Capacity Market
Stakeholders are divided on whether MISO has conducted enough analysis to justify adopting seasonal capacity auctions and loss-of-load expectation studies.
Prompted by Direct Connect and its proposed SOO Green project, PJM stakeholders agreed to consider integrating HVDC converters as a capacity resource.
The PJM MRC endorsed a proposal to allow market participants to use surety bonds as collateral for all market purposes except financial transmission rights.
Potomac Economics’ 2019 State of the Market Report for NYISO adds five recommendations while concluding the ISO’s markets “performed competitively” in 2019.
Utility executives urged MISO to prepare for the imminent change sweeping the grid with the increased adoption of renewable and distributed resources.
FERC rejected requests to change PJM’s capacity market rules to accommodate seasonal resources.
PJM’s testing rules for pseudo-tied resources lack "sufficient notice and transparency," FERC ruled, ordering Tariff changes.
The New Jersey BPU received dozens of comments on how it should respond to PJM's expanded MOPR. State regulators initiated the investigation to determine if staying in the capacity market will increase consumer costs or impede the state's goals of 100% clean energy sources by 2050.
Analyses that predict increased costs for regions that exit PJM’s capacity market should be redone to presume maximizing imports to counter local market power.
FERC approved PJM’s proposed energy price formation revisions, agreeing with the RTO that its reserve market was not functioning as intended.
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