FERC Order 825
FERC ordered PJM to revise its market seller offer cap to prevent sellers from exercising market power in the RTO’s capacity market.
FERC approved SPP’s proposed Tariff revisions to eliminate a gaming opportunity related to regulation deployment adjustments.
FERC approved SPP’s operating reserves proposal but said the RTO should respond to criticism about scarcity pricing avoidance.
FERC accepted SPP’s proposed Tariff revisions related to shortage pricing.
At the PJM Operating Committee, the RTO announced that next January it will release an RFP for new black start units intended to begin operation in 2020.
FERC did not act on PJM’s proposed changes to its shortage pricing, so revisions for how to handle transient shortages will go into effect May 11.
Aside from endorsing some revisions, PJM stakeholders rejected or deferred votes at the Markets and Reliability Committee and Members Committee meetings.
A summary of the issues scheduled to be brought to a vote at the Markets and Reliability and Members committees meetings Feb. 23, 2017.
The MISO Market Subcommittee discussed FERC's recent order on energy storage and December's spike in revenue sufficiency guarantee payments.
The PJM Market Implementation Committee endorsed two proposed Manual 11 revisions related to shortage pricing, both of which were developed in response to FERC Order 825.
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