Energy Market
FERC handed PJM a mixed ruling onrevisions intended to equalize the cost recovery treatment of gas-fired plants with that of other thermal generators.
ERCOT staff warned that forward energy markets indicate high prices this summer, which could lead to unexpected increases in credit obligations.
The U.S. Supreme Court declined to hear challenges to Illinois’ and New York’s nuclear subsidies, leaving standing appellate court rulings.
MISO’s annual report on future trends includes suggestions for market changes that could ease the transition to a still hard-to-pin-down future fleet.
PJM proposed an alternative stakeholder process to implement market rule changes recommended in a special report on the RTO’s role in the GreenHat default.
NYISO proposed using an estimated fuel cost to help determine the carbon component of locational-based marginal prices, while the state’s largest waste energy producer called for carbon offsets to be included in the final carbon pricing plan.
ERCOT staff and stakeholders began the process of implementing real-time co-optimization with the first meeting of the Real-Time Co-Optimization Task Force.
SPP has made its long-held interest in the West official by “calling on interested utilities and other customers” to help build a real-time market “that will meet the electricity needs of the Western Interconnection.”
The Western Energy Imbalance Market continued expanding as the Sacramento Municipal Utility District became the first publicly-owned utility to begin participating in CAISO’s real-time electricity market for the West.
MISO must flesh out more details around its already lengthy proposal for allowing energy storage resources to participate in its markets, FERC said.
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