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.

MISO will prototype its proposed short-term reserve product to demonstrate cost and benefits to its members.

PJM faced several high load forecasts and hot weather alerts last month but never had to take emergency procedures, the Operating Committee learned.

The PJM Board of Managers directed staff to identify changes to improve reserve market pricing that can be implemented for next winter.

PJM will hold its spring restoration drill May 15-16, staff told attendees at last week’s Operating Committee meeting.

MISO’s market planners outlined a potential 30-minute reserve product to reduce uplift and multiday generator commitments to cut production costs.