value of lost load (VoLL)
The Texas PUC rejected ERCOT’s proposed budget and administration fee increase, agreeing instead to more incremental growth in its revenues.
MISO will jettison the most inexpensive step of its operating reserve demand curve, explaining that $200/MWh pricing is too low during shortage conditions.
MISO's Oct. 7 Market Subcommittee covered FTR market concerns and a customer ask for better load forecasting data.
The MISO Market Subcommittee meeting ran the gamut of storage participation, discovery of a longstanding energy pricing error and FTR underfunding.
ERCOT’s Market Monitor released its annual State of the Market report for 2020, finding that the wholesale market performed competitively in 2020.
MISO hopes to have a more nuanced pricing plan before the next hurricane contorts transmission towers.
MISO said it will soon present proposals for reformulating its VoLL while its IMM once again urged the RTO to nearly triple the current value.
After Hurricane Laura’s landfall, MISO is questioning whether its value-of-lost load should be used to price energy during extraordinary weather events.
In 2020 MISO managed remotely, redefining reliability standards, reorganizing its capacity market and launching a long-term transmission planning effort.
Fall in MISO was a study in record wind production, but it came with a price, as it produced more than half of the quarter’s real-time congestion.
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