Energy Market
MISO officials and stakeholders discussed December's record output for wind power, IT improvements and transmission cost allocation.
The FERC decision dealt with companies implicated in manipulating prices during the initial "Summer Period" of the Western Energy Crisis.
FERC accepted transmission calculations submitted by Southwestern transmission-owning utilities in support of their requests for market-based rates.
FERC ruled that Shell and Hafslund can not use the costs associated with illegal trading activity during the Western Energy Crisis to offset their refund.
FERC proposed regulations intended to reduce uplift costs, allocate it more accurately and increase transparency.
The CAISO decision to possibly prioritize reforms to its congestion revenue rights auctions in 2017 has provoked mixed reactions from stakeholders.
MISO may retire its Credit Settlements Working Group because of a lack of substantive work and stakeholder volunteers willing to chair the group.
The PJM Market Implementation Committee endorsed two proposed Manual 11 revisions related to shortage pricing, both of which were developed in response to FERC Order 825.
FERC said evidence of price reporting deficiencies by power sellers during the Western Energy Crisis cannot constitute the sole basis for a finding of market manipulation.
Mountain West Transmission Group has said it will enter discussions with SPP to explore the possibility of joining the RTO.
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