ERCOT is poised to start testing real time co-optimization of energy and ancillary services in a few weeks and bring the change live this December, which will mark the biggest paradigm shift in Texas' wholesale markets in 15 years.

FERC gave MISO the go-ahead to set its value of lost load at $10,000/MWh by early fall, nearly three times as high as the current $3,500/MWh value.

MISO says its extensive analysis shows its current $3,500/MWh value of lost load should be raised to $10,000/MWh.

ERCOT stakeholders endorsed the charter and leadership for a task force that will report to the Technical Advisory Committee and provide recommendations on real-time co-optimization and energy storage resources’ state of charge.

During its first open meeting since the recently concluded legislative session, the Public Utility Commission of Texas discussed its next steps in changing the ERCOT market.

The PJM Market Implementation Committee overwhelmingly voted to endorse manual revisions to put limits on when generators can submit real-time values.

ERCOT stakeholders have thrown their support behind staff’s recommended changes to the ORDC that will serve as a bridge to regulators' proposed market design.

ERCOT is looking at a revised operating reserve demand curve and additional ancillary services to bridge the proposed performance credit mechanism.

ERCOT stakeholders have scheduled three workshops to reach agreement with staff on bridging alternatives until a market redesign is in place.