Capacity Market
AEP Ohio told PJM vegetation was a likely cause of the transmission failures that left more than 240,000 customers without power after storms in June.
At the first in-person MRC meeting since the pandemic, PJM faced opposition to proposals regarding FERC filings and a change to the capacity offer cap.
A Brattle Group report weighed in with recommendations for capacity accreditation as ISO-NE and NEPOOL revamp how they value energy resources' contributions.
The company behind a Massachusetts gas plant agrees to pay a $17 million penalty and hand back $26 million in profits after FERC found that it misled ISO-NE.
MISO expects the savings it delivers to its members under a resource sharing pool to more than triple within 20 years.
MISO's board may be coming around to the idea of using a sloped demand curve to price capacity as the RTO confronts the possibility of resource shortages.
Fletcher, CC BY-SA 4.0, via Wikimedia Commons
FERC is investigating ISO-NE’s role in alleged fraud by a project developer taking part in the RTO’s capacity market, the grid operator disclosed.
Ex-FERC Commissioners Norman Bay and Colette Honorable told war stories and commented on recent commission rulemakings at a forum on energy storage policy.
Gas- and coal-fired generators said the sharp price drop in PJM’s 2023/24 capacity auction shows the RTO’s long-term reliability is at risk.
Capacity prices dropped by one-third to almost one-half in PJM’s auction for 2023/24, likely depressed by the end of the MOPR and a tougher price cap.
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