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July 2, 2024

Markets

© RTO Insider LLC
PJM MRC/MC Briefs: March 20, 2024
The PJM MRC rejected four proposals to rework how the RTO measures and verifies the capacity EE providers can offer into the market.
CAISO
WEIM Expert Calls for Fast-start Pricing to Address ‘Anomalies’

Fast-start pricing could fix certain “price anomalies” in CAISO markets more effectively than existing mechanisms for compensating ramping resources, the WEIM Governing Body’s market expert told the group.

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PJM Awaiting FERC Response to Court Rejection of 2024/25 Capacity Auction Parameters
PJM updated stakeholders on how it will proceed in the wake of a 3rd Circuit ruling vacating a FERC order allowing the RTO to revise a parameter after bids had been received for the 2024/25 Base Residual Auction.
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MISO Members Mull Full Impact of DER Aggregations in Markets
MISO members pondered at Board Week over how quickly the full impact of Order 2222 will be felt across the footprint.
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MISO Says Rigorous Accreditation Key to Managing Future Market Ops, Reviews Mostly Calm Winter
MISO’s imminent filing for a new capacity accreditation is a crucial first step to get ready for a more complex and challenging future, executives told attendees during March Board Week.
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IMM Tells MISO to Do More to Curb Fake DR Schemes
MISO’s Independent Market Monitor told the board the RTO must crack down on confirmations to prevent more phony demand response from infiltrating its markets.
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CAISO’s EDAM Scores Key Wins in Contested Northwest
CAISO scored simultaneous victories in heavily contested territory after Portland General Electric and Idaho Power both signaled their intent to join the Extended Day-Ahead Market.
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FERC Proposes Restricting Reactive Power Compensation
FERC is seeking comments on a proposal to prohibit including charges associated with reactive power in transmission rates.
FERC, via Hitachi ABB Power Grids Velocity Suite
FERC: Markets Stable in 2023; Gas Continues to Dominate Mix
2023 began with a mild winter, setting the pace for a relatively quiet year in which natural gas and wholesale electricity prices dropped and the U.S. added a net 26 GW in generation capacity.
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3 FERC Nominees Quizzed by Senators in Hearing Short on Fireworks
The three nominees to be FERC commissioners faced questions from the Senate Energy and Natural Resources Committee in a hearing that was light on fireworks.

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