reserve margins
The ERCOT board learned that Lubbock Power & Light’s potential transition from SPP could result in as much as $77 million in increased production costs.
MISO predicts it will have double its required winter reserve margin, due in part to increased north-south transfer capacity and improved emergency pricing.
With the spring season underway, the MISO Markets Committee of the Board of Directors reviewed this past winter and the upcoming summer.
Reducing SPP’s current 13.6% reserve margin to 12% could cut required capacity by about 1,000 MW, saving $86 million annually and $1.3 billion over 40 years.
MISO stakeholders discussed the many challenges to the RTO's resource adequacy at its Market Summit last week.
A new report by Morningstar predicts on-peak prices at PJM’s West Hub will result in “historically high” spark spreads in delivery year 2015-16.
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