Markets
Average PJM LMPs doubled to a record-high $80/MWh last year, driven mostly by coal and natural gas prices, the RTO’s Independent Market Monitor reported.
MISO said it experienced a “complete loss of monitoring or control capability” at its control center on March 1, setting off short-lived energy imbalances.
ERCOT CEO Pablo Vegas endorsed the PUC's performance credit mechanism, saying it will incent new and preserve existing dispatchable generation.
NYISO briefed the Installed Capacity/Market Issues Working Group on its efforts to improve capacity accreditation.
The Energy Bar Association Western Chapter heard panelists and CAISO's CEO discuss rapidly evolving efforts to organize markets and an RA program in the West.
PJM stakeholders requested that the Board of Managers provide more information about its initiation of a fast-track process to address reliability concerns.
MISO’s attempt to justify a new resource accreditation process gave way to heated debate over how to best alleviate the footprint’s reliability challenges.
FERC rejected SPP’s capacity accreditation methodology for wind and solar resources and granted a rehearing request of its prior approval.
MISO says it’s leaning toward a simplified method to handle the market participation of combination battery storage and renewable energy resources.
MISO continues to defend its decision to export gigawatts of power to its neighbors during the expansive, late December winter storm.
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