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July 23, 2024

State of the Market report

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MISO Monitor Spotlights Congestion Fixes, Market Mismatches in 2023
MISO’s Independent Market Monitor debuted six new market recommendations this year as part of his annual State of the Market report.
Potomac Economics
NYISO Monitor: NYC Capacity Costs Rose 221% in Q1
New York City saw a 221% increase in capacity costs in the first quarter due to the retirement of 600 MW in peaker plants and the increase of more than 300 MW in the local installed capacity requirement.
Potomac Economics
NEPOOL Holds Summer PC Meeting amid New England Heat Wave, Climate Protests
NEPOOL held its annual summer Participants Committee meeting in New Hampshire during a multiday stretch of extreme heat and high demand on the New England grid.
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PJM Monitor Finds Markets Overall Competitive
Average load-weighted electricity prices in PJM fell by around half in 2023, the Independent Market Monitor said in its annual State of the Market Report.
CAISO
DMM: CAISO Transfer Limitations During Q3 Heat Waves Led to Price Disparities
CAISO's Department of Market Monitoring found that limits on WEIM imports last year led to increased transmission congestion in the ISO's markets.
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MISO Shelves IMM’s Transmission Planning Recommendation in State of the Market Report
MISO plans to handle four of the five recommendations from the Independent Market Monitor’s State of the Market report, putting on hold a recommendation regarding transmission planning.
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MISO Monitor Again Sounds Alarm on Long-range Tx Planning
MISO IMM David Patton appeared before the Market Subcommittee to again criticize the future resource mix assumptions MISO is using to craft a second long-range transmission plan.
NextEra Energy
MISO IMM Zeroes in on Tx Congestion in State of the Market Report
MISO’s IMM debuted five new recommendations as part of his annual State of the Market Report, as multiple suggestions were aimed at maximizing transmission utilization by clamping down on wind-related congestion.
ERCOT
ERCOT Monitor Recommends New Market Design in Report
ERCOT's Independent Market Monitor’s annual market report recommends resurrecting a multi-interval, real-time design, among other things.
Potomac Economics
NYISO MMU Calls for Improved Shortage Pricing, More Capacity Zones
NYISO needs to improve shortage pricing and create smaller capacity zones, the ISO’s market monitoring unit reports in its 2022 State of the Market report.

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