Financial Transmission Rights (FTR)
Stakeholders endorsed a joint PJM/Independent Market Monitor proposal addressing fuel-cost policy standards at a Market Implementation Committee meeting.
PJM has proposed changes to a stakeholder-endorsed proposed on solar-battery hybrid resources after consulting with FERC staff.
FERC determined that GreenHat Energy and its owners violated the Federal Power Act by “engaging in a manipulative scheme” in PJM’s FTR market.
Stakeholders at last week’s MIC meeting heard PJM's plan to deal with the adoption of an undefined regulation mileage ratio proposal.
A joint PJM-stakeholder proposal to address the RTO’s auction revenue rights and financial transmission rights won endorsement at the MRC meeting.
The estate of GreenHat owner Andrew Kittell moved that FERC drop its enforcement action and investigate two of its employees for improper communication.
PJM stakeholders endorsed tariff revisions implementing rules related to initial margining
for FTR obligations.
PJM stakeholders endorsed manual revisions implementing fast-start pricing even after some members questioned one of the changes.
The MISO Market Subcommittee meeting ran the gamut of storage participation, discovery of a longstanding energy pricing error and FTR underfunding.
FERC rejected the FTR forfeiture rule PJM has been using for more than four years, saying it and could discourage legitimate hedging activity.
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