NYISO locational-based marginal prices averaged $40.31/MWh in Dec., down by about 7% from Nov. and slightly more than 30% from the same month a year ago.

Shell Energy came to the Market Implementation Committee to make its case against PJM recovering charges from FTRs it purchased from failed GreenHat Energy.

The PJM Board of Managers asked stakeholders for patience with the board’s ongoing investigation into the default of GreenHat Energy’s FTR portfolio.

The PJM Market Implementation Committee will discuss indemnification for financial transmission rights bilateral contracts at its Jan. 9 meeting.

CAISO’s efforts to rein in congestion revenue rights insufficiencies seemed to show progress, but fell short in the last months of 2018.

Stakeholders endorsed revisions that would align PJM’s price-responsive demand rules with the Capacity Performance construct.

FERC approved some of the flexibility PJM has sought to address after the historic GreenHat Energy financial transmission rights portfolio default.

Public Citizen is urging the Commodity Futures Trading Commission to start overseeing PJM’s embattled financial transmission rights market.

FERC has accepted CAISO’s revised proposal to protect electricity ratepayers from funding shortfalls in the ISO’s congestion revenue rights market.

The PJM Monitor remains unconvinced that performance metrics during localized load sheds should be used to calculate capacity market default offer caps.