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March 1, 2025

Markets

Pennsylvania PUC
Pennsylvania PUC Examines PJM’s Tightening Reserve Margin
Pennsylvania regulators hosted several panels to discuss PJM's tightening reserve margins and how the PUC should respond to the situation, which at least promises more high prices in the near future before new supplies can come online.
© RTO Insider LLC 
BANC Signs Agreement to Join EDAM
The Balancing Authority of Northern California became the third entity to formally join CAISO’s Extended Day-Ahead Market, following PacifiCorp and Portland General Electric.
Salt River Project
4 Arizona Utilities Commit to Joining Markets+
The joint announcement by APS, SRP, TEP and UniSource Energy marks a significant win for SPP after a string of victories for CAISO’s competing Extended Day-Ahead Market.
© RTO Insider LLC
PJM Stakeholders Wary of Expedited Interconnection Proposal
Stakeholder opinions were sharply divided at the PJM Members Committee’s meeting regarding RTO proposals to allow high capacity factor resources to be sped through the interconnection queue and revise aspects of the capacity market. 
© RTO Insider LLC 
PJM MRC/MC Briefs: Nov. 21, 2024
The PJM Markets and Reliability Committee voted to endorse a proposal to create an expedited process to study some interconnection requests.
Oklahoma Municipal Power Authority
FERC Rules Against SPP Multiday Commitment Proposal
FERC rejected SPP’s proposed tariff revisions to implement a multiday economic commitment process, agreeing with the MMU that it introduces a potential gaming opportunity.
© RTO Insider LLC 
Amid Praise for Pathways Step 2 Milestone, Skeptics Remain Unmoved
The Pathways Initiative drew praise from many quarters with the vote to approve its “Step 2” proposal, but it was quickly apparent the development will do little to sway Markets+ supporters.
© RTO Insider LLC 
Pathways Initiative Approves ‘Step 2’ Plan, Wins $1M in Federal Funding
The West-Wide Governance Pathways Initiative received a significant financial boost when DOE awarded nearly $1 million to underwrite its efforts to establish a Western “regional organization” to oversee CAISO’s WEIM and EDAM.
PJM
Consumer Advocates File Wide-ranging Complaint on PJM Capacity Market
Several state consumer advocates filed a complaint at FERC alleging PJM’s capacity market is failing to mitigate market power, overestimating future load and producing high clearing prices that generation owners cannot act on. 
ISO-NE
ISO-NE Details Regional Energy Shortfall Threshold Metrics
ISO-NE’s regional energy shortfall threshold will rely on a pair of metrics intended to capture the intensity and duration of energy shortfall risks in extreme weather scenarios, the RTO told the NEPOOL Reliability Committee.

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