Financial Transmission Rights (FTR)
The PJM MIC endorsed a proposal to increase the maximum number of bids a single corporate entity can place in the RTO’s financial transmission rights auctions.
NYISO’s Management Committee approved tariff revisions and received briefings on the ISO’s winter supply outlook and its updated Strategic Plan.
PJM's MRC rejected two proposals intended to allow market sellers to represent a greater degree of the risk they take on when entering the capacity market.
SPP is taking another crack at adding counterflow optimization to the congestion-hedging process following a late-August workshop.
Load interests continued to oppose PJM’s proposal to change the market seller offer cap, a month after it failed to meet the two-thirds endorsement threshold.
The principals of GreenHat Energy will pay PJM $1.4 million to settle claims over the company’s FTR market default, which cost members nearly $180 million.
PJM's real-time LMPs and congestion costs both spiked in the first half of 2022, driven by increasing fuel prices and loads, the IMM reported.
FERC wants more information to determine whether it should require a 99% confidence level in setting collateral for FTR traders or the 97% level PJM sought.
FERC proposed allowing RTOs to share credit information about market participants, fulfilling a request the grid operators made at a 2021 technical conference.
PJM responded to its Market Monitor’s latest recommendations, noting that many of the issues are in the scope of current stakeholder discussions.
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