Virtual Transactions
FERC approved Tariff revisions intended to relieve costs for MISO resources pseudo-tying into PJM despite criticism that they didn't go far enough.
FERC agreed with Monterey MA that PJM failed to provide information on two real-time repricing events but rejected the company’s request for refunds.
A proposal to revise PJM’s credit requirements for financial transmission rights in response to the historic GreenHat Energy default will be delayed.
FERC rejected requests for rehearing of its ruling reducing the number of bidding nodes for virtual transactions in PJM, and upheld its rejection of the RTO’s proposal to allocate uplift to UTCs.
The SPP Board of Directors approved a Tariff change requiring non-dispatchable variable energy resources (NDVERs) to register as dispatchable (DVERs).
Fernandez told the PJM MIC that his staff are still completing calculations for retroactively reallocating costs for certain transmission projects.
PJM’s Market Implementation Committee approved manual revisions reducing the number of virtual bidding locations by almost 90%.
ETRACOM agreed to pay $1.9 million to settle allegations that it manipulated CAISO markets in a scheme that netted the company $315,000 in profits.
While structural issues persist, PJM's markets were competitive in 2017, the RTO's Market Monitor said Thursday contradicting concerns from PJM and some stakeholders that prices are unsustainably low.
FERC approved the PJM proposal to reduce by almost 90% the number of bidding locations for virtual transactions.
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