ISO/RTO leaders explained the issues facing their markets and took some questions from members, with subjects like FERC's independence and the recent capacity price spikes in PJM coming up.

The Markets and Reliability Committee endorsed PJM's recommended installed reserve margin and forecast pool requirement values for the 2026/27 Base Residual Auction.

FERC's State of the Markets report showed lower wholesale energy prices but growing demand and higher capacity prices that signal a need to meet the coming load.

The NYISO Business Issues Committee approved, in concept, implementation of the ISO’s new firm fuel election process and requirements as part of its changes to capacity accreditation.

PJM’s markets provided reliable service in 2024, but tightening supply and demand are laying bare design flaws that have inhibited the competitiveness of the RTO’s markets, the Independent Market Monitor wrote in its 2024 State of the Market Report.

ISO-NE provided stakeholders with a high-level overview of its proposed prompt capacity market design and discussed several other aspects of its capacity auction reform project at a two-day meeting of the NEPOOL Markets Committee.

NYISO and its stakeholders continued their review of the capacity market’s structure with at-times philosophical debate on the market’s purpose in New York

New England energy market revenues increased by roughly 150% in the winter of 2024/25 compared to the prior winter.

MISO estimates its savings and efficiencies benefited its members to the tune of just over $5 billion over 2024.

The House Energy and Commerce Subcommittee on Energy looked into demand growth, which both parties recognized as an opportunity that could benefit policy changes, though plenty of daylight exists on how to address it.