Texas lawmakers and ERCOT stakeholders did not hold back as they took their first shots at state regulators' proposed redesign of the market.

Keynoting the Energy Bar Association Texas Chapter’s Energy Symposium, Lori Cobos said ERCOT stakeholders will soon get a look at the market’s redesign.

MISO hopes to fold its stakeholder group dedicated to loss of load estimates into its resource adequacy subcommittee by year’s end, but stakeholders disapprove.

MISO plans to subdivide its annual capacity auction by seasons to better manage reliability risks caused by renewables’ growing share of the resource mix.

In an effort to avoid an increase in emergency operating conditions, MISO plans to develop a new direction for its capacity auction.

PJM stakeholders unanimously endorsed proposed changes to the 2021 day-ahead scheduling reserve requirement and winter weekly reserve target.

Conventional capacity resources in MISO will now have to prove full deliverability before collecting maximum capacity credits, FERC said.

MISO should have adequate capacity to navigate winter but could still face abnormal weather-related outages or a load-shedding event.

PJM stakeholders endorsed an installed reserve margin of 14.4%, down from 14.8% in 2019, along with new winter weekly reserve targets.

MISO's resource adequacy staff is considering multiple options to implement a sub-annual capacity mechanism.