IESO continued a smooth rollout of Ontario's nodal market, launching a financially binding day-ahead market.

IESO is scheduled to launch its new nodal market May 1, a change it says will save Ontario $700 million over the next decade through reduced out-of-market payments and increased efficiency.

Members agreed last week to consider changing credit requirements for virtual transactions in January and February 2015 despite opposition from PJM.

A proposal to allow intra-year switching to nodal pricing failed, falling just short of the two-thirds vote needed for approval.

RTO Insider's monthly preview of the items on the PJM MC and MRC agendas along with a description/explanation and links to our previous coverage.

PJM TOs flexed their muscles Wednesday, uniting to reject proposals to allow network load customers more frequent opportunities to switch to nodal pricing.