Markets
FERC granted MISO permission to embed the production costs of providing spinning reserves in its market prices.
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.
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-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 ordered PJM to revise its market seller offer cap to prevent sellers from exercising market power in the RTO’s capacity market.
NYISO locational-based marginal prices averaged $63.70/MWh in February, more than triple the $21.11/MWh average in February 2020.
ERCOT faces a shortfall of more than $3 billion after widespread generator outages stemming from a February winter storm.
Stakeholders told FERC that the proposed Southeast Energy Exchange Market (SEEM) doesn’t go far enough to increase competition.
PJM stakeholders endorsed an issue charge regarding the allocation of capacity transfer rights after delaying the vote last month.
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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