Financial Transmission Rights (FTR)
Stakeholders at the Markets and Reliability Committee meeting declined to endorse any proposals to revise PJM’s capacity model.
FERC approved the request from SPP to issue price corrections and resettlements stemming from the OPPD retirement of its Fort Calhoun nuclear plant.
PJM’s Tim Horger provided an update on the RTO’s efforts to comply with the FERC plan on fast-start resources at the Market Implementation Committee meeting.
The Dec. 21 FERC order requiring SPP to help fast-start resources set LMPs added one more to-do for the RTO in what is shaping up to be a busy 2018.
PJM stakeholders endorsed examining the aggregation rules for seasonal demand response, but not before thoroughly questioning EnerNOC.
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee on Dec. 21, 2017.
The Market Monitors for CAISO and PJM told a House subcommittee that their respective financial transmission rights markets are significantly flawed.
PJM presented the Planning Committee with issues it sees with its current process for evaluating market efficiency projects.
PJM’s markets were competitive in the first nine months of the year, the Independent Market Monitor found in its quarterly State of the Market Report.
FERC again ordered SPP to rewrite its rules on auction revenue rights (ARRs) and long-term congestion rights (LTCRs).
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