Capacity Market
PJM’s minimum offer price rule is living on borrowed time if the comments at FERC’s technical conference on capacity markets are any guide.
FERC found the tax relief granted to a solar farm being constructed in Virginia does not fall under PJM’s MOPR or qualify as a state subsidy.
FERC ordered PJM to revise its market seller offer cap to prevent sellers from exercising market power in the RTO’s capacity market.
PJM stakeholders endorsed an issue charge regarding the allocation of capacity transfer rights after delaying the vote last month.
SPP raked in another $27.87 million in market-to-market settlements from MISO during December and January, pushing its total to $168.11 million.
While it warns of more system risk in the coming years, MISO is preparing for an unremarkable spring and a routine capacity auction.
FERC explained why it would not reconsider revenue calculations in PJM’s capacity market, saying it did want to further delay the RTO's upcoming auction.
PJM’s Monitor sounded alarms about market power in the energy and capacity markets and said it may intervene in the RTO’s next capacity auction.
FERC sent ISO-NE a deficiency notice regarding the RTO’s proposed rule revisions for capacity auction values, the NEPOOL Participants Committee heard.
FERC approved revisions to the ISO-NE tariff on recalculating the dynamic delist bid threshold for the Forward Capacity Auction.
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