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December 26, 2024

Markets

Renew Home
Renew Home Foresees Bright Future for Residential VPPs
Home energy management company Renew Home has released a position paper arguing that VPPs can quickly be stood up to help meet growing demand.
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FERC Establishes Settlement Procedures for ISO-NE IEP Exit Request
FERC established settlement judge procedures in response to a waiver request from a generator seeking to exit ISO-NE’s inventoried energy program and refund the net revenues received from the program.
PJM
PJM MIC Briefs: Aug. 7, 2024
PJM has decided not to refile several components of its proposed capacity market redesign that was rejected by FERC in February.
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Stakeholders Endorse PJM EE Measurement and Verification Proposal
The Market Implementation Committee endorsed a PJM proposal to revise how the capacity offered by energy efficiency resources is measured and verified, rejecting competing proposals from EE providers and the Monitor.
California Senate
California Energy Officials Pitch Pathways Plan to State Senators
California energy agency heads appeared before state lawmakers to pitch the proposed CAISO governance changes being developed by the West-Wide Governance Pathways Initiative.
Omnis
Governance is ‘Key Consideration’ for West, Markets+ Backers Say
Governance should be a “key consideration” for the West in the competition between day-ahead electricity markets because the outcome potentially affects $25 billion a year in energy transactions, according to a new “issue alert.”
California Senate
California Labor Groups Affirm Support for Pathways Proposal
Labor groups that blocked past California legislative efforts to “regionalize” CAISO told state lawmakers they “look forward” to working with the legislature next year to pass a bill to implement the governance changes being developed by Pathways.
Z22, CC-BY-SA 4.0, via Wikimedia Commons
NYISO Presents Draft Recommendations for Demand Curve Reset
NYISO presented its draft recommendations for the demand curve reset, including the choice of a two-hour battery electric storage system resource as the proxy unit in calculations.
EMC Enineering Services
ISO-NE Outlines ‘Straw Scope’ of Capacity Market Reforms
ISO-NE responded to stakeholder feedback on its capacity auction reform project at the NEPOOL Markets Committee meeting, providing clarity on the scope of its capacity market overhaul. 
Bureau of Land Management California
CAISO Proposal Seeks to Refine Storage Bid Cost Recovery
A new CAISO proposal seeks to address unwarranted BCR payments to storage resources, an issue that has stirred controversy over the last month.

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