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CAISO revamped its policy initiatives roadmap to reflect its to top strategic goals including ensuring resource adequacy and expanding its Western market role.
A recent New York Times article rekindled the debate over RTO markets and electric deregulation and a Harvard study released last month provides new ammunition.
The MIC approved an initiative to change the determination of zonal load bus distribution factors and heard first read on changes to VOM cost development.
FERC clarified that its order on remand partially reversing PJM’s proposed energy price formation revisions did not remove the RTO’s reserve price caps.
The PJM MRC and MC approved several initiatives at their meetings, including a new task force to examine the alignment of the gas and electric markets.
FERC on Thursday approved PJM’s proposed energy price formation revisions, agreeing with the RTO that its reserve market was not functioning as intended (EL19-58, ER19-1468). "PJM made a persuasive case that its current reserve market design must be overhauled," Chairman Neil Chatterjee said during the commission’s monthly open meeting, held...
VALLEY FORGE, Pa. — PJM staff told the Market Implementation Committee on Wednesday that they will not file waivers for upcoming capacity auction deadlines and will instead rely on FERC to issue an order on its minimum price offer rule (MOPR) before the end of the year. Pat Bruno, PJM...
By Christen Smith PJM’s Independent Market Monitor said the RTO’s updated simulation results for energy price formation understimate the impact of its operating reserve demand curve (ORDC). In its own analysis released Friday, the Monitor said PJM’s decision to rely on dispatch conditions that allow the software to decommit resources...
By Christen Smith PJM filed its energy price formation proposal with FERC on Friday, after a yearlong discussion with stakeholders produced no consensus. The RTO said its plan — submitted unilaterally under Section 206 of the Federal Power Act — appropriately values energy reserves during times of stress. It said...