June 14, 2024

price formation

CAISO, WEIM Boards Approve Proposal to Raise Offer Cap
CAISO’s Board of Governors and WEIM Governing Body unanimously voted to approve an expedited proposal to increase the ISO’s soft offer cap from $1,000/MWh to $2,000.
CAISO Revises Policy Roadmap to Highlight Priorities
CAISO revamped its policy initiatives roadmap to reflect its to top strategic goals including ensuring resource adequacy and expanding its Western market role.
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PJM Market Implementation Committee Briefs: Sept. 7, 2022
The PJM Market Implementation Committee narrowly rejected a proposed issue charge from curtailment service provider CPower Energy Management.
FERC Clarifies Order on PJM Reserve Market Changes
FERC clarified that its order on remand partially reversing PJM’s proposed energy price formation revisions did not remove the RTO’s reserve price caps.
FERC Approves PJM Reserve Market Overhaul
FERC approved PJM’s proposed energy price formation revisions, agreeing with the RTO that its reserve market was not functioning as intended.
PJM MIC Briefs: Aug. 7, 2019
PJM told the MIC it will not file waivers for upcoming capacity auction deadlines and will rely on FERC to issue an order on its MOPR.
Monitor: PJM Simulation Underestimates ORDC Impact
PJM’s Market Monitor said the RTO’s updated simulation results for energy price formation underestimate the impact of its operating reserve demand curve.
PJM Files Energy Price Formation Plan
PJM filed its energy price formation proposal with FERC after a yearlong discussion with stakeholders produced no consensus.
Rushing Price Formation Filing Unwise, AMP Tells PJM
American Municipal Power said that PJM’s rush to file its energy price formation proposal with FERC leaves the door open for design flaws.
PJM Advances Own Energy Price Formation Plan
The PJM Board of Managers agreed to submit staff’s revised energy price formation proposal for FERC approval, CEO Andy Ott said.

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