auction revenue rights (ARRs)
MISO’s Independent Market Monitor reported that the RTO’s financial transmission rights market came up short by more than $60 million this spring.
A financial consulting firm said that MISO’s auction revenue rights and financial transmission rights market needs updating to keep up with the changing grid.
SPP staff have chosen a hybrid approach to improve its transmission and congestion-hedging markets, focusing on equitably allocating congestion rights first.
SPP is taking another crack at adding counterflow optimization to the congestion-hedging process following a late-August workshop.
PJM's real-time LMPs and congestion costs both spiked in the first half of 2022, driven by increasing fuel prices and loads, the IMM reported.
PJM's MIC OK'd rules on accounting for PTC/REC revenue and dealing with long-term market suspensions and discussed a loophole allowing CTs to ignore dispatch.
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.
A joint PJM-stakeholder proposal to address the RTO’s auction revenue rights and financial transmission rights won endorsement at the MRC meeting.
A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings on Oct. 20, 2021.
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