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December 5, 2025

Virtual Transactions

IESO
Ontario Nodal Market Nearing ‘Steady State’ After Nearly 4 Months
IESO officials say they are shifting from correcting implementation problems to seeking structural improvements in their nodal market.
© RTO Insider LLC
ERCOT Technical Advisory Committee Briefs: July 30, 2025
ERCOT says all systems are go — or more specifically, green — and early market trials have been successful as the Real-time Co-optimization plus Batteries project barrels to its Dec. 5 go-live date. 
IESO
Ontario Nodal Market Operating as Expected at 1-month Mark

Ontario’s nodal market is showing promise one month after its launch, with improved price certainty, increased day-ahead trading and LMPs reflecting expected congestion patterns, IESO officials say.

Calpine
DOJ Seeks PJM Market Data for Review of Constellation-Calpine Merger
As part of its review for the Constellation-Calpine merger, DOJ asked PJM for a major trove of market data as it looks into the region where the two firms' operations overlap the most.
Yes Energy
Ontario Introducing Nodal Market May 1
IESO is scheduled to launch its new nodal market May 1, a change it says will save Ontario $700 million over the next decade through reduced out-of-market payments and increased efficiency.
BC Hydro
Hydro Fuels Uptick in CAISO Exports, Market Monitor Reports
CAISO’s net energy exports have increased sharply this year, with imports being displaced by increased output from California’s hydroelectric and natural gas resources.
© RTO Insider LLC
FERC Rebuffs PJM, SPP on FTR Credit Rules

FERC remained dissatisfied with PJM’s and SPP’s FTR credit policies, while ending inquiries into those of CAISO, ISO-NE and NYISO.

© RTO Insider LLC
SPP Markets+ Stakeholders Begin Tariff’s Development
Potential SPP Markets+ participants democratically endorsed the first pieces of the day-ahead market’s tariff, acquiring a taste of the grid operator’s stakeholder process at the same time.
Monitoring Analytics
DC Circuit Upholds FERC on PJM FTR Rule
The D.C. Circuit upheld FERC’s decision to OK PJM’s FTR forfeiture rule without ordering refunds under previous rules implemented without commission approval.
© RTO Insider LLC
FERC Approves Termination of FTR Trader’s Member Status
FERC granted PJM’s request to terminate the membership of Hill Energy Resource & Services following the company’s failure to pay invoices on time in 2022.

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