Markets
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Average load-weighted electricity prices in PJM fell by around half in 2023, the Independent Market Monitor said in its annual State of the Market Report.
CAISO
CAISO stakeholders and staff could soon be weighing two options for enabling the EDAM to track GHGs in a way that accommodates the patchwork of different carbon reduction programs across Western states.
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FERC rejected Tri-State Generation and Transmission Association’s proposed rates, ruling that the cooperative failed to unbundle ancillary services as has been required since 1996.
West-Wide Governance Pathways Initiative
The West-Wide Governance Pathways Initiative has secured commitments of financial support from 24 utilities and other electricity-sector organizations and expects that list to grow.
Analysis Group
The NYISO Business Issues Committee approved proposed tariff changes to allow energy storage resources co-located with a dispatchable generator behind a single point of interjection to participate in the markets.
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The 3rd Circuit vacated FERC’s order allowing PJM to revise a capacity market parameter for the DPL South zone after the 2024/25 auction had been conducted but prior to the publication of its results, ruling that it constituted retroactive ratemaking.
ISO-NE
ISO-NE presented the NEPOOL Markets Committee with additional results of the impact analysis for the RTO’s resource capacity accreditation project, which looked at how changes to the resource mix would affect the seasonal distribution of shortfall risks.
U.S. House Committee on Oversight and Accountability
Former FERC Commissioner James Danly told a House Oversight subcommittee that federal subsidies overvalue some resources, while undervaluing others, putting the future of the grid at risk.
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FERC released its fiscal year 2025 congressional justification, which would have the agency fund itself with $532 million from fees and annual charges assessed to entities it regulates.
ISO-NE
The NEPOOL Markets Committee approved an additional two-year delay of ISO-NE’s Forward Capacity Auction 19 to develop and implement a new seasonal capacity auction.
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