Energy Market
After a year under new fuel-cost policy rules, PJM stakeholders discussed some potential tweaks at a special session of the Market Implementation Committee.
PJM’s Board of Managers signaled it is done waiting for stakeholders to make progress on a nearly yearlong initiative to improve energy price formation.
FERC approved PJM’s proposal to extend the deadline for day-ahead energy market bids and offers by 30 minutes, from 10:30 a.m. to 11 a.m.
Months past the deadline requested by PJM’s Board of Managers, details of potential changes to the RTO’s energy market remain anyone’s guess.
NYISO said it would revise its carbon pricing proposal to enhance the bidding treatment for carbon-free resources and help prevent carbon leakage.
A new report released says full market participation for renewables will require revisions to electricity markets, particularly in MISO and PJM.
MISO successfully managed an uneventful October that went from unseasonably warm to unusually chilly, the RTO reported at an Informational Forum.
Ontario and Alberta are developing capacity markets as those in the U.S. face stress from subsidized resources and growing resistance from states and public power.
NYISO is considering penalizing external resources that fail to perform when dispatched following a supplemental resource evaluation.
Midcontinent ISO now has a fifth wintertime waiver of its $1,000/MWh offer cap in hand after FERC approved the RTO’s request on Nov. 16.
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