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November 19, 2024

Markets

MISO Spinning Reserves Get Baked-in Cost Recovery
FERC granted MISO permission to embed the production costs of providing spinning reserves in its market prices.
Software Error Could Mean ERCOT Price Revisions
ERCOT said it will seek board approval for a potential price correction needed because of software errors that occurred on Feb. 15 during a winter storm.
Bill Would Track Nevada Renewable Trade Flows
A Nevada bill intends to increase transparency around how much renewable energy the state is producing and how much of it is sold to other states.
COVID, Storms, Wildfires Roiled Markets in 2020
COVID-19 and record hurricane and wildfire seasons made 2020 “a unique and at times challenging year,” FERC said in its State of the Markets report.
FERC Backs PJM IMM on Market Power Claim
FERC ordered PJM to revise its market seller offer cap to prevent sellers from exercising market power in the RTO’s capacity market.
NYISO Monthly LBMPs More than Triple from a Year Ago
NYISO locational-based marginal prices averaged $63.70/MWh in February, more than triple the $21.11/MWh average in February 2020.
ERCOT: Market Now Short $3.02B
ERCOT faces a shortfall of more than $3 billion after widespread generator outages stemming from a February winter storm.
Opposition Emerges to Southeast Energy Exchange Market
Stakeholders told FERC that the proposed Southeast Energy Exchange Market (SEEM) doesn’t go far enough to increase competition.
PJM MIC Briefs: March 10, 2021
PJM stakeholders endorsed an issue charge regarding the allocation of capacity transfer rights after delaying the vote last month.
Texas Senate Passes Bill to Reprice ERCOT Feb. Sales
Texas' Senate is requiring the repricing of $4.2 billion in transactions ERCOT’s IMM identified as “billing errors” associated with February's winter storm.

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