January’s cold weather resulted in a sharp increase in natural gas and power prices in the first quarter, PJM’s Independent Market Monitor reported.

PJM’s Market Implementation Committee approved manual revisions reducing the number of virtual bidding locations by almost 90%.

The New York ISO (NYISO) faces increasing penetration of intermittent distributed energy resources (DER), declining load, all-time low energy prices and the need to replace aging generation.

CAISO and PacifiCorp reaped the majority of the Western Energy Imbalance Market’s $42.1 million in gross benefits during the first quarter (Q1 2018).

FERC approved settlement agreements among CAISO, Pacific Gas and Electric and Calpine covering reliability-must-run contracts for three Northern California gas-fired plants, reducing the revenue they will receive and making them subject to a must-offer requirement.

The energy trading arm of Public Service Enterprise Group (PSEG) agreed to pay $39.4 million to settle a FERC investigation into violations of PJM energy market bidding rules over 9 years.

When stakeholders begin considering potential changes to PJM’s demand curve next month, one of the main debates will likely center on whether combustion turbines should remain the reference technology for estimating the cost of new entry be replaced by combined-cycle gas turbines.

Avangrid on Monday said its first quarter (Q1 2018) earnings rose slightly on new rate plans and rising output from its wind fleet, and the company highlighted its growing opportunities in renewable energy — particularly offshore wind.

Steve Huntoon wants to apologize -- on behalf of FirstEnergy.

SPP CEO Nick Brown said the grid operator remains committed to making their membership proposal to Mountain West Transmission Group work, despite Xcel Energy’s surprise decision to pull out of the group and its pending integration into the RTO.