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July 3, 2024

Markets

BPA
Study Shows Uneven Benefits for Calif., Rest of West in Single Market

The results from a WMEG study indicate that many entities outside California would see more benefits from a two-market outcome while the Golden State has the most to lose from such a split.

Shutterstock
Settlement over PJM Elliott Penalties Receives Broad Support
Several generation companies have submitted comments supporting and opposing a proposed settlement to reduce the $1.8 billion PJM assessed against market sellers for underperforming during Winter Storm Elliott by 23%.
© RTO Insider LLC
Overheard at the OPSI Annual Meeting
The OPSI annual meeting debated PJM’s recent capacity market filing and whether the RTO needs to consider changes to its energy and reserve markets.  
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CAISO GHG Working Group Seeks Clarity on Problems, Definitions
A meeting of CAISO’s Greenhouse Gas Coordination Working Group illustrated the complexity Western stakeholders confront in addressing greenhouse gasses in the region’s expanding electricity markets.
© RTO Insider LLC
FERC Orders Section 206 Proceeding for New Brunswick Energy Marketing
New Brunswick Energy Marketing argued in its 2022 filing that a delivered price test and additional evidence indicate it does not have market power, despite the screen failure.
PJM
PJM MRC/MC Preview: Oct. 25, 2023
PJM's Markets and Reliability Committee and Members Committee will meet Oct. 25, with potential votes on creating a fifth cost of new entry area for the Commonwealth Edison zone in Illinois, the 2023 Reserve Requirement Study and capacity offers for generators with co-located load.
Ameren Illinois
ICC Staff: More to Consider in Possible Ameren Illinois Exit from MISO
Staff from the Illinois Commerce Commission put their own spin on an analysis showing how much Ameren’s switch to PJM could cost MISO.
D.C. Circuit Court of Appeals
PSC Takes FERC Back to Court Over NYISO’s 17-Year Amortization
The New York PSC asked a federal appeals court to overturn FERC’s approval of NYISO’s 17-year amortization period in its installed capacity market.
© RTO Insider LLC
PJM Files Capacity Market Revamp with FERC

Comments are due Nov. 3 on PJM’s proposal, which it said would improve reliability and incentivize resource development while controlling costs.

 
WPPI Energy
FERC: MISO’s 2030 Finish Date on Order 2222 Compliance not Soon Enough
FERC said MISO didn’t justify the need for an additional five-year gap between completion of its new market platform in 2024 and the first DER aggregation registrations in late 2029.

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