June 06, 2023

Items Tagged with 'ISO/RTO Council (IRC)'

ARTICLES

FERC Sets Tech Conference on RTO Credit Policies

Nov 4, 2020
Rich Heidorn Jr.
FERC announced Wednesday it will hold a staff-led technical conference Feb. 25-26 on best practices for managing credit risks in organized wholesale electricity markets, an effort to prevent a repeat of PJM’s GreenHat Energy default (AD21-6, AD20-6). The conference, which was requested by the Energy Trading Institute (ETI) last December,...
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RTO Council Credit Rulemaking

RTO Council Balks at Credit Rulemaking

Jan 27, 2020
Rich Heidorn Jr.
By Rich Heidorn Jr. The ISO/RTO Council asked FERC on Friday to reject financial traders’ request for a rulemaking to update RTO credit policies, saying it would upset stakeholder proceedings on the issue. The Energy Trading Institute asked the commission on Dec. 16 to schedule a technical conference by March...
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IRC: Renewables’ Future Depends on Grid’s Ability to ‘Accommodate’

Mar 20, 2017
Tom Kleckner
By Tom Kleckner North America’s independent grid operators released a report Thursday that concludes the “ongoing effectiveness” of renewable technologies will depend directly upon the electric system’s ability to “accommodate them.” The ISO/RTO Council (IRC)’s report, “Emerging Technologies: How ISOs and RTOs can create a more nimble, robust bulk electricity...
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cftc, ferc, electric industry

CFTC to Add ‘Private Rights’ to RTO Exemption

May 12, 2016
Tom Kleckner
By Tom Kleckner The U.S. Commodity Futures Trading Commission said Tuesday that it is amending its 2013 order exempting RTO energy transactions from certain provisions of the Commodity Exchange Act to clarify that it does not bar private rights of action. The proposed amendment, approved in a 2-1 vote, would...
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offer cap

PJM Seeking RTO Consensus on Offer Cap Increase

Dec 22, 2014
By Suzanne Herel PJM is seeking to reach a consensus with neighboring RTOs on a long-term increase in the $1,000 energy offer cap. PJM CEO Terry Boston said that he proposed a joint approach to ISO-NE and NYISO at an ISO/RTO Council Markets Committee meeting last week. Boston said he...
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