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June 24, 2024

Vitol

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RF Levies $30K Penalty for Twin Ridges Oversights
ReliabilityFirst's penalty settlement comes as the Twin Ridges facility transitions to its third owner in four years.
Gridwell Consulting
Congestion Revenue Rents Still Underfunded, CAISO DMM Says
Congestion revenue rights auctions averaged $62 million in losses between 2019 and 2023, down nearly $50 million since changes were implemented in 2019 but “still very high,” said CAISO’s Department of Market Monitoring.
© RTO Insider LLC
PJM PC/TEAC Briefs: April 2, 2024
The PJM Planning Committee is considering a change to an issue charge framing a discussion on how capacity interconnection rights can be transferred from a retiring generator to a planned resource in the interconnection queue.
© RTO Insider LLC
PJM MRC/MC Briefs: Feb. 22, 2024
A group of demand response providers in PJM proposed adding two hours to the availability window that binds when the resource can be deployed by the RTO.
PJM
PJM: Grid Performed Well During January Winter Storm
PJM said the grid maintained reliability through nearly a week of harsh winter conditions during the winter storm that blanketed much of the nation in mid-January.
FERC
Vitol to Pay $2.3M for CAISO Market Manipulation
FERC approved $2.3 million in penalties against Vitol and one of its traders for manipulating CAISO's market in 2013 to limit losses stemming from the firm's congestion revenue rights position.
Shutterstock
Mystic Cost Worries Highlight NEPOOL PC Meeting
A group of New England suppliers is raising worries about the costs of the cost-of-service agreement between ISO-NE and the Mystic Generating Station.
PJM MIC Briefs: Oct. 16, 2019
PJM’s concerns over FTR underfunding on projects with incremental auction revenue rights won’t be addressed through any Operating Agreement revisions.
Rehearing Denied on PJM’s FTR Mark-to-Auction Rule
FERC denied a rehearing request of PJM’s mark-to-auction provision, which gives PJM leverage to secure collateral for declining portfolios in its FTR market.
FERC Proposes $6.8M Fine for CAISO Market Manipulation
FERC ordered Vitol and a senior trader to show cause why they should not be fined for manipulating CAISO’s market to limit losses on the company’s CRRs,

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