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November 19, 2024

Markets

© RTO Insider LLC
West Entered Pivotal Period for RTO Development in 2023

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.

© RTO Insider LLC
MISO Year in Review: 2023 — and Likely 2024 — Dedicated to Deflecting Reliability Issues
MISO juggled several projects over 2023 designed to fend off imminent reliability problems and will keep up the multitasking in 2024.
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CAISO Wins (Nearly) Sweeping FERC Approval for EDAM
CAISO marked a key milestone in its Western expansion efforts after FERC approved nearly every aspect of its proposed Extended Day-Ahead Market.
D.C. Circuit Court of Appeals
SEEM’s Opponents Return to DC Circuit
Opponents of the Southeast Energy Exchange Market want the federal courts to examine FERC's approval of the market.
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FERC Approves Settlement Reducing PJM Penalties for Elliott Underperformance
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
ISO-NE Details Proposal for Regional Energy Shortfall Threshold
ISO-NE kicked off work to determine an acceptable level of energy shortfall risk for New England, particularly during extreme weather events. 
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FERC Upholds MISO Ban on Renewables Supplying Ancillary Services
FERC has reaffirmed that MISO can exclude renewable resources from providing ancillary services in its markets.
PJM
PJM MRC/MC Preview: Dec. 20, 2023
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
NYISO BIC Stakeholders OK Modeling, Market Design
NYISO’s Business issues Committee approved testing of dynamic reserves, changes to the LCR optimizer, and new capacity accreditation rules.  
Analysis Group
Analysis Group Recommends Prompt, Seasonal Capacity Market for ISO-NE
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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