committee.
MISO
MISO: Market Platform Replacement will be Overbudget, Stretch into 2028
MISO said its nine-year effort to replace its market platform will exceed original budget contingencies and won’t be completed until 2028, three years later than previously predicted.
EDF Renewables
Report: Big Beautiful Bill to Increase Power Prices in NYISO, PJM
A new analysis of the One Big Beautiful Bill Act from Aurora Energy Research found that the bill likely will increase wholesale power prices in NYISO and PJM.
PG&E
Western Utilities Set Sights on RTO After DAM Choice
Four Western utility executives participating in an Energy Bar Association webinar presented their reasoning for why they ultimately chose either SPP’s Markets+ or CAISO’s EDAM, with some eyeing the creation of a full regional transmission organization in the future.

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