Markets
Future historians of the U.S. electricity sector one day might conclude the development of an RTO in the West hinged on two separate but interrelated events occurring on one day in July 2023.
MISO juggled several projects over 2023 designed to fend off imminent reliability problems and will keep up the multitasking in 2024.
CAISO marked a key milestone in its Western expansion efforts after FERC approved nearly every aspect of its proposed Extended Day-Ahead Market.
Opponents of the Southeast Energy Exchange Market want the federal courts to examine FERC's approval of the market.
FERC approved a settlement between PJM and 81 parties to reduce the $1.8 billion in penalties assessed against generators that underperformed during Winter Storm Elliott.
ISO-NE kicked off work to determine an acceptable level of energy shortfall risk for New England, particularly during extreme weather events.
FERC has reaffirmed that MISO can exclude renewable resources from providing ancillary services in its markets.
The PJM Markets and Reliability Committee will consider endorsement of two competing proposals to implement multi-schedule modeling, while the Members Committee will endorse representatives for the Finance Committee.
NYISO’s Business issues Committee approved testing of dynamic reserves, changes to the LCR optimizer, and new capacity accreditation rules.
ISO-NE should move to a prompt and seasonal capacity market to better accommodate the evolving mix of resources and reliability risks in the region, Analysis Group told stakeholders at the NEPOOL Markets Committee meeting.
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