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July 23, 2024

energy market offer cap

Mixed Ruling for PJM on Fast-Start Pricing
FERC ordered PJM to make an additional compliance filing on its rules for fast-start resources, saying the RTO’s proposal gave itself too much discretion.
Consumers Energy
MISO Gets 5th Winter Waiver of Offer Cap
Midcontinent ISO now has a fifth wintertime waiver of its $1,000/MWh offer cap in hand after FERC approved the RTO’s request on Nov. 16.
© RTO Insider
PJM Markets and Reliability Committee Briefs: May 24, 2018
PJM and the Monitor presented members with separate proposals to revise the long-term financial transmission rights market.
NYISO
NYISO Business Issues Committee Briefs: Feb. 14, 2018
NYISO power prices surged to an average of $99.55/MWh in January, up 89% from December and 148% from the same month a year ago.
NYISO
NYISO Management Committee Briefs – August 30, 2017
NYISO locational-based marginal prices (LBMPs) have averaged $36.35/MWh for the year through July, a 12% increase from a year earlier.
FERC’s Artful Balance: Price Formation and Consumer Protection that Works
The FERC proposal to apply a new offer cap construct uniformly across the markets is a good and fair solution, ConEdison argues.
PJM MRC Members Committee Briefs
A summary of issues discussed at the PJM MRC and Members Committee meeting on Jan. 28, 2016.
MISO: No Change to Energy Offer Cap this Winter
MISO will not raise its energy offer cap for the coming winter but will ask FERC to approve another waiver allowing recovery of costs above $1,000/MWh through uplift.
MISO Considering Raising Energy Offer Cap
MISO said it may increase its energy market offer cap to $1,500/MWh this winter in response to expected FERC action.
PJM Members OK $2,000/MWh Energy Market Offer Cap
The PJM Markets and Reliability Committee voted overwhelmingly Thursday to raise the energy market offer cap to $2,000/MWh in a move that outgoing CEO Terry Boston called “the stakeholder process at its best.”

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