Markets
FERC invited states to introduce carbon pricing in wholesale markets but said it had no authority to initiate such programs itself.
The U.S. energy industry is still wrestling with the economic and social impacts of the COVID-19 pandemic that hit the world nearly nine months ago.
The NEPOOL Markets Committee discussed 13 amendments to proposed updates to parameters for the 2022 capacity auction.
PJM stakeholders endorsed an installed reserve margin of 14.4%, down from 14.8% in 2019, along with new winter weekly reserve targets.
CAISO said it plans to begin a stakeholder initiative on scarcity pricing with an issue paper and formal start in January.
FERC approved LS Power’s acquisition of two generating facilities in PJM, rejecting the Independent Market Monitor’s request for behavioral mitigation.
MISO postponed its attempt to develop modeling software that can accommodate different combinations of combined cycle units.
A report on the causes of California’s August blackouts contends that constrained transmission prevented much needed imports from reaching the state.
FERC ruled that some NYISO Demand Response programs are subject to mitigation; Commissioner Glick dissented.
Vistra said MISO’s “irreparably dysfunctional” capacity auction design deserves blame for its decision to shutter the last of its Midwest coal plants.
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