NYISO presented its Market Operations and Broader Regional Markets reports to the Business Issues Committee.

The PJM MRC was largely unconvinced when financial traders wanted to defer a vote on a set of rule changes on virtual transactions.

The PJM Board of Managers responded to accusations leveled by up-to-congestion trader XO Energy, defending the grid operator’s practices.

PJM stakeholders approved by acclimation amendments brought by the Monitor and issue charge to address minimum tank suction level costs.

UTC Trader XO Energy accused PJM of unfairly discounting the interests of up-to-congestion traders in recent uplift rule changes.

PJM stakeholders agreed to update pseudo-tie rules, move quickly on efforts to reduce uplift and create a new Security & Resiliency Committee.

FERC proposed regulations intended to reduce uplift costs, allocate it more accurately and increase transparency.

A summary of measures approved by the PJM Markets and Reliability Committee on Dec 22.

The PJM Market Monitor reported that capacity and regulation market results were “generally competitive” in the first 9 months of 2016, but remain vulnerable to stress.

The latest ISO-NE briefing on its ongoing economic study focused on the shortfall of energy market revenues, prospects for storage and meeting RPS goals.