Energy prices in PJM increased by 75.5% in the first quarter of 2022 from a year ago, the Market Monitor reported, driven primarily by higher fuel costs.

FERC denied PJM’s rehearing request of its rejected FTR credit requirement calculation, but it said it would address the RTO’s arguments in a future order.

SPP’s Board of Directors approved the RTO’s fourth competitive transmission project, awarding a $55 million, 345-kV facility to NextEra Energy Transmission.

SPP stakeholders have rejected a recommendation to stick with the status quo when it comes to adding counterflow optimization to the congestion-hedging process.

PJM asked FERC to rehear a decision that rejected the RTO’s plan to modify its financial transmission rights credit requirement calculation.

FERC accepted PJM’s revisions intended to increase transparency into and the efficiency of the RTO’s ARR and financial FTR markets.

FERC rejected PJM’s proposal to modify the FTR rights credit requirement and opened a show-cause proceeding to examine the existing requirement.

FERC accepted PJM’s new FTR forfeiture rule without ordering refunds of bills under the previous regime the RTO implemented without commission approval.

PJM is requesting input from stakeholders on a course of action after a member defaulted on its portfolio in the financial transmission rights market.

SPP’s MMU is “strongly” recommending that TCRs' funding shortfall be considered a high-priority item, according to its latest quarterly market reports.